[NewsSpace=JeongYoung Kim] It has recently been revealed that Koo Kwang-mo, the chairman of LG Group, filed a lawsuit with tax authorities claiming that "part of the inheritance tax is excessive." Before paying approximately KRW 720 billion in inheritance tax for LG shares inherited, he raised an objection through the lawsuit. According to sources from the business community on the 16th, Koo filed a lawsuit with the Seoul Administrative Court to cancel the inheritance tax on his inheritance with his mother, Kim Young-sik, and two younger sisters, Koo Yeon-kyung (CEO of LG Welfare Fo
[NewsSpace=JeongYoung Kim] The three representative luxury brands, Hermès, Louis Vuitton, and Chanel, also known as 'He·Roo·Cha', have reported nearly 4 trillion won ($3.3 billion) in sales in South Korea last year, which is an all-time record high. Adding Christian Dior's sales to this, the combined sales of these four luxury brands in Korea reached around 5 trillion won ($4.2 billion).“ According to the Financial Supervisory Service's electronic disclosure system on April 14th, Louis Vuitton Korea recorded sales of 1.6923 trillion won last year, an
[NewsSpace=JeongYoung Kim] Thanks to the popularization of imported cars and the phenomenon of car inflation, last year, domestic subsidiaries of imported car companies reported record-high performances one after another. However, Tesla Korea was the only company whose sales and operating profits decreased compared to the previous year, and it received a "qualified" opinion from the external auditor due to improper accounting treatment. According to electronic disclosure systems on the 13th, domestic subsidiaries of imported car companies reported record-high performances through au
[NewsSpace=JeongYoung Kim] Amid a sluggish global economy, Samsung and LG have simultaneously released "Shoe Management Appliances" in the 1 million won range to pioneer a new market. Following their success in creating a new market for "Clothing Management Appliances," the two companies have expanded their scope to include shoes. Recently, Samsung introduced the 1.04 million won "Samsung Bespoke Shoe Dryer" and LG released the 1.49 million won "LG Styler Objet Collection Shoe Care," both of which can deodorize, sterilize, and dry up to four pairs of sh
[NewsSpace=JeongYoung Kim] Microsoft founder Bill Gates has revealed that he is currently using Samsung Electronics' Galaxy Z Fold4 and is satisfied with the product. According to the industry on April 13, Bill Gates, chairman of the Bill & Melinda Gates Foundation, wrote on the social networking service LinkedIn on the 11th (local time), "My current phone is a Samsung Galaxy Z Fold 4, which is a far cry from the heavy bricks I used to carry around in the early days of Microsoft." The Galaxy Z Fold4 used by Chairman Gates is known to have been directly gifted by Samsung Elec
[NewsSpace=JeongYoung Kim] Hyundai Motor Group has started building a new domestic car factory in Hwaseong, Gyeonggi Province, on the 11th of April, after a 29-year hiatus of not constructing any new plants in South Korea. The factory will be the first electric vehicle-only factory in the country and the world's first PBV(Purpose Built Vehicle) factory. PBVs refer to vehicles that are tailored to various business needs, such as delivery vans or mobile offices. They are receiving attention as vehicles that can respond to various demands in the era of electric cars. The company plans to inv
[NewsSpace=JeongYoung Kim] With Samsung Electronics leading the way, the KOSPI index rose above 2500 points on April 10th. The KOSPI closed at 2512.08, up 21.67 points (0.87%) from the previous day. This is the first time in 88 trading days since December 1, 2022 (2501.43) that the KOSPI has exceeded 2500 during trading hours, and the first time in about 8 months since August 18, 2022 (2508.05) in terms of closing price. Samsung Electronics' stock price rose for the second consecutive trading day after a 4.3% increase on April 7th. Samsung Electronics closed at 65,700 won, up 1.08% (700 w
[NewsSpace=JeongYoung Kim] Samsung Electronics, the leading company in Korea, has posted an unprecedented "earnings shock" due to the semiconductor downturn. Samsung Electronics' Q1 2023 operating profit was tentatively recorded at KRW 600 billion down 95.75% from the same period last year. It is the first time in 14 years since Q1 2009 that Samsung Electronics' quarterly operating profit has fallen below KRW 1 trillion. According to the preliminary earnings announcements of each company, LG Electronics' operating profit in Q1 this year was KRW 1.4974 trillion. LG Electr
[NewsSpace=JeongYoung kim] Hyundai Heavy Industries and Dong Sung Group, two major conglomerates in South Korea, have reportedly fallen victim to a ransomware attack, according to exclusive report. Ransomware is a combination of ransom and software, and is a type of virus that encrypts a user's computer data and then demands money and valuables in return for normal operation. The security industry analyzes that ransomware attacks have recently been concentrated in the manufacturing industry. Due to the nature of the industry, temporary production stoppages can also cause great damage, and
[NewsSpace=JeongYoung Kim] The safety level of Korean Air, the top airline in South Korea, has been ranked as the lowest among 11 domestic airlines. This evaluation was conducted by the Ministry of Land, Infrastructure and Transport, which conducted a comprehensive assessment of safety levels for large and low-cost carriers (LCCs) in 2022. Despite achieving record-high performance with sales of KRW 13.4 trillion and operating profit of KRW 2.8 trillion in the previous year, Korean Air ranked last in the most critical category of "accidents in the previous year" with a score of 4 out
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UPDATE: 2025년 08월 20일 22시 48분
