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Reporter : Lee Kyung-min
Wed, November 30, 2022 | 08:31
KAIST president to call for global efforts to navigate digitization
Korea Institute of Science and Technology (KAIST) President Lee Kwang-hyung will deliver a keynote speech at an international forum in Seoul, Friday, the Daejeon-based university said Thursday. The academic event is the latest joint initiative between KAIST and New York University, a month after the two opened a joint campus in New York City in September.
KT&G urged to spin off ginseng unit to bolster corporate value
Flashlight Capital, a Singaporean activist private equity fund, has recommended Korean cigarette manufacturer KT&G spin off its ginseng business for a stock listing, in a critical step toward recovering corporate value amid a global trend toward environmental, social and corporate governance (ESG) considerations, according to market watchers, Wednesday.
'There is no Korea-US alliance when it comes to money'
A lawsuit filed in the U.S. by Westinghouse Electric Company against two Korean state-run counterparts over claims of intellectual property (IP) violations indicates how fast financial interests can weaken the Korea-U.S. alliance, market watchers said Wednesday. Many say the desperate last-minute maneuvering by the American nuclear power firm is designed only to undercut Kore...
Why Hyundai Motor chief goes to US so often
Hyundai Motor Group Chairman Chung Euisun left for the U.S., Monday, in a preemptive move to meet with policymakers with substantial influence in mapping out the specifics of the Inflation Reduction Act (IRA), according to market watchers, Tuesday. His most pressing task is to buy time until after the car giant's Georgia manufacturing plants begin operating in 2025, about two...
Open Net in the pocket of Google Korea: lawmaker
Open Net, a non-profit private organization established with the sole sponsorship of Google Korea, is spearheading a campaign against a bill that requires the Korean office of the global IT giant to pay a substantial internet usage fee, a parliamentary science and ICT committee member said Tuesday.
CJ group chairman's son promoted to lead food biz strategy
Lee Sun-ho, the only son of CJ Group Chairman Lee Jay-hyun, has been promoted to lead the group's food businesses and growth strategies, it said Monday. He will lead a division of CJ CheilJedang, the group's food ingredient manufacturing affiliate, as chief global growth officer (CGGO).
Only 3 Korean firms included in global top 100 chipmakers: study
Only three Korean firms made the list of the world's top 100 semiconductor powerhouses by market cap, a study showed Monday, apparently indicating that the global competitive edge of Korea's growth drivers is being blunted due to low overall productivity and high unit prices.
Recent housing price fall 'not sharp': land minister
The land minister said the recent downward trajectory of housing prices is “not sharp,” and that the dip of around 6 percent in the first eight months of this year is relatively small compared to the over 50-percent increase in housing prices seen over the past few years. The real estate market slowdown is happening as part of macro-economic and financial conditions, such as ...
Lawmaker blames Kakao's greed, neglected infrastructure investment for outage
KakaoTalk, the most widely used messenger app in Korea, generated about 2.6 trillion won ($1.8 billion) in sales from advertisements over the past 18 months, at the expense of corporate expenditure to fortify system operations and stability, a ruling party lawmaker said. Insufficient preventative measures amplified the service outage at an SK C&C data center in Seongnam, Gyeo...
LS Cable & System seeks rapid overseas expansion into Europe
LS Cable & System, the cable manufacturing affiliate of LS Group, has won a supply order of about 240 billion won ($167 million) in high-voltage, direct current (HVDC) cables for the Norfolk Boreas Offshore Wind Farm in the United Kingdom (U.K.), the firm said Thursday.
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