Wal-Mart, Tesco, Ren Ren Le to be likely bidders: sourceThree well-known global companies have been taking part in the bid for E-Mart’s Chinese operations, according to a U.K.-based company specializing in information on M&As.Mergermarket, an independent mergers and acquisitions intelligence service, told The Korea Herald that Wal-Mart, Tesco and Ren Ren Le are most likely in line to take over E-M

Telecom giant forms international taskforce on global Wi-Fi roaming serviceKT Corp., the country’s biggest fixed-line service operator, is casting an eye toward global markets on the strength of its innovative technologies.Pyo Hyun-myung, president of the mobile business unit at KT, said the company is not merely looking to do business in other countries by buying shares of overseas firms, but als

Company banking on early 4G network provision along with November launch of LTE serviceKT Corp. said Monday it was aiming to meet the fast-rising demand for wireless data usage by equipping itself with fourth generation wireless broadband and Long Term Evolution technologies.The country’s biggest fixed-line service operator said it would begin servicing the nation’s capital with its 4G LTE network

Online game publishing companies Nexon and CJ Entertainment and Media agreed Tuesday to jointly publish the popular Sudden Attack from July 11.People will be able to access the free-to-play first person shooter game on both CJ E&M’s Netmarble and Nexon’s platforms until July 10, 2013, officials at Nexon said.The agreement was signed after debate was sparked on May 30 when CJ E&M began publicizing

CEO Son says company will help renewable energy industry through Internet technologyMasayoshi Son, chairman of Softbank Corp., said Monday that the company aims to be listed as one of the world’s top 10 firms in market capitalization in the next 30 years.In a press conference held in downtown Seoul, the 53-year-old chief executive officer said the firms belonging to the top 10 list have changed ra

Lotte opens store in Tianjin; E-Mart looking to sell outletsLotte Shopping will open its first wholly invested department store on Friday in Tianjin, China, company officials said Thursday.The country’s top retail giant said the store in Tianjin will be the third establishment built overseas, but the first operated “Korean style.”The department store, located in one of the largest cities in China,