Hanwha Group breaks into Korea's top 5 conglomerates list for first time

Hanwha Group broke into Korea’s top five conglomerates for the first time, overtaking Lotte and Posco due to its defense and energy-focused business restructuring and aggressive acquisitions.

2026-04-30

The AI transformation is changing more than just workflows. It's gatekeeping jobs.

In Korea’s corporate sector, AI is no longer just a tool — it’s reshaping who gets promoted and whether new workers are hired at all as the technology becomes more central to performance from the top down.

2026-04-29

'Beef' season 2 sinks teeth into world of the ultrarich with megastars Youn Yuh-jung and Song Kang-ho

The second season of the Netflix anthology "Beef" (2023-) will bring its characters to the streets of Seoul — the gold-paved ones of the world of conglomerates, with icons Youn Yuh-jung and Song Kang-ho leading the way.

2026-04-07

Samsung chief records largest Q1 stock value increase among Korea's business tycoons

Samsung Electronics Executive Chairman Lee Jae-yong recorded the sharpest gain in his stock assets among major business tycoons in the first quarter of 2026, despite recent losses in the wake of the Middle East conflict, data showed Thursday.

2026-04-02

Bye bye, Asiana: Hanjin to merge airline operations under Korean Air, Jin Air brands in 2026, chairman says

Hanjin Group's Chairman Cho Won-tae announced plans for 2026 to integrate aviation and logistics operations, emphasizing safety and proactive strategies amid global challenges as they aim to enhance their global logistics capabilities.

2026-01-05

Will President Lee's state visit to Beijing revive declining Korea-China economic ties?

As Korean companies have steadily reduced their business footprint in China, attention is turning to whether President Lee Jae Myung’s upcoming state visit to Beijing could help revive bilateral economic cooperation.

2026-01-01

4 out of 10 conglomerates yet to establish investment plans for 2026: Survey

Four out of 10 Korean conglomerates have not yet established their investment plans for 2026 amid growing uncertainties in the business environment, an industry survey showed Monday.

2025-12-08

Samsung Electronics' chairman's son to be commissioned as Navy officer

The son of Lee Jae-yong, the head of Korea's largest conglomerate and the country's second richest man, will be commissioned as a Navy officer following 11 weeks of training in a ceremony at 2 p.m. on Friday.

2025-11-28

Lee to hold post-APEC meeting with conglomerate leaders to plan next steps

President Lee Jae Myung will meet with the heads of Korea’s largest conglomerates at the presidential office on Monday to discuss ways to build on the recent U.S.-Korea trade accord and promote new domestic investment and job growth.

2025-11-07

Voluntary resignations favored over layoffs for corporate restructuring

Voluntary resignations are increasingly replacing layoffs as the standard method of work force restructuring at large companies.