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Business

Sat, July 2, 2022 | 01:43

Gov't to closely monitor KEPCO, 13 other public firms over financial health

The government said Thursday that it will intensely monitor the country's power monopoly Korea Electric Power (KEPCO) and 13 other state-run firms over financial health concerns.

2022-06-30 15:38

LG, SM Entertainment collaborate to go after Apple, Peloton in home fitness market

Fitness Candy, a joint venture launched recently by LG Electronics and SM Entertainment, expressed confidence that it could defeat Apple and Peloton in the at-home workout market, with plans to release its home fitness service overseas in the near future. “We will be able to beat them with the integration of LG's devices and SM's content,” Fitness Candy CEO Shim Woo-taek said...

Park Jae-hyuk | 2022-06-30 15:06

[INTERVIEW] Torres SUV should be huge hit in Chile: Ssangyong officials

With SsangYong Motor's new SUV, the Torres, set to make its debut in Korea in July, officials from the SUV maker's Chilean distributor said Wednesday that they are confident the SUV would be a huge hit in the South American country thanks to its bold exterior and high-tech interior. “When you see a car in person, some cars are different from what you saw in the pictures, and ...

Baek Byung-yeul | 2022-06-30 11:29

[INTERVIEW] 'New order takes root in fashion e-commerce industry'

The COVID-19 pandemic has dealt a huge blow to the fashion industry, causing a lot of traditional merchants to be unsure of how to maintain their bottom lines as consumers shift in droves to e-commerce platforms.

Kim Yoo-chul | 2022-06-30 11:20

LG, Hanwha, LS eye EV charging biz for future growth

Major conglomerates are jumping into the electric vehicles (EV) charging business as a new future growth engine and aim to create synergy with other affiliates within the group, according to company officials, Wednesday. S-Traffic, which spun off from Samsung SDS, is currently leading the domestic EV charging market, while other major conglomerates such as LG Electronics, Han...

Kim Hyun-bin | 2022-06-30 08:35

McDonald's Korea introduces second locally sourced burger

McDonald's Korea has revealed its second local menu item, the Boseong Green Tea Pork Burger as part of its Taste of Korea project on Thursday. Last year, the American fast food chain signed a business agreement with South Jeolla Province and its partner firms to introduce new menu items using high-quality domestic ingredients. The Changnyeong Garlic Burger was the first produ...

Kim Jae-heun | 2022-06-29 17:06

Mercedes-Benz Korea launches new EQB 300 4MATIC AMG

Mercedes-Benz Korea has launched the new EQB 300 4MATIC AMG Line, an all-electric family SUV, the company said Wednesday. The EQB is the second compact SUV introduced by Mercedes-EQ after the EQA, which premiered at Auto Shanghai 2021.

Kim Jae-heun | 2022-06-29 17:06

Korea's space projects overshadowed by researchers' poor working conditions

Uncertainty has been growing surrounding Korea's mission to become a powerhouse in the space industry, as researchers of a state-run space research institute have begun to cry foul over their labor conditions, threatening to leave for better opportunities in the private sector. Despite the recent success in launching a domestically developed space rocket, unionized researcher...

Park Jae-hyuk | 2022-06-29 16:50

SK Bioscience gets final approval for Korea's 1st COVID-19 vaccine

SK Bioscience's SKYCovione, also known as GBP510, was approved for use, Wednesday, becoming Korea's first locally-developed COVID-19 vaccine to get the green light. The Ministry of Food and Drug Safety (MFDS) announced that it authorized the use of the recombinant protein-based vaccine.

Park Jae-hyuk | 2022-06-29 16:44

Hyundai E&C opens Hillstate studio apartments in Daejeon

A total of 473 studio apartments will be up for sale in the Hillstate apartment complex in Daejeon, according to builder Hyundai Engineering & Construction (E&C), Wednesday.

2022-06-29 16:35

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