Tag: conglomerate

conglomerate

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Financial Supervisory Service building in Yeongdeungpo District, western Seoul [YONHAP]

FSS designates 42 conglomerates as heavily indebted, with Samsung Electronics topping list

Korea's financial watchdog said on Tuesday that it has placed 42 highly indebted conglomerates under closer watch regarding their debt reduction efforts, with Samsung Electronics topping the list for the first time in eight years.

2026.5.26

Hanwha Group's headquarters in Jung District, central Seoul [JOONGANG ILBO]

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.

2026.4.30

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Commuters head to work in Seoul. [JOONGANG ILBO]

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.

2026.4.29

Youn Yuh-jung as Chairwoman Park, center, in the second season of the Netflix series ″Beef″ (2023-), set to premiere on April 16 [NETFLIX]

'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.

2026.4.7

Samsung Electronics Executive Chairman Lee Jae-yong arrives at the Seoul Gimpo Business Aviation Center in western Seoul on March 13 after a business trip to Europe. [YONHAP]

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.

2026.4.2

Walter Cho, chairman of Hanjin Group, speaks at the group’s 80th anniversary event at the Grand Hyatt Seoul in central Seoul, on Oct. 23, 2025. [KIM KYOUNG-ROK]

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.

2026.1.5

President Lee Jae Myung, right, speaks with Chinese President Xi Jinping during the gala dinner of the 2025 Asia-Pacific Economic Cooperation Leaders’ Meeting at the Lahan Select Hotel in Gyeongju, North Gyeongsang, on Oct. 31. [YONHAP]

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.

2026.1.1

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.

2025.12.8

Lee Ji-ho, the son of Samsung Electronics Executive Chairman Lee Jae-yong, salutes during the entrance ceremony for the Navy’s 139th class of officer candidates at the Naval Academy in Changwon, South Gyeongsang, on Sept. 23. [YONHAP]

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

President Lee Jae Myung, right, greets Samsung Electronics Executive Chairman Lee Jae-yong during a meeting with Nvidia CEO Jensen Huang, not pictured in this photo, at the Hwabaek International Convention Center, the venue for the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, North Gyeongsang, on Oct. 31. [YONHAP]

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.

2025.11.7