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  • Companies

    Surging SK shares complicate owner's property division suit

    The high-stakes property division suit between SK Group Chairman Chey Tae-won and his former wife Roh Soh-yeong are heading into a critical juncture, as a dramatic surge in SK Inc.'s stock price has introduced fresh legal complications over how marital assets should be valued and divided. The Seoul High Court is scheduled to hold a second mediation session on Monday in the retrial of the property division case, which was remanded by the Supreme Court last year. Both sides are widely expected to appear in person — their first face-to-face courtroom encounter in roughly two years and two months since the final appellate hearing in April 2024. At the heart of the dispute is the stock value of SK Inc., the holding company of SK Group. When the appellate court closed arguments in April 2024, shares were traded at around 160,000 won ($105). They have since surged to approximately 600,000 won, driven by mounting expectations surrounding the expansion of the group's artificial intelligence (AI) ecosystem and the strong rally of its cash-cow chipmaker, SK hynix. The timing question is now lega

    2 MIN READBy Lee Min-hyung
    Surging SK shares complicate owner's property division suit
  • Companies

    Airlines on high alert over strengthening dollar, prolonged oil price hike

    2 MIN READBy Lee Min-hyung
    Airlines on high alert over strengthening dollar, prolonged oil price hike
  • Companies

    SK Plasma builds plant in Turkey to boost drug self-sufficiency

    1 MIN READBy Lee Kyung-min
    SK Plasma builds plant in Turkey to boost drug self-sufficiency
  • Companies

    LG Energy Solution courts battery experts in Chicago

    2 MIN READBy Nam Hyun-woo
    LG Energy Solution courts battery experts in Chicago
  • Companies

    Shinsegae to provide historical awareness training after Starbucks promotion backlash

    1 MIN READBy Yonhap
    Shinsegae to provide historical awareness training after Starbucks promotion backlash
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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

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Companies

Despite scrapping Bobcat merger, questions linger on Doosan's restructuring

Doosan Group withdrew its controversial plan to merge construction equipment firm Doosan Bobcat into money-losing Doosan Robotics upon strong opposition from retail investors and warnings from authorities, but questions still remain over the group’s ongoing efforts to restructure its governance of units.

Aug 30, 2024By Nam Hyun-woo
Despite scrapping Bobcat merger, questions linger on Doosan's restructuring
  • Doosan Enerbility's Bobcat spin-off plan faces growing opposition
Companies

All international flights to use sustainable fuel from 2027

Starting in 2027, the government will require all airlines in the country to use sustainable aviation fuel (SAF), as part of efforts to significantly reduce carbon emissions, according to the Ministry of Trade, Industry and Energy and the Ministry of Land, Infrastructure and Transport, Friday.

Aug 30, 2024By Ko Dong-hwan
All international flights to use sustainable fuel from 2027
Companies

Partnership for pandemic preparedness

Leaders of the Coalition for Epidemic Preparedness Innovations (CEPI), SK Bioscience and the Korea Disease Control and Prevention Agency (KDCA) pose during a "Partnership for Pandemic Preparedness" reception co-hosted by CEPI and SK Bioscience in Yeouido, Seoul, Thursday. From left are Ministry of Health and Welfare Director General Jung Eun-young, Rep. Kim Yoon of the Democratic Party of Korea, CEPI CEO Richard Hatchett, CEPI Board Chair Jane Halton, SK Bioscience CEO Ahn Jae-yong, KDCA Commissioner Jee Young-mee and International Vaccine Institute Director General Jerome Kim. Courtesy of SK Bioscience

Aug 30, 2024By Nam Hyun-woo
Partnership for pandemic preparedness
Banking & Finance

New hiring at banks narrows down to half

The country’s four largest commercial banks — KB Kookmin, Shinhan, Hana and Woori — cut down the number of new jobs by nearly half from a year earlier in the first six months of 2024, data showed, Friday.

Aug 30, 2024By Yi Whan-woo
New hiring at banks narrows down to half
Companies

Dongwon F&B continues Chuseok gift rollout with 40-year knowhow

Dongwon F&B has released this year’s Chuseok giftset lineup as one of the country’s biggest holidays is almost two weeks away.

Aug 30, 2024By Ko Dong-hwan
Dongwon F&B continues Chuseok gift rollout with 40-year knowhow
Companies

LG to buy $376 mil. worth of shares in 2 affiliates

LG Corp. said Thursday it will buy a combined 500 billion won ($375.9 million) worth of stake in its home appliances and chemical units from November as part of efforts to increase their corporate value.

Aug 29, 2024By Yonhap
LG to buy $376 mil. worth of shares in 2 affiliates
Companies

Samsung, labor union likely to resume wage talks in early October

Samsung Electronics and its labor union are likely to resume their talks over a wage increase and others in early October at the earliest, industry sources said Thursday.

Aug 29, 2024By Yonhap
Samsung, labor union likely to resume wage talks in early October
Companies

Doosan scraps controversial merger plan

Doosan decided to withdraw its controversial plan to delist Doosan Bobcat and merge the profitable construction equipment maker with the struggling robotics firm, Doosan Robotics.

Aug 29, 2024By Park Jae-hyuk
Doosan scraps controversial merger plan
Banking & Finance

Kbank's IPO push gains momentum from record H1 earnings

Securities companies and industry experts are expressing optimism that Kbank, which achieved record-breaking earnings in the first half of this year, will successfully complete its second attempt to list on the country’s main KOSPI exchange.

Aug 29, 2024By Jun Ji-hye
Kbank's IPO push gains momentum from record H1 earnings
  • K bank names digital expert as new CEO
  • Partnership between K bank and Kiwoom Securities
  • Kbank’s second IPO push hits unexpected snags
Companies

Riders turn backs on delivery platforms' fee hikes

Food delivery drivers are voicing their discontent as operators of major online food ordering platforms plan to raise delivery fees charged to restaurants.

Aug 29, 2024By Ko Dong-hwan
Riders turn backs on delivery platforms' fee hikes
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