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Biz & Tech

Manufacturing

Fri, October 22, 2021 | 15:27

POSCO International Q3 net up 25.4% on brisk sales

POSCO International Corp. said Friday its third-quarter earnings swelled more than 25 percent from a year ago on strong sales stemming from rising material costs.

2021-10-22 14:31

LG backs govt's drive to boost hiring

LG Group promised to hire tens of thousands of people over the next three years as part of the government's youth job support program.

2021-10-21 16:38

HLB acquires in vitro diagnostic company

The local biotech company HLB acquired the in vitro diagnostic company FA in a move aimed at diversifying its business portfolio and securing a sustainable profit, the company said Thursday.

2021-10-21 14:00

Samsung prepares to comply with strengthened worker protection law

Samsung Group's compliance committee has told the conglomerate to have its affiliates embrace regulations on workplace safety and employee health, which will be strengthened starting next year.

2021-10-20 16:36

Korea's homegrown 'Nuri' space rocket awaits launch

Korea's homegrown “Nuri” space rocket is stationed at the Naro Space Center in Goheung, South Jeolla Province, Wednesday. The three-stage, liquid-fueled rocket, also known as the Korean Satellite Launch Vehicle II, will lift off on Thursday, carrying a 1.5-ton dummy satellite. If successfully launched, the payload will enter into a low orbit 600 to 800 kilometers ...

2021-10-20 14:47

Moderna approves local use of COVID vaccines

Moderna has approved the domestic use of its COVID-19 vaccines to be produced by its South Korean business partner Samsung Biologics, two sources directly involved with the matter said, Thursday. While chances are low the mRNA-based biotech Moderna will let Samsung Biologics handle the total distribution process of its vaccines to be manufactured at Samsung's facility in Inch...

2021-10-14 16:39

Soaring coal price to benefit POSCO, Hyundai Steel

POSCO and Hyundai Steel are anticipated to generate hefty profits in the second half of this year driven by the surging coal price in China that has led to a rise in the cost of steel production amid increased global steel demand.

2021-10-13 16:47

POSCO's patent-sharing pact for SMEs

Representatives from POSCO, the Ministry of Trade, Industry and Energy and industrial research institutes pose with copies of a joint agreement signed to bolster support for small- and medium-sized enterprises (SMEs), during a ceremony at the Hotel Samjung in southern Seoul, Tuesday. Under the agreement, POSCO will extend its copyright to more than 140 patents for free to 88 ...

2021-10-12 16:05

Toughened measures on trade, tariffs challenge Korean firms

A series of toughened international measures on cross-border trade and tariffs are posing challenges for major Korean companies that rely heavily on exports.

2021-10-11 16:27

LG Chem to set up technical service centers in US, Europe

LG Chem said Monday that it will build two technical service centers - one in the United States and one in Europe - as part of its efforts to better serve its customers and partner companies worldwide.

2021-10-11 14:29

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