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Reporter : Kim Hyun-bin
Sun, July 3, 2022 | 16:48
The 15th World Forestry Congress ends, addresses crucial environmental issues
The 15th World Forestry Congress came to a close Friday with global environmental leaders discussing major nature-based solutions to climate change and other eco-friendly measures during the five-day event held at COEX in Seoul. The World Forestry Congress is held every six years under the supervision of the Food and Agriculture Organization of the United Nations (FAO). Fores...
Major conglomerates set up contingency plans, prepare for worst-case scenario
A number of conglomerates are setting up contingency plans preparing for the worst-case scenario as uncertainties are mounting, including rising inflation, interest rate hikes, lockdowns in China and the war in Ukraine. Hanwha Solutions, Hanwha Energy, Hanwha Impact, and Hanwha Total Energy's petrochemical and energy business divisions held a meeting, Thursday, to review mana...
Korea's 100 ESG champions announced
Korean companies are taking the initiative to enhance their environmental, social and corporate governance (ESG) practices to be aligned with global trends, with many carrying out restructuring to establish ESG committees that can better aid sustainability efforts.
Why Biden plans to meet heads of top 4 business groups
U.S. President Joe Biden is reportedly seeking to meet with the heads of Korea's four major conglomerates during his state visit here later this month. The event, if realized, will be a venue for Biden to ask for more Korean investments in the U.S., according to industry officials, Thursday. The U.S. president is scheduled to visit Korea from May 20 to 22, during which he pla...
Lotte seeks to acquire US CMO plant to enter bioindustry
Lotte Group is in the process of acquiring a bioindustry contract manufacturing (CMO) plant in the U.S., according to the investment banking industry, Thursday. The move comes after the conglomerate declared the bioindustry as its new growth engine. CMOs specialize in producing biopharmaceuticals developed by other companies.
Kakao seeks to generate 10 trillion won in commerce transactions
Kakao Corp., the operator of Korea's top mobile messenger, KakaoTalk, plans to generate 10 trillion won ($7.9 billion) in transactions via its various commerce channels this year by creating synergy, the company CEO said on Wednesday. "As mentioned in the previous earnings announcement, this year, we aim to create synergy between various commerce services in Kakao and activat...
Samsung expands 5G equipment business in US
Samsung Electronics has expanded its presence in the U.S. telecommunications market by winning a second order for 5G communication equipment worth 1 trillion won ($790 million), according to company officials Wednesday. Samsung said it was selected as a 5G communication equipment supplier for Dish Network, the fourth-largest U.S. mobile communication service provider. Samsung...
Gov't urged to simplify entry process for visitors to revitalize tourism
The government should simplify entry procedures for visitors at the nation's airports and seaports to boost the number of inbound travelers, airline and tourism industry officials said Tuesday. They called on the Moon Jae-in administration to scrap mandatory PCR tests on inbound tourists and relax other COVID-19 quarantine measures, as well as speeding up visa issuances to fo...
[EXCLUSIVE] SK Telecom to raise wages by 2.5%
SK Telecom (SKT) is set to increase employee wages and welfare for this year in hopes of better satisfying and retaining workers, after some of its IT industry competitors made headlines for their significant pay raises, according to company officials Tuesday. The officials said SKT's management and union have agreed to increase the base wage by 2.5 percent, up from the 1.9 p...
More women breaking glass ceiling in food, retail industry
Global food and retail companies operating here are appointing more women to their top posts, as it has become more important for businesses to understand and target female consumers who wield increasing power over domestic decisions, according to industry officials Monday.
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