SEOUL, May 14 (Korea Bizwire) — LG Electronics is strengthening its global brand identity through a series of community and environmental initiatives under its signature slogan, “Life’s Good,” aiming to amplify its social impact and promote sustainable values. According to the company on Wednesday, LG’s U.S. division recently installed more than 150 hand-built birdhouses in both [...]
SEOUL, May 13 (Korea Bizwire) — Kia Corp. said Tuesday it has unveiled the PV5 wheelchair-accessible vehicle (WAV) at the Future of the Car Summit in London, highlighting the company’s efforts to promote inclusive mobility. Showcased at the automotive industry event hosted by the Financial Times, the PV5 WAV is designed to enhance freedom of [...]
SEOUL, May 12 (Korea Bizwire) — Renowned South Korean conductor Chung Myung-whun was appointed Monday as the new music director of Italy’s Teatro alla Scala, news reports said. Chung, 72, is the first Asian to assume the role at the famed opera house, based in Milan, the Associated Press reported. Chung will succeed Riccardo Chailly [...]
SEOUL, May 12 (Korea Bizwire) — Pulmuone Co., a South Korean food company, unveiled a new management vision Monday aimed at transforming itself into a global sustainable food manufacturer. Pulmuone Chief Executive Officer (CEO) Lee Woo-bong announced the initiative during a ceremony marking the company’s 41st anniversary at its headquarters in Seoul, focusing on the [...]
SEOUL, May 9 (Korea Bizwire) — Korean Air Lines Co., South Korea’s leading air carrier, said Friday it will acquire a 10 percent stake in WestJet, Canada’s second-largest airline, in a bid to strengthen its presence in the North American market. The South Korean airline’s board approved the US$220 million deal earlier in the day, [...]
SEOUL, May 8 (Korea Bizwire) — Netmarble Corp., a South Korean game developer, said Thursday it swung to a net profit in the first quarter on the successful launch of its new title, RF Online Next, and steady sales of its webtoon-based game Solo Leveling: ARISE. Netmarble’s net profit for the January-March period totaled 80.2 [...]
SEOUL, May 8 (Korea Bizwire) — South Korean media giant JoongAng Group and retail conglomerate Lotte Group signed an agreement Thursday to merge their respective affiliates that operate Megabox and Lotte Cinema — the country’s third- and second-largest movie theater chains. JoongAng Group announced that it signed a memorandum of understanding (MOU) with Lotte Group [...]
SEOUL, May 8 (Korea Bizwire) — Korea Zinc Co., the world’s biggest refined zinc smelter, said Thursday that it plans to cancel over 2 million of its own shares valued at 1.82 trillion won (US$1.29 billion) this year to boost share value. The retirement of the 2.04 million treasury shares represents 9.85 percent of its [...]
SEOUL, May 8 (Korea Bizwire) — A new study has raised concerns about the limited diversity and expertise of outside directors at South Korean listed companies, warning that their heavy concentration in academia and the public sector may be undermining corporate governance compared to global standards. According to a report released Tuesday by the Korea Chamber [...]
SEOUL, May 5 (Korea Bizwire) — CJ ENM, South Korea’s leading media and entertainment company, said Monday it has signed a partnership with Amazon Prime Video to supply its original drama series through the global streaming platform. The two companies signed the strategic deal on May 3 (local time) during the World Audio Visual and [...]