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Reporter : Lee Kyung-min
Thu, March 30, 2023 | 12:04
Hyosung chairman wins top management award for global growth, future value creation
Hyosung Group Chairman Cho Hyun-joon has won the top management award for his contribution to the global growth of the group, the firm said Wednesday.
[CONTRIBUTION] Carbon neutrality and Korean manufacturing
In October 2021, the Korean government issued aggressive new greenhouse gas (GHG) reduction targets. These were accompanied by a scenario describing how the country could go carbon neutral by 2050. For the industrial sector, the government pledged by 2030 to reduce GHG emissions by 14.5 percent compared to 2018 levels.
Tax certainty, labor reform, better IP protection will help Korea become Asia's business hub: AMCHAM
Greater policy certainty in corporate taxes, flexibility in the labor market and enhanced intellectual property (IP) rights are needed to make Korea a regional business hub in Asia, according to the American Chamber of Commerce in Korea (AMCHAM Korea), Wednesday.
Kakao to create synergy with SM Entertainment
Kakao's high-tech IT value chain distribution channels will be combined with SM Entertainment's extensive intellectual property (IP), leading to mutually beneficial business expansion, the company CEO said Tuesday. Kakao and its entertainment subsidiary Kakao Entertainment together acquired a 39.87 percent stake in SM Entertainment, a leading local cultural content agency.
Bid Committee for World Expo 2030 Busan signs MOU with Hyundai Motor Group
The public-private committee promoting Busan's bid to host the World Expo 2030 has signed a memorandum of understanding (MOU) with Hyundai Motor Group, in a coordinated effort to illustrate the capabilities of Korea's infrastructure and technological advancements in high-tech and green electric vehicles (EVs), market watchers said, Tuesday.
Baby Shark named as 5th brand ambassador for World Expo 2030 Busan
The public-private committee promoting Busan's bid to host the World Expo 2030 has selected Baby Shark as the official ambassador for the international event, in an effort to help the Korea-originated global viral sensation raise awareness of the importance of a global coalition to counter climate change, the committee said Tuesday.
Kangwon Land's self-developed slot machines take off in Southeast Asia
Kangwon Land has opened a liaison office in Manila, the capital of the Philippines, to step up full-fledged sales and promotional activities of its own slot machine brand, KL Saberi, the state-run casino operator said Monday. By opening the liaison office, Kangwon Land hopes to boost its sales activities targeting casinos in Southeast Asia, including the Philippines.
Hyundai Glovis enters clean energy business
Hyundai Glovis, the logistics affiliate of Hyundai Motor Group, and GS Energy, the energy affiliate of GS Group, have teamed up to fortify ammonia-hydrogen energy cooperation, according to market watchers, Monday. The two signed a memorandum of understanding at Hyundai Glovis' headquarters in Seoul.
Samsung Display strike looms due to deadlocked wage negotiations
Samsung Display, the display manufacturing affiliate of Samsung Group, is facing a growing risk of a labor strike, the latest development in a months-long deadlock in wage negotiations between management and unionized workers, according to the firm and market watchers, Friday. The unionized workers said they plan to file a request for dispute resolution with the National Labo...
Over 70% of firms unwilling to embrace longer workweek
More than seven out of 10 firms said they are not willing to embrace the recently proposed longer workweek, a study showed Friday. Of those who said they would, almost three-quarters said the longer workweek will be implemented only temporarily in the event of a short-term demand surge, production disruption due to equipment malfunctions or peak season.
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