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Reporter : Lee Min-hyung
Thu, February 22, 2024 | 20:01
KITA accelerates improved Korea-Japan business ties
The nation’s trade association has established the Korea-Japan Special Exchange Committee to boost private business partnerships between the two countries amid thawing bilateral relations, the Korea International Trade Association (KITA) said Wednesday.
Concerns grow over Samsung Electronics as rivals advance in chips, smartphones, home appliances
Samsung Electronics is anxious over the growing risk of losing its once-dominant market position in its key businesses - memory chips, smartphones and even home appliances - as its rivals are rapidly closing the technology gaps and expanding their market shares, according to industry officials and data, Monday.
LS Electric opens EV parts plant in Mexico
LS e-Mobility Solutions has opened a new factory manufacturing safety parts for electric vehicles (EV) in Mexico, which the company said will become a strategic base for the supply of key EV components in North America.
Deadline nears with no agreement in sight for HMM sale
The sale of HMM, the nation’s leading container shipper, continues to face a conundrum, as its main creditor and a preferred bidder are showing no signs of narrowing their differences ahead of the negotiation deadline.
Hyundai Motor sets sales target for certified used vehicles to 15,000 for 2024
Hyundai Motor has set a sales target for its certified used vehicles to 15,000 this year and added electric vehicles (EVs) to its lineup from March, the automaker said Sunday.
Kia's market cap surpasses Hyundai Motor's
Kia has exceeded Hyundai Motor in corporate value for the first time in history, as what has long been considered a smaller carmaker is attracting more attention from investors due to its more evidently promising short-term growth strategies, according to analysts and experts, Thursday.
Korean Air soars smoothly as it looks to complete acquisition of Asiana Airlines
Korean Air appears to be on course to complete its acquisition of Asiana Airlines following the latest approval by Japan’s antitrust authority, which will positively influence the remaining screening procedures by the European Union and the United States, according to industry officials, Thursday.
POSCO, ADNOC deepen ties in hydrogen
Lee Jeon-hyeok, left, head of energy business unit at POSCO International, poses with Musabbeh Al Kaabi, center, executive director of the low carbon solutions and international growth directorate at ADNOC, and Cho Ju-ik, head of hydrogen business team at the POSCO Holdings, after they established a strategic partnership in clean hydrogen business, Tuesday. The three firms wi...
SMEs cry foul over controversial workplace safety act
The owner of a Seoul-based Mexican restaurant is concerned about the enactment of a pro-labor workplace safety act, as he will end up spending more on labor and legal consultations. He argued the act will also shrink the overall sentiment for most self-owned businesses, which will do little good in creating more jobs.
Lotte chief eyes biotech, metaverse, hydrogen, batteries as new growth engines
Lotte Group will realign its business portfolio to focus on four major new growth engines - bio technology, metaverse, hydrogen energy and secondary batteries - and take preemptive steps to sell its non-core businesses to maximize management efficiency, Chairman Shin Dong-bin said.
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