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Business

Wed, November 30, 2022 | 03:59

Korean-made unmanned ground vehicle showcased at US base

Korean-made unmanned ground vehicle showcased at US base

Korea's Hanwha Aerospace staged a capability demonstration of a homegrown multi-purpose unmanned ground vehicle at a key U.S. military base south of Seoul on Tuesday.

2022-11-29 17:11

Gov't vows to keep responding to US IRA for Korea's EV industry

Gov't vows to keep responding to US IRA for Korea's EV industry

The government vowed Tuesday that it will continue working to minimize the impact of the U.S. Inflation Reduction Act (IRA), which excludes buyers of electric vehicles (EVs) assembled outside North America from tax credits, by setting up short-, medium- and long-term goals. In the short term, the government will support domestic companies exporting eco-friendly cars for comme...

Baek Byung-yeul | 2022-11-29 17:09

Hyundai seeks to establish US battery plants with SK On, LGES

Hyundai seeks to establish US battery plants with SK On, LGES

Hyundai Motor is actively considering establishing a joint manufacturing plant in the U.S. with key battery makers, such as SK On and LG Energy Solutions (LGES), to better cope with the implementation of the Inflation Reduction Act (IRA), according to industry officials, Tuesday. Hyundai Motor Group and SK On signed a memorandum of understanding (MOU), Tuesday, to expand into...

Kim Hyun-bin | 2022-11-29 17:08

UK antitrust agency expected to approve Korean Air-Asiana deal

UK antitrust agency expected to approve Korean Air-Asiana deal

The U.K antitrust authority is expected to accept Korean Air's proposed corrections concerning the acquisition of its domestic rival Asiana Airlines, moving the high-profile takeover one step closer to reality, according to industry officials Tuesday. The U.K. Competition and Markets Authority (CMA) said Monday (local time) that it is considering the undertakings regarding co...

Kim Hyun-bin | 2022-11-29 17:08

Companies urge unionized truckers to end strike

Companies urge unionized truckers to end strike

Companies and business associations welcomed a presidential executive order, Tuesday, whereby 2,500 striking truckers in the cement industry could be criminally prosecuted. They said the order is a much-needed move to rein in a group of hardline militant union members, long governed by only self-interests at the expense of hard-working non-union counterparts.

Lee Kyung-min | 2022-11-29 17:05

President signs executive order to force striking truckers back to work

Lotte Group's credit rating hit by cash-strapped construction unit

Lotte Group's credit rating hit by cash-strapped construction unit

A persistent liquidity crunch at Lotte Group's construction unit prompted Korea's fifth-largest conglomerate to pour over 1 trillion won ($750 million) into Lotte E&C over the past month, despite a worsening credit outlook for other affiliates. In addition to fundraising from the group's affiliates and loans from banks, Lotte Group Chairman Shin Dong-bin's personal assets wer...

Park Jae-hyuk | 2022-11-29 15:57

Dongsuh Foods seeks to fortify digitalization capabilities

Dongsuh Foods seeks to fortify digitalization capabilities

Dongsuh Foods, a food and beverage firm, said its commitment to digitalization is bearing meaningful outcomes, as evidenced by higher productivity and overall safer manufacturing processes after investing 41.8 billion won ($31.5 million) for the construction of two smart factories over the past few years.

Lee Kyung-min | 2022-11-29 15:56

All-new Range Rover hits Korea's market

All-new Range Rover hits Korea's market

Jaguar Land Rover Korea launched the all-new Range Rover SUV with an aim to bolster its presence in the flagship luxury SUV segment, the company said Tuesday. The Range Rover is a model that defines how luxury SUVs should be. Since its debut in 1970, it has reigned as the boss of luxury SUVs. The company said its unrivaled luxurious sensibility and unique driving technology, ...

2022-11-29 15:18

POSCO obtains ResponsibleSteel certification for ESG management

POSCO obtains ResponsibleSteel certification for ESG management

Two steel plants operated by POSCO obtained certification for their contributions to the sustainable future of the steel industry, a feat underpinned by their efforts and management in advancing environmental, social and corporate governance (ESG) goals, the steel giant said Monday. The plants in Pohang and Gwangyang were given the certification on Nov. 31 (local time), after...

Lee Kyung-min | 2022-11-28 19:03

HDC offers IPARK City apartments in Suwon

HDC offers IPARK City apartments in Suwon

HDC said Monday that the construction company is currently selling the 10th, 11th and 12th apartment complexes of Suwon IPARK City. Located in Gwonseon-dong, Gwonseong District in Suwon, Gyeonggi Province, the Suwon IPARK City is a large-scale apartment complex brand that has gained popularity amongst new home buyers. HDC started selling the complex in 2009.

2022-11-28 17:04

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