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Reporter : Kim Hyun-bin
Sun, November 27, 2022 | 00:36
Used car sales plummet amid soaring interest rates, economic downturn
The local used car market is starting to cool off as the economic downturn and soaring interest rates are leading to a sharp decrease in sales of secondhand cars nationwide, according to industry officials, Thursday.
Hanwha Group chief and his sons meet Heritage Foundation founder
Hanwha Group Chairman Kim Seung-youn met with Edwin John Feulner Jr., founder of the conservative American think tank, the Heritage Foundation, and discussed a wide array of current issues, including global economic issues and diplomatic events, as well as ways to enhance friendly relations between Korea and the U.S., the company announced, Wednesday. The dinner meeting took ...
Samsung chief visits partner firm's smart factory in Busan
Samsung Electronics Chairman Lee Jae-yong visited Dong-A Plating, a medium-sized company located in Noksan National Industrial Complex in Busan, the company said, Tuesday. After becoming chairman of Samsung Electronics on Oct. 27, Lee visited a partner company in Gwangju as his first on-site management destination. For his second visit, he toured Dong-A Plating in Busan, wher...
Porsche customers, dealers left in dark after abrupt halt of Taycan shipments
Porsche customers and dealers are increasingly frustrated with the German luxury car brand after it abruptly halted the delivery of its electric vehicle (EV) model, the Taycan, according to customers and industry officials, Tuesday. Customers and dealers alike have been left in the dark for over a month not knowing why the delivery of vehicles has been suspended since the end...
Lobby groups call for tax cut to increase investments, employment
Six major business lobby groups submitted a request to the National Assembly for the swift passage of a pending corporate tax reduction bill so that companies can better respond to the expected economic downturn next year, according to the business community, Monday.
Korea advised to bring smart grid tech to Vietnam, Indonesia, India, Philippines
Domestic companies operating smart grid businesses are advised to enter Vietnam, Indonesia, India and the Philippines to enhance their performance in a market, which shows annual growth of 18.2 percent, according to Korea International Trade Association (KITA) report released, Monday.
POSCO International to invest $2.67 billion in 3 years after POSCO Energy merger
POSCO International, which is set to merge with POSCO Energy, unveiled a plan to invest 3.8 trillion won ($2.67 billion) by 2025 to become a global energy company, during a company shareholders' meeting, which was held on Friday.
'Future of Korea-Germany economic cooperation is decarbonization and ESG': KCCI
Korean and German business lobby groups emphasized the importance of decarbonization and establishing a strong foundation for environmental, social and corporate governance (ESG) principles during the Korea-Germany Business Roundtable held at the Grand Hyatt Hotel in Seoul Friday.
Lotte, Hyundai Motor Group team up to expand EV charging infrastructure
Hyundai Motor Group and Lotte Group are teaming up to expand electric vehicle (EV) charging infrastructure, according to company officials Thursday. The two have formed an alliance to strengthen the mobility sector, which has been emphasized by Hyundai Motor Group Executive Chair Chung Euisun and Lotte Group Chairman Shin Dong-bin.
Korea highly dependent on foreign chip equipment: KITA
Korea's dependence on semiconductor equipment from the U.S., Japan and the Netherlands has reached 77.5 percent, sparking worries that the high level of dependence could be geopolitically and diplomatically risky in the future. Some experts are advising Korea to join the Chip 4 Alliance to ensure a stable supply of semiconductor equipment, according to a Korea International T...
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