LG Uplus held a board meeting on February 14 and announced that it had decided to take over CJ Hello, the No. 1 cable TV operator owned by CJ ENM.LG Uplus will buy 50 percent and one share of CJ Hello`s 53.92 percent of stake. The price is 800 billion won.CJ Hello has 4.2 million cable TV subscriber

Hanhwa Corp. said on Feb. 13 that it conducted its first shipment of chemicals, including industrial gunpowder and detonator, to the United Arab Emirates and Thailand at its Boeun workplace in North Chungcheong Province. The total volume of its exports to the two countries is expected to reach about

The labor union of Hyundai Heavy Industries (HHI) urged the management on Feb. 12 to immediately stop its bid to acquire Daewoo Shipbuilding & Marine Engineering (DSME) and start talking with the union. It also said labor workers would stage a struggle opposing the acquisition if the management does

The Korea Development Bank (KDB) said on Feb. 12 that Samsung Heavy Industries had officially notified on Feb. 11 that it has no intention to participate in the bid for the acquisition of Daewoo Shipbuilding & Marine Engineering (DSME)."Accordingly, Hyundai Heavy Industries has been selected as a ca

Dassault Systemes, a smart factory company, said on Feb. 8 that it has signed a memorandum of agreement (MOA) with Airbus on mutual cooperation for implementing 3D design, engineering, simulation and intelligence applications. Dassault Systemes will help build a new ecosystem in Airbus's digital

LG Uplus will reportedly soon decide to buy CJ Hello, the number one cable TV company in Korea. According to telecommunication industry sources on Feb. 8, LG Uplus is planning to hold a board of directors’ meeting as early as next week to officially purchase CJ Hello.Earlier, LG Uplus Vice Chairman

Amid the implementation of the Moon Jae-in government's nuclear phase-out policy, the nuclear power usage fell to its lowest level in 37 years last year. It is expected that the utilization rate of nuclear power plants will rebound sharply this year as electricity production is resumed after saf

Hanmi Pharm has made a provisional announcement that it attained 1.016 trillion won in sales and 83.6 billion won in operating profit last year. The company's series of successes in technology exports have resulted in a revenue recovery of 1 trillion won in three years since it surpassed 1 trill

Ssangyong Motor posted a deficit for the second consecutive year last year due to rising costs resulted from reduced exports, despite its record-high sales.Ssangyong Motor made an announcement on Jan. 31 that it recorded 143,309 units of sales, sales of 3.7 trillion won, operating loss of 64.2 billi

Pascucci, an Italian traditional coffee shop run by SPC Group, announced on February 1 that it will sell beverages that have won the 2018 Pascucci Barista Championship for a month in February.The concept of Apple's Caramel Conpana, which was released this time, is a balance between sweet and sou

As Daewoo Shipbuilding & Marine Engineering (DSME)'s subcontractors recently died in a fall while working, the labor group urged the government to come up with measures to prevent recurrence of such accidents.The DSME branch of the Metal Union held a press conference in front of Geoje City Hall

Samsung Heavy Industries won the year's first order, winning two LNG carriers worth 419.9 billion won. The company announced on Jan. 29 that it has signed a contract to build two 180,000㎥ LNG carriers with the European ship owner Celsius Tankers.As the carriers will be equipped with eco-friendly

Hyundai Heavy Industries Group has won orders for six mid-sized PC (product carrier) ships this month. Hyundai Mipo Dockyard announced on Jan. 28 that it signed a contract with a European shipowner for the construction of six 50,000-ton class PC ships (including two ships in options) worth about $25

The prosecution has sought an arrest warrant for Kim Hyun-seung, CEO of Mongo Foods, on charges of embezzling billions of won by setting up an overseas corporation.The Busan District Prosecutors' Office said on Jan. 25 that it requested an arrest warrant for Kim for his alleged violations of the

The National Tax Service (NTS) is known to have launched a tax probe into Lotte Chilsung Beverage by dispatching officials of the Investigation Bureau 4, which is in charge of non-regular tax audits.According to related industry sources on Jan. 23, the NTS started an in-depth tax investigation by se

National Pension Service (NPS) signed a business agreement to manage overseas investment assts with BNY Melon, the world's No. 1 bank in terms of trustee assets, at the NPS headquarters in Jeonju on Jan. 24.NPS selected BNY Mellon as a trustee for overseas bonds in September last year to carry o

Hyundai Motor and Kia Motors have developed the world's first air bag system that considered the combined impact as well as the primary crash.They have supplemented the existing air bag system that recognizes all crashes as independent primary impact in the multi-collision accident. Hyundai Moto

LG Electronics recevied more than 140 awards and honors at CES 2019, led by the Engadget Best of CES Award in the TV category for the fifth consecutive year, a company spokesman said on Jan. 18.The LG Soundbar (model SL9YG) and LG V40 ThinQ smartphone were also honored by the Consumer Technology Ass

Samsung Electronics has been recognized for its environmental leadership credentials in Russia with the Kommersant Initiative Golden Crane award, a company sokesman said on Jan. 18.The award’s jury highly praised Samsung’s environmental initiatives in the field of disposition and recycling of electr

Samsung Electronics exhibited its innovative HVAC solutions at the 2019 International Air-Conditioning, Heating, Refrigerating Exposition (AHR Expo) in Atlanta, Georgia from January 14-16, a company spokesman said.The AHR Expo is the largest event of its kind in the world and about 60,000 people exp