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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Business

Companies

Thu, June 1, 2023 | 11:10

Refiners' earnings outlooks bleak in Q2

Refiners' earnings outlooks bleak in Q2

The earnings outlooks of local refineries are expected to be somewhat underwhelming in the second quarter, hobbled by weakening demand due to the global economic downturn, according to market watchers, Friday.

Lee Kyung-min | 2023-05-05 16:22

Korean bio firms eye US market buoyed by bilateral pacts

Korean bio firms eye US market buoyed by bilateral pacts

Korean bio and pharmaceutical firms are seeking to expand into the U.S. market after the governments of the two countries agreed to expand cooperation in those sectors. The two governments signed 23 MOUs in the bio sector during President Yoon Suk Yeol's state visit to the U.S. last month. The agreements cover cooperation in research and development (R&D), as well as medical ...

Kim Hyun-bin | 2023-05-05 15:57

LX marks 2nd anniversary, total assets up 40%

LX marks 2nd anniversary, total assets up 40%

LX Group recently marked two years since its launch, after being spun-off from LG Group in 2021. As its total assets have increased by 40 percent under group chairman Koo Bon-joon's leadership, the management of LX Group has been characterized as stable and pursuing a steady external expansion policy as well as qualitative growth.

Kim Hyun-bin | 2023-05-05 14:20

Robots begin to replace humans in F&B industry

Robots begin to replace humans in F&B industry

An increasing number of local food firms and retailers are beginning to adopt a variety of robots to replace employees amid soaring wages as a result of a shortage of workers and as a way to boost work efficiency, industry officials said Thursday.

Kim Jae-heun | 2023-05-05 08:30

Celltrion chairman's shunned daughters seen as risk to company governance

Celltrion chairman's shunned daughters seen as risk to company governance

Celltrion is facing uncertainties over Chairman Seo Jung-jin's potential handover of his management rights to his two sons, Celltrion Board Chairman Seo Jin-seok and Celltrion Healthcare Board Chairman Seo Joon-serk, as it was found recently that his two daughters from an extramarital affair had been recognized last year as his biological children, according to industry offic...

Park Jae-hyuk | 2023-05-04 16:55

LS Group opens Dream Center to help Korean-Vietnamese families in Hanoi

LS Group opens Dream Center to help Korean-Vietnamese families in Hanoi

LS Group opened a center in Hanoi, Vietnam, Thursday, in collaboration with the Korea Partnership for Innovation of Agriculture (KOPIA), to provide employment and childcare assistance to Korean-Vietnamese households known as "Hanbe." According to the Hanoi Hanbe Family Association, the number of such households in Vietnam increased from about 500 in 2016 to 2,200 last year.

Kim Hyun-bin | 2023-05-04 16:43

GS E&C, LH play blame game over apartment construction site collapse

GS E&C, LH play blame game over apartment construction site collapse

GS E&C and Korea Land & Housing Corp. (LH) have drawn criticism for their attempts to shift the blame onto each other over the recent collapse of an apartment complex construction site in Incheon, according to industry officials, Thursday.

Park Jae-hyuk | 2023-05-04 15:35

POSCO International seeks to become top global grain producer

POSCO International seeks to become top global grain producer

POSCO International will become one of the world's top 10 grain producers by 2030 by securing more farmland and building more grain processing facilities abroad, the company said Wednesday.

Kim Hyun-bin | 2023-05-04 15:22

Emart showcases future of offline retail store

Emart showcases future of offline retail store

While many retailers have followed global trends by going online during COVID-19, Emart has focused on expanding its offline business. This has begun to bear results, according to company officials, Wednesday.

Kim Jae-heun | 2023-05-04 14:40

Korea woos GM's investment in electric vehicle facilities

Korea woos GM's investment in electric vehicle facilities

Korea's vice industry chief asked General Motors on Thursday to make an investment in production facilities for electric vehicles (EVs) in the country, as the Seoul government has extended support for nurturing the advanced industry sector, his office said.

2023-05-04 13:28

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