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Tue, September 26, 2023 | 14:03
Long legal fight likely to dog Lotte
The succession feud at Lotte Group is expected to take a turn for worse as Shin Dong-joo, the eldest son of group founder Shin Kyuk-ho, is set to launch counterattacks against his younger brother Dong-bin, who appears to have seized control of the group’s operations both in Korea and Japan.
Coffee shops up, bars down
Cafes selling coffee or fruit-based beverages have shown the steepest growth in recent years, riding high on Koreans’ growing appetite for freshly brewed, premium coffee, according to a report, Friday.
Lee Boo-jin's husband opposes divorce
Im Woo-jae, the son-in-law of Samsung Electronics Chairman Lee Kun-hee, is opposing a divorce filed by his wife Lee Boo-jin, a new twist in the high-profile case that has been attracting keen public attention.
Hyundai Heavy to get huge ship orders
Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, will likely secure multiple orders for liquefied natural gas (LNG) carriers from a Monaco-based shipping firm, according to the company and industry sources, Friday.
Minister urges Lotte Group to improve governance structure
The country’s top economic policymaker issued a warning to Lotte Group, Thursday, saying that unless it improves its opaque corporate governance structure, the government will take “appropriate” actions.
Korea lags behind peers in drawing foreign investment
Korea is lagging far behind its competitors in attracting foreign investment due to excessive regulations and insufficient administrative support, making Asia’s fourth-largest economy an increasingly unfavorable place in which to do business, according to a private think tank, Thursday.
Succession war weighs on Lotte's business
The escalating Lotte succession war is beginning to bite into its businesses as the crippled fifth-largest conglomerate is increasingly unable to make timely decisions with its top managers obsessed with securing managerial control.
KR to reconnect Seoul-Wonsan Line
The Korea Rail Network Authority (KR), the state-run railway builder and maintenance manager, is set to restore a section of a disconnected inter-Korean railroad near the Demilitarized Zone, a project that will ultimately lead to connecting the country’s railways with those of China and Russia.
Airline shares soar on plunging oil prices
Shares of Korean Air, Asiana Airlines and budget carriers are soaring on plunging oil prices, which make it cheaper for airlines to operate their planes.
Lotte chief vows to hold onto job
Shin Dong-bin, the youngest son of Lotte Group founder Shin Kyuk-ho, made it clear Monday he will hold onto the group’s operations both in Korea and Japan. Upon returning from Japan, he issued an apology for the family feud engulfing the nation’s fifth-largest conglomerate and pledged to resolve the row with his father and elder brother Dong-joo over managerial control of the...