Business leaders from Korea and Japan gathered again in Seoul for the Korea-Japan Industrial Cooperation Forum to discuss ways to boost cooperation between the two countries. Recently the two countries have accelerated their economic cooperation, including the signing of a currency swap for the firs
Chairman Koo Kwang-mo of LG Group, Vice Chairman Kim Dong-kwan of Hanwha, and Chairman Koo Ja-yeon of LS are among the conglomerate heads accompanying President Yoon Suk-yeol on his visit to Europe. Chairman Lee Jae-yong of Samsung Electronics, Chairman Chey Tae-won of SK Group, and Chairman Chung E
The four major conglomerates - Samsung, SK, Hyundai Motor, and LG - have virtually returned to the Federation of Korean Industries (FKI). The return isn’t in the form of re-enlistment, but rather through the transfer of membership from affiliated research institutions.According to industry insiders
With the enforcement of the European version of the Chips Act, and TSMC and Intel’s large-scale investment lineup continuing, the European Union (EU) has actively wooed domestic semiconductor companies that are hesitant about entering Europe. The focus is now on EU Internal Market Commissioner Thier
Major Korean business leaders, including the heads of the four major Korean conglomerates, are planning a group trip to Poland in July. They are expected to participate in an economic mission to commemorate the 35th anniversary of diplomatic ties between Korea and Poland and take the lead in expandi
Samsung Group, led by Chairman Lee Jae-yong, was found to be the top Korean company in four categories in 2022: total sales, operating profit, net profit, and employment size.Samsung Group officially passed a milestone of 400 trillion won in sales in 2022, according to the results of a 2022 Korean b
Samsung Chairman Lee Jae-yong, SK Chairman Chey Tae-won, Hyundai Motor Chung Eui-sun, and LG Chairman Koo Kwang-mo discussed bilateral cooperation on energy, biotechnology and future transportation in a meeting with French President Emmanuel Macron.The Korean business leaders met with President Macr
SK Group announced on June 22 that they are backing a project to build a memorial in commemoration of the 70th anniversary of the Korea-U.S. alliance. The memorial will honor the late Colonel William E. Weber and General John Kirk Singlaub, both renowned figures of the alliance and heroes of the Kor
Telechips, a domestic fabless semiconductor design firm, has designed an In-Vehicle Infotainment (IVI) system chip manufactured by Samsung Electronics, which has been confirmed to be installed in Hyundai Motor's premium Genesis brand.According to the industry on June 11, the Dolphin+ system-on-c
Chey Tae-won, chairman of SK Group and the Korea Chamber of Commerce and Industry (KCCI), revealed the mutual cooperation of the Korean and Japanese business communities, stating that "we will connect the 2030 Busan World Expo (Busan Expo) with the 2025 Osaka-Kansai Expo in Japan as a single solutio
Unlike recent high-profile visits of major U.S. CEOs to Beijing and Shanghai such as Elon Musk of Tesla and Jamie Dimon of JP Morgan Chase, those of major Korean companies with strategic production bases in China have been keeping a low profile. Even if they visit China, they seem to be refraining f
SK Group created over 20.5 trillion won in social value (SV), up 1.6 trillion won from the previous year, through innovations in environmental and social business models last year. Social value refers to the degree to which a company has contributed to solving or alleviating social problems faced by
SK Group Chairman Chey Tae-won visited the United States on an economic mission during a Korea-US summit meeting, actively supporting economic diplomacy between the two countries.On April 25 (local time), an investment announcement ceremony held at the U.S. Chamber of Commerce in Washington, D.C., i
President Yoon Suk-yeol attended a U.S.-South Korea business conference in Washington D.C. on April 25. He was accompanied by Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Chairman Chung Eui-sun, LG Group Chairman Koo Kwang-mo and Lotte Group chairman
Hyundai Motor Company, Kia Corp., and Hyundai Mobis approved a proposal to establish a North American joint battery cell venture with SK On in a regular board meeting. This formalizes the establishment of a joint venture following the signing of a business agreement between Hyundai Motor Group and S
As the heads of the four major Korean conglomerates, including Samsung Electronics Chairman Lee Jae-yong, will accompany President Yoon Suk-yeol’s state visit to the United States, much attention is being paid to whether they will be able to get what they want in negotiations with the U.S. governmen
A U.S.-South Korea summit is scheduled for April 26 and the heads of 122 South Korean enterprises and organizations are expected to join as economic delegation members.According to the Federation of Korean Industries, the members include Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman C
Korea Chamber of Commerce and Industry Chairman Chey Tae-won stressed the importance of economic cooperation with Portugal at the Korean-Portuguese Business Forum in Seoul on April 12.“Portugal is highly business-friendly, very important geographically, and home to the largest lithium reserves in Eu
Portuguese Prime Minister Antonio Costa met South Korea with Hanwha Group Vice Chairman Kim Dong-kwan and SK Hynix Vice Chairman Park Jung-ho.The prime minister and the vice chairman of Hanwha discussed cooperation in the energy sector. The group’s business models in this sector include renewable en
Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won are expected to visit the United States next month to accompany President Yoon Seok-yul during the KORUS summit scheduled for April 26.This month, Lee visited China after nearly three years to attend the 2023 China Developm