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From top left are GS Group's Hur Suh-hong, Samyang Group's Kim Gun-ho, HD Hyundai Group's Chung Ki-sun, LS Group's Koo Dong-hwi, LX Group's Koo Hyung-mo and Lotte Group's Shin Yoo-yeol

It's promotion season in Korea — and nepo babies are taking charge

As generational shifts occur, younger Korean conglomerate heirs are quickly taking leadership roles, making aggressive investments, and addressing succession challenges as companies adapt to current economic pressures.

2024.11.26

HMM attracts major suitors for $3.9 billion buyout

Three Korean firms — Harim Holdings, Dongwon Group and LX Holdings — and German shipping company Hapag-Lloyd, have expressed an interest in acquiring HMM, Korea's largest shipping company, in a buyout deal worth 5 trillion won ($3.9 billion).

2023.8.22

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From left, LX Holdings CEO Song Chi-ho and LX CEO Kim Jung-ryul sign a memorandum of understanding at LX's Seoul office in Gangnam, southern Seoul, Thursday. [LX HOLDINGS]

LX Holdings and LX agree to end conflict over name

LX Holdings, the LG Corp spinoff, and LX, a public agency under the Ministry of Land, Infrastructure and Transport, have agreed to end their dispute over the name.

2021.5.28

LG Corporation shareholders approve spin-off plan

Shareholders of LG Corporation, the holding firm of LG, approved the company's plan to spin-off multiple affiliates into a new entity on Friday, countering a challenge by a U.S. hedge fund opposing the plan.

2021.3.26

LX threatens to take LX Holdings to court over LX name

While a new holdings unit spinoff from LG Corporation has tentatively been named LX Holdings, conflict with an existing public agency operating under the name LX is growing.

2021.3.23

LG holdings unit spinoff named LX Holdings

A new holdings unit spinoff from LG Corporation has been named LX Holdings ahead of a regular shareholder meeting later this month to finalize the split decision.

2021.3.12