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Reporter : Kim Bo-eun
Sun, December 3, 2023 | 04:01
[Reporter's Notebook] Why KT should consider canceling treasury stocks
For years, angry shareholders have been creating a scene at KT's general shareholders' meetings held every March. This is because the telecom company's stock has been on a downward trajectory since May 2013 when it peaked at 41,250 won.
Park Chan-koo resigns as Kumho Petrochemical CEO
Kumho Petrochemical Group Chairman Park Chan-koo stepped down from his position as CEO and board member of the group's core affiliate, Kumho Petrochemical, Tuesday. His resignation is part of the group's transition to a board-centered management system, Kumho said.
SKT, KT, LG going all-out to boost corporate value
Mobile carriers are going all-out to boost their corporate value and cut their heavy dependence on the already-saturated and not-so-lucrative, conventional telecom-centric businesses.
[Reporter's Notebook] Netflix's freeloading should end
Netflix's earnings in Korea spiked last year, as people flocked to online-based home entertainment amid the COVID-19 pandemic.
Samsung heirs take out massive loans to pay inheritance tax
The widow and children of late Samsung Electronics Chairman Lee Kun-hee took out massive loans to pay the first portion of a 12 trillion won ($10.8 billion) inheritance tax, according to industry sources and media reports, Friday. The family plans to pay the tax in six installments over the next five years, the first of which is due April 30.
W400 bil. losses incurred from Austin fab shutdown: Samsung
Samsung Electronics said Thursday that it incurred 400 billion won ($360 million) in losses from the temporary shutdown of its fabrication plant (fab) in Austin, Texas, earlier this year due to freezing weather conditions and power outages there.
Samsung heirs to donate half of Lee Kun-hee's legacy
Heirs of the late Samsung Group Chairman Lee Kun-hee will pay more than 12 trillion won ($10.7 billion) in inheritance taxes, while separately donating one trillion won to support the fight against COVID-19 and research into rare child diseases, the group announced Wednesday. The Lee family, including his wife and three children, also decided to donate around 23,000 works fro...
Samsung says carmakers cannot internalize entire battery technology
Carmakers will need to continue working with battery suppliers for electric vehicles (EV), Samsung SDI said Tuesday, given the “explosive” demand for EV batteries and the time it takes to secure technology and production capacity at a suitably large scale.
LG CNS's new biz as managed cloud service provider
Models promote LG CNS's new integrated cloud management service CloudXper ProOps in this photo provided by the company. The IT service provider said it was launching the new business as a managed service provider, which covers cloud infrastructure, applied systems, security and expert services. Courtesy of LG CNS
Novavax CEO to discuss vaccine supply with Moon
Novavax CEO Stanley Erck is set to meet with President Moon Jae-in Tuesday, to discuss the supply of the U.S. biotech firm's COVID-19 vaccines here. Top executives of the U.S. biotech firm Novavax arrived in Korea on Monday to check on its vaccine production and discuss related issues with its contract manufacturer SK Bioscience and the government.
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