lotte group to shut down restaurant business lotteria in vietnam

Lotte Group to shut down restaurant business Lotteria in Vietnam?

Fast-food restaurant chain Lotteria – a subsidiary of South Korean Lotte Group – could close its Vietnamese franchise due to tepid performance.
korean firms look to invest in auto parts industry in vietnam

Korean firms look to invest in auto parts industry in Vietnam

Many businesses from the Republic of Korea (RoK) are looking to connect and get more information about the Vietnamese market as well as investment policies of the country, especially in auto parts, mechanics, and electronics, said Vu Ba Phu, Director of the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade (MoIT).
korean culture days kick off in central quang nam province

Korean Culture Days kick off in central Quang Nam province

The Korean Culture Days officially kicked off in Hoi An ancient city in the central province of Quang Nam on April 10 night.
lg electronics looking for buyer for smartphone plants

LG Electronics looking for buyer for smartphone plants

South Korean technology giant LG Electronics is shutting down all smartphone plants and is beginning to look for buyers.
hyundai card fails to purchase 50 per cent stake in msbs consumer finance firm fccom

Hyundai Card fails to purchase 50 per cent stake in MSB's consumer finance firm FCCOM

Despite lengthy negotiations, South Korean credit card company Hyundai Card has failed to buy a 50 per cent stake in MSB's Finance Company Limited for Community (FCCOM).
strong bonds with south korean partners for deeper integration

Strong bonds with South Korean partners for deeper integration

Vietnam and South Korean businesses are expected to enjoy more investment opportunities soon and participate in the global supply chains thanks to new deals enabling them to implement investment promotion programmes.
vinacapital gs energy recieves investment certificate for 3 billion lng plant

VinaCapital GS Energy recieves investment certificate for $3 billion LNG plant

VinaCapital GS Energy Pte., Ltd., a joint venture between South Korean GS Energy and VinaCapital on March 21 received the investment certificate to build a $3 billion LNG-to-power complex in Long An province.
s korea e commerce giant coupang raises 42 bn in ny listing

S. Korea e-commerce giant Coupang raises $4.2 bn in NY listing

South Korean e-commerce giant Coupang has raised $4.2 billion in its initial public offering that makes it the biggest listing in the United States so far this year.
korean investors join metro line 5

Korean investors join Metro Line 5

Export-Import Bank of Korea (Kexim Bank) proposed investing in phase 2 of Metro Line 5 under the form of public-private partnership (PPP).
south korean focus on southeast asia perseveres

South Korean focus on Southeast Asia perseveres

Last year has seen significant moves in business activities among South Korean investors in Vietnam, with confidence remaining stable despite the pandemic. Hong Sun, vice chairman of the Korea Chamber of Business in Vietnam, delves into the year’s highlights and key trends for 2021.
starlake sub projects transferred after approval

Starlake sub-projects transferred after approval

The South Korean developer of the Starlake township in Hanoi has succeeded in transferring a range of sub-projects to other investors in order to build up additional facilities.
korean firm expands tire cord plant in vietnam

Korean firm expands tire cord plant in Vietnam

Kolon Industries, an industrial materials producer of the Republic of Korea (RoK), on January 12 said it will expand its tire cord plant in Vietnam to increase exports from the Southeast Asian country, the Yonhap News Agency reported.
samsung electronics forecasts 257percent jump in q4 operating profit

Samsung Electronics forecasts 25.7percent jump in Q4 operating profit

South Korean tech giant Samsung Electronics flagged a jump of more than 25 percent in Q4 operating profit Friday, with working from home under the coronavirus pandemic driving demand for the devices powered by its chips.
lotte corporation to full divest from bibica making the pan group the largest shareholder

Lotte Corporation to full divest from Bibica, making the PAN Group the largest shareholder

After 10 years of lengthy internal competition, South Korean Lotte Corporation will fully divest Bibica (BBC), selling 44.03 per cent or 6.8 million shares and making The PAN Group the largest shareholder in the Vietnamese confectionery maker.
south korean brokerages on the way to dominate the market

South Korean brokerages on the way to dominate the market

After recent merger and acquisition (M&A) deals, South Korea-owned securities firms are expanding their influence on the Vietnamese stock market.