[News Space=Reporter seungwon lee] In 2025, the global chemical industry is facing an increasingly fierce competition between transformation, technological innovation, and eco-friendly future strategies of large corporations amidst a stagnant global economy and the whirlwind of restructuring. According to the "2025 Global Chemical Company Rankings" released in July by C&EN, an affiliate of the American Chemical Society, Korea's LG Chem ranked 7th and Lotte Chemical 24th, placing them among the top 50 global chemical companies. This means they have joined the "top 0.1% club" among thousands
[News Space=Reporter seungwon lee] LG Energy Solution (LG Ensol) officially announced that it has signed a contract to supply lithium iron phosphate (LFP) batteries worth KRW 5.9442 trillion (approximately USD 4.39 billion), the largest single contract in its history. The secondary battery industry and foreign media outlets such as Reuters believe that the actual customer for this massive contract will be Tesla of the United States. The largest single contract ever… contract size and duration The contract is worth 5.9442 trillion won, a staggering 23.2% of LG Ensol's sales last year. The contr
[News Space=Reporter seungwon lee] As Harim Holdings, a leading domestic food company, was levied a large fine for unfair support of affiliates and price fixing, minority shareholders and the Korea Solidarity for Economic Reform have filed a shareholder derivative suit against Chairman Kim Hong-guk. This lawsuit is a representative case in which the CEO is directly held responsible for the company's losses resulting from violations of the law, such as profiteering during the management succession process, the underpricing of Olpum stocks, and the collusion in fresh meat, and is causing conside
[News Space=Reporter seungwon lee] The controversy is spreading as GC Green Cross Medical Foundation, one of the largest contract testing institutions in Korea, caused a major medical accident due to negligence in specimen management. According to an exclusive report by MBN, the institution misdiagnosed a breast cancer diagnostic specimen, resulting in a partial mastectomy on a woman in her 30s who did not have cancer, resulting in significant medical harm. In response, the Ministry of Health and Welfare decided on August 1, 2025, to revoke the certification for one month, following a final de
[News Space=Reporter seungwon lee] Korea's leading tire company, Hankook & Company (formerly Hankook Tire & Technology), has been branded the number one major company for 'late payment' of subcontracting fees for the fourth consecutive time, dealing a serious blow to the credibility of the business community. According to the '2024 Second Half Subcontractor Payment Terms Disclosure Inspection Results' announced by the Fair Trade Commission on July 24, 2025, the Korea & Company Group recorded the highest rate of paying subcontractor payments beyond the statutory payment deadline of
[News Space=Reporter seungwon lee] An unprecedented situation has occurred in which Chairman Jeonggyu Kim of Tire Bank, the number one domestic tire distribution company, and Chairman Hyunbeom Cho of Hankook Tire & Technology, the number one tire manufacturer, were sentenced to three years in prison and detained in court. The mid-sized business of two giant owners representing the Korean tire industry goes beyond simple personal deviations and exposes the problems in the management structure of the Korean tire industry and the true face of systemic risks. Kim Jeong-gyu, Chairman of Tire Ba
[News Space=Reporter seungwon lee] Dining Brands Group's chicken brand bhc is set to make a full-fledged foray into the Philippine market by signing a store opening agreement with SM Supermalls, the largest shopping mall operator in the Philippines, and a master franchise (MF) agreement with Suyen Corporation, a leading retail company in the Philippines. The contract signing ceremony held in Manila, Philippines on July 21st and 22nd was attended by Song Ho-seop, CEO of Dining Brands Group, key executives from Suyen Corporation, a Philippine master franchise (MF) partner, Hans Sy, Chairman of S
[News Space=Reporter seungwon lee] KT&G is setting a record by surpassing its domestic sales as its overseas cigarette sales are expected to exceed 900 billion won in the first half of 2025. This shows that the 'K-cigarette' brand is establishing a strong position in Asia and other emerging markets beyond Korea. Overseas Sales Leading Regions and Market Share Indonesia accounts for the largest portion of KT&G's overseas sales, and the locally launched 'Lil Hybrid' product is driving local demand. The Indonesian cigarette market has traditionally been dominated by filterless cigarettes,
[News Space=Reporter seungwon lee] The landscape of the global biopharmaceutical contract manufacturing organization (CDMO) market is changing. Samsung BioLogics, the leader, is jumping at an unprecedented pace. In the first half of 2025, consolidated sales exceeded KRW 2 trillion for the first time since its establishment, and it achieved double-digit growth year-on-year thanks to the full-scale operation of factories 4 and 5 and expansion of global orders, heralding yet another growth. Report Card for the First Half of 2025: ‘Best Performance’ Since Inception Samsung BioLogics (CEO John Lim)
[News Space=Reporter seungwon lee] Samsung Electronics Chairman Lee Jae-yong has completely escaped the 'judicial risk' that has lasted for 10 years. On July 17, 2025, the 3rd Division of the Supreme Court (Chief Justice Oh Seok-jun) confirmed the original verdict of not guilty for Chairman Lee, who was indicted for the merger of Samsung C&T and Cheil Industries and the fraudulent accounting of Samsung BioLogics. The Supreme Court upheld the not guilty verdicts of the first and second trials, stating that "there was no error in the original judgment that violated the rules of logic and exp
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UPDATE: 2025년 10월 22일 13시 31분
