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Business

Thu, June 30, 2022 | 16:34

Korean Air expands private business jet service

Korean Air is expanding its private jet business, introducing an additional B787-8 Dreamliner. Korean Air introduced the B787-8 (HL8508) business jet on June 10th, increasing the number of private business aircraft to four. The 787-8 is manufactured by Boeing of the United States. Unlike regular airplanes, the Dreamliner is modified for luxury purposes with seating greatly re...

Kim Hyun-bin | 2022-06-18 09:00

Kakao Mobility grapples with staff jitters of potential sell-off

Kakao Mobility CEO Ryu Geung-seon held a meeting Friday with employees who are concerned about the possibility of the company's largest shareholder, Kakao, selling around 40 percent of its 57.5 percent stake in the subsidiary to a private equity firm. Ryu is said to have held the meeting to reassure employees by explaining the company's current situation and its plans. Kakao ...

Park Jae-hyuk | 2022-06-17 18:16

Cooperation for stable supply chain

Korea Mine Rehabilitation and Mineral Resources Corp. (Komir) CEO Hwang Kyu-yearn, second from left, and Saskatchewan Research Council (SRC) CEO Mike Crabtree, shake hands after signing a memorandum of understanding (MOU) in Toronto, Canada, June 15 (local time). The two agreed to bolster joint cooperation in establishing a stable supply chain for core minerals including nick...

Lee Kyung-min | 2022-06-17 16:00

Korea Post union workers' Saturday strike delayed

A plan to launch a nationwide strike Saturday by unionized postal delivery workers under the Korean Confederation of Trade Unions (KCTU) has been delayed, after the management and labor at the Korea Post (KP) reached an agreement, officials said Friday.

Lee Kyung-min | 2022-06-17 15:53

KCCI chief, biz leaders join government campaign to attract World Expo 2030

Korea Chamber of Commerce & Industry (KCCI) Chairman Chey Tae-won, who also serves as the co-chairman of the Bid Committee for World Expo 2030 Busan, will visit Paris, France for four days with the aim of attracting World Expo 2030 to the Korean port city. This trip marks the SK Group Chairman's first official diplomatic effort since he took the position. Chey will take part ...

Kim Hyun-bin | 2022-06-17 15:33

Posco strives to satisfy BlackRock's demand for ESG management

Posco Group spent two days briefing a major U.S. shareholder about its efforts to achieve carbon neutrality. BlackRock, which owns 5.02 percent of Posco Group's holding company, Posco Holdings, had asked the Korean steelmaker to pursue sustainable management practices. Inviting BlackRock Managing Director Henny Sender to Posco Holdings' headquarters on Thursday and to an inte...

Park Jae-hyuk | 2022-06-17 15:00

'It's now a luxury to eat watermelon'

A 58-year-old housewife surnamed Kim was surprised to see how expensive watermelons have become in recent weeks. Watermelon is one of Koreans' favorite seasonal fruits in the summer, but many shoppers are hesitant to put one in their shopping baskets, as prices have increased by more than 30 percent from a year ago, according to retailers.

Kim Jae-heun | 2022-06-17 08:33

Chung Euisun learns knowhow to improve communication between generations

Hyundai Motor Group hosted a talk concert Thursday, inviting prominent psychiatrist Oh Eun-young with an aim to take care of the mental health of its employees. Chung Euisun, the chairman of the automotive group, also attended the event and shared his workplace concerns, telling the doctor that he has been mulling over what would be a good way to improve communication between...

Baek Byung-yeul | 2022-06-16 17:33

Japanese beer makes comeback

Japanese brewers are staging a comeback in the Korean market after a three-year hiatus, as they advertise new products ahead of the peak summer season, company officials said, Thursday. Asahi Breweries said it will air its online commercial for Asahi Super Dry beer on YouTube and several other social media platforms from June 17 to the end of August. The company hopes to win ...

Kim Jae-heun | 2022-06-16 17:14

Gov't to help local vaccine developers, ingredient makers with overseas expansion

The government will help local vaccine developers and key pharmaceutical ingredient makers strengthen cooperation with their prospective business partners overseas, mostly in the areas of technical cooperation, raw input material trading supply and exports, officials said, Thursday.

Lee Kyung-min | 2022-06-16 17:02

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