[News Space=Reporter seungwon lee] Korea's leading tire company, Hankook & Company (formerly Hankook Tire & Technology), has been branded the number one major company for 'late payment' of subcontracting fees for the fourth consecutive time, dealing a serious blow to the credibility of the business community. According to the '2024 Second Half Subcontractor Payment Terms Disclosure Inspection Results' announced by the Fair Trade Commission on July 24, 2025, the Korea & Company Group recorded the highest rate of paying subcontractor payments beyond the statutory payment deadline of
[News Space=Reporter seungwon lee] Dining Brands Group's chicken brand bhc is set to make a full-fledged foray into the Philippine market by signing a store opening agreement with SM Supermalls, the largest shopping mall operator in the Philippines, and a master franchise (MF) agreement with Suyen Corporation, a leading retail company in the Philippines. The contract signing ceremony held in Manila, Philippines on July 21st and 22nd was attended by Song Ho-seop, CEO of Dining Brands Group, key executives from Suyen Corporation, a Philippine master franchise (MF) partner, Hans Sy, Chairman of S
[News Space=Reporter seungwon lee] KT&G is setting a record by surpassing its domestic sales as its overseas cigarette sales are expected to exceed 900 billion won in the first half of 2025. This shows that the 'K-cigarette' brand is establishing a strong position in Asia and other emerging markets beyond Korea. Overseas Sales Leading Regions and Market Share Indonesia accounts for the largest portion of KT&G's overseas sales, and the locally launched 'Lil Hybrid' product is driving local demand. The Indonesian cigarette market has traditionally been dominated by filterless cigarettes,
[News Space=Reporter seungwon lee] The landscape of the global biopharmaceutical contract manufacturing organization (CDMO) market is changing. Samsung BioLogics, the leader, is jumping at an unprecedented pace. In the first half of 2025, consolidated sales exceeded KRW 2 trillion for the first time since its establishment, and it achieved double-digit growth year-on-year thanks to the full-scale operation of factories 4 and 5 and expansion of global orders, heralding yet another growth. Report Card for the First Half of 2025: ‘Best Performance’ Since Inception Samsung BioLogics (CEO John Lim)
[News Space=Reporter seungwon lee] Samsung Electronics Chairman Lee Jae-yong has completely escaped the 'judicial risk' that has lasted for 10 years. On July 17, 2025, the 3rd Division of the Supreme Court (Chief Justice Oh Seok-jun) confirmed the original verdict of not guilty for Chairman Lee, who was indicted for the merger of Samsung C&T and Cheil Industries and the fraudulent accounting of Samsung BioLogics. The Supreme Court upheld the not guilty verdicts of the first and second trials, stating that "there was no error in the original judgment that violated the rules of logic and exp
[News Space=Reporter seungwon lee] Recently, at the HY (formerly Korea Yakult) Cheonan factory, a new female employee filed a lawsuit after being repeatedly sexually harassed and assaulted by her direct supervisor and male coworkers. According to a report by Daejeon MBC on the 15th, the victim stated that after asking her supervisor for help with her health issues, she was massaged all over her body under the pretense of a 'massage' and that after a company dinner, she was sexually assaulted in a car while drunk. It was even more shocking when it was revealed that another male employee had als
[News Space=Reporter seungwon lee] "The United States is where Kolmar began 100 years ago. The second factory in the United States is not just a factory, but a starting point for a new vision and cooperation. With the second factory as a base, we will build an innovation ecosystem with various value chain partners and grow it into the largest cosmetics manufacturing hub in North America.” Yoon Sang-hyun, Vice Chairman of Kolmar Group, made these remarks at the completion ceremony for Kolmar USA's second plant held on July 16 (local time), presenting a vision for Kolmar Korea's expansion into t
[News Space=Reporter seungwon lee] The '24th Korea L'Oréal-UNESCO Women in Science Award' ceremony, sponsored by L'Oréal Korea (CEO Samuel Du Retail) and the Korean National Commission for UNESCO (Acting Secretary-General Byung-Soon Yoon) and hosted by the Women's Life Science, Technology, and Innovation Forum (Chairman Eun-Sook Hwang), was held on July 16 at the Sofitel Ambassador Seoul in Jamsil, Seoul. This year's Academic Promotion Award went to Professor Mihee Lim (Director of the Metalloprotein Chemistry Research Group) of the Department of Chemistry, College of Natural Sciences, Korea A
[News Space=Reporter seungwon lee] “Face the crisis and take action immediately.” Lotte Group held an unusual two-day, one-night 'Marathon CEO Meeting' (2025 Second Half VCM, Value Creation Meeting) ahead of the second half of this year, and spread Chairman Shin Dong-bin's urgent message, "Failure is not something to be afraid of, but rather not trying anything," throughout the group. Chairman Shin Dong-bin emphasizes sense of crisis in heavy atmosphere Chairman Shin held a meeting in a solemn atmosphere from July 16 to 17 at the Lotte Human Resources Development Center in Osan, Gyeonggi Provi
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UPDATE: 2025년 08월 01일 10시 55분
