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Asia

The Korea Times

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Wed, February 1, 2023 | 06:52

Fila Holdings included in S&P Dow Jones Sustainability Indices

Fila Holdings included in S&P Dow Jones Sustainability Indices

Fila Holdings was newly included last month in the 2022 Standard & Poor's Dow Jones Sustainability World Indices (DJSI) Korea - a key benchmark for companies' environmental, social and corporate governance (ESG) management, the company said Tuesday. DJSI is a family of evaluations published by international financial information agency S&P Global, tracking the world's leading...

Kim Jae-heun | 2023-01-10 16:49

Third launch of Nuri space rocket planned for May: KARI

Third launch of Nuri space rocket planned for May: KARI

Korea's Nuri, a space rocket developed by the Korea Aerospace Research Institute (KARI), will be able to launch in early May, the science ministry-affiliated research institute said Tuesday. The first launch in October 2021 failed but the second one in June last year succeeded. A final preparation review will be conducted Wednesday, to get the go-ahead to launch the rocket, a...

Lee Kyung-min | 2023-01-10 16:49

IONIQ 5 bestselling EV in Korea

IONIQ 5 bestselling EV in Korea

Hyundai Motor's IONIQ 5 topped the list for the best-selling electric vehicle (EV) in the domestic market last year, according to industry officials, Wednesday. Last year's annual domestic sales of EVs reached a record high as five domestic automakers exceeded 120,000 vehicles sold. The share of the EV market occupied by Hyundai Motor and Kia Corp. reached 97 percent among do...

Kim Hyun-bin | 2023-01-10 16:43

LG Innotek's exhibit attracts over 20,000 visitors at CES

LG Innotek's exhibit attracts over 20,000 visitors at CES

LG Innotek completed its first exhibition at the Consumer Electronics Show 2023 (CES) recently held in Las Vegas, U.S., showcasing cutting-edge products, the company said Monday. In the past, the company participated in the CES in the form of a closed exhibition and introduced its products only to specific customers. This is the first time LG Innotek presented products, rangi...

Kim Hyun-bin | 2023-01-10 16:42

Korea's nuclear reactor export bids gain traction in Africa

Korea's nuclear reactor export bids gain traction in Africa

Officials from state-run nuclear power companies will visit Uganda this week, upon a request from their counterparts in Africa for a consultation to build two 1,000-megawatt (MW) reactors by around 2030, according to market watchers and Korea Hydro & Nuclear Power (KHNP), Tuesday. The project which could amount to $9 billion (11.3 trillion won) is the latest development in th...

Lee Kyung-min | 2023-01-10 16:06

Weakening COVID-19 set to boost cosmetics, travel industries

Weakening COVID-19 set to boost cosmetics, travel industries

It might be too early to say that the COVID-19 pandemic will end soon. But the Korea Productivity Center (KPC), a local consultancy, says some industries will get a big boost this year as the pandemic is set to become endemic around the world. The KPC publishes the National Customer Satisfaction Index (NCSI) rankings every year.

Lee Kyung-min | 2023-01-10 15:58

LG Energy Solution in talks with Ford for Turkey battery plant

LG Energy Solution in talks with Ford for Turkey battery plant

LG Energy Solution, Korea's leading electric vehicle (EV) battery maker, said Tuesday it is "in talks" with Ford Motor to build a battery plant in Turkey.

2023-01-10 14:53

POSCO raises $2 bil. via overseas debt sale

POSCO raises $2 bil. via overseas debt sale

POSCO, Korea's top steelmaker, said Tuesday it has raised $2 billion by selling debts overseas, its largest-ever overseas debt sale.

2023-01-10 14:46

POSCO Int'l to enter palm oil refining business in Indonesia

POSCO Int'l to enter palm oil refining business in Indonesia

POSCO International has decided to enter the palm oil refining business in Indonesia as part of their bold investments in core businesses such as energy, food and eco-friendly parts, the company said, Tuesday. The company announced that it recently decided to invest $200 million in the palm oil refining business in Indonesia.

Kim Hyun-bin | 2023-01-10 14:41

Korean shipbuilders' global market share inches up in 2022

Korean shipbuilders' global market share inches up in 2022

Korean shipbuilders saw their global market share edge up in 2022 from a year earlier despite decreased new orders, industry data showed Tuesday.

2023-01-10 14:37

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