Chairman Lee Jay-hyun of CJ Group. (Photo: CJ Group)CJ Group has been stepping up its moves to conclude more M&As after declaring its “Great CJ Vision,” targeting 100 trillion won in annual sales by 2020. The group will target North America, China and Southeast Asia to take over firms to boost…

AmorePacific Chairman Suh Kyung-bae.AmorePacific opened an art museum at its new headquarters building in Yongsan, Seoul, on May 3. The opening of the AmorePacific Museum of Art takes on significance to AmorePacific Chairman Suh Kyung-bae, who had once dreamed of becoming an art critic.Chairman Suh …

Toray Advanced Materials Korea (TAK) Chairman Lee Young-kwan attends a meeting on the development of Saemangeum in which the Ministry of Land, Infrastructure and Transport (MOLIT) presided over at the Saemangeum Public Relations Center on March 16. (Photo: MOLIT)Toray Advanced Materials Korea (TAK) …

KGC officials explain CheongKwanJang Plus and other products to buyers visiting KGC’s booth at in the 2018 TFWA World Exhibition & Conference that took place in Singapore from May 6 to May 10. The Korea Ginseng Corp. (KGC) participated in the 2018 TFWA World Exhibition & Conference that too…

Hyundai Mobis test-operates its own radar technology, whose development is to be finished soon. (Photo: Hyundai Mobis)Hyundai Mobis, completing its own development of radar technology this year, is accelerating efforts to secure core technologies for self-driving cars, company officials said. The co…

Vice Chairman Park Jin-soo of LChem.LG Chem will invest 240 billion won to establish a joint venture with the world’s No. 1 cobalt refinery. The move is designed to secure a stable supply of cobalt as one of key raw materials for producing EV batteries. Cobalt prices have surged. LG Chem said on Ap…

A view of Kumho Petrochemical’s second energy plant in Yeosu.Kumho Petrochemical shares have shown signs of rising on the back of the company’s better-than-expected 1st quarter business performance. Kumho Petrochemical shares closed at 109,000 won on May 3, up 500 won or 0.64 percent center over t…

A lot of visitors look at smart energy solutions on display at LSIS’s pavilion at an exhibition fair at Hannover Messe, Germany, on April 24. (Photo: LSIS)Despite the strong won, LSIS chalked up its largest-ever 1st quarter operating profit on the back of even growth in all business areas. LSIS log…

Lotte Shopping Co. President Kang Hee-tae unveils a plan to invest 3 trillion won to ramp up the on-line business on May 15. (Photo: Lotte Shopping)Lotte, the nation’s largest distribution juggernaut, has decided to integrate its online shopping malls in order to take a leadership position in the o…