Samsung Electronics labor union under the umbrella of the Federation of Korean Trade Unions (FKTU) was officially launched on Nov. 16.Samsung Electronics, which has been advocating "nonunionized management," is currently operating three smaller unions, but it is the first time for workers’ union und

Naver's subsidiary Line (LINE) and Yahoo Japan, the grandson of Softbank, will hold a press conference early this week to announce their management integration, the Yomiuri Shimbun reported on Nov. 16.Although it was originally expected that negotiations on the merger of management will be compl

KEB Hana Bank said on Nov. 13 that it has acquired the status of a foreign strategic investor from the Bank for Investment and Development of Vietnam (BIDV), the No. 1 bank in Vietnam in terms of asset volume and one of the four state-run commercial banks.At the end of October, with the approval of

Phnom Penh Commercial Bank(PPCBank), the grandson of JB Financial Group, will build a next-generation core banking system through Cambodia's first development of its own system, providing digital financing services that are most optimized for the local microfinance market.The system was injected

Samsung SDS hosted the "Techonic 2019" on Nov. 14 at Samsung SDS' Jamsil Campus.Techtonic, which marks its second year, is a developer conference that shares the latest technology and development know-how held by Samsung SDS to expand the developer's ecosystem.At the conference, attended by

The Ministry of Trade, Industry and Energy signed a joint venture agreement (JVA) for the Northeast Asia Oil Hub Ulsan North Port Project at the head office of Korea National Oil Corporation (KNOC) in Ulsan on Nov. 13. The agreement includes detailed discussions among participating companies to crea

Euvipharm, which JW Pharmaceutical acquired to tap the pharmerging market, was officially launched. JW Pharmaceutical announced on Nov. 13 that it has held a New Challenge Day, an event to launch Euvipharm Joint Stock Company (Euvipharm JSC) in Long An Province, Vietnam.The event was attended by som

Daewoo Engineering & Construction (Daewoo E&C) signed an agreement with Saipem of Italy on Oct. 22 to forge strategic partnerships in the global onshore oil & gas sector centered on the LNG business.Through the signing of the agreement, the two companies will provide the best efficiency and value to

McDonald's Korea has agreed to end the dispute with a woman who claims that her child has hemolytic uremic syndrome (HUS) after eating McDonald's hamburgers. McDonald's has decided to provide all the expenses related to children's treatment.McDonald's said on Nov. 12 that the mot

LG Chem has built the nation's largest technology center specializing in petrochemicals in Osan, Gyeonggi Province. LG Chem said on Nov. 11 that it has invested a total of 110 billion won to relocate its technology center, formerly on the site of the Daejeon Institute of Technology, to Osan.The

Celltrion disclosed the results of the first clinical trial stage of Humira biosimilar CT-P17, a treatment of autoimmune disease at the 2019 American College of Rheumatology (ACR) Society held in Atlanta, U.S. on Nov. 10 (local time).CT-P17 is the biosimilar of Humira, the number one blockbuster dru

KB Kookmin Bank President Huh In has been confirmed to serve a second term. According to KB Kookmin Bank on Nov. 8, KB Kookmin Bank held a shareholders' meeting at its headquarters in Yeouido, Seoul the previous day and approved the reappointment of the bank president Huh In as head of the bank.

Woori Financial Group held an event to open the Da Nang branch of Woori Bank in Da Nang, Vietnam, on Nov. 7.The Da Nang branch opened on Oct. 25 after Vietnam Woori Bank acquired the bank's first foreign bank branch license this year from Vietnam's central bank in September. It is all the mo

Seoul Robot High School held a youth cultural festival called "SeoroJe" on Nov. 8. This year's eighth annual festival is not a school-led event, but a participatory festival that brings together student associations, Seoul Robot High School clubs, and Small group meeting all together to showcase

LG Electronics announced today that the Consumer Technology Association (CTA™) recognizes LG Electronics (LG) for innovations in technology and design with 2020 CES® Innovation Awards led by another Best of Innovation Award for LG OLED TV technology.This marks the eighth consecutive year that LG OLE

KCC participated in the global cosmetics raw materials exhibition, called the "In-cosmetics Asia 2019," in Bangkok, Thailand, on Nov. 5, showcasing silicon for high-functioning cosmetics materials and drawing attention from visitors.Under the slogan of "KCC Beauty," which specializes in silicon for

LG Uplus made an announcement on Nov. 7 that it has commercialized world's first 5G wireless network remote optimization technology that can optimize wireless network by adjusting service scope and direction of 5G base station antenna from remote. To this end, it has also developed the Engineeri

Phillip Morris Korea was fined for discharging waste water from its Yangsan plant. The company that used to be acting for the management of the waste water is currently being investigated by the prosecution.According to E-Daily on Nov. 4, Phillip Morris Korea is suspected of discharging waste water

Hanjin Heavy Industries & Construction (HHIC) said on Nov. 6 that it has won an order to build a 5,000-ton multi-purpose very large disaster response vessel from the Korea Marine Environment Management Corporation (KOEM).It is 102 meters long and 20.6 meters wide and has a 5,000-ton capacity. This m

Prosecutors have sought prison terms for executives of Samsung Electronics who were put on trial for leading the collapse of the labor union of Samsung Electronics Service.The prosecution demanded four years in prison for Lee Sang-hoon, chairman of Samsung Electronics' board of directors, and K,