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As generational shifts occur, younger Korean conglomerate heirs are quickly taking leadership roles, making aggressive investments, and addressing succession challenges as companies adapt to current economic pressures.
Three Korean firms — Harim Holdings, Dongwon Group and LX Holdings — and German shipping company Hapag-Lloyd, have expressed an interest in acquiring HMM, Korea's largest shipping company, in a buyout deal worth 5 trillion won ($3.9 billion).
Multiple corporate groups from the shipping, trading and food industries have been picked as prospective investors for a $3.9-billion controlling stake in Korea's largest shipping company HMM, after receiving an Investment Memorandum.
Korean airlines and logistics companies obtained international certification for the air transportation of lithium batteries primarily used in electric vehicles (EVs) to bolster their footing in the cargo segment.
LG Electronics is providing free laundry services for the people in the earthquake-devastated regions of Turkey.
LX Holdings, the LG Corp spinoff, and LX, a public agency under the Ministry of Land, Infrastructure and Transport, have agreed to end their dispute over the name.
Shareholders of LG Corporation, the holding firm of LG, approved the company's plan to spin-off multiple affiliates into a new entity on Friday, countering a challenge by a U.S. hedge fund opposing the plan.
While a new holdings unit spinoff from LG Corporation has tentatively been named LX Holdings, conflict with an existing public agency operating under the name LX is growing.
A new holdings unit spinoff from LG Corporation has been named LX Holdings ahead of a regular shareholder meeting later this month to finalize the split decision.
Imagine seeing a 3-D model of Jeonju, North Jeolla, from a bird’s eye view.
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