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Samsung Vice Chairman facing key tests following pardon

After being granted a special presidential pardon, Samsung Electronics Vice Chairman Lee Jae-yong now faces critical tests of weathering unfavorable market conditions and spearheading anticipated deal-making...

2022-08-12

Samsung Electronics Vice Chairman Lee Jae-yong granted special presidential pardon

President Yoon Suk-yeol granted pardons to Samsung Electronics Vice Chairman Lee Jae-yong and Lotte Group Chairman Shin Dong-bin, Justice Minister Han Dong-hoon announced Friday.

2022-08-12

Lotte Card up for sale with three possible suitors

Lotte Card, Korea's fifth largest card company, is up for sale for around three trillion won ($2.3 billion), according to local media reports on Wednesday.

2022-08-11

Deliciously cheap

An employee displays a container of fried chicken at a discount mart in Seoul on Wednesday.

2022-08-10

Definition of 'relatives' changes as FTC gets out of the way

What constitutes a relative matters when the anti-trust agency investigates related-party transactions.

2022-08-10

Politicians excluded from Yoon Suk-yeol's first pardons

Former President Lee Myung-bak and former South Gyeongsang Gov. Kim Kyoung-soo are not expected to be pardoned by President Yoon Suk-yeol on Liberation Day next Monday.

2022-08-10

Busan for World Expo 2030

Children watch an underwater performance that shows support for Busan to host World Expo 2030 at the Lotte World Aquarium in Songpa District, southern Seoul on Monday.

2022-08-08

Lotte Shopping reports 45.5 billion won second quarter net

Lotte Shopping logged a net profit of 45.5 billion won ($35.1 million) in the second quarter, compared to a net loss of 34.5 billion won in the same quarter the previous year due to customers returning to its branches.

2022-08-05

Malaysia’s state energy company, 6 Korean companies establish carbon value chain

Samsung Engineering and five other Korean companies signed a memorandum of understanding with Malaysia’s state energy company to establish a carbon value chain between the two countries, the companies said Wednesday.

2022-08-03

Dan Straily rejoins Lotte Giants to replace Glenn Sparkman

The Lotte Giants on Tuesday announced the return of former ace Dan Straily for $400,000 after waiving Glenn Sparkman on Sunday.

2022-08-03

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