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The US State of Georgia said Tuesday SK Battery America, a production subsidiary of South Korean battery giant SK On, has exceeded its hiring goal two years earlier than the initial schedule to fill jobs at its manufacturing facilities for electric vehicle batteries in the city of Commerce, Jackson...
Volkswagen Korea will issue a recall of more than 67,000 vehicles and has suspended all new car sales due to faulty warning triangles, a car accessory to warn drivers after emergency stops, a move experts here called an unprecedented precautionary measure after the firm's painful “Dieselgate” bac...
Posco Group Chairman Choi Jeong-woo met with Western Australia Premier Mark McGowan on Monday to discuss their cooperation on hydrogen and secondary battery materials businesses, the company said Tuesday. Posco “needs an intimate collaboration with Australia on hydrogen and secondary battery mate...
Daewoo Engineering & Construction has posted an annual operating profit of 760 billion won ($617 million), an all-time high in the company’s history. Daewoo E&C’s operating profit in 2022 was up 2.9 percent from the previous year’s 738.3 billion won, according to a regulatory filing released Tu...
South Korean President Yoon Suk Yeol vowed Tuesday to make good of the United Arab Emirates' $30 billion investment pledge with two new consultative bodies, and called on the public and private sector to come up with mutually beneficial, innovative partnership projects. Stressing that the UAE’s d...
The Korea Exchange unveiled a series of plans on Tuesday to transform the country's trading system in line with global standards, aiming to overcome the undervaluation of the domestic stock market. The bourse operator said it will push to open the derivatives market 15 minutes earlier at 8:45 a.m....
Samsung SDI said Monday it posted record-high earnings in both sales revenue and operating profit last year, largely driven by the surge in sales of value-added battery products. Revenue skyrocketed 48.5 percent to 20.1 trillion won ($16 billion) last year, while its operating profit jumped 9 perc...
In a bid to expedite its foray into the global market and ramp up its sales, South Korean tobacco company KT&G on Monday clinched its first-ever long-term contract with Philip Morris International to supply the global tobacco giant with its products. Under the 15-year sales and purchase agreement,...
Samsung Display has recently filed a complaint against 17 smartphone repair shops in the US over their use of “illegal” panels that it says infringed its highly sophisticated OLED patents, according to industry sources Monday. The display-making unit of Samsung Electronics is a market leader mak...
Korea’s leading bakery franchise Paris Baguette has launched its 100th franchise store in the US, stepping up its overseas business, its operator SPC Group said Monday. Reaching the milestone with the opening of "Paris Baguette Red Bank" in New Jersey, the company aims to introduce 1,000 stores a...
Kolmar Korea, a cosmetics original design manufacturer, is considering building its second manufacturing facility in the US, a company official said Monday. Olyphant, Pennsylvania, is being discussed as the location for the new manufacturing facility, an official from Kolmar Korea said, but plans ...
Demonstrating a sense of responsibility during a job interview will boost one’s chance of getting hired by large companies in Korea, a report from business lobby group Korea Chamber of Commerce and Industry showed Monday. Since 2008, the quinquennial report has been mainly looking into job recrui...
This is the second part of a series on South Korea’s largest investor National Pension Service, analyzing its current status and identifying tasks that lie ahead. -- Ed. South Korea’s public pension fund has been stepping up investments in foreign stocks as it faces mounting pressure to enhance ...
The new factory will facilitate various smart technologies, including artificial intelligence and robots, and will start production in the second half of this year, the company said. LG Innotek injected 413 billion won ($336 million) into the FC-BGA facility and equipment, and it will continue to ...
South Korean battery giant LG Energy Solution’s stocks stood strong on Monday, despite the end of a year-long lock-up period. The company’s shares rose by 0.79 percent to 510,000 won ($415.5) from the last trading day, according to the bourse operator Korea Exchange. The stocks tumbled by 3.16 p...
[Herald Interview] Samsung bets big on cameras to fight Apple
Hyundai gains momentum with high-performance cars
New EU rules picked No. 1 ESG concern this year
LG unveils net-zero goals in first group-wide report
Citibank Korea to arrange syndicated loan for Posco's lithium salt lake project
SK Bioscience expected to log 70% drop in profit as COVID vaccine demand dwindles
Naver to introduce search GPT in first half of year
SNT Dynamics inks automatic transmission deal with Turkey's BMC for tanks