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Asia

The Korea Times

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Companies

Wed, February 1, 2023 | 04:26

POSCO Holdings opens 'Silicon Valley office to foster ventures

POSCO Holdings opens 'Silicon Valley office to foster ventures

POSCO Holdings has begun operating a startup development facility for venture companies in Silicon Valley's San Jose the company said Wednesday. It held an opening ceremony for the CHANGeUp GROUND Silicon Valley office, Tuesday (local time), inviting 70 relevant officials from Korea Development Bank, the Korea Venture Investment Corp., Samsung, SK Group and Hanwha Group.

Kim Jae-heun | 2023-01-11 16:37

Hyundai Motor Group wins 11 Good Design Awards

Hyundai Motor Group wins 11 Good Design Awards

Hyundai Motor Group said Wednesday that its SEVEN and Trailer Drone concept vehicles were recognized at the 2022 Good Design Awards in the transportation category, while its Plug & Drive (PnD) Mobility robotic module, PnD L7 and Mobile Eccentric Droid (MobED) robot have won awards in the robotics category. “Hyundai Design strives to forge strong connections between our custom...

Kim Jae-heun | 2023-01-11 16:35

Kakao employees decry end of remote work

Kakao employees decry end of remote work

Kakao's recent decision to end its full work-from-home system has prompted a rapid increase in the number of the IT firm's employees who have joined the firm's labor union, according to industry officials, Wednesday. Earlier this week, the proportion of Kakao employees who have joined the Krew Union, a group of unionized workers of the company and its affiliates, reportedly s...

Park Jae-hyuk | 2023-01-11 16:32

Tesla criticized for battery fire, malfunctions

Tesla criticized for battery fire, malfunctions

Tesla Korea has found itself facing criticism following a series of high-voltage battery failures, while one of its electric vehicles caught on fire while being repaired at a service center. Jitters have been increasing among many drivers of the popular EV over the possibility of their electric vehicle (EV) catching on fire, industry officials and Tesla drivers said, Wednesda...

Kim Hyun-bin | 2023-01-11 16:06

Hyundai chief meets US official over IRA issue

Hyundai chief meets US official over IRA issue

Hyundai Motor Group Executive Chair Euisun Chung has discussed with a senior U.S. official about the Inflation Reaction Act (IRA) issue in Seoul, the company said Wednesday.

2023-01-11 15:33

Ex-Osstem Implant employee gets 35-year prison term for massive embezzlement

Ex-Osstem Implant employee gets 35-year prison term for massive embezzlement

A former employee of dental implant maker Osstem Implant was sentenced to 35 years in prison Wednesday for embezzling company funds worth 221.5 billion won ($178.1 million).

2023-01-11 15:22

Lotte Biologics to invest $3 bil. for 3 plants in Korea by 2030

Lotte Biologics to invest $3 bil. for 3 plants in Korea by 2030

Lotte Biologics, a pharmaceutical unit under the retail giant Lotte Group, said Wednesday it will invest $3 billion to build a bio industrial complex in Korea by 2030 that houses three plants.

2023-01-11 13:39

Consumers frustrated with food firms' price hikes despite falling raw material costs

Consumers frustrated with food firms' price hikes despite falling raw material costs

A 35-year-old office worker named Kil is definitely not happy with food and beverage companies raising prices on all of their products from the beginning of this year. “The price of water went up, the price of soda went up, the price of fried chicken went up and processed food prices went up. How are people going to live with all the food prices going up? They already increas...

Kim Jae-heun | 2023-01-11 08:17

Personal info of 180,000 LG Uplus customers leaked

Personal info of 180,000 LG Uplus customers leaked

LG Uplus, Korea's third-largest wireless carrier, said Tuesday the personal information of 180,000 customers has been leaked.

2023-01-10 17:51

SK Inc. to hold SK Bio Night to seek new opportunities in US

SK Inc. to hold SK Bio Night to seek new opportunities in US

SK Inc. and its affiliates including SK biopharmaceuticals and SK pharmteco will hold a networking event to expand their partnerships in the U.S., the world's largest bio and pharmaceutical market. SK Inc. announced that it will hold SK Bio Night on Jan. 11 at the Four Seasons Hotel in San Francisco.

Kim Hyun-bin | 2023-01-10 16:58

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