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Fri, July 1, 2022 | 02:35
POSCO International, GS Caltex cooperate in eco-friendly bio business
POSCO International and GS Caltex have joined hands to promote an eco-friendly bio business based on palm oil. POSCO International signed a memorandum of understanding (MOU) for the joint development of the eco-friendly bio business at GS Tower, Friday, in the presence of POSCO International CEO Joo Si-bo and GS Caltex CEO Hur Sae-hong.
SK surpasses Hyundai Motor to become Korea's 2nd largest conglomerate
SK Group has become Korea's second-largest business group in terms of assets, surpassing Hyundai Motor Group, thanks to its rapidly growing semiconductor and battery businesses, according to the Fair Trade Commission (FTC), Wednesday.
Hyundai Heavy grapples with series of daunting tasks
Hyundai Heavy Industries (HHI) is facing a range of daunting tasks as it tries to emerge from its years-long business slump, according to industry officials, Wednesday. The shipbuilder is grappling with government probes into its safety records following the recent death of a subcontracted worker at its plant in Ulsan.
Lotte hopes for pardon of chairman
Lotte Group is paying keen attention to whether Chairman Shin Dong-bin will be included in the government's planned special pardons for Buddha's Birthday on May 8, as the conglomerate needs leadership stability to push ahead with its entry into bioscience, healthcare, mobility and other new businesses, according to company officials Tuesday.
Hyundai Mobis aims to develop future mobility technologies
Hyundai Mobis is developing innovative technologies to provide differentiated mobility and unique experiences to customers. The company aims to bolster its commercialization system by introducing technologies to respond to the new environment of future mobility based on autonomous driving.
Biz lobby groups seek pardons for Samsung, Lotte chiefs
Five business lobby groups are calling on the Moon Jae-in administration to grant special pardons for Samsung Electronics Vice Chairman Lee Jae-yong and Lotte Group Chairman Shin Dong-bin. The groups are arguing for such measures saying that Korea Inc. needs such business leaders in order to fully exert its potential amid an increasingly uncertain global economic outlook. The...
Companies urged to refrain from 'excessive' wage hikes
The Korea Enterprises Federation (KEF) is urging Samsung, SK, LG, Hyundai Motor and other large companies to refrain from excessively raising salaries and bonuses, citing increasingly uncertain economic conditions and worsening youth unemployment, KEF officials said Monday. Instead, businesses should pay more attention to hiring young workers and making wage structures more p...
More companies jump into NFT markets
Major conglomerates are jumping into the non-fungible token (NFT) business, which has been gaining attention as a rising blockchain-based service. Not only are large information technology (IT) and telecommunication companies issuing NFTs and expanding platforms, but manufacturing giants such as Samsung Electronics, LG Electronics, SK and Hyundai Motor are also engaging in NF...
KSU nominates Kim Jae-youl to compete for ISU presidency
A Samsung Group executive will run for the top post of the International Skating Union (ISU) after current ISU President Jan Dijkema announced that he will step down.
President-elect calls on leading companies to help Busan win 2030 World Expo bid
President-elect Yoon Suk-yeol met with Korea Chamber of Commerce and Industry (KCCI) Chairman Chey Tae-won and representatives of the top 10 conglomerates in Busan, Friday, asking for their support for the southern port city to win its bid to host the 2030 World Expo.
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