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LG Chem said on June 13 it will establish an electric vehicle battery joint venture with Geely Automobile Holdings in China in a push to tap deeper into the neighboring country’s fast-growing EV market. Under their agreement signed in Ningbo, Zhejiang province, China, LG Chem and Geely agreed ...
South Korea’s increasingly stringent environmental regulations are hobbling its steel industry, already beset by falling sales and rising raw material prices. Last week, three regional governments representing South Chungcheong Province, North Gyeongsang Province and South Jeolla Province insiste...
South Korea’s tech giants including Samsung Electronics and SK hynix are increasingly on edge over the ongoing economic brinkmanship between the United States and China, in light of a reported warning from Beijing not to cooperate with the Trump administration’s China ban, according to indust...
The value of Big Hit Entertainment, the agency of the global K-pop sensation BTS, is estimated to be more than $1 billion, a local researcher said on June 6. According to a report released by the Hyundai Research Institute, the value of the agency is estimated at between $1.1 billion to $2 bill...
South Korea’s activist fund Korea Corporate Governance Improvement is likely to take legal action on the possible irregularities in Hanjin KAL ’s succession process. KCGI seeks to nominate an inspector to look into whether heir apparent Cho Won-tae was nominated as chairman of Hanjin Group “i...
Corporate sales and profit growth slowed last year in the face of the decelerating export growth, while corporate financial health improved on reduced borrowing, central bank data showed on June 4. In 2018, sales of nonfinancial companies here rose 4.2 percent, slowing from a 9.9 percent on-yea...
An annual meeting of the world’s largest organization for air carriers kicked off June 2 for the first time in Seoul, bringing some 1,000 market leaders from 290 air carriers together to discuss the future of air transport under the theme “The Vision for the Future.” Dubbed the aviation industr...
South Korean battery maker LG Chem said June 2 its vice chairman hosted the firm’s first-ever recruitment event in Europe over the weekend, as part of efforts to search for global talent. On June 1, Vice Chairman and CEO Shin Hak-cheol hosted the event in Frankfurt, Germany, attended by 30 underg...
Asiana Airlines on June 1 hosted a meeting of CEOs from Star Alliance member carriers for the first time in Seoul, to strengthen efforts in elevating the brand value of the world’s largest global airline alliance. The gathering was held on the sidelines of the International Air Transport Associat...
BUSAN – The city of Busan and Singapore’s Changi Airport Group on June 1 signed a memorandum of understanding to increase the air transport volume between Busan and Singapore and strategically support trade, business and tourism. The partnership between Busan and Changi Airport comes as Korea’s...
South Korea’s state pension operator cut the number of listed firms in which it has a stake of 5 percent or more in the first quarter of the year in an apparent bid to boost its investment returns, a corporate tracker said on May 29. The National Pension Service owned 5 percent or more of 281 ...
South Korea’s listed firms saw their financial health worsen in the first quarter of the year, data showed on May 27, amid an economic slowdown. The average debt-equity ratio of 640 companies listed on the main Kospi bourse, came to 110.7 percent as of end-March, sharply up 6.37 percentage poi...
Experts discuss measures to tackle severe drought DAEJEON -- Scientists, government officials and representatives of global environmental organizations gathered in Daejeon City on Thursday to discuss water shortage around the world and possible response measures at the 2019 International Drought F...
Hanwha Q Cells said on May 23 it topped Britain’s solar module market in 2018 for the second straight year. Its market share in the sector stood at 13.6 percent last year, up 3.8 percentage points from 2017, the company said, citing industry data compiled by market tracker EuPD Research. T...
Energy-to-telecom conglomerate SK Group said on May 16 it will invest $1 billion in Vietnam’s leading conglomerate in a bid to expand its presence in the Southeast Asian market. SK Group said it has signed a deal to buy a 6.1 percent stake in Vingroup, with the deal also calling for a strategi...
KB chief stresses role of finance in net-zero transition
Hyundai to produce Ioniq 5 with Indonesia’s batik design
[Bio USA] Samsung Biologics hints at sales push for new plant
LS Cable & System to build Korea's largest offshore wind farm
[Contribution] Uniting for safer food: enhancing global cooperation in food safety systems
Export dependency on China wanes
Airplane's exit door should not be difficult to open: survey
Ex-BMW designer joins Kia as exterior styling chief