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Sun, November 27, 2022 | 02:06
Samsung chief expected to attend funeral of Queen Elizabeth II
Samsung Electronics Vice Chairman Lee Jae-yong is in the United Kingdom (U.K.) and is expected to attend the funeral of Queen Elizabeth II, according to industry officials, Sunday. Lee arrived in the U.K. and is known to be engaged in business activities at present. Initially, he was scheduled to meet with U.K. Prime Minister Liz Truss as a special envoy to the president and ...
KCCI chief meets Japan's key Expo 2025 bid committee figures
Korea Chamber of Commerce and Industry (KCCI) Chairman Chey Tae-won, left, poses with Expo 2025 Osaka-Kansai Promotion Committee Vice Chairman Masayoshi Matsumoto after holding a meeting in Tokyo, Thursday, on ways to win the bid to host the World Expo 2030 in Busan. Chey also met with key figures of Japan's bid committee. Courtesy of KCCI
Hyundai Motor bets on battery recycling business
Hyundai Motor Group has begun a company-wide initiative to enter the waste battery business at home and abroad, according to company officials, Thursday. Kia signed a contract recently to supply waste batteries with a German state-owned railway company, and Hyundai Motor formed a task force team for the waste battery business in a joint venture with Hyundai Mobis and Hyundai ...
Volkswagen launches first EV ID.4 in Korea
Volkswagen Korea launched its first pure electric SUV ID.4 at a launch ceremony held at the Grand Walkerhill Seoul, Thursday. “This beautiful compact luxury SUV features Volkswagen's unique intelligent design, identity and visionary technology. This EV provides a very solid driving feeling and a nice interior experience,” Sacha Askidjian, president of Volkswagen Korea said. “...
SK to invest $48 billion outside greater Seoul area over 5 years
SK Group will invest 67 trillion won ($48.1 billion) over the next five years to foster the semiconductor, biopharmaceutical and energy industries in areas outside Seoul, Incheon and Gyeonggi Province, Korea's second-largest business group said, Wednesday. The investment is largely designed to help revitalize regional economies and achieve a more balanced national development.
Genesis wins design awards at IDEA 2022
The Genesis has won a total of two awards, including one Silver Award at the 2022 International Design Excellence Awards (IDEA) hosted by the Industrial Design Society of America (IDSA), the company said, Wednesday. IDEA is considered one of the world's top three design awards, along with Germany's iF Design Award and Red Dot Design Award, and has been the leading design awar...
Korean firms on alert over US move to favor domestic bio industry
Korean biopharmaceutical companies are expected to face pressure from the U.S. government to set up production facilities there, as the world's largest economy is moving to favor locally manufactured drugs and other medical products, according to industry officials, Tuesday. Samsung Biologics, Celltrion and other companies, which produce a range of drugs for multinational pha...
SK chief all-in to attract support for World Expo 2030 in Busan
SK Chairman Chey Tae-won is scheduled to visit Japan and the U.S. to attempt to win support for Korea's bid to host the World Expo 2030 in Busan, according to industry officials, Tuesday. Chey, who also serves as the chairman of the Korea Chamber of Commerce and Industry (KCCI), is expected to depart for Japan, Thursday, and meet with Prime Minister Fumio Kishida, which will ...
Hyundai Motor achieves Triple Podium at WRC Acropolis Rally Greece
Hyundai Motor achieved a “Triple Podium,” in which Hyundai World Rally Team players took the first, second and third places in the 11th tournament of the 2022 World Rally Championship (WRC) held in Greece from Sept. 8 to 11 (local time), the company announced, Monday. The Acropolis Rally returned to the WRC last year after eight years and was held at significant Greek landmar...
Samsung chief campaigns abroad for Busan's expo bid
Samsung Electronics Vice Chairman Lee Jae-yong visited Mexico City on Sept. 8 (local time) and met with Mexican President Andres Manuel Lopez Obrador, requesting Mexico's support for Korea's bid to host the World Expo 2030 in Busan, according to company officials Monday. Lee talked to Obrador about Samsung Electronics' local businesses in Mexico and thanked the Mexican govern...
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