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A court has ordered Namyang Dairy founder and his family members to hand over their controlling stake in the dairy company to local private equity firm (PEF) Hahn & Company as they agreed last year. The Seoul Central District Court ruled against Namyang Chairman Hong Won-sik and his family, Thursday, saying they should honor their stock purchase agreement (SPA) with the PEF, dismissing all their claims.
Rep. Noh Woong-rae of the main opposition Democratic Party of Korea (DPK) seeks to summon CEO David Song of SCK Company, which was formerly Starbucks Coffee Korea, and Kurly CEO Sophie Kim to the National Assembly audit next month as witnesses for the Environment & Labor Committee, the lawmaker's office said, Wednesday. Once the committee members agree to summon them, Song will be questioned about a carcinogen detected in the coffee shop chain's giveaway picnic bags, while Kim will be asked to answer allegations that her company blacklisted some temporary workers at its logistics centers in or...
Minutes after we turned off the main road and into the Tumen Economic Development Zone, we spotted a group of workers weeding along an access road.From afar, all we could make out in the gentle early morning light was that they were women in uniforms, working amid the rows of non-descript low-rise factories like in any other China industrial area. I shot an image of the
The Kia EV9 is on its way here next year, and it appears to have a lot going for it. Here's what to expect.