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Reporter : Lee Hyo-sik
Wed, September 27, 2023 | 23:50
GE pioneers digital transformation
General Electric (GE) has transformed itself into the world’s first digital industrial company by actively embracing software, data and analytics, urging its Korean partners to do the same to remain as competitive global players. Bill Ruh, chief digital officer of GE and CEO of GE Digital, said there is a lot of potential in industrial companies in Korea and some of them are ...
Companies | 2017-08-30 16:43
Sanofi Pasteur unveils 4-strain influenza vaccine
Sanofi Pasteur Korea has unveiled its latest four-strain influenza vaccine, which it says will provide broader protection against viruses in the coming winter season. The vaccine-making arm of French pharmaceutical giant, Sanofi, said Tuesday it will begin selling Vaxigrip Tetra in September. It added the sales of its vaccine here will outpace ones manufactured by Glaxo Smith...
Companies | 2017-08-29 19:08
Hanon Systems riding on booming electric car market
Securities firms are rushing to raise their outlook for Hanon Systems as the air-conditioning and heating systems for vehicles manufacturer is riding high on the booming electric and other eco-friendly car markets. Eugene Investment & Securities issued a report Monday, saying it is increasing its target price for Hanon Systems, headed by CEO Lee In-young, to 15,000 won per sh...
Companies | 2017-08-28 17:29
OB preaches importance of clean water
Oriental Brewery (OB) has been mobilizing substantial resources to raise public awareness about the importance of preserving clean water as its signature corporate social responsibility (CSR) campaign. Over the years, Korea’s largest brewer has actively funded and participated in a range of activities to clean rivers and improve water quality, as well as staging a water conse...
Companies | 2017-08-28 17:11
Taking lead in age of digital transformation
A business leader often has to make challenging decisions even if it means altering their firm’s entire identity. Decisions may also include determining the direction the company is going such as deciding whether to acquire and sell businesses. In today’s disruptive environment, a crucial requirement for a leader is to look into the future, to identify trends before your comp...
2017-08-27 16:34
Calling for disruptive innovation
SK Group Chairman Chey Tae-won speaks during the 2017 Icheon Forum at the SKMS Center in Icheon, Gyeonggi Province, Thursday. While concluding the four-day in-house forum under the theme of “understanding deep change,” Chey called on employees of Korea’s third-largest conglomerate to double their efforts to bring disruptive innovation to its businesses. / Courtesy of SK Group
2017-08-25 15:59
DSME supplies submarine parts to Hyundai Heavy
Daewoo Shipbuilding & Marine Engineering (DSME) will supply submarine parts valued at 215 billion won ($190 million) to Hyundai Heavy Industries (HHI), the company said Friday. DSME signed a supply contract with Hyundai Heavy to deliver three parts essential for a 3,000-ton submarine by 2021. HHI won a contract from the Defense Acquisition Program Administration (DAPA) last year to construct the third 3,000-ton submarine as part of the 10 trillion won Chang Bogo-III project. In 2012, DSME was chosen to build the first and second submarines, which are now under construction. The same parts ar...
Companies | 2017-08-25 15:56
Tax agency raids Hanwha
Tax investigators have raided Hanwha Group’s headquarters and the offices of its two defense units in what some industry analysts call the government’s widening corruption probe into the defense industry. The National Tax Agency (NTS) said Friday it sent about 100 investigators the previous day to the Hanwha headquarters in Seoul and the offices of Hanwha Techwin in Changwon,...
Companies | 2017-08-25 14:55
Kyochon Chicken struggling abroad
Kyochon Chicken has been struggling to set up a presence in the United States, China and other foreign markets as it has failed to appeal to consumers there. One of Korea’s largest fried chicken franchises also has often run into trouble with foreign business partners. Over the past few years, Kyochon, BBQ and other franchises made inroads into foreign markets to find new sou...
Companies | 2017-08-24 16:43
Hyundai Heavy hit by surplus manpower
Hyundai Heavy Industries (HHI) is asking 5,000 workers to take unpaid leave beginning in September as it doesn’t have enough ships to build until June of next year. Korea’s largest shipbuilder said Thursday it asked union leaders to help persuade 30 percent of its 17,000-strong workforce to take time off from work without pay, stressing it must reduce labor costs to stay afloat amid the prolonged industry slump. The company said it cannot force employees to take leave, meaning each individual has to agree to it. If the number does not reach 5,000, management plans to suspend some production ...
Companies | 2017-08-24 16:34
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