Most Popular
-
1
S. Korea, Singapore seal supply chain agreement
-
2
North Korean troops killed, wounded in Ukraine war: Seoul defense minister
-
3
Korean language teaching expert says demand has outstripped supply
-
4
[KH Explains] Samsung chief says he is still ‘hungry’ for foundry growth
-
5
Conscripting women to lead to 'more babies,' claims military think tank
-
6
Who is pollster roiling politics with claims of government string-pulling?
-
7
Taking away phones during school hours not a human rights violation: watchdog
-
8
Kim Jong-un vows to thwart S. Korea-US 'nuclear alliance'
-
9
Korea launches antidumping probe into Chinese steel
-
10
[Grace Kao] Why K-pop lip-syncing doesn’t bother me
-
Typhoon-hit Posco plant comes to complete halt for first time
South Korean steel giant Posco said Wednesday it has suspended operations of its steel manufacturing plant in the southeastern city of Pohang, Gyeongsang Province, due to flooding caused by Typhoon Hinnamnor that passed by the peninsula Tuesday. It is the first time that operations at the Pohang plant has come to a complete standstill since its establishment in 1973. The suspension comes after storms and heavy rains swept the region, causing power outage at key facilities at the plant, in
Sept. 7, 2022
-
GS Group shares new biz plans
GS Group’s executives in charge of tapping new businesses gathered on Wednesday to share where they stand in mergers and acquisitions, business partnerships and venture investments under the conglomerate’s new biz strategy -- “eco-friendly, digital future growth.” The executives shared details such as the technology and business models of the companies they have invested in, and opportunities for collaboration between the firms and GS in areas including biotech, circular
Sept. 7, 2022
-
Eximbank to offer $100m financing to Chilean lithium producer
The Export-Import Bank of Korea said Wednesday it is offering a $100 million funding, consisting of a $55 million loan and a $45 million loan guarantee, to a Chilean mineral producer in efforts to help local companies secure a stable supply of lithium, a key material for batteries. SQM or Sociedad Quimica y Minera de Chile is the second-largest lithium-producing company in the world that operates lithium mines in Chile and Australia. The company’s production capacity makes up almost 19 pe
Sept. 7, 2022
-
LG Innotek gains recognition from GM for 5 consecutive years
LG Innotek was acknowledged for its quality of automotive components provided to General Motors for five consecutive years, the company said Wednesday. The South Korean major electronics parts maker won the 2021 GM Supplier Quality Excellence Award, marking its fifth consecutive win since 2017. The award is given by GM every year to its partners whose supplies meet GM’s standard of zero quality defects. The auto parts go through strict quality control, as they are directly connected to t
Sept. 7, 2022
-
Posco probes links between typhoon, fires at Pohang plant
Multiple fires were reported at Posco’s steel plant in southeastern city of Pohang, Gyeongsang Province, Tuesday morning, but the company said the picture showing dark smoke surrounding its facilities that went viral online was not due to fire but the release of byproduct gas at the plant caused by a power outage. The outage was due to Typhoon Hinnamnor that was passing by the peninsula earlier in the morning, Posco official said, adding that the company is investigating if the typhoon h
Sept. 6, 2022
-
S. Korea, Netherlands discuss semiconductors, nuclear energy cooperation
South Korea's Deputy Trade Minister Jeong Dae-jin on Tuesday asked for the Netherlands' active investment in his country in semiconductors and other major sectors, stressing Seoul's push to ease regulations and expand incentives, the trade ministry said. Jeong made the request during a meeting with the Dutch ambassador to South Korea, Joanne Doornewaard, in Seoul, as the two sides discussed ways on boosting cooperation in chips, nuclear power generation, hydrogen and other promisi
Sept. 6, 2022
-
Samsung Heavy wins W1.16t LNG ship order in Bermuda, Africa
Samsung Heavy Industries Co., the world's third-biggest shipbuilder by order backlog, said Tuesday it has received a 1.16 trillion-won ($850 million) liquefied natural gas (LNG) ship order in Bermuda and Africa. Samsung Heavy obtained four LNG ship orders, two from a shipper in Bermuda and two from an Africa-based shipper, and plans to gradually deliver them by September 2025, the company said in a statement. Bermuda is a self-governing British overseas territory in the western North Atlant
Sept. 6, 2022
-
Super typhoon’s approach puts Korean businesses on high alert
Tensions grew sharply among retail, transport and manufacturing sectors on Monday on fears of the possible disruptions that Typhoon Hinnamnor could cause to their businesses, which are already suffering from a weak local currency and persistent economic uncertainty. The country’s three major mobile carriers -- SK Telecom, KT and LG Uplus -- set up emergency centers to monitor hurricane damage and tackle possible power outrage problems. The three companies mobilized emergency power gener
Sept. 5, 2022
-
Hyundai Motor chief returns from US trip over US EV tax credit
Hyundai Motor Group Executive Chair Chung Euisun returned from a two week US trip where he sought for measures to deal with the latest US tax credit bill that has scrapped subsidies for foreign-made electric vehicles. But market insiders say there isn't room for businesses to resolve the issue and it is a matter that depends heavily on the government’s strategic approach. According to industry experts quoted in local media on Monday, Chung visited New York, Los Angeles, Boston and G
Sept. 5, 2022
-
[From the Scene] Growing crops under solar panels: Korea tests agrivoltaic farm
HAMYANG, South Gyeongsang Province – A week before Chuseok, the sounds of a combine harvester's revving engine echoed in Gi-dong village of Hamyang, some 240 kilometers southeast of Seoul. The sound is not an unfamiliar one at any farm during harvest season around the country, but the scene was different as the machine cut and threshed grains underneath solar panels. Sleek, rectangular panels are placed on poles five meters above the ground at an agrivoltaic demostration complex in the vil
Sept. 5, 2022
-
Hyundai Mobis to promote EV module in US auto show
Hyundai Mobis Co., South Korea's leading auto parts maker, said Monday it will promote its high-end auto parts at a US auto show this month to strengthen its presence in the world's most important automobile market. Hyundai Mobis aims to explore new opportunities to sell its electric complete chassis platform module (eCCPM) for EVs and other high-end auto components to local carmakers at the North American International Auto Show, the company said in a statement. It will also focus on
Sept. 5, 2022
-
SK teams up with Malaysian firm for cooperation in hydrogen, renewables
South Korean energy-to-telecom conglomerate SK Group said Monday it is partnering with a Malaysian clean energy company to explore collaboration in hydrogen, renewable energy and green mobility, as part of efforts to bolster its green energy transition. Its three affiliates -- SK Materials Inc., SK Ecoplant Co. and SK Signet Inc. -- recently signed a memorandum of understanding with Gentari Sdn. Bhd., a subsidiary of Malaysia's state-run oil company Petroliam Nasional Berhad (Petronas), for
Sept. 5, 2022
-
GS Group launches promotion to support Busan Expo bid
South Korea’s retail-to-energy conglomerate GS Group said Sunday that it has launched promotional activities to support South Korea’s bid to host the 2030 Busan World Expo. GS Sports, the sports company operating the football team FC Seoul and GS Caltex Seoul Kixx volleyball team, has opened a special fan event Sunday to promote the country’s Busan Expo bid. FC Seoul installed a booth at Seoul World Cup Stadium where visitors can leave supporting comments and look at brochure
Sept. 4, 2022
-
[Contribution] Korea-Japan partnership more important than ever
The relationship between Korea and Japan has a huge impact on both our economic growth and security. I am confident that it is a propitious time to strengthen the two countries’ bilateral ties. Given the prolonged global supply chain crisis, close cooperation between the two Asian manufacturing powerhouses will benefit companies in both countries and worldwide. For instance, the global semiconductor shortage caused a tumult in the manufacturing and sale of all kinds of produc
Sept. 4, 2022
-
Han Sung Motor collaborates with NFT artist at Kiaf Plus
Kiaf Seoul, the country’s largest art fair that kicked off on Friday, has garnered the most-ever attention this year for bringing Seoul’s version of the top 3 global art fair Frieze to Asia for the first time, as well as giving birth to the new art fair Kiaf Plus – a special art show dedicated to digital art and aspiring young artists. South Korean imported car dealer Han Sung Motor is official sponsor of Kiaf Plus, in which 73 galleries from 11 countries with less than
Sept. 4, 2022
-
Posco President visits Argentina for Korea’s World Expo bid
Steel giant Posco Group’s Representative Director and President Jeong Tak visited the Argentinian government Thursday to ask for the country’s support on South Korea’s bid to host the 2030 Busan Expo, the company said Sunday. Jeong met with Santiago Cafiero, the Argentinian Minister of Foreign Affairs, to promote Busan as the No.1 port city that is most optimized to host a global exhibition. Jang Myung-soo, South Korean Ambassador to Argentina, was also present at the meeting.
Sept. 4, 2022
-
Group files complaint against Starbucks Korea over giveaway bags containing toxic chemicals
A civic group filed a complaint against Starbucks Coffee Korea on Friday in connection with giveaway picnic bags found to contain toxic chemicals. The company came under fire in July after formaldehyde, a carcinogen, was detected in "summer carry bags," which it provided to customers who purchased 17 drinks between May and early July. A Seoul-based nonprofit organization, called the People's Livelihood Countermeasures Committee, said it reported Starbucks Korea CEO Song Ho-seop to
Sept. 2, 2022
-
Experts say hydrogen ecosystem is global task to cooperate
Business leaders and experts gathered in Goyang, Gyeonggi Province on Friday to discuss ways to create a globally connected hydrogen ecosystem amid growing geographical uncertainties stemming from Russia's attack on Ukraine and worsening climate change. Jeong Marn-ki, president and CEO of the Korea Automobile Manufacture Association, called hydrogen a carbon-free alternative to fossil fuels at the International H2 Conference. Hydrogen can prevent such uncertainties in the future, but its commer
Sept. 2, 2022
-
Seoul city pushes for cab fare raise
Seoul’s city council said Friday it has received plans from the city government to raise taxi fares. The draft document, “Proposal for Opinion Hearing on the Taxi Fare Adjustment Plan for Resolving Late-Night Ride Difficulties," outlines the city's proposal to increase basic cab fares from the current 3,800 won ($2.80) for the first 2 kilometers to 4,800 won for 1.6 kilometers. According to the outline of the plan, the basic fare of Seoul cabs would increase 26.3 percent, and
Sept. 2, 2022
-
Daesang to open Polish branch as strategic base for European expansion
South Korean food company Daesang, famous for its Jongga kimchi brand, has launched a branch in Poland as a strategic European base to expand its business in the region. The Polish branch, established in Warsaw, is Daesang's second office in Europe since 1994, when it opened an office in the Netherlands. Daesang said that it has decided to expand its business in Europe amid growing interest in Korean food worldwide. Daesang currently operates in 21 countries including the US, China, Japan, Ind
Sept. 2, 2022