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Companies

Sun, September 25, 2022 | 14:33

Discord over rest area food prices prompts Korea Expressway Corp. CEO to resign

Korea Expressway Corp. (KEX) CEO Kim Jin-sook resigned Friday, apparently due to intensifying scrutiny brought on by discord with the land ministry over lowering food prices at expressway rest stops. Her three-year term began in April 2020 under the previous Moon Jae-in administration. Minister of Land, Infrastructure and Transport Won Hee-ryong called for a comprehensive aud...

Lee Kyung-min | 2022-09-24 06:53

SK chief discusses raw materials supply chain with Zambian leader

SK Group Chairman Chey Tae-won has met with Zambian President Hakainde Hichilema in New York and discussed ways for cooperation in shoring up the raw materials supply chain, the business group said Friday.

2022-09-23 20:38

US trade commission opens investigation into alleged patent violations by Samsung

The U.S. International Trade Commission (ITC) said Friday it has opened an investigation into alleged patent violations by Samsung Electronics over outdoor electronics displays.

2022-09-23 20:12

Hanwha Solutions to split off its retail, advanced materials units

Hanwha Solutions, a key energy unit of South Korea's Hanwha Group, said Friday it will split off its retail unit and a part of its advanced materials unit in a bid to bolster its edge in renewable energy sectors.

2022-09-23 19:52

Korea, Canada strengthen business ties during Yoon's visit

Korean companies agreed with their Canadian partners to enhance cooperation ahead of President Yoon Suk-yeol's summit with Canadian Prime Minister Justin Trudeau in Ottawa, Friday (local time). LG Energy Solution (LGES) signed memorandums of understanding (MOUs) in Toronto, Thursday, with three Canadian mineral suppliers - Electra, Avalon and Snow Lake - to source core raw ma...

Park Jae-hyuk | 2022-09-23 16:18

Yoon seeks cooperation with Canada in AI

Lamborghini launches Urus Performante in Korea

Lamborghini officially launched its super SUV Urus Performante in Korea aiming to raise the bar to new heights for super SUVs in the country. The launch of the Urus Performante in Korea comes just over a month after its world premiere on Aug. 19. The launch ceremony was held at the Some Gavit ― a cultural complex and architectural landmark on the Han River ― in Seoul, Friday.

Kim Hyun-bin | 2022-09-23 16:00

Concerns grow over lawmakers summoning biz leaders to Assembly audits

Lawmakers of the liberal main opposition Democratic Party of Korea (DPK) and even those belonging to the business-friendly ruling conservative People Power Party (PPP) seek to summon heads of the country's leading conglomerates to the National Assembly audit next month as witnesses, according to industry officials and media reports, Friday. Their plans have caused concerns am...

Park Jae-hyuk | 2022-09-23 15:09

LG Energy Solutions leads efforts in sustainable energy solutions

LG Energy Solutions (LGES) strives to provide sustainable energy solutions to customers regarding environmental, social and corporate governance (ESG) principles throughout its business activities. The company has been practicing sustainability management in terms of eco-friendly energy, battery reuse and recycling, and responsible supply chain management.

2022-09-23 13:33

Shinsegae, Lotte to compete in metaverse

Competition among the two local retail giants, Shinsegae and Lotte, has ignited in the virtual world, which is emerging as new a future growth engine. There is a new trend of enjoying culture in the metaverse, where companies believe more and more people will spend their money - in virtual department stores and amusement parks - as they spend more time online.

Kim Jae-heun | 2022-09-23 08:35

Korea attracts $1.15 bil. investment from US

A total of seven U.S. companies in the semiconductor and secondary battery industries have pledged to invest a combined $1.15 billion in Korea to build plants, R&D centers and other facilities, the Ministry of Industry and Trade and Energy said, Friday.

Kim Hyun-bin | 2022-09-23 01:00

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