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Fri, February 23, 2024 | 13:54
POSCO Future M starts building Gwangyang battery materials plant to supply Samsung SDI
GWANGYANG, South Jeolla Province - POSCO Future M started building a high-nickel NCA (nickel, cobalt and aluminum) cathode materials plant in the southern port city of Gwangyang, South Jeolla Province, Thursday, aiming to supply all of the electric vehicle (EV) battery materials produced at the factory to Samsung SDI.
POSCO Group to replace heads of major affiliates
POSCO Group announced its decision on Wednesday to replace the CEOs of major affiliates as the nation’s fifth-largest business group prepares to appoint a new chairman following the upcoming regular general meeting of its holding firm’s shareholders on March 21.
Korean firms investing in US, Southeast Asia hit by global minimum tax
Korea’s implementation of the OECD's global minimum corporate tax initiative, the first of its kind in the world, has become an additional financial burden on companies that have invested in the U.S. and Southeast Asia when seeking tax benefits, according to industry officials, Wednesday.
Samsung chief's return to board delayed as prosecutors appeal court acquittal
Samsung Electronics decided once again to keep Executive Chairman Lee Jae-yong from joining its board, despite a local court acquitting him of stock price rigging and accounting fraud charges during the 2015 merger of two affiliates, the ...
Gaming firms recruit lawyers to cope with Yoon's hardline policies
Gaming firms' demand for lawyers has been growing recently as the Yoon Suk Yeol administration's tough stance on the industry has increased their legal risks, according to industry officials, Tuesday.
Netflix, YouTube unlikely to budge on Korea's call for lowering streaming fees
The government’s ongoing efforts to curb rising streaming fees are expected to weigh only on Korean service providers without exerting much influence on market-dominant global players, such as Netflix and YouTube, according to industry officials, Monday.
Uzbek businessman donates $75,000 for multicultural families in Korea
An Uzbek businessperson who leads the Korean subsidiary of the country's state-run carmaker, UzAuto Korea, donated 100 million won ($75,000) to Friends of Hope, Korea Food for the Hungry International (KFHI) to help the children of multicultural and marginalized families here, the international relief organization said Monday.
[Reporter's Notebook] Ministries frustrated as Yoon repeatedly delays policy briefings
The sudden delay of President Yoon Suk Yeol’s visit to Germany and Denmark from Feb. 18 to 24 was not a surprise - at least not for the government officials and reporters, who have become used to the presidential office repeatedly putting off annual policy briefings given by each minister at the beginning of the year.
SKT, KT, LG Uplus to vie for AI leadership at MWC Barcelona
Korea’s three mobile carriers will look for strategies to outstrip their rivals in the artificial intelligence (AI) sector, through their forthcoming participation later this month in MWC Barcelona 2024, an annual telecommunications technology convention, formerly called the Mobile World Congress, the companies said Sunday.
S-Oil CEO asks Yoon to increase tax incentives for firms making long-term investments
S-Oil CEO Anwar Al-Hejazi received a positive response from President Yoon Suk Yeol to his company’s request to deduct taxes for a longer period of time for firms that make long-term investments with large-scale projects, Saudi Arabia’s Aramco-owned refiner said, Thursday.
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