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: Lee Hyo-sik
Sat, December 9, 2023 | 06:27
Samsung Heavy plagued by safety lapses
Samsung Heavy Industries has been grappling with a series of safety lapses in recent weeks, dealing a blow to its desperate campaign to win new orders to prop up its faltering bottom line. The incidents are feared to have tarnished the image of Korea’s third-largest shipbuilder and made it more difficult for the firm to secure new contracts abroad, according to industry analy...
| 2017-05-18 16:41
Hyundai Heavy, Samsung win patent suit
The Supreme Court ended a three-year-old patent dispute among Korea’s three major shipbuilders Wednesday, siding with Hyundai Heavy Industries (HHI) and Samsung Heavy Industries. The nation’s top court dismissed an appeal filed by Daewoo Shipbuilding and Marine Engineering (DSME), nullifying its patent over a technology that reliquefies evaporated liquefied natural gas (LNG). In January, DSME took the case to the Supreme Court after the Patent Court of Korea issued a ruling, which invalidated the struggling shipbuilder’s patent over boil off gas (BOG) liquefaction technology.
| 2017-05-17 16:24
Philip Morris unveils smoke-free cigarette in Korea
Phillip Morris has unveiled its IQOS smokeless cigarette in Korea, which it hopes will become a game changer to bring down KT&G’s 60 percent market share. The IQOS, comprising of a tobacco holder and a recharger, does not produce harmful smoke because it heats, not burns, tobacco sticks to generate a vapor that contains nicotine, according to the world’s largest tobacco compa...
| 2017-05-17 16:22
Korea shares nuclear communication knowhow with developing world
The Korea Nuclear Energy Agency (KNEA) has been sharing its communication knowhow and expertise with Egypt, the Philippines and other developing countries. The move is aimed at helping them more effectively deal with any possible social conflict arising from building and running nuclear power plants. In cooperation with the International Atomic Energy Agency (IAEA), the state...
| 2017-05-16 16:57
Dongwon chairman honored
Dongwon Group Chairman Kim Jae-chul, right, poses with New Zealand Ambassador to Korea Clare Fernley after receiving the Order of Merit of New Zealand at the embassy in Seoul, Tuesday. Kim was awarded for his outstanding contribution in boosting private sector exchanges between the two countries. / Courtesy of Dongwon Group
Kumho Tire hit by 'China discount'
Kumho Tire sales have plunged on increasingly reluctant foreign buyers as Double Star Tires is poised to acquire Korea’s second-largest tire maker, industry analysts said Tuesday. Automakers and tire dealers abroad, particularly those in North America and Europe, are concerned that the quality of Kumho tires will deteriorate under Double Star’s management due to the latter’s lack of managerial knowhow and technological prowess. Double Star is the world’s 34th largest by sales, while Kumho is the 14th largest. Buyers also expect the prices of Kumho tires will decline after the mid-tier Chines...
| 2017-05-16 16:40
Hyundai Heavy to close Gunsan shipyard
Hyundai Heavy Industries (HHI) is set to close a shipyard in Gunsan, North Jeolla Province, after it completes the construction of a last remaining crude carrier. But the provincial government and residents are protesting the shipbuilder’s decision, demanding it bring work from its main plant in Ulsan to keep its subcontractors, which employ hundreds of people in Gunsan and n...
| 2017-05-15 17:01
Sports leadership: necessary for becoming sports powerhouse
Recently, a 14-month journey of the PyeongChang 2018 test events came to an end with a great success, hosting 25 Olympic and Winter Paralympic test events at 12 venues in PyeongChang, as well as nearby in Jeongseon and Gangneung, Gangwon Province. Nearly 3,000 participating athletes and 2,600 officials from 45 nations gave overwhelmingly positive feedback about the venues and...
McDonald's Korea chief wins food safety award
The head of McDonald’s Korea has won a state award for leading the firm’s successful campaign in introducing healthier food containing no trans-fats and less salt and artificial additives, the fast food chain said Monday. Melanie Joh, managing director of McDonald’s Korea, received a Minister of Food and Drug Safety Award during the 16th Food Safety Day ceremony at Gwangwhamu...
| 2017-05-15 16:36
Cargill to build 5th feed mill in Korea
Cargill will build its fifth livestock feed mill here as early as 2018 to expand output and more effectively compete with market leader, the National Agricultural Cooperative Federation, or Nonghyup. The U.S. grain and livestock feed producer said it plans to explore more opportunities to invest and hire workers in Korea to capitalize on its growing animal food market, which ...
| 2017-05-14 17:43
Korea to expand visa benefits to accelerate inbound tourism
[INTERVIEW] Ex-NIS chief urges politicians to stop misusing spy agency
Why Korean shoppers flock to Chinese e-commerce sites
Seoul awards honorary citizenship to outstanding foreign residents
Seoul-Moscow ties likely stuck in limbo amid blame game
Will Korea avoid hard landing in housing market?
Hyundai Motor hires former US Ambassador to Korea Sung Kim as adviser
Aging founders return to save struggling construction companies
Hanwha signs $2.4 bil. deal to export infantry fighting vehicles to Australia
Overseas property investments to hinder Korea's securities firms
It's beginning to look a lot like Christmas
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