The 2018 Lotte World Tower International Vertical Marathon 'SKY RUN' will be held on May 13. A total of 1,500 people will run. Excluding professional athletes and corporate participants, the participants will total 1,400.The Lotte World Tower Scarlet is an official event recognized by the Vertical W

Columbia University MBA students and faculty members visited the Dream Plus Gangnam, a start-up training center established by Hanwha Life Insurance on March 13.This visit was made possible as Columbia Business School, which selected Hanhwa Life's Dream Plus Gangnam as an example of Korea's open inn

Doosan Heavy Industries & Construction Co., the nation’s top power equipment maker, announced on March 13 that it has signed an agreement with a consortium consisting of two Korean private equity funds – Socius Advisors and Well to Sea Investment – to sell its entire stake of 42.66 percent in Doosan

According to the Ministry of Environment (MOE) on March 12, polyhexamethylene guanidine (PHMG) was found in deodorant sprays manufactured by PIGEON Corporation.The Elegant Mimosa and the Romantic Rose contain 0.00699 percent and 0.009 percent of PHMG respectively. PHMG can cause toxicity in the nasa

Kim Gwan-yong, Governor of Gyeongsangbukdo (North Gyeongsang Province), set a record as he was elected as head of a local government for the sixth time through a popular vote. Kim served as head of a local government for 24 years as he was elected as Gumi mayor three times and as governor of Gyeongs

It has been found that the total market cap of the LG Group, which has 11 listed subsidiaries, fell 5.53% from 103.38 trillion won (US$93.0 billion) to 97.65 trillion won (US$87.9 billion) between the end of last year and March 6 this year. The group showed the highest rate of decrease among the 10

Samsung Group’s financial affiliates, such as Samsung Life Insurance Co. and Samsung Fire & Marine Insurance Co., are planning to sell their stakes in Samsung Electronics Co. that exceed 10 percent by the end of this year. Samsung Electronics has been purchasing and cancelling its treasury shares fr

At the first press conference held at the Ministry of Strategy and Finance in the Government Complex Sejong on March 6 after the inauguration, Cho Yong-man, president of the Korea Minting, Security Printing & ID Card Operating Corp. (KOMSCO), said, “We are planning to launch the KOMSCO Trusted Platf

Korea Midland Power (KOMIPO) announced on March 6 that the company acquired “Excellence,” the highest rating in the evaluation of public organizations in terms of win-win growth activities in 2017 by the Ministry of SMEs and Startups.KOMIPO has achieved the highest grade for three consecutive years

Samsung Electronics Co. invested more than 16.8 trillion won (US$15.53 billion) in research and development (R&D) in 2017. The company’s cashable assets still remain at the 30 trillion won (US$27.74 billion) level but the figure has decreased about 1.5 trillion won (US$1.39 billion) compared to a ye

KEPCO KPS, a total power plant service provider, has acquired ISO 27001 certification from the British Standards Institution (BSI) headquartered in London. ISO 27001 is the international best practice standard for an information security management system.KEPCO KPS held an ISO 27001 certification aw

Samsung C&T has decided to bring in a French executive who served as a top-level executive at General Electric as a new outside director. Analysis says that the move signaled the full-scale start of an improvement in corporate governance and management led by boards of directors. Earlier, Samsung El

According to investment banking (IB) industry sources on Feb. 27, foreign shareholders at KB Financial Group officially expressed their negative views on the introduction of a labor union board member recommendation system.A senior official from KB Financial said, “Some foreign shareholders strongly

South Korea’s fifth-largest conglomerate Lotte Group has completely removed its cross-shareholding ties amid the unprecedented absence of chairman, passing the first step for an emergency management system. However, the group has mounting challenges as it recently faced suspicion that it sought favo

On February 28, Samsung Group will mark the one year anniversary of declaring its “virtual dismantlement” for self-regulatory management by affiliates.Although there is concern that the Samsung Group will be put into a quagmire as its chairman was put behind bars and the Future Strategy Office, the

Samsung SDI Co., a battery making unit of South Korea’s largest conglomerate Samsung Group, will have to dispose 4.04 million shares in its affiliate Samsung C&T Corp. within six months in connection with a controversial merger between Samsung C&T and Cheil Industries. Accordingly, Samsung Group’s c

A 5G demonstration by KT received rave reviews and much attention from the world ICT industry and at the same time, a KT subsidiary was raided by the police over an allegation that KT gave illegal political funds.KT Corp is experiencing both positive and negative things at the same time upon the end

Samsung Electronics is paying a lot of attention to beefing up global communications. The company appointed a senior official from the Ministry of Strategy and Finance as an officer in charge of overseas PR after making foreign language qualifications obligatory in executive promotion reviews.Consid

POSCO ICT Co. and Kangrim Insulation Co. are prohibited from launching bids due to exceeding cumulative subcontracting law penalty points. According to the Fair Trade Commission (FTC) on Feb. 25, the two companies recorded a 6 cumulative point each after violating the subcontracting law in the past

North Gyeongsang Province has decided to move forward with the Export Marketing Strategy for 2018 International Trade Expansion after setting US$50 billion in exports and US$35 billion in trade surplus as the target of this year. In addition, this year, the province will implement a total of 24 expo