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Sun, November 27, 2022 | 01:47

Kia urged to end job guarantees for union workers' children

Kia urged to end job guarantees for union workers' children

The government is urging Kia Corp., Korea's second-largest automaker, to end its employment guarantees for unionized workers' children, as the collective agreement may violate a law that ensures fair employment opportunities for everyone, according to the labor ministry and industry officials, Wednesday. According to the Ministry of Employment and Labor, the Anyang branch of ...

Kim Hyun-bin | 2022-11-23 16:26

Korea to reduce dependence on China for exports, eyes Middle East, America and EU

Korea to reduce dependence on China for exports, eyes Middle East, America and EU

The government will mobilize utmost efforts to fine-tune export strategies, under a broader goal of fortifying Korea's trade balance which is showing signs of a greater-than-expected deficit, according to nine economy-related ministries, Wednesday. Chief among the objectives is strengthening the overseas expansion of 15 growth-driving local manufacturing industries, including...

Lee Kyung-min | 2022-11-23 16:24

Norway offers Korean consumers fresh mackerel

Norway offers Korean consumers fresh mackerel

Norway offers fresh, nutritious and safely processed mackerel to Korean consumers, according to a state-run organization that promotes the Scandinavian country's seafood products, Tuesday. “Norwegian mackerel grown in cold water is known for a consistently high level of essential fatty acids such as healthy omega-3 EPA/DHA fatty acids. This high fat content is the reason why ...

Baek Byung-yeul | 2022-11-23 16:02

Korea Post to transform old post offices into community spaces

Korea Post to transform old post offices into community spaces

Korea Post will transform around 400 post offices that are over 35 years old into new offices equipped with community spaces for local residents, according to the head of the state-run agency, Wednesday. They will also serve as support centers for business startups to help achieve balanced development in provincial areas.

Baek Byung-yeul | 2022-11-23 16:02

Naver expresses intention to participate in Saudi's Neom project

Naver expresses intention to participate in Saudi's Neom project

Korean internet portal giant Naver on Wednesday expressed its intention to participate in Saudi Arabia's lucrative Neom smart city project with its up-to-date digital twin technology.

2022-11-23 15:54

LS Group chief conducts first personnel reshuffle

LS Group chief conducts first personnel reshuffle

LS Group Chairman Koo Ja-eun has conducted his first reshuffle of the group's top management since taking helm of the group at the beginning of the year. LS Group retained most of the CEOs of its major subsidiaries to focus on organizational stability and minimizing external and organizational changes in consideration of the global economic downturn, although the conglomerate...

Kim Hyun-bin | 2022-11-23 15:22

Elon Musk names Korea among top candidates for EV investment

Elon Musk names Korea among top candidates for EV investment

Tesla CEO Elon Musk said on Wednesday Korea is among its top candidates for electric vehicle (EV) investment as the company pushes to build a gigafactory for EVs in Asia, Korea's presidential office said.

2022-11-23 11:21

LG Energy Solution logs highest quarterly earnings in Q3

LG Energy Solution logs highest quarterly earnings in Q3

LG Energy Solution, the rechargeable battery manufacturing affiliate of LG Group, said Tuesday that its sales and operating profit in the third quarter have reached an all-time high, propelled by robust sales in the U.S. and Europe. Sales of 7.64 trillion won ($5.63 billion) in the July-September period were up 89.9 percent from 4.27 trillion won a year earlier and up 50.8 pe...

Lee Kyung-min | 2022-11-23 08:23

Emart workers demand bonuses for successful sales promotions

Emart workers demand bonuses for successful sales promotions

The E-mart workers' union is demanding Shinsegae Vice Chairman Chung Yong-jin offer employees “reasonable” compensation for the success of the SSG Sale promotional event recently, according to company officials Tuesday. Shinsegae is the operator of E-mart, the country's largest retail store chain.

Kim Jae-heun | 2022-11-22 16:58

Key Korean manufacturers increase market shares in US, China

Key Korean manufacturers increase market shares in US, China

The global market share of Korea's 13 major export items increased by 0.22 of a percentage point in 2020-2021 amid the pandemic, rising to fourth place in the world backed by stronger-than-expected sales in the U.S. and China, according to a report released Tuesday.

Kim Hyun-bin | 2022-11-22 16:36

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