Chaebol

The heir and de facto leader of Samsung group received a presidential pardon on Aug. 12, the latest example of South Korea's long tradition of freeing business leaders convicted of corruption on economic grounds.    

South Korean tech giant Samsung Electronics posted a 58.57 percent rise in first-quarter net profits yesterday, largely driven by steady memory chip demand and brisk smartphone sales.

A new investor is needed at the Bucharest Heavy Machine Works Company Doosan IMGB SA to continue operating, as it is unacceptable for the machinery there hauled away for scrap, Minister-designate of Economy, Energy and Business Environment Virgil Popescu said on Thursday at the end of the hearings in the Parliament's select committees.

This happened a year later compared to the time when they announced how they plan to connect the two cities in such a way.

The Bulgarian importer and representative of a number of world brands in agricultural, building, forestry, golf and garden equipment "Megatron" expands its activities with a new representation office. The trade and service complex will be located in the town of Bulgarovo, near Burgas.

SEOUL, South Korea (AP) — Samsung Electronics plans to spend $22 billion over the next three years on artificial intelligence, auto components and other future businesses as the company maps out its strategy under the restored leadership of Vice Chairman Lee Jae-yong after he was freed from prison.

Some 2,400 swimmers from 50 countries will take part in the 30th Samsung Bosphorus Cross-Continental Swimming Race to be held on July 22.

Abu Dhabi National Oil Company said on March 26 it has awarded two contracts worth $3.5 billion to South Korea's Samsung Engineering to boost output at the largest refinery in the United Arab Emirates.

Hyundai Motor Co is at loggerheads with its Chinese partner over efforts to cut supplier costs, as they grapple with cut-throat competition and the impact of a stand-off between Beijing and Seoul, four people familiar with the dispute said.

In the industrial outskirts of Beijing, a local community in the shadow of a giant Hyundai Motor Co manufacturing complex is feeling the fallout from a fierce diplomatic standoff between China and South Korea.