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Hyundai Mobis Hyundai Mobis is looking to put its most-advanced mobility technology on display. Hyundai Motor will not attend this year’s CES. Hyundai Mobis said it will unveil M Vision TO and HI -- the company’s future concept models of purpose-built vehicle -- to the public for the first time...
The new CEO of Shinhan Bank, one of South Korea's top four lenders by net profit, vowed to put customer-centric service and digital innovation first during his tenure. “Shinhan will manage its soundness through precise data analysis and protect customer value through timely support measures,” sa...
The government on Friday decided to raise the electricity rate in the first quarter of 2023 by 13.1 won per kilowatt hour, the largest on-quarter hike ever carried out. This means that four people household that uses around 307 kilowatt hours will have to pay around 4,022 won more per month on ave...
Online grocery delivery platform Oasis Market passed the preliminary approval for its planned initial public offering on the Korean stock exchange. In September, Oasis Market applied for a preliminary review for its IPO with lead managers Korea Investment & Securities and NH Investment & Securitie...
President Yoon Suk-yeol on Friday ordered ministries to actively consider measures further expanding tax incentives for the semiconductor sector and other national strategic industries. Yoon requested the Ministry of Economy and Finance to come up with ways to further expand tax benefits for natio...
In April, Boryung launched a global challenge in collaboration with US commercial space station developer Axiom Space and advisory firm Starburst to provide commercialization support for technologies to help optimize human health for space travel. The efforts were followed by the company's decisio...
South Korea will look to make the most of the US Inflation Reduction Act for domestic battery and energy companies while trying to prevent drawbacks for the country’s carmakers, Minister of Industry, Trade and Energy Lee Chang-yang said Wednesday. “Regarding the IRA, it’s a situation where we h...
As the end of the year approached, local commercial banks have started accepting voluntary retirement applications from employees. In the past, voluntary retirement has been considered a bitter pill banks had to swallow during times of financial stress. However, over the last few years, many bank...
Samsung Electronics will provide a maximum of 50 percent of their annual salaries as bonuses to the employees of its chip business unit at the end of January, industry sources said Thursday. The world's biggest memory chipmaker has reportedly informed its executives and employees about the detaile...
Korea International Trade Association Chairman Koo Ja-yeol on Thursday vowed to make all-out efforts to support export companies in finding new growth opportunities next year, as industries seek to transition toward a digital and carbon-neutral economy. “We will actively strengthen our export foo...
The inappropriate behavior of senior management and a lack of financial control saw the largest increases among causes of Korean companies' internal control problems in 2022, according to the K SOX Audit Review published by Samjong KPMG, a Seoul-based consulting firm, Wednesday. A total of 46 case...
The Science Ministry pointed out that existing devices with electric skin technology are mostly large and lack flexibility, and that their structures have limitations in responding to numerous joint issues in the human body. The researchers added that current wearable devices face difficulties in ...
South Korea’s largest conglomerate Samsung Group recently held a rare gathering of CEOs of all affiliates in an apparent move to ramp up preparedness for a global economic downturn next year coupled with falling chip prices, unfavorable currency rates and further rate hikes, according to industry ...
South Korean steel giant Posco Group’s year-end executive reshuffle is expected to be delayed to next year, possibly later in January, amid the still ongoing efforts to normalize its typhoon-hit steel mills, industry sources said Wednesday. In September, Posco had to suspend the operation of its ...
South Korea’s first lunar mission Danuri has successfully entered lunar orbit, the Ministry of Science and ICT and the Korea Aerospace Research Institute said Wednesday. With Danuri’s successful entrance into lunar orbit, South Korea has become the seventh country in the world to have capability...
Lotte heir assumes management role amid liquidity concerns
BOK makes surprise 2nd rate cut to boost growth
Samsung, SK hynix in rush to secure chip subsidies in US
S-Oil honors 8 firefighters for lifesaving efforts
Samsung veteran on chips, displays to lead Samsung SDI
KB picks all-around banker to head banking unit