Business Korea sat down to speak with Darren Krakowiak, managing director and country representative of CBRE Korea to ask him about the commercial real estate market in the country. Drawing on his 8 years of experience in the commercial real estate market in Seoul, Darren spoke at length about the c

Since 1619, Dulwich College in South London has been developing its reputation for educating British children. And for the last 15 years, Dulwich College International has been exporting that education to Asian cities like Shanghai, Beijing, Singapore, and, since 2010, Seoul.With 650 students nestle

LS Industrial Systems made the list of the top global 100 innovative companies along with Samsung Electronics and LG Electronics for seven years running.Clarivate Analytics, a world-class academic information service provider, announced 2017 Top 100 Global Innovators, saying, “LG Electronics, LS Ind

AmorePacific held a ceremony for the "Make-up Artist Goes" Scholarship-Awarding Ceremony at the headquarters of the AmorePacific Group in Seoul on January 23.‘Make-up Artist Goes' is a social contribution activity by employees of AmorePacific through which AmorePacific make-up and hair artists visit

Samsung SDI Co. announced on January 23 that it achieved sales of 1.85 trillion won (US$1.73 billion) and operating profits of 118.6 billion won (US$110.64 million) in the fourth quarter in 2017. Accordingly, the company posted 6.32 trillion won (US$5.9 billion) in annual revenues and 116.9 billion

Despite China’s retaliation against the U.S. Terminal High Altitude Area Defense (THAAD) missile system, LG Household & Health Care Ltd. made a record operating profit in 2017.The retailer of cosmetics and household products announced on January 23 that it posted 6.27 trillion won (US$5.84 billion)

Hyosung Corporation and the Korea Bobsleigh & Skeleton Federation concluded a sponsorship agreement in Seoul on January 19. The signing ceremony was attended by Hyosung President Jo Hyun-sang, Korea Bobsleigh & Skeleton Federation Chairman Kang Shin-sung, etc.Members of the national bobsleigh and sk

On January 17, a local news outlet reported that Doosan Group is discussing the sale of Doosan Heavy Industries & Construction to focus more on Doosan Robotics and Doosan Bobcat after adjusting its business portfolio with the profitability of Doosan Heavy Industries & Construction deteriorating due

LS Group management turned out in the world’s largest consumer technology show “CES 2018.”LS Group announced on January 15 that Chairman Koo Ja-yeol visited the CES 2018 from the 11th to 12th accompanied by the groups’ 10 key executives, including LS Mtron Vice Chairman Koo Ja-eun, LS Group Presiden

SK Holdings C&C will actively promote and spread the digital conversion of all of its industrial sectors this year.According to SK Holdings C&C on January 9, SK Corp. CEO Jang Dong-hyun said in his New Year message that he will take the lead in taking the company to the next level by means of the cr

GM Korea Co. has reached an agreement with its workers union on a wage package for the year 2017 in eight months. Its labor and management will also immediately launch discussions for a follow-on wage and collective bargaining agreement and draw a conclusion within February. In a vote held for two d

Samsung Electronics Co. has been excluded from the MSCI KOREA ESG Leaders Index of Morgan Stanley Capital International (MSCI), the world's largest index firm. The MSCI removed the company from the index on the grounds that an exhaustive social controversy surrounding Samsung Electronics has had neg

State Street Global Advisors, the asset management arm of State Street Corporation, announced today the appointment of Um Tae-jong as head of Korea. In this newly created role, Dr. Um will lead SSGA’s business strategy and future development in Korea.  Dr. Um joined SSGA from MSCI Korea, where he wa

Hyosung Group took the first step to adopt a holding company structure. It is also expected to strengthen the control of CEO and the heir Cho Hyun-joon, who took office as chairman last year, over the group.Hyosung Corporation announced that it has decided to spin off into the holding company Hyosun

Since the inauguration of the Moon Jae-in administration, cases in which labor-management wage negotiations have been delayed or dramatically concluded after some difficulties have been on the rise. Hyundai Motor, Kia Motors, GM Korea and other automobile companies which had gone through difficultie

Lotte Group has completely removed its cross-shareholding relations, whose number once reached 750,000, in three years. As Chairman Shin Dong-bin was handed a suspended prison sentence, the group is also accelerating the stabilization of its holding company system.According to Lotte Group on January

Samsung Electronics ushered in the New Year with the absence of Vice Chairman Lee Jae-yong. As Vice Chairman Kwon Oh-hyun, who had led Samsung, and President Yoon Boo-keun and Shin Jong-kyun stepped down from management, the younger management, such as President Kim Ki-nam, Kim Hyun-suk and Koh Dong

The sale of Daewoo E&C whose stock price has plunged every day is being delayed as its labor union went on a strike.A recent drop in the company’s stock price further has been fouling up the sale of Daewoo E&C expected to be sold off to a new owner soon. On December 27, its stock price closed at 5,8

The final hearing in the appeals trial of Samsung Electronics Vice Chairman Lee Jae-yong was held at the Seoul High Court on December 27.There, the vice chairman stressed that he was not interested in having more shares in Samsung Group subsidiaries. According to special prosecutors, the vice chairm

Samsung Electronics holds its Global Strategy Meetings on December 18 to 20 to seek new growth drivers.The upcoming meeting of the Device Solutions (DS) Division of the company is the first one under President Kim Ki-nam. “The president is expected to focus on how to further solidify the division’s