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Ko Dong-hwan

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Companies

POSCO resets portfolio, expands into energy, lithium

POSCO Group on Thursday said that it will expand its core businesses into lithium production and renewable energy as it seeks to reposition itself as a leading supplier of Korea's key industrial resources. Chairman Chang In-hwa hosted “CEO Investor Day," where he shared the group's new “triple core” business portfolio. It frames steel as an industrial resource; lithium, anode, cathode and rare earth minerals as strategic resources; and liquefied natural gas (LNG) and renewable energy as energy resources. The most anticipated venture among POSCO investors was lithium. The group said it will introduce a production capacity of 173,000 tons per year by 2033 and become one of the world’s top five producers of the mineral. The group expects its lithium-based operating profit will reach 1.8 trillion won ($1.2 billion) by 2035. POSCO produces brine lithium from Argentina, where its regional subsidiary, POSCO Argentina, turned profitable in March. The company has also acquired the Argentine government’s approval for a large investment incentive scheme. The group said it will make an ea

Jul 2, 2026By Ko Dong-hwan
POSCO resets portfolio, expands into energy, lithium
Companies

PHOTO AKTC at Yeongwol mayor's inauguration

Yeongwol County Mayor Kim Gil-soo, second from right, poses with Almonty Korea Tungsten Corp. (AKTC) Operations Superintendent Byun Seung-min, left, and AKTC CEO Office Manager Beatriz Rendo, second from left, during Kim's inauguration ceremony at the Yeongwol Culture and Arts Center in Gangwon Province, Wednesday. AKTC operates the Sangdong mine in Yeongwol where it produces tungsten and molybdenum ores, which are key minerals in the defense, semiconductor, aerospace, steel, medical and other manufacturing industries. AKTC has recruited 45 percent of its employees from Yeongwol and other parts of the province and plans to expand its workforce from 107 to 140 by the end of this year. Courtesy of AKTC

Jul 2, 2026By Ko Dong-hwanphoto
[PHOTO] AKTC at Yeongwol mayor's inauguration
Companies

Genesis BBQ debuts in India's chicken dining scene

Global fried chicken restaurant franchise company Genesis BBQ has debuted in India, opening two locations in the southern city of Bengaluru. The company said Thursday its HSR Layout and Koramangala branches opened on June 26 through its partnership with a local company under a master franchise deal. Genesis BBQ said it will expand its Indian market to other cities, including Hyderabad, Chennai and Vellore. Bengaluru, according to Genesis BBQ, is one of India’s hubs for IT and startups, along with young consumers. HSR Layout is in a premium commercial district and in the vicinity of IT business districts, including Electronic City, Sarjapur Road and Outer Ring Road. The company said the area also has a large population of those in their 20s to 40s with high incomes. Koramangala is nestled in the largest dining and commercial hub in Bengaluru, according to the Korean firm. A variety of global dining brands and trendy restaurants are concentrated in the area, which made it an ideal location for Genesis BBQ to promote itself to local consumers. Both stores will operate as quick-service rest

Jul 2, 2026By Ko Dong-hwan
Genesis BBQ debuts in India's chicken dining scene
Companies

Temu boosts IP protection for K-brands

Major Chinese e-commerce platform Temu has formed a partnership with Korea’s state-run intellectual property (IP) agency to bolster protection of products made by Korean firms. The Chinese company, which has around 7 million monthly active users in Korea, made the commitment as K-branded products’ popularity is on the rise among consumers worldwide, prompting producers to place increased importance on their IP rights. The Korea Intellectual Property Protection Agency's (KOIPA) Executive Director of Management Innovation Division Son Chang-ho met Temu’s Vice President of Operations Jeremy Jin at the Chinese firm’s headquarters in Shanghai on Monday and signed the partnership. Under the deal, Temu and KOIPA will operate a dedicated communication channel to facilitate rapid response and enforcement against IP infringement affecting K-brands. Temu will use its detection technology and global team of expert reviewers to identify and remove IP-violating products from its platform. KOIPA will support the Chinese firm by verifying the authenticity and ownership of IP rights tied to K-br

Jul 1, 2026By Ko Dong-hwan
Temu boosts IP protection for K-brands
Others

Korea launches K-Chicken Belt to boost gastronomy tourism

Detailed information on some of Korea's most beloved chicken restaurants, particularly independent chicken specialty shops and chicken-themed local attractions is now available online as part of efforts to boost the country's gastronomy tourism for international visitors. The Ministry of Agriculture, Food and Rural Affairs on Monday unveiled the K-Chicken Belt, an online platform featuring 30 destinations across 30 cities and counties nationwide. The featured locations were selected from about 2,700 recommendations submitted by local residents and municipal governments through a public survey conducted in March and April. The poultry highlighted include Suwon galbi chicken, Sokcho sweet and crispy fried chicken, Andong braised chicken and Chuncheon spicy stir-fried chicken. The chicken gizzard alley at Daegu's Pyeonghwa Market, spicy chicken stew in the city of Taebaek, Gangwon Province and Haenam’s chicken course sets also made the list. “There are plenty of gastronomic resources in Korea. We should no longer have to get to a destination before searching for what to eat nearby. We

Jun 29, 2026By Ko Dong-hwan
Korea launches K-Chicken Belt to boost gastronomy tourism
Companies

Dachser Korea director named new head of German Chamber of Commerce

The managing director of logistics firm Dachser’s Korean office has been named as the new head of the Korean-German Chamber of Commerce and Industry (KGCCI). KGCCI said Monday it appointed Dachser Korea's Christoph Nowak as its new German chairman. Nowak was appointed on Thursday during KGCCI's 45th annual general meeting in Seoul, during which the business lobby group reshuffled its board of directors. According to KGCCI, Nowak has built up over two decades of global experience in the logistics and supply chain management sectors. Before joining Dachser in 2024, he took key roles in trades with Europe and Asia at supply chain management firm 4flow and global logistics company DB Schenker, both based in Germany. Nowak also has two years of experience as a director at KGCCI, bolstering trades between the two nations. The new KGCCI board of directors also welcomed Steffen Trabert, representative director and senior vice president of sales for the Asia-Pacific region at Korber Pharma, as new German vice chairman. Having over 20 years of experience across Asia, he joined Korber Pharma earl

Jun 29, 2026By Ko Dong-hwan
Dachser Korea director named new head of German Chamber of Commerce
Tech & Science

Korea's smart road management system makes foray into Peru

Korea’s smart road management system has become Peru’s official project for domestic deployment, opening ways for Korean firms to expand its market to the South American nation. The Korean Ministry of Land, Infrastructure and Transport said Sunday the Peruvian government on Thursday (local time) selected a master plan for a 1,560-kilometer segment of the Pan-American Highway connecting Trujillo and Arequipa as a legally mandated national plan. The master plan was proposed by the International Contractors Association of Korea (ICAK), a nonprofit think tank for private construction firms here with interests overseas. The master plan, an official development assistance (ODA) project, is to introduce a set of accident- and disaster-proof intelligent transport systems (ITS) on the highway that runs in two to six lanes and sees up to 39,800 vehicles per day. Thirteen ITS will be deployed on the highway in series by 2035, with a 133.2-kilometer section between Lima and Chancay being the primary site. Korea Expressway Corp., a state-run highway builder, and Korean private firms Eznsys and D

Jun 28, 2026By Ko Dong-hwan
Korea's smart road management system makes foray into Peru
Companies

South Jeolla chip plant plans trigger speculative rally in local stocks

Expectations that Samsung Electronics and SK hynix will invest in massive chip plant projects in Gwangju and the surrounding South Jeolla Province have triggered a rally in various companies headquartered in the region. The rally has been fueled by expectations that the purported large-scale chip plants would spur demand for roads, transportation networks, housing and other public infrastructure needed to support surrounding cities. However, concerns are also growing over speculative buying, as shares of companies with little apparent connection to the semiconductor industry have also fluctuated on the news. Listed construction firms mostly active in Gwangju and South Jeolla enjoyed the most notable spike. Kumho E&C hit the daily 30 percent trading limit on Friday after surging 29.9 percent on Wednesday, nearly doubling its share price in just one week. Namhwa Construction, based in Hwasun County of the province, jumped 29.96 percent on Friday. Industry officials said the rally appears to reflect expectations that the companies would benefit from increased demand for surrounding infrastr

Jun 28, 2026By Ko Dong-hwan
South Jeolla chip plant plans trigger speculative rally in local stocks
Companies

KHNP leads cultural, sports exchanges with Czechia amid nuclear power expansion

Korea Hydro & Nuclear Power (KHNP), a state-run nuclear plant operator and technology developer, has demonstrated its commitment to the Czech Republic by hosting cultural exhibitions and taking part in local sporting events as it expands its presence in the country. Employees of KHNP, a group of Korean university students and 50 youth football players took part in a nine-day trip to Eastern Europe that began on June 16. The volunteer outreach program, targeting communities near the planned nuclear power plant sites, marked the 10th year of KHNP's annual initiative. The participants visited Tyn nad Vltavou near Temelin, where KHNP is seeking to build an additional nuclear power plant. They also traveled to Trebic near Dukovany, where the company plans to construct another new nuclear power plant. On the first day of the outreach program, June 17, they visited a youth center in Tyn nad Vltavou and hosted a Korean culture class, offering local participants an opportunity to experience K-pop, taekwondo, traditional Korean music and games. The following day, they joined a local arts festival

Jun 25, 2026By Ko Dong-hwan
KHNP leads cultural, sports exchanges with Czechia amid nuclear power expansion
Companies

DHL spurs pharmaceutical logistics in Korea with new Icheon hub

Global logistics giant DHL Supply Chain has launched a new logistics hub in Icheon, Gyeonggi Province, to bolster its transportation and storage capacity for pharmaceutical and life science products that require delicate environmental control. DHL Supply Chain Korea said on Thursday that a new DHL Health Logistics Hub has been completed in Icheon’s Baeksa. The hub spans 10,000 square meters and is designed to meet the growing demand for highly specialized, compliant health care logistics services here. The new facility is part of a larger 45,500-square-meter warehouse complex developed under DHL’s partnership with real estate asset management firm Qube Industrial in Seoul. The Icheon hub is built to handle a wide range of temperature-sensitive health care products and offers advanced storage and handling capabilities. It also provides temperature-controlled storage for up to 3,800 pallets, cold-chain storage for up to 1,300 pallets and ultra-low-temperature facilities equipped with freezers capable of maintaining temperatures of minus 20 degrees Celsius and minus 80 degrees Celsius

Jun 25, 2026By Ko Dong-hwan
DHL spurs pharmaceutical logistics in Korea with new Icheon hub
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