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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Business

Companies

Wed, February 1, 2023 | 04:52

Hyundai Oilbank, gov't at odds over release of recycled water

Hyundai Oilbank, gov't at odds over release of recycled water

Hyundai Oilbank was informed last October of the Ministry of Environment's plan to fine it 150.9 billion won ($122 million) for its alleged illegal misuse of wastewater, according to the oil refiner's parent company HD Hyundai, Tuesday. The size of the fine is larger than any other penalties that have been imposed on violators of environmental laws in Korea.

2023-01-10 14:25

Regulator OKs Lotte Chemical's takeover of copper foil producer

Regulator OKs Lotte Chemical's takeover of copper foil producer

Korea's antitrust regulator said Tuesday it has approved Lotte Chemical's merger with a local copper foil producer as the move is not likely to hinder fair competition.

2023-01-10 13:57

US committed to working with Korea on concerns over EV tax credit: State Dept.

US committed to working with Korea on concerns over EV tax credit: State Dept.

The United States is prepared to work with South Korea and other countries to address their concerns over the U.S. Inflation Reduction Act (IRA), a state department spokesperson said Monday.

2023-01-10 09:05

POSCO E&C starts 1st apt reconstruction project in Gangnam with Hauterre brand

POSCO E&C was finally selected as the construction company for an apartment reconstruction project in Bangbae-dong in southern Seoul's Gangnam District. This will be the first site to construct POSCO E&C's new Hauterre premium apartment brand launched last July.

2023-01-10 08:43

LG Energy Solution 2022 operating profit up 57.9% to $976 mil.

LG Energy Solution 2022 operating profit up 57.9% to $976 mil.

LG Energy Solution on Monday estimated its 2022 operating profit at 1.21 trillion won ($976 million), up 57.9 percent from a year earlier.

2023-01-09 18:04

LG Energy Solution posts weaker-than-expected Q4 operating profit

LG Energy Solution posts weaker-than-expected Q4 operating profit

LG Energy Solution posts weaker-than-expected Q4 operating profit

LG Energy Solution (LGES), a South Korean major secondary battery maker, on Monday reported a weaker-than-expected operating profit for the fourth quarter of last year, though its 2022 income surpassed the 1 trillion won ($801.92 million) mark for the first time.

2023-01-09 18:03

LG Energy Solution 2022 operating profit up 57.9% to $976 mil.

Severance Hospital tops NCSI ranking for two straight years

Severance Hospital tops NCSI ranking for two straight years

Severance Hospital took the top place in the industry-wide National Customer Satisfaction Index (NCSI) rankings for the second year in a row in 2022, according to the Korea Productivity Center (KPC), a local consultancy, Monday. The hospital's score for this year was 85 points, up one point from 2021. Severance Hospital was followed by Samsung Medical Center, Seoul St. Mary's...

2023-01-09 17:11

Nongshim opens Shin Ramyun pop-up store in Seoul

Nongshim opens Shin Ramyun pop-up store in Seoul

The country's largest instant noodle maker Nongshim opened the Shin Ramyun Cafeteria pop-up in Seoul on Monday, riding on the popularity of its metaverse version that gathered 40,000 visitors online. “After Shin Ramyun Zepeto Cup Noodle gained so much love, we decided to run a pop-up store in the real world to provide a unique experience to consumers,” a Nongshim official sai...

2023-01-09 16:55

Earnings shocks set to rock more Korean companies

Earnings shocks set to rock more Korean companies

Samsung Electronics and LG Electronics have been hit directly by the global economic downturn, and their performances in the fourth quarter of 2022 recorded negative earnings surprises of 70 percent and 90 percent, respectively, from the same period the year before. Their sluggish performance is expected to continue for the sector and industry officials believe other companie...

2023-01-09 08:21

CJ CheilJedang to conduct large-scale expansion into new markets

CJ CheilJedang to conduct large-scale expansion into new markets

CJ CheilJedang plans to expand its global presence in K-Food by entering into new markets other than the existing ones in the U.S., Europe and Japan, according to the company Sunday. CJ CheilJedang has decided to advance into Canada, Australia, Thailand, Indonesia and Malaysia.

2023-01-08 17:29

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