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The National Pension Fund (NPF) has decided to vote in favor of a nomination for chief executive of South Korea's dominant cigarette maker, KT&G, at an upcoming shareholder meeting, according to the fund Friday. Appointing a new chief executive, which would mark KT&G's first leadership change in n...
Chang added that the group will continue to take initiatives in green transformation and hydrogen business. Born in 1955, Chang studied shipbuilding engineering at Seoul National University and received a doctorate from the Massachusetts Institute of Technology. In 1988, Chang joined Posco Group ...
HD Hyundai commemorated the 23rd anniversary of the passing of its founder, Chung Ju-yung, with a dedicated memorial event held Thursday that paid homage to his enduring legacy. The tribute took place at the HD Hyundai Global Research and Development Center in Seongnam, Gyeonggi Province, and was ...
South Korean petrochemical firm Hanwha Solutions said Thursday it has developed a proprietary ultra-high voltage cable material to meet the surging global demand for advanced power grid infrastructure. Petrochemicals, derived from petroleum or natural gas, form the basis for advanced polymers used...
SK Group Chairman Chey Tae-won on Thursday was reelected as head of the Korea Chamber of Commerce and Industry (KCCI), a major South Korean business lobby, for a second term. The KCCI held an extraordinary general meeting in Seoul and unanimously reelected Chey as the chamber's chairperson. The t...
Chang In-hwa, a seasoned veteran in the steel industry, became the chairman and CEO of Posco Group, South Korea's fifth-largest conglomerate, officials said Thursday. In a shareholders' meeting, Posco Holdings, the steelmaking group's holding company, passed a resolution to appoint Chairman Chang ...
Under the new leadership, NCSoft is set to renew and reorganize its internal operations with a focus on four strategic areas. Park wants to remove unnecessary overlaps to ensure departments work more cohesively and improve operational efficiency by making processes more transparent and accountable,...
South Korean logistics company Hanjin Logistics Corp. said Wednesday it has signed a partnership with Tuushin LLC, Mongolia's leading freight forwarding company, as a strategic move to advance its presence in Mongolia. On Tuesday, Hanjin and Tuushin inked a memorandum of understanding at Hanjin's ...
South Korea’s largest aerospace company Hanwha Aerospace said Wednesday it has been selected as a private entity to lead the nation’s next-generation space rocket project. The Public Procurement Service started the bidding process in December last year and Hanwha competed against Korea Aerospace...
Samsung Electronics and LG Electronics are seen to be renewing their decadeslong competition in the home appliance market with their first all-in-one washer-dryer machines, which combined the two full-capacity laundry machines to complete the entire laundry process in one step. Both Samsung and LG...
The South Korean antitrust regulator said Tuesday it approved US software company Ansys, Inc.'s acquisition of a minority stake in Safe Parent, Inc. which owns the world's largest crash test dummy manufacturer of Humanetics. Ansys, which develops engineering simulation software, intends to purchas...
Local real estate asset manager Igis Asset Management is set to move forward with its plan to refurbish the office area near the Seoul Station, having recently acquired two office properties on the site. The asset manager announced Monday it had acquired Metro Tower (41,139.6-square-meters) and Se...
Asiana Airlines on Monday announced that it has become the first domestic airline to win the Certification of Cross Border Transfers of Personal Information, as mandated by China's Personal Information Protection Law. This certification affirms the company's adherence to the stringent requirements...
Korean Air on Monday said it plans to expand the number of its international flights for the upcoming summer season, elevating its operational rate to nearly 96 percent of pre-pandemic levels. From March 31 through Oct. 26, the company will resume operations of weekly flights to four cities, inclu...
Major South Korean shipyard HD Korea Shipbuilding & Offshore Engineering said Monday it has bagged a 489.6 billion-won ($372 million) order to build three very large ammonia carriers for an Oceanian shipper. HD Hyundai Heavy Industries, one of HD Korea Shipbuilding's three shipbuilding units, will...
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