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
Kim Jong-un vows to thwart S. Korea-US 'nuclear alliance'
-
8
Taking away phones during school hours not a human rights violation: watchdog
-
9
Korea launches antidumping probe into Chinese steel
-
10
[Grace Kao] Why K-pop lip-syncing doesn’t bother me
-
Only 2 Korean firms listed in top 100 ICT companies worldwide: FKI
South Korea has only two companies on the list of the world’s top 100 information and communications technology firms, despite the country’s self-claimed label as an ICT powerhouse, the Federation of Korean Industries said Tuesday. The KFI used the database from company tracker S&P Capital IQ to rank the global top 100 ICT companies by market capitalization. According to the FKI’s analysis, South Korea’s Samsung Electronics ranked ninth and SK hynix came in at 56th.
July 12, 2022
-
[Contribution] Three requirements for Korea to embrace nuclear power for more sustainable future
The global energy industry is witnessing unprecedented turbulence triggered by supply shocks, inflation and geopolitical issues. In contrast to where we stood a few years ago with the big issues of sustainability, including electrification and decarbonization -- dominating the CEO agenda -- we have now shifted the focus onto diversifying supply security. There have been numerous announcements to pace the speed of energy transition as a way of boosting energy security. For instance, highly devel
July 12, 2022
-
Hanwha Solutions to push for 500 MW solar power project in Germany
Hanwha Solutions Corp., a key energy unit of South Korean conglomerate Hanwha Group, said Tuesday it will work with a German renewable energy firm to push for a 500 megawatt (MW) solar power development project in the European country in a bid to tap deeper into the region with its clean energy business. Hanwha Q Energy, Hanwha Solutions' wholly-owned subsidiary in Germany, will co-develop 38 solar power plant projects, with the size in range of 2-70 MW each, with Enviria Energy, a Frankfur
July 12, 2022
-
Samsung's DRAM sales drop in Q1 for 2nd quarter
Samsung Electronics Co., the world's top memory chip maker, saw its DRAM sales fall in the first three months of the year for a second quarter on weaker prices and other negatives, but the company retained its top spot in the global market, data showed Tuesday. Samsung's DRAM revenue came to $10.34 billion in the January-March period, down $9 million from three months earlier, according to the data from global market researcher Omdia. It marks the second straight quarter of falls. Sams
July 12, 2022
-
[Photo News] 2022 Genesis scottish open
Hyundai Motor Group Executive Chair Chung Euisun (left) and Hyundai Motor Group CEO Chang Jae-hoon (right) pose with 2022 Genesis Scottish Open winner Xander Schauffele (center) at the Renaissance Club in East Lothian, Scotland, on Thursday. Genesis became a new title sponsor of one of Europe’s top-tier Rolex Series tournaments last year and renamed the tournament the Genesis Scottish Open this year. Schauffele finished at 7-under 273, one shot ahead of Kurt Kitayama, taki
July 11, 2022
-
Only 6.3% of Korea’s board members are women: survey
Women occupied only about 6.3 percent of corporate board positions at South Korea’s 353 largest companies in the first quarter this year, according to a survey released by corporate tracker Leaders’ Index on Sunday. The survey shows there are still fewer than a thousand women in executive positions, with 914 among a total of 14,418 board members in the latest survey, even though the female proportion was on the rise for three consecutive years. Samsung Electronics, the nation&rsq
July 10, 2022
-
Sales of green cars surge in S. Korea in H1
The sales of green cars, such as electric and plug-in hybrid vehicles, jumped more than 40 percent in South Korea in the first half of this year from a year earlier, industry data showed Sunday, reflecting the growing popularity of electrified vehicles in the country. The number of green vehicles sold here by five local automakers, including Hyundai and Kia, and imported car sellers excluding Tesla came to 203,721 in the January-June period, up 40.7 percent from the 140,760 posted the previous y
July 10, 2022
-
SKC breaks ground for building Europe’s largest copper foil factory
South Korean chemicals-to-materials firm SKC said Friday that the company has kicked off construction of Europe’s largest copper foil manufacturing factory in Poland. The firm’s copper foil manufacturing and investment unit, SK Nexilis, is spending 900 billion won ($693 million) to establish a copper foil production facility in Stalowa Wola, Poland, that has an annual manufacturing volume of 50,000 metric tons. Construction is expected to be completed by the first half of 2024. The
July 8, 2022
-
LG Chem floats $300m in green bonds
South Korea's leading chemicals maker LG Chem Ltd. said Friday it has issued global green bonds worth $300 million to help bolster the competitiveness of its battery materials business and finance more investments in eco-friendly businesses. The parent company of major battery maker LG Energy Solution Ltd. said the US dollar-denominated bonds carry a fixed interest rate of 4.436 percent. LG Chem said it will fully spend the proceeds from the debt sale in developing materials for electric ve
July 8, 2022
-
S. Korea's SD Biosensor agrees to acquire Meridian Bioscience of US for W2tr
SD Biosensor Inc., a South Korean developer of COVID-19 test kits, said Friday it will acquire US diagnostic kit maker Meridian Bioscience Inc. for about 2 trillion won ($1.53 billion) in an effort to bolster its overseas operations. Through a consortium formed with SJL Partners LLC, a private equity fund, SD Biosensor said it has entered into an agreement with Meridian Bioscience to acquire the Cincinnati, Ohio-based company in an all-cash transaction. SD Biosensor will own about 60 percent of
July 8, 2022
-
Posco International’s Mexico plant begins construction
Posco International said Thursday that the construction of an electric vehicle parts manufacturing plant in Mexico has begun to expand its business in the fast-growing sector, the company said Thursday. Located in Ramos Arizpe in the state of Coahuila in northeastern Mexico, the plant is set to be its first factory in North America. The construction of the plant will be completed within the first half of 2023, it added. The company plans to inject about 160 billion won ($123.2 million) by 2030
July 7, 2022
-
Homeplus sets ‘Return’ as keyword in H1
South Korean discount chain Homeplus said Thursday that it has carried out various marketing efforts by setting “Return” as the keyword that best describes its corporate activities in the first half. “To celebrate us returning to normalcy, Homeplus prepared for the change and made large-scale investments in the first half” a Homeplus official said. Return is also a term meant to encompass the ideals of reduction, tenant, upgrade, response and niche. Each word holds signi
July 7, 2022
-
Korea Exchange to review Kyobo Life's IPO bid
Kyobo Life Insurance Co. on Thursday said the country's bourse operator will begin a preliminary assessment of its initial public offering (IPO). The Korea Exchange (KRX) has said it will launch a panel to review the IPO bid of South Korea's No. 2 life insurer eight months after its filing. Kyobo Life has been pushing to go public since 2018, but opposition from its shareholders has halted the process for years. Kyobo Life Chairman and the largest stakeholder Shin Chang-jae, as well as
July 7, 2022
-
KakaoTalk update on Google Play store suspended for week amid payment link standoff
The latest software update for KakaoTalk, South Korea's most popular mobile messaging app, remained suspended for a week on the Google Play store Thursday, following the refusal by tech giant Kakao Corp. to comply with Google's new in-app payment policy. Google turned down Kakao's submission application for the latest 9.8.6 version of KakaoTalk for Android on Google Play on June 30, citing Kakao's non-compliance with the policy, according to Kakao. The update remained unavail
July 7, 2022
-
Shipper HMM gets ISO certification for workplace health, safety
HMM Co., South Korea's leading container shipper, said Thursday it has obtained a global certification for its efforts to promote workplace safety and workers' health. HMM said it has secured the top certification for its occupational health and safety management system from the International Organization for Standardization (ISO). The certification ISO 45001, the first ISO standard to address the discipline of occupational health and safety, is meant to help prevent workplace hazards
July 7, 2022
-
Samsung Electronics estimates 11.3% rise in Q2 profit on chip biz
Samsung Electronics Co. said Thursday it is likely to report its best second-quarter earnings in four years on the back of solid chip demand. In its earnings guidance, the South Korean tech giant estimated its operating profit at 14 trillion won ($11 billion) for the April-June period, up 11.38 percent from a year ago. Its Q2 operating income estimate is slightly lower than analysts' earnings expectations of 14.5 trillion won in the data compiled by Yonhap Infomax, the financial arm of Yonh
July 7, 2022
-
Kolon Group unveils hydrogen vision under ‘Kolon H2 Platform’
Fashion-to-energy conglomerate Kolon Group said Wednesday that its pick of hydrogen fuel cell energy as the group’s core business for the future will expand under its unique, one-stop service platform for hydrogen business with an aim to become the industry’s major supplier. As part of the “Kolon H2 Platform,” the group plans to expand and renovate the current hydrogen business that involves mass production of polymer electrolyte membranes -- a core material requi
July 6, 2022
-
Industry minister stresses nuclear power use to overcome crisis
South Korea should raise export competitiveness and make full use of nuclear power to tide over the global inflation and energy shock, Industry Minister Lee Chang-yang said Wednesday. “The global inflation and the energy price hike have shocked our economy. As Korea is highly dependent on energy imports, we are fully affected by both,” Lee said in a press conference in Sejong. “We need to do two things. We must raise export competitiveness as much as possible, and make full u
July 6, 2022
-
Hana Bank, Kyung Hee Univ. start philanthropic campaign
Hana Bank, one of the five biggest banks in South Korea, and Kyung Hee University launched a philanthropic campaign Wednesday to ask people to bequeath their fortunes to charity, amid growing awareness of charity pledges leaving behind positive social impact. The bank will help those seeking to put money into philanthropic causes draw up a financial plan in advance while the university will look for potential candidates by offering them programs that show how charitable donations have served th
July 6, 2022
-
Posco Chemical unveils carbon neutrality roadmap
Posco Chemical on Wednesday unveiled a carbon neutrality roadmap for its battery materials business, aiming to meet RE100 standards by around 2035. It aims to replace 100 percent of the electricity it uses for producing cathode and anode materials with eco-friendly sources. But the company said that does not mean that it will join the RE100 club by 2035. The Korean firm aims to complete its energy goal by transforming its current carbon capture, which is a use-and-storage process, by ad
July 6, 2022