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 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 03:40pm
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 10:26am
Court again rejects arrest warrant for Qoo10 CEO over massive payment delays
A Seoul court again rejected an arrest warrant for Qoo10 CEO Ku Young-bae on Tuesday on fraud and embezzlement charges related to his e-commerce group...
November 18, 2024 05:49pm
Woori Bank raided over improper loans tied to ex-chairman
South Korean prosecutors raided the headquarters of Woori Bank on Monday as part of an ongoing probe into alleged improper loans linked to family memb...
November 18, 2024 04:59pm
Hana eyes senior services in Hong Kong expansion
Hana Financial Group Chairman Ham Young-joo pledged to enhance wealth management services tailored to senior generations in Hong Kong, emphasizing the...
November 18, 2024 03:33pm
Korea, Mongolia target clean energy, health care in deeper collaboration efforts
Korea and Mongolia took significant steps to deepen their partnership at the third Korea-Mongolia Future Strategy Forum, held Friday in Busan, where e...