Companies

Korea lacks awareness of aluminum can's recyclability, survey says

Korean consumers' lack of awareness of the infinite recyclability of aluminum cans is one of the major obstacles to the country's recycling of the products.

Coway expands presence in premium air purifier market

Coway is strengthening its presence in the premium air purifier market with its Noble 2.0 air purifier lineup, offering models for various space sizes, from compact areas to large commercial spaces.

KCCI chair emphasizes economic benefits of APEC CEO Summit

Korea Chamber of Commerce and Industry (KCCI) Chairman Chey Tae-won has stressed the economic benefits of the upcoming Asia-Pacific Economic Cooperation summit in Gyeongju, North Gyeongsang Province, and its affiliated economic events. He noted that these gatherings will provide a crucial opportunity to revitalize the economies of the host region, according to the KCCI on Tuesday.

SK, Hanwha, LS face heightened risks amid controversial revision of Commercial Act

SK, Hanwha and LS have come under greater litigation risks, as the passage of a controversial amendment to the Commercial Act grants minority shareholders more leeway to accuse the firms’ board members of breach of trust if their stock value plunges after multiple listings of their subsidiaries, according to experts and industry officials.

Hanwha to invest $233 mil. in Australian subsidiary, eyeing Austal acquisition

Korean conglomerate Hanwha said Monday it will invest 337 billion won ($232.9 million) in its Australian subsidiary to expand its presence in the global market, seen as preparation for a potential takeover of Australian shipbuilder Austal.

LG Electronics post record R&D spending of 4.76 tril. won last year

LG Electronics, Korea's leading home appliances maker, said Monday it made a record investment of 4.76 trillion won ($3.3 billion) in research and development (R&D) last year to foster future growth engines.

Hanwha aims to buy 9.9% of Australian shipbuilder Austal, term sheet shows

Korea's Hanwha aims to buy up to 9.9 percent of Australian shipbuilder Austal in an after-market offer following its failed AU$1.02 billion ($646.17 million) takeover bid last year, a term sheet showed on Monday.

Korea helps US address egg shortage

Eggs are piled up at Gyerim Farm in Asan, South Chungcheong Province, Monday, 10 days after the farm celebrated Korea's first export of eggs to the United States upon the request of Washington to address the supply shortage caused by bird flu. The farm decided to export 20 tons of eggs to the U.S. state of Georgia. Yonhap

LG Electronics India's IPO bid hits its stride

LG Electronics' push to list its Indian unit on the local stock exchange is gaining momentum, with authorities recently granting provisional approval for a 150-billion rupee ($1.72 billion) initial public offering (IPO).

Hanwha Solutions launches wire & cable division for product expansion