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Business

Wed, July 6, 2022 | 12:51

Airport bus passengers increase 2.6 times in 1st half due to rising travel demand

The number of airport bus passengers in Seoul increased by 2.6 times during the past six months, the city government said Wednesday, as the demand for air travel has spiked after the lifting of almost all COVID-19 social distancing restrictions in April.

2022-07-06 11:52

Hanwha Defense to supply 25 Barracuda armored vehicles to Indonesia

Korean defense firm Hanwha signed a contract with Indonesia's national police last month to supply 25 armored vehicles by 2024, its officials said Wednesday.

2022-07-06 09:59

Kakao falls victim to Google's in-app payment policy

Google has banned Kakao from offering the latest version of KakaoTalk on the Google Play Store, as the Korean firm refused to follow the U.S. company's in-app payment policy, which has been in effect since last month. According to Kakao, the 9.8.6 version of its mobile messenger app has been unavailable on Google's app market, since the newest version's release on June 30. Go...

Park Jae-hyuk | 2022-07-06 08:57

GS Retail hit for selling tainted banana milk products

GS Retail, which operates the convenience store chain GS25, is facing growing criticism for selling banana milk, which was tainted during processing, and not notifying customers of the incident, according to retail industry officials, Tuesday.

Kim Jae-heun | 2022-07-05 17:14

LG Innotek joins RE100

LG Innotek said Tuesday its application to join the global “RE100” initiative has been finally approved. RE100 is an international campaign aimed at converting 100 percent of the electricity used by companies into renewable energy by 2050. A British non-profit organization, The Climate Group and the Carbon Disclosure Project (CDP) jointly launched this project in 2014.

Kim Jae-heun | 2022-07-05 17:13

Yoon promises support for women entrepreneurs

President Yoon Suk-yeol promised Tuesday to support the growth of women entrepreneurs, saying their success is directly linked to the country's future.

2022-07-05 17:00

CJ aims for $384 mil. in sales in Europe by 2027

Korean food maker CJ CheilJedang said Tuesday it will expand into the European market with a sales target of 500 billion won ($384 million) by 2027.

2022-07-05 17:00

FTC chief nominee rules out drastic deregulation

The nominee for the head of Korea's antitrust agency emphasized that he will continue to fight against unfair practices by chaebol groups, multinational tech firms and companies monopolizing the market, regardless of the Yoon Suk-yeol administration's business-friendly stance. Song Ok-rial, a professor of commercial law at Seoul National University Law School, who was nominat...

Park Jae-hyuk | 2022-07-05 16:48

Samsung, Apple to face off in premium smartphone market

Samsung Electronics will clash with Apple in the premium smartphone market in the second half of this year as the Galaxy maker is set to unveil new foldable phones - the Z Fold 4 and the Z Flip 4 - in August to challenge the new iPhone, according to industry officials and analysts, Tuesday. As it has always done in previous years, industry watchers expect Samsung to introduce...

Baek Byung-yeul | 2022-07-05 16:45

POSCO Holdings to acquire next-generation anode maker for $37 million

POSCO Holdings signed a contract, July 1, to buy a 100-percent stake in a battery materials manufacturer for $36.6 million, the steel giant said Tuesday in a press release and public disclosure to the stock exchange. Following the deal, Tera Technos, a Daejeon-based manufacturer and supplier of SiOx, a silicon-based anode material, will become the newest affiliate of POSCO.

Lee Kyung-min | 2022-07-05 16:22

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