Business - The Korea Times

Gadeok airport project faces mounting uncertainties

A new airport construction project on Busan’s Gadeok Island is facing increasing uncertainties, as the government's attempt to secure builders for the initial phase of site preparation has failed for the third time.

Aug 21, 2024By Ko Dong-hwan

Gadeok airport project faces mounting uncertainties

LG Energy Solution expands battery safety diagnosis business

LG Energy Solution will expand its software-driven battery safety diagnosis business with global carmakers, as demand keeps rising amid lingering safety concerns stemming from numerous fires caused by electric vehicles (EVs) in recent months, the company said, Wednesday.

Aug 21, 2024By Lee Min-hyung

LG Energy Solution expands battery safety diagnosis business

Hyundai, Kia outperform Ford, GM in US EV market in Jan.-July period: report

The combined market share of electric vehicles produced by Korea's Hyundai Motor and Kia in the United States ranked second in the January-July period, outperforming local manufacturers Ford Motor and General Motors, an industry report showed Wednesday.

Aug 21, 2024By Yonhap

Hyundai, Kia outperform Ford, GM in US EV market in Jan.-July period: report

Samsung, LG, SK see drop in young employees

According to the corporate tracker Leaders Index, the proportion of employees in their 20s at major Korean conglomerates decreased to 21.6 percent in 2023 from 23.4 percent in 2021, while the share of workers aged 50 or older increased to 22 percent from 20.8 percent.

Aug 21, 2024By Park Jae-hyuk

Samsung, LG, SK see drop in young employees

Daewoo E&C sets example of labor-management cooperation

Daewoo Engineering & Construction is strengthening the collaboration between management and labor, serving as a model of overcoming a prolonged downturn in the construction industry.

Aug 20, 2024By Nam Hyun-woo

Daewoo E&C sets example of labor-management cooperation

Retail firms utilize Olympic medalists to improve corporate image

Retail companies are taking advantage of Olympic medalists either by signing sponsorship deals or offering special incentives to those who brought home medals from the Paris Olympics.

Aug 20, 2024By Lee Min-hyung

Retail firms utilize Olympic medalists to improve corporate image

More industrial gas firms put up for sale

A growing number of industrial gas companies are being offered for sale, with SK becoming the latest to join this trend.

Aug 20, 2024By Park Jae-hyuk

More industrial gas firms put up for sale

Major business groups breathe sigh of relief amid Harris' rise

Major conglomerates are expressing unexpected relief at the rise of U.S. Democratic presidential candidate Kamala Harris, as the vice president is widely expected to maintain consistency in key eco-friendly policies championed by the incumbent Joe Biden administration — particularly those related to batteries and electric vehicles, according to industry officials and experts, Tuesday.

Aug 20, 2024By Lee Min-hyung

Major business groups breathe sigh of relief amid Harris' rise

Absence of denuclearization in US Democratic Party platform alarms Seoul

Helping hand

Domino's Pizza Korea Chairman Kenny Oh, left, poses with Kim Young-tae, president of Seoul National University Hospital, at Seoul National University Children's Hospital in Seoul, Tuesday. The Korean branch of the U.S. pizza franchise donated 100 million won ($75,000) for the treatment of patients with rare and incurable diseases. Since 2005, the company has donated 1.6 billion won, which has been used to treat a total of 591 pediatric patients. Courtesy of Domino's Pizza Korea

Aug 20, 2024By Kang Seung-woo

Amorepacific launches Hera brand in Thailand

Amorepacific, Korea's leading cosmetics firm, said Tuesday it has launched its luxury Hera brand in Thailand as part of its expansion into Asian markets.

Aug 20, 2024By Yonhap

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