Business - The Korea Times

Scotsman wins Genesis Scottish Open

Hyundai Motor CEO Chang Jae-hoon, right, poses with Robert MacIntyre, center, the winner of the Genesis Scottish Open at the Renaissance Club in Scotland, Sunday. The winner was awarded a $1.58 million (2.18 billion won) prize and a Genesis Electrified GV70 SUV. Genesis offered 163 vehicles for the smooth operation of the event. At left is Song Min-kyu, global head of Genesis. Courtesy of Genesis

Jul 15, 2024By Lee Min-hyung

Samsung chief attends wedding of Indian tycoon's son

Samsung Electronics Executive Chairman Lee Jae-yong returned home Sunday after meeting the company’s officials in India and attending the wedding ceremony of the youngest son of Mukesh Ambani, chairman of India’s Reliance Industries.

Jul 14, 2024By Nam Hyun-woo

Samsung chief attends wedding of Indian tycoon's son

GS E&C revamps internal structure to improve public trust

GS Engineering & Construction (E&C) has announced a new company vision and introduced new internal rules for employees to improve quality in construction and regain public trust, the major construction firm said Sunday.

Jul 14, 2024By Ko Dong-hwan

GS E&C revamps internal structure to improve public trust

Gmarket posts highest spending per customer among online malls

Gmarket, an online shopping platform operated by Shinsegae Group, stood as the shopping mall with the highest expenditures per customer in the second quarter, industry data showed Sunday.

Jul 14, 2024By Yonhap

Gmarket posts highest spending per customer among online malls

Hyundai Motor union secures wage deal without strike for 6th consecutive year

Hyundai Motor's labor and management have concluded their wage negotiations without a strike for the sixth year in a row, agreeing on the highest wage increase in the company's history.

Jul 13, 2024By Yonhap

Hyundai Motor union secures wage deal without strike for 6th consecutive year

Boeing nearing deal to sell 777X jets to Korean Air, sources say

Boeing is nearing a potential sale of some two dozen 777X jets to Korean Air in a roughly $4 billion to $6 billion deal that could be finalised as early as July's Farnborough Airshow, industry sources said. South Korea's largest carrier has been in talks over a potential return to its traditional supplier of long-haul aircraft for months after placing a surprise order for 33 A350 jets from Boeing's European rival Airbus in March.

Jul 12, 2024By Reuters

Boeing nearing deal to sell 777X jets to Korean Air, sources say

Samsung chief Lee visits India: source

Samsung Electronics Chairman Lee Jae-yong has been on a visit to India to review the company's local operations and meet with business partners, a source close to the matter said Friday.

Jul 12, 2024By Yonhap

POSCO Holdings to cancel 2 trillion won worth of shares by 2026

POSCO Holdings, the holding firm of Korea's leading steelmaker POSCO Group, said Friday it will cancel 2 trillion won ($1.45 billion) worth of stocks by 2026.

Jul 12, 2024By Yonhap

POSCO Holdings to cancel 2 trillion won worth of shares by 2026

HD Hyundai, Daewoo E&C lower language barriers at workplaces

Companies that depend heavily on migrant labor are intensifying their efforts to improve communication with foreign workers to prevent fatal industrial accidents that have been exacerbated by language barriers, according to industry officials, Friday.

Jul 12, 2024By Park Jae-hyuk

HD Hyundai, Daewoo E&C lower language barriers at workplaces

Korean companies urged to revamp communication at work

SEOGWIPO, Jeju Island — Korean companies are being urged to overhaul their corporate culture, characterized by a reluctance to deliver negative reports to high-level executives, because that practice is causing delays in international litigation, according to John Quinn, co-founder of litigation firm Quinn Emanuel, Friday.

Jul 12, 2024By Lee Min-hyung

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