Business - The Korea Times

Empty promise? Worker dies day after GS E&C vows to regain trust

A worker death occurred on Tuesday at the site of GS E&C’s incomplete apartment complex in Incheon, which is undergoing demolitions for reconstruction after an underground parking garage collapsed in April last year.

Nov 20, 2024By Park Jae-hyuk

Empty promise? Worker dies day after GS E&C vows to regain trust

T'way Air sole carrier to suffer loss in Q3

T’way Air reported a third-quarter operating loss of 7.1 billion won ($5.1 million), Wednesday, due to excessive spending on expanding its European routes, making it the only local low-cost carrier (LCC) to incur a loss during the period.

Nov 20, 2024By Lee Min-hyung

T'way Air sole carrier to suffer loss in Q3

INTERVIEW 'Promising outlook for offshore wind will create jobs in Korea '

Developing an offshore wind power industry in Korea will boost renewable energy use, help meet global carbon neutrality goals, and provide economic benefits such as job creation, increased foreign investments, and enhanced export competitiveness, according to a senior executive of RWE, a multinational renewable energy firm based in Germany.

Nov 20, 2024By Ko Dong-hwan

[INTERVIEW] 'Promising outlook for offshore wind will create jobs in Korea '

Samsung Biologics surpasses W5 tril. in annual orders for first time

Samsung Biologics said on Wednesday it surpassed the 5 trillion won ($3.59 billion) mark in its accumulated orders this year for the first time in the company’s history, after securing two new deals with a combined valued of nearly 1 trillion won.

Nov 20, 2024By Nam Hyun-woo

Samsung Biologics surpasses W5 tril. in annual orders for first time

Steelmakers face triple whammy

Multiple risk factors are troubling the Korean steelmaking industry, which has been contributing to the nation’s construction sector and the manufacturing of cars, ships, machinery and consumer electronics over the past half-century.

Nov 20, 2024By Park Jae-hyuk

POSCO union votes to proceed with strike

Police, forensic service to launch joint probe into deadly accident at Hyundai Motor plant

Police and forensic agency authorities plan to conduct a joint investigation Wednesday into the cause of an accident that left three people dead at a Hyundai Motor plant in the southeastern city of Ulsan.

Nov 20, 2024By Yonhap

Police, forensic service to launch joint probe into deadly accident at Hyundai Motor plant

Genesis faces dilemma over production location amid Trump's proposed tariffs

Experts and industry officials warned on Tuesday that Genesis could face significant setbacks due to U.S. President-elect Donald Trump's promise to impose a 10 percent tariff on all imported goods. This is a particular concern for the luxury carmaker, as it produces the majority of its vehicles in Korea.

Nov 20, 2024By Lee Min-hyung

Genesis faces dilemma over production location amid Trump's proposed tariffs

POSCO shuts down wire rod mill in Pohang amid supply glut

POSCO said Tuesday it shut down a wire rod mill in its factory in Pohang, North Gyeongsang Province, in an effort to boost profitability and managerial efficiency.

Nov 19, 2024By Yonhap

POSCO shuts down wire rod mill in Pohang amid supply glut

Too cute for heavy industries? More B2B firms design adorable mascots

The trend of creating cute mascots to raise brand awareness has spread to heavy industries that manufacture products intended for business and industrial use.

Nov 19, 2024By Park Jae-hyuk

Too cute for heavy industries? More B2B firms design adorable mascots

For recovery in anode materials industry

Second Vice Minister of Foreign Affairs Kang In-sun, front row left, listens to a POSCO Future M official at the battery materials producer's factory in Sejong, Monday. POSCO Future M said Tuesday that the vice minister promised to help the company expand the sales of its anode materials amid the oversupply of low-priced materials from China and the growing uncertainties about the incoming U.S. administration's policies toward the battery supply chain. Courtesy of POSCO Future M