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Business

Sat, July 2, 2022 | 01:53

Posco to secure key raw materials in Australia

Posco Group chairman Choi Jeong-woo visited Australia to assess strategic investment assets for the company's future business and discussed ways to cooperate with local raw material suppliers. Choi arrived in Western Australia on June 20 and met with Gina Rinehart, executive chairwoman of Hancock Prospecting, to sign a memorandum of understanding for strategic cooperation in ...

Kim Jae-heun | 2022-06-21 17:11

'It's digitize or die:' McKinsey digital transformation expert

The Korean government should promptly innovate its culture and revise hiring policies to enable swift digitalization, a much-needed solution for the country's widening productivity gap with the U.S. and sinking growth potential, a digital transformation expert at McKinsey & Company said, Tuesday.

Lee Kyung-min | 2022-06-21 16:56

Korea urged to develop action plans for net-zero transition

Korean businesses should perceive the global challenge to achieve net-zero greenhouse gas emissions as an opportunity to nurture new growth engines, although the transition to fulfill such goals can be costly and demanding, according to a McKinsey & Company partner who advises on advanced industries in Korea. Speaking at the 2022 Korea Times Forum at the Korea Chamber of Comm...

Yi Whan-woo | 2022-06-21 16:52

Korea Times forum sheds light on Yoon-era policy direction

Experts shed light on how they view the new Yoon Suk-yeol administration should present its economic policy direction during the 2022 Korea Times Forum, Tuesday. Business moguls and leaders of foreign chambers of commerce in Korea spoke on pending issues that the Yoon administration needs to address such as environmental, social and corporate governance (ESG) and digitalizati...

Lee Min-hyung | 2022-06-21 16:49

Yoon urged to enable Korea to fulfill potential as global business hub

President Yoon Suk-yeol should accelerate efforts to abolish regulations conflicting with international standards, in order to prevent Korea from repeating failures in its decades-long drive to become a global business hub, according to business leaders from the U.S. and Europe as well as renowned Korean experts participating in the 2022 Korea Times Forum, Tuesday.

Park Jae-hyuk | 2022-06-21 16:40

2022 Korea Times Forum (PHOTOS)

Korea Times Chairman Seung Myung-ho, front row sixth from left, Minister of Trade, Industry and Energy Lee Chang-yang, fifth from left, and Seoul Mayor Oh Se-hoon, seventh from left, applaud during a VIP session prior to the 2022 Korea Times Forum at the Korea Chamber of Commerce and Industry (KCCI) building in Seoul, Tuesday. From left in the front row are German Ambassador ...

Kim Hyun-bin | 2022-06-21 16:39

Mayor pledges to make Seoul into haven for businesses

Seoul Mayor Oh Se-hoon has once again clarified his vision that the city will be a haven for companies and a nurturer of the workforce they need.

Ko Dong-hwan | 2022-06-21 16:33

2022 Korea Times Forum (Main photo)

Korea Times Chairman Seung Myung-ho, front row sixth from left, Minister of Trade, Industry and Energy Lee Chang-yang, fifth from left, and Seoul Mayor Oh Se-hoon, seventh from left, pose during a VIP session prior to the 2022 Korea Times Forum at the Korea Chamber of Commerce and...

Kim Hyun-bin | 2022-06-21 15:51

Korea to bolster investment, deregulation for biz-oriented growth

Korea will remove and overhaul policies that have long frustrated the entrepreneurial spirit and undermined corporate competitiveness, in a clear, dramatic shift in the government's economic policy directives to restore and enrich the dynamism and vitality of the private-sector-driven economy, the country's top industry policymaker said, Tuesday.

Lee Kyung-min | 2022-06-21 15:15

'Time for Korea to be world's lighthouse across sustainability, digital'

Korea should take advantage of its strength in technology to take the lead in sustainability and digital transformation, both of which are viewed by global leaders as the key topics of our time, according to Bob Sternfels, the global managing partner of McKinsey & Company. Regarding the two topics as the key drivers and essential prerequisites for the future of business, the ...

Park Jae-hyuk | 2022-06-21 15:10

Korea urged to develop action plans for net-zero transition

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