Business - The Korea Times

Hyundai Motor CEO named co-chair of Hydrogen Council

Chang Jae-hoon, president and CEO of Hyundai Motor, has been named co-chair of the Hydrogen Council, a global corporate initiative with a united vision for hydrogen adoption for a clean energy transition, according to the company Tuesday.

Jun 18, 2024

Hyundai Motor CEO named co-chair of Hydrogen Council

Hyundai Motor's envisioned US plant in Georgia to prioritize EVs: CEO

A new car manufacturing plant by Hyundai Motor, Korea's largest automaker, under construction in the U.S. state of Georgia will prioritize producing electric vehicles despite a temporary fluctuation in market demand, the company's CEO said Monday.

Jun 17, 2024

Hyundai Motor's envisioned US plant in Georgia to prioritize EVs: CEO

SK chief claims critical errors in divorce ruling

SK Group Chairman Chey Tae-won claimed Monday that there were significant errors in an appellate court's assessment of his estranged wife's contribution to the growth of Korea's second-largest conglomerate and announced his intention to bring the case to the Supreme Court for further review.

Jun 17, 2024By Lee Min-hyung

SK chief claims critical errors in divorce ruling

Korean Air selects Air Incheon as preferred bidder for Asiana cargo unit

Korean Air has selected Air Incheon as the preferred bidder for the sale of Asiana Airlines’ cargo freighter business, overcoming a major hurdle in the long-delayed acquisition of Asiana, the company said Monday.

Jun 17, 2024By Lee Min-hyung

Korean Air selects Air Incheon as preferred bidder for Asiana cargo unit

Lotte, Hanwha face backlash for entering shipping industry

Lotte and Hanwha are facing protests from small and medium-sized shipping companies in Korea over their plans to operate their own ships to transport alternative fuels by sea, according to industry officials, Monday.

Jun 17, 2024By Park Jae-hyuk

Lotte, Hanwha face backlash for entering shipping industry

Hanjin to expand branches in Europe for logistics deals

Hanjin Logistics, the logistics unit of airline conglomerate Hanjin Group, said Monday it will add seven new branches in Europe by 2027 to gain a bigger share in the local logistics markets.

Jun 17, 2024

Hanjin to expand branches in Europe for logistics deals

Korean battery firms brace for Europe to backpedal on climate goals

Korean battery makers and materials producers are still betting on the European market, despite a worsening outlook for the continent’s electric vehicle (EV) industry after a recent swing to the far right, according to industry officials, Monday.

Jun 17, 2024By Park Jae-hyuk

Korean battery firms brace for Europe to backpedal on climate goals

Why Hyundai Motor aims to take Indian unit public

Hyundai Motor is expected to debut its Indian unit, Hyundai Motor India, on India's stock market as part of the Korean carmaker's efforts to increase its presence in the world's third-largest auto market, according to the company and industry officials, Sunday.

Jun 16, 2024By Baek Byung-yeul

Why Hyundai Motor aims to take Indian unit public

KHNP chief makes final efforts for Czech nuclear plant bid

The chief of Korea Hydro & Nuclear Power (KHNP) last week made his final efforts to win over the Czech Republic, where the company is aiming to win the bid for a nuclear power plant construction project, according to the state-run nuclear power company Sunday.

Jun 16, 2024By Ko Dong-hwan

KHNP chief makes final efforts for Czech nuclear plant bid

Samsung Electro-Mechanics hosts coffee truck recruiting event

Sungkyunkwan University students line up to receive drinks from a coffee truck provided by Samsung Electro-Mechanics, at the school's campus in Suwon, Gyeonggi Province, Friday. The company said Sunday that it held the event to provide the students with coffee and snacks, as well as career consulting and recruitment advice, adding that it will keep holding this kind of event in other universities. Courtesy of Samsung Electro-Mechanics