The nominations of four directors chosen by Hahn & Company were voted down by shareholders of Namyang Dairy Products Tuesday.
Hahn & Company sued the chairman of Namyang Dairy Products last week to get him to complete a sale of the company, as promised in May.
Namyang Dairy Products Chairman Hong Won-sik apologizes at a press conference held on May 4 after the company came under fire for a claim that its Bulgaris yogurt drink protects against Covid-19. [JOONGANG PHOTO]
Naver walked away from a consortium trying to acquire eBay Korea.
Eastar Jet will be acquired by Sung Jung, a property developer, according to local media reports on Thursday.
The former chairman of Namyang Dairy Products has sold all his shares in the company following much criticized claims that the Bulgaris yoghurt drink protects against Covid-19.
The Millennium Hilton Seoul, a five-star hotel in central Seoul, will be sold to Igis Asset Management for around a trillion won ($892 million), according to multiple local media reports on Tuesday.
Korean Air Lines shareholders on Wednesday approved a revision to the company's articles of association to allow for an increase in the number of shares issued, a move necessary for the acquisition of Asiana Airlines.
In a move both practical and possibly highly symbolic, Korean Air can now check you through if you are later connecting to an onward Asiana flight.
Korea’s grand plan for a mega flag carrier is hitting more roadblocks, with regulators frontloading scrutiny and already saying that the proposed entity might run afoul of competition law.