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Wed, October 4, 2023 | 23:16

Industry minister vows to nurture EV sector as new export growth engine

Industry minister vows to nurture EV sector as new export growth engine

New Industry Minister Bang Moo-kyu visited a factory of Hyundai Motor on Tuesday and vowed extended support for the electric vehicle (EV) sector to boost the country's exports and the overall economic growth, his office said.

2023-09-26 15:32

Hyundai Steel decides to form steel pipe unit

Hyundai Steel decides to form steel pipe unit

Hyundai Steel, Korea's No. 2 steelmaker, decided Tuesday to set up a steel pipe subsidiary as part of efforts to boost competitiveness by streamlining its business portfolio.

2023-09-26 14:08

LG Chem focuses on maximizing social, environmental values

LG Chem focuses on maximizing social, environmental values

LG Chem has focused on activities to maximize social and environmental values in education, ecosystem, economy and energy sectors, since the chemical firm declared its Green Connector vision in August 2020.

2023-09-26 11:31

POSCO International to enter US grain market

POSCO International to enter US grain market

POSCO International Vice Chairman Jeong Tak, left, shakes hands with Savage CEO Kirk Aubry in Kansas City, Monday (local time), after the Korean firm signed a joint venture framework agreement with Bartlett and Company, a Savage subsidiary that exports grain to Mexico. POSCO International said Tuesday that the agreement will enable the company to enter the U.S. grain market. ...

2023-09-26 10:51

E-book platform Millie Seojae to sell shares at $17.1

E-book platform Millie Seojae to sell shares at $17.1

Millie Seojae, one of South Korea's leading e-book platforms, will sell shares in its initial public offering at a price of 23,000 won ($17.1) per share, according to the Korea Exchange on Tuesday.

2023-09-26 10:00

Korean biz sentiment remains subpar for October: poll

Korean biz sentiment remains subpar for October: poll

Korea's business sentiment remained below par for October amid growing concerns over an economic slowdown, a poll showed Tuesday.

2023-09-26 09:59

Russian company to acquire Hyundai's local plant with buyback option: reports

Russian company to acquire Hyundai's local plant with buyback option: reports

A Russian company will purchase Hyundai Motor's manufacturing plant in St. Petersburg, which has been dormant since March 2022, Russian media reported Monday citing its industry minister.

2023-09-26 09:30

For closer business ties between Korea, Vietnam

For closer business ties between Korea, Vietnam

Korean Enterprises Federation Chairman Sohn Kyung-shik, left, shakes hands with Chairman of the Ho Chi Minh City People’s Committee Phan Van Mai, after holding a meeting at Lotte Hotel Seoul, Monday. Both sides agreed to expand partnerships to ensure safer supply-side exchanges and elevate ties in state-of-the-art tech areas. Courtesy of Korea Enterprises Federation

2023-09-26 03:08

Mercedes-Benz bolsters road safety campaign for children

Mercedes-Benz bolsters road safety campaign for children

Mercedes-Benz is diversifying efforts to bolster road safety for children by clinching diverse partnerships with a group of Korean safety authorities to solidify social consensus on the crucial issue.

2023-09-25 17:02

LG Uplus, Hanwha develop ceiling-mounted EV charging system

LG Uplus, Hanwha develop ceiling-mounted EV charging system

LG Uplus and Hanwha Corporation E&C have developed a ceiling-mounted electric vehicle (EV) charging system that does not require floor space to set up a conventional charging facility, the companies said Monday.

2023-09-25 15:54

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Top 10 Stories

1	Public transit fares to increase in Seoul and Busan this week

2	Ruling party vows to investigate China's alleged influence operations

3	Genesis GV80 Coupe looks to compete with Mercedes-Benz, BMW

4	Korean steelmakers on alert over initiation of EU carbon border tariff

5	Korean shipbuilders seek lead over Chinese rivals in selling LNG carriers to Qatar

6	30 out of 74 major financial companies lack female board member

7	Hyundai, Kia to extend earnings rally on strengthening dollar, solid sales

8	Dong-A Socio Group’s honorary chairman passes away at 96

9	Lawmakers want chairmen of financial firms held accountable over misconduct

10	Returning home from Chuseok holiday

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