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Wed, November 30, 2022 | 08:50

Jeju Air resumes Incheon-Nagoya route, plans more flights to Japan

Jeju Air resumes Incheon-Nagoya route, plans more flights to Japan

Jeju Air, Korea's biggest budget carrier, said Tuesday it has resumed the Incheon-Nagoya route in two and a half years, as eased virus restrictions have unleashed pent-up travel demand.

2022-11-22 11:14

LG Chem to build 1st US cathode plant in Tennessee

LG Chem to build 1st US cathode plant in Tennessee

LG Chem, Korea's top chemical producer, said Tuesday it will build its first U.S. cathode plant in Tennessee as it accelerates its overseas push in North America to respond to the growing demand for electric vehicle (EV) components.

2022-11-22 09:38

US inflation reduction act likely to cut Korea's car exports by 4.2% in 2023

US inflation reduction act likely to cut Korea's car exports by 4.2% in 2023

Korea's automobile exports could drop 4.2 percent to 2.1 million units next year, if the U.S. refuses to offer tax benefits for consumers purchasing Korean electric vehicles (EVs) manufactured outside of North America, in accordance with the Inflation Reduction Act, the Korea Automotive Technology Institute (KATECH) said Monday. KATECH said in its report that the Korean autom...

Park Jae-hyuk | 2022-11-21 17:36

Gov't to announce tangible Saudi projects before year's end

Gov't to announce tangible Saudi projects before year's end

The government will announce up to 10 trillion won ($7.3 billion) in construction projects in Saudi Arabia, in the latest development in a series of government-level initiatives to solidify mega business deals, Land Minister Won Hee-ryong said Monday. The Korea-Saudi joint projects will be expanded to encompass culture, defense, energy and infrastructure building, in what he ...

Lee Kyung-min | 2022-11-21 17:12

Netflix subsidiary signs $100 mil. deal with Seoul for new production studio

Netflix subsidiary signs $100 mil. deal with Seoul for new production studio

Eyeline Studios, a subsidiary of global video streaming giant Netflix, has signed a deal with Seoul City to invest $100 million to introduce in the Korean capital a new video production studio that promises hundreds of new job opportunities.

Ko Dong-hwan | 2022-11-21 16:59

Korea's key manufacturers face bleak outlook in 2023

Korea's key manufacturers face bleak outlook in 2023

Korea's leading manufactures are expected to face major setbacks in 2023 due to multiple challenges, including declining exports, an industrial downturn, weakened consumer sentiment and surging inventory levels, an industry ministry-affiliated research institute report showed Monday. Compounding the woes of the export-reliant economy are unfavorable global economic and financ...

Lee Kyung-min | 2022-11-21 16:54

SK hynix's new plant in Yongin to pick up speed

SK hynix's new plant in Yongin to pick up speed

SK hynix solved a problem that has hindered the global-leading chipmaker from building new plants in Yongin, Gyeonggi Province, by striking an agreement to take in industrial water from the nearby city of Yeoju, according to the Ministry of Trade, Industry and Energy, Monday. The industry ministry said SK hynix, Yeoju City and Korea Land & Housing Corporation (LH) signed a me...

Baek Byung-yeul | 2022-11-21 16:52

Retailers ride on World Cup marketing

Retailers ride on World Cup marketing

Convenience stores and other retailers have launched a marketing blitz related to the ongoing World Cup in Qatar as they try to break through the current consumption slump, caused by rising interest rates and soaring inflation, according to industry officials Monday. The retailers had halted their marketing activities following the deadly crowd crush in Itaewon, Seoul, on Oct...

Kim Jae-heun | 2022-11-21 16:48

LG Chem innovates sustainable eco-friendly biz with R&D

LG Chem innovates sustainable eco-friendly biz with R&D

LG Chem is focusing on sustainability as its key competitiveness factor and increasing research and development in the eco-friendly sector. The company's development of post-consumer recycled (PCR) plastics is one good example of its efforts to utilize waste resources.

Kim Jae-heun | 2022-11-21 16:47

Hyundai Motor's EVs lead carbon neutral efforts at World Cup

Hyundai Motor's EVs lead carbon neutral efforts at World Cup

Hyundai Motor Group is going all out to showcase its eco-friendly image at the 2022 FIFA World Cup in Qatar, according to industry officials, Monday. The carmaker is providing 983 official vehicles (616 Hyundai and 367 Kia cars) as a sponsor during the World Cup, including 316 eco-friendly cars, becoming the first to sponsor electric vehicles (EVs) at the global football extr...

Kim Hyun-bin | 2022-11-21 16:02

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