BUSSINESS
November 21, 2024 05:10pm
Mercedes-Benz Korea helps startups expand globally
Mercedes-Benz Korea announced Thursday that it invited nine promising Korean startups to its headquarters in Stuttgart, Germany, earlier this month as...
November 21, 2024 03:07pm
CJ CheilJedang to spur overseas growth with new Hungary, US plants
South Korean food company CJ CheilJedang announced Thursday it plans to build new production facilities in Hungary and the US as part of efforts to ex...
November 20, 2024 02:31pm
Coway unveils winter-ready home appliances
South Korean home appliance maker Coway has introduced new products designed to improve indoor air quality and provide personal comfort during the win...
November 20, 2024 02:29pm
Posco shuts down wire rod mill on oversupply concerns
South Korean steel giant Posco Group said Wednesday that it will shut down a wire rod mill at its steelworks in Pohang, North Gyeongsang Province, cit...
November 20, 2024 02:29pm
Samsung Biologics hits W5tr in annual orders
Samsung Biologics said Wednesday that its cumulative orders this year have exceeded 5 trillion won ($3.59 billion), driven by consecutive large-scale ...
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...
November 18, 2024 05:23pm
Korea Zinc buyout could jeopardize high-tech supply chains: sources
Young Poong’s bid to buy Korea Zinc has been met with concerns that the takeover of the world’s largest zinc smelter could erode its position in the g...
November 17, 2024 03:20pm
LG Chem promotes fair trade practices
LG Chem is ramping up efforts to strengthen ties with partner companies through a series of new initiatives to promote sustainable development across ...
November 15, 2024 04:23pm
Hyundai Motor appoints 1st foreign CEO
Hyundai Motor Group appointed Jose Munoz, global chief operating officer at Hyundai Motor Co., as the next CEO of the auto brand on Friday, marking th...
November 15, 2024 03:05pm
Hanwha chief appointed to lead defense affiliate
Hanwha Group Chairman Kim Seung-youn has taken a top position at the conglomerate’s main defense affiliate, Hanwha Aerospace, to ramp up the firm’s gl...
November 14, 2024 09:17pm
Samsung Electronics, labor union reach preliminary deal in wage talks
Samsung Electronics and its largest labor union reached a preliminary agreement on a 5.1 percent pay increase Thursday, officials said, paving the way for ending stalled wage negotiations that have involved ...
November 14, 2024 03:07pm
HD Hyundai vice chairman promoted in CEO reshuffle
HD Hyundai announced new nominees to head its affiliates on Thursday as the Korean shipbuilding conglomerate aims to cope with changes in the global b...
November 14, 2024 02:33pm
LG Energy Solution to supply ESS for US Terra-Gen
LG Energy Solution has secured a contract to supply up to 8 gigawatt-hour energy storage systems to US renewable energy firm Terra-Gen, the Korean bat...
November 13, 2024 02:00pm
Amorepacific unveils bold growth goals
South Korean cosmetics giant Amorepacific has unveiled its new global business strategy, aiming to strengthen its position as a leader in the beauty i...