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Biz & Tech

Manufacturing

Sun, July 5, 2020 | 04:01

POSCO again delays resumption of blast furnace amid virus

POSCO again delays resumption of blast furnace amid virus

Steelmaker POSCO has again pushed back the date to restart its third blast furnace due to the global recession sparked by the COVID-19 pandemic, a company official said Saturday.

Ko Dong-hwan | 2020-07-04 12:37

SK' s blood donation campaign

SK' s blood donation campaign

SK Group employees donate blood at their headquarters in downtown Seoul, Friday, as part of the conglomerate's blood donation campaign to address Korea's blood shortage in the wake of the COVID-19 pandemic. Courtesy of SK Group

Nam Hyun-woo | 2020-07-03 17:26

Incubating center for SMEs

Incubating center for SMEs

POSCO Chairman Choi Jeong-woo, left, poses with Minister of SMEs and Startups Park Young-sun during the opening ceremony of a startup-incubating center in Gangnam-gu, Seoul, Wednesday. The center was jointly set up by POSCO and the ministry. Courtesy of POSCO

Nam Hyun-woo | 2020-07-01 16:33

Korea reliant on Japan's key industrial components

Korea reliant on Japan's key industrial components

Korea remains reliant on Japan's industrial materials and parts even after Seoul has increased localization efforts of the materials over the past year in the wake of Tokyo's export restrictions, a report showed Tuesday.

Nam Hyun-woo | 2020-06-30 17:16

Korea-Japan conflict has no way out

Samsung leader Lee wins panel's backing in succession issue

Samsung leader Lee wins panel's backing in succession issue

After an independent review of the ongoing prosecution investigation into Samsung Electronics Vice President Lee Jae-yong, a panel of experts concluded Friday that the de facto head of the Samsung Group should not be indicted.

Kim Hyun-bin | 2020-06-26 17:03

Union to join EU review on HHI-DSME merger

Union to join EU review on HHI-DSME merger

The Korean Metal Workers' Union (KMWU) will participate in a European Commission investigation on the planned acquisition of Daewoo Shipbuilding & Marine Engineering (DSME) by Korea Shipbuilding & Offshore Engineering, the holding firm of Hyundai Heavy Industries (HHI), according to industry officials, Thursday.

Nam Hyun-woo | 2020-06-25 17:38

Hanwha tapped as main suitor for Hyundai Rotem

Hanwha tapped as main suitor for Hyundai Rotem

Despite denials by Hyundai Motor Group over its possible plan to sell off Hyundai Rotem, the country's train and defense equipment manufacturer, sources familiar with the issue said Hyundai still has an interest in unloading the defense equipment affiliate as Rotem continues its dismal performance.

Kim Hyun-bin | 2020-06-25 17:23

SK chairman emphasizes value of sustainability in business

SK chairman emphasizes value of sustainability in business

SK Group Chairman Chey Tae-won stressed the significance of environmental, social and corporate governance (ESG) factors in running businesses, demanding unit CEOs consider them as major components of company value.

Nam Hyun-woo | 2020-06-24 17:37

Hanwha VP asked to realign group portfolio

Hanwha VP asked to realign group portfolio

If a leadership transition succeeds, a company could be very successful over the following years or even decades. Successful or not, transitions have direct consequences as stakes are high.

Kim Hyun-bin | 2020-06-24 17:11

Korea's trade minister begins WTO chief bid

Korea's trade minister begins WTO chief bid

Trade Minister Yoo Myung-hee launched her campaign for the position of World Trade Organization (WTO) director-general, Wednesday, arguing the organization needs to recover its lost functions of promoting trade pacts and settling disputes.

Nam Hyun-woo | 2020-06-24 16:45

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