Korea Joongang Daily
Korea JoongAng Daily

4 out of 10 conglomerates yet to establish investment plans for 2026: Survey

Four out of 10 Korean conglomerates have not yet established their investment plans for 2026 amid growing uncertainties in the business environment, an industry survey showed Monday.

2025-12-08

Samsung Electronics' chairman's son to be commissioned as Navy officer

The son of Lee Jae-yong, the head of Korea's largest conglomerate and the country's second richest man, will be commissioned as a Navy officer following 11 weeks of training in a ceremony at 2 p.m. on Friday.

2025-11-28

Lee to hold post-APEC meeting with conglomerate leaders to plan next steps

President Lee Jae Myung will meet with the heads of Korea’s largest conglomerates at the presidential office on Monday to discuss ways to build on the recent U.S.-Korea trade accord and promote new domestic investment and job growth.

2025-11-07

Voluntary resignations favored over layoffs for corporate restructuring

Voluntary resignations are increasingly replacing layoffs as the standard method of work force restructuring at large companies.

2025-11-07

Lutnick-hosted meeting with Korea, U.S. business leaders may turn tide in trade negotiations

Korean and U.S. business leaders will meet in Gyeongju, North Gyeongsang, on Wednesday, hours after a bilateral summit between the two countries’ presidents to discuss expanding economic cooperation in sectors from artificial intelligence to energy.

2025-10-29

Korean firms' lobbying expenses soar with rising U.S. investments

Major Korean companies more than doubled their lobbying expenditures in the United States over the past five years, an increase attributed to preparations for the Donald Trump administration.

2025-10-01

Korean conglomerates accelerate year-end reshuffles amid economic uncertainty

Korean conglomerates are hurrying their typical year-end executive reshuffle to address the growing economic uncertainties that Korea faces amid ongoing tariff negotiations and changes in the trade world.

2025-09-30

Samsung plans to hire 60,000 employees over the next five years

Samsung said Thursday that it will hire 60,000 new employees over the next five years — 12,000 annually — as part of a push to strengthen future growth businesses and create jobs for young people.

2025-09-18

Hyundai founding family recognized by Automotive News for industry contribution

The founding family of Hyundai Motor Group has been selected by the U.S. publication Automotive News as a recipient of its Centennial Award for its contribution to the advancement of the global auto industry, according to the group Monday.

2025-08-18

Some conglomerates pay out dividends to owner family through unlisted firms despite sluggish performance

Some family members of Korean conglomerates have received large dividends from unlisted affiliates despite broader economic slowdown driven by political instability and concerns over U.S. tariffs, financial data showed Sunday.

2025-07-13