BUSSINESS
November 19, 2024 07:21pm
Posco shuts down wire rod mill in Pohang amid supply glut
South Korea's leading steelmaker, Posco, said Tuesday it shut down a wire rod mill in its factory in the southeastern city of Pohang in an effort...
November 19, 2024 06:22pm
3 die of suffocation at Hyundai Motor’s Ulsan plant
Three researchers died of suffocation during a vehicle testing at Hyundai Motor Company’s car manufacturing plant in Ulsan, some 300 kilometers southe...
November 19, 2024 06:04pm
Hyundai Mobis eyes 40% of orders from global carmakers
Hyundai Mobis, a car parts manufacturing subsidiary of Hyundai Motor Group, has committed to having global automakers account for 40 percent of its cl...
November 19, 2024 05:23pm
Experts dismiss Lotte's liquidity crisis rumors amid stock plunges
Lotte Group's stock plummeted to record lows on rumors of a liquidity crisis, but experts claim these concerns are overstated and emphasize the n...
November 19, 2024 05:20pm
ZYX Technology teams up with Jeonbuk University to foster CAD experts
South Korean design software developer Zyx Technology announced Tuesday that it has signed a memorandum of understanding with Jeonbuk National Univers...
November 19, 2024 03:55pm
Hyundai E&C appoints first CEO born in 1970s, signals generational shift
The appointment of Lee Han-woo, head of Hyundai Engineering & Construction's housing business division, as its new executive vice president and C...
November 19, 2024 03:53pm
Mixed reactions as Korea seeks to lift 52-hour work limit for chipmakers
Amid intensifying competition for chip supremacy, Korean lawmakers are pushing to lift the national cap on working hours to give chipmakers more flexi...
November 19, 2024 03:48pm
Carmakers, battery suppliers vie for leadership in battery management
Battery Management Systems, or BMS, often called the “brain” of an electric vehicle battery, play a crucial role with integrated hardware and software...
November 19, 2024 03:40pm
Korea's space development to hit wall without private sector initiative: report
The private sector should take the initiative in South Korea’s space development, currently led by state-run institutes, and foster the ground equipme...
November 19, 2024 03:39pm
[Contribution] How can Korean chip giants adapt to shifting global landscape?
By Jang Hye-lim The return of President Donald Trump signals a transformative moment for the global semiconductor industry. Geopolitical tensions, t...
November 19, 2024 03:28pm
CJ CheilJedang to divest W6t bio division
South Korean food giant CJ CheilJedang has reportedly decided to sell its industry-leading bio division, which had been a key pillar alongside its foo...
November 19, 2024 03:26pm
Vice foreign minister vows support for Posco Future M’s anode plant
Second Vice Foreign Minister Kang In-sun visited Posco Group’s battery materials subsidiary Posco Future M’s anode manufacturing plant in Sejong, pled...
November 19, 2024 02:49pm
Hanwha Life partners with Stanford HAI for AI technologies
Hanwha Life, a leading Korean insurance company and subsidiary of Hanwha Group, announced Tuesday that its artificial intelligence research unit has b...
November 19, 2024 02:41pm
Daewoong develops drug candidate for oral obesity treatment
Daewoong Pharmaceutical announced Tuesday that it has filed for a domestic patent for a new obesity drug that suppresses appetite and promotes fat bur...