CNBC focuses on Chairman Chung’s spirit of challenge and Hyundai’s trailblazing EVs

NH Securities Vietnam, the Vietnamese unit of NH Investment & Securities, said Tuesday it has launched a mobile trading service called NHSV Pro. The launch of the mobile trading service reflects the Korean brokerage firm's strategy to expand sales and enhance financial IT systems by bolstering the Vietnamese unit's presence in Southeast Asia. Designed to cater specifically to the needs of novice stock investors in Vietnam, the service offers a suite of additional services, includin

Prosecutors on Tuesday requested an arrest warrant for SPC Group CEO Hwang Jae-bok over allegations of pressuring employees to cancel their labor union membership. The Seoul Central District Prosecutors' Office said that it has sought an arrest warrant for Hwang, who has allegedly violated Korean labor law and engaged in bribery of an investigator. Hwang is accused of trying to force some of PB Partners' employees who joined the umbrella Korean Confederation of Trade Unions to quit the

Samyang Round Square said Tuesday it sponsored the opening match of the 2024 Major League Soccer season for the LA Galaxy soccer club, which faced off against Inter Miami CF on Sunday, as part of its efforts to expand into the US market. During the game held at Dignity Health Sports Park, LA Galaxy's home stadium in Carson, California, the food company showcased product advertisements featuring its flagship Buldak products on the scoreboard, while also offering its spicy ramyeon products

South Korea's SPC Group said Monday its bakery chain Paris Baguette launched its first store in Hawaii in a bid to boost global brand awareness. With the addition of the new outlet, Paris Baguette now runs 160 stores in the United States. Strategically situated on Bishop Street, a prime location within Honolulu's bustling business district, the opening is a part of the company's international expansion strategy. "Hawaii is a world famous tourist destination that can play a st

South Korean food giant CJ CheilJedang's cooked rice product line, Hetbahn, achieved record-breaking annual sales of 850.3 billion won ($639 million) in 2023, significantly contributing to the growth in global sales, the firm announced Monday. Based on the firm's report, Hetbahn’s overseas sales last year surged by 21 percent and domestic sales grew by 1.4 percent compared to 2022. In the fourth quarter of 2023 alone, total sales increased by 9 percent on-year. Last year, Hetbahn

Spatial information firm Dabeeo has been chosen to participate in a government pilot project to enhance mapping here. The AI corporation will participate in the "1:1,000 Topographic Map Enhancement" pilot project, which aims at completing more precise and accurate maps across South Korea than the current 1:5,000 maps, Dabeeo said Monday. The pilot project is being conducted by South Korea’s National Geographic Information Institute in Seoul, Jeju Island, Yanggu-gun in Gangwon Pro

Lotte Holdings has launched a health care media platform in Japan in line with its strategic initiative to strengthen its foothold in the health care sector. Initially introduced as part of Lotte Group’s digital marketing efforts in 2020, Lotte transformed the platform into an independent media corporation on Feb. 1, now officially known as Lotte Medi Palette Co., Ltd. The health care platform is fully funded by Lotte Holdings with 100 million Japanese yen ($664,000) and is represented by

Lee Si-woo, formerly co-CEO of Posco alongside Kim Hak-dong, who served as CEO of Posco and vice chairman of Posco Holdings, will now lead the steelmaker on his own. Posco Holdings’ reshuffle released on Wednesday indicates that Kim will step down from his position and moves to the group’s executive adviser. Lee is expected to play a crucial role in guiding Posco through its transition toward carbon neutrality, while enhancing profitability and reinforcing the company's presence

Chinese e-commerce platform AliExpress is in talks with Dongwon F&B to introduce the Korean food company's products on its platform, increasing engagement with Korean brands to expand its presence here. According to industry sources on Wednesday, the Chinese company has been in contact with several food businesses here, including Dongwon F&B, the South Korean food company renowned for its canned tuna products. "At present, Dongwon F&B and AliExpress are in preliminary discu

Mirae Asset Global Investments announced Wednesday that it has named Ryan O'Connor, the former global head of ETF products at Goldman Sachs, as the new CEO of its US-based exchange-traded fund subsidiary, Global X. The latest appointment comes after a thorough selection process within Global X's recent strategic repositioning following its acquisition by Mirae Asset Global Investments in 2018, the company added. Starting on April 8, the new head of Global X will be tasked with enhancin

SPC Group on Monday opened “Workshop by Baskin Robbins,” a creative research lab for the ice cream chain to study next-generation products based on artificial intelligence and other futuristic technologies. Located at the food giant’s headquarters in southern Seoul, the company said, new and more experimental products will be introduced first via the venue to gauge consumer sentiment. (SPC Group)

Several advertisers are facing pressure to cancel their contracts with South Korean soccer star Lee Kang-in, following the 23-year-old’s alleged discord with national soccer team captain Son Heung-min. According to industry officials on Monday, some companies intending to feature the Paris Saint-Germain midfielder in their advertisements are reevaluating their decisions, while others are considering whether to suspend existing contracts. Chicken chain Alachi, which Lee has represented sinc

South Korean food giant CJ CheilJedang's overseas food business outperformed its domestic sales for the first time in the fourth quarter of 2023, driven by the strong performance of its flagship products in the US, Australia and Europe. On Tuesday, CJ CheilJedang reported its consolidated earnings for 2023 with sales of 29.2 trillion won ($21.9 billion) and an operating profit of 1.29 trillion won. Its food business, in particular, posed 11.3 trillion won in sales and 654.6 billion won in oper

  South Korean battery materials producer Posco Future M said Wednesday that it has won the “Industry Mover” title from the S&P Global Corporate Sustainability Assessment (CSA) in recognition of its outstanding environmental, social, and governance efforts. The Korean firm earned 69 points in the annual sustainability assessment, a 33 percent jump from a year ago. Out of over 9,400 companies across 62 industries worldwide, only 41 companies, including Posco Future M, were