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Tue, October 3, 2023 | 06:17

Samsung, Doosan, Hanwha intensify robotics rivalry

Samsung, Doosan, Hanwha intensify robotics rivalry

Korea's major conglomerates are moving to tap deeper into the robotics industry as demand for collaborative robots is soaring amid rising labor costs, according to industry officials, Monday.

Lee Min-hyung | 2023-09-11 16:53

Hanwha cuts domestic solar module production, expands in US

Hanwha cuts domestic solar module production, expands in US

Diminishing demand for solar power generation in Korea has prompted Hanwha to downsize domestic production of solar modules and accelerate its expansion in the profitable U.S. market, according to industry officials, Monday.

Park Jae-hyuk | 2023-09-11 16:29

Korean battery makers threatened by rapid growth of Chinese rivals

Korean battery makers threatened by rapid growth of Chinese rivals

Concerns are growing that Korean battery makers could lose their dominance over Chinese competitors in the global market excluding China, as more electric vehicle (EV) manufacturers prefer to use inexpensive lithium iron phosphate (LFP) batteries instead of ternary batteries, according to industry officials, Monday.

Park Jae-hyuk | 2023-09-11 16:20

Pulmuone runs local food industry's first hydrogen truck

Pulmuone runs local food industry's first hydrogen truck

Pulmuone has deployed the local industry's first hydrogen truck to reduce the company's emissions and contribute to the country's carbon neutralization goal, the food company said Monday.

Ko Dong-hwan | 2023-09-11 15:46

Hyundai E&C inks partnership deal with energy IT startup

Hyundai E&C inks partnership deal with energy IT startup

Hyundai Engineering & Construction (Hyundai E&C) said Monday it has signed a partnership deal with a local energy IT startup via an equity investment in an effort to break into the power brokerage business.

2023-09-11 14:10

Hyundai Motor's vehicle sales in Russia come to standstill

Hyundai Motor's vehicle sales in Russia come to standstill

Hyundai Motor saw its sales plunge to an all-time low in Russia last month, according to the Association of European Business (AEB), Sunday. The association said Hyundai Motor sold only six vehicles in August, which accounts for 0.01 percent of the Russian market share, down 99.9 percent from 2,982 cars a year earlier.

Ko Dong-hwan | 2023-09-11 08:28

Samsung Group begins large-scale recruitment

Samsung Group begins large-scale recruitment

Samsung Group will begin accepting applications for new hires on Monday, marking the start of its large-scale recruitment for the second half of the year, the nation's largest conglomerate said Sunday. The group said its 20 affiliates, including Samsung Electronics, Samsung Display, Samsung Electro-Mechanics, Samsung SDI, Samsung C&T, Samsung Biologics, Samsung Life Insurance...

Baek Byung-yeul | 2023-09-10 16:25

Korea's overseas construction orders rise 20% in Jan.-Aug. period

Korea's overseas construction orders rise 20% in Jan.-Aug. period

Korean construction companies' overseas orders increased 20 percent in the January-August period from a year earlier to exceed $20 billion, industry data showed Sunday.

2023-09-10 11:10

Korean streamers still have chances to catch up with Netflix: expert

Korean streamers still have chances to catch up with Netflix: expert

Korea's homegrown streaming service operators, like Tving and Wavve, can compete with global media giant Netflix in the local market as long as they have effective plans to deal with rising production costs and viewers' changing preferences, a senior expert of a U.S. market analyst firm has said.

2023-09-10 09:39

Bleak outlook for wage negotiation weighs on automakers

Bleak outlook for wage negotiation weighs on automakers

The outlook remains bleak for automakers to reach a timely compromise with labor unions in wage negotiations as unionized workers refuse to back down from partial strikes against what they claim to be an “unsatisfactory” salary increases offered by management.

Lee Min-hyung | 2023-09-09 09:00

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