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Reporter : Kim Yoo-chul
Thu, February 9, 2023 | 07:48
Korea's top business lobby seeks more influence in US
The Korea Chamber of Commerce and Industry (KCCI) is considering opening up its first liaison office in Washington D.C., in a bid to defend the best interests of Korean companies in the United States, sources familiar with the issue told The Korea Times, Wednesday. The KCCI is the country's most-influential business lobby and is headed by SK Group Chairman Chey Tae-won.
LG says battery recall issue with GM settled
LG Energy Solution (LGES), a global top-tier electric vehicle (EV) battery producer, said Tuesday it has agreed with General Motors to settle all outstanding issues regarding a recent battery recall.
Bank of Korea set to freeze key rate in October
The local equity market is still full of uncertainties and many investors are taking a wait-and-see approach, while bond market participants expect the Bank of Korea (BOK) to leave its key rate unchanged at 0.75 percent during an October monetary policy meeting.
Korea backs Samsung, SK over US moves for defense law
South Korea is on track to defend the best interests of the country's top two chipmakers - Samsung Electronics and SK hynix - as Korea's top trade negotiator officially stated his “grave concerns” regarding the Biden administration's move to apply the Defense Production Act (DPA).
Samsung eyeing expanded business ties with AMD, Intel
Samsung Electro-Mechanics, a Samsung Group affiliate specializing in the manufacture of electronic and electrical components, is pushing to expand its collaborations with top-tier tech companies as global chip shortages are expected to continue well into next year.
NongHyup's donation campaign on Jeju Island
NongHyup Financial Group Chairman Son Byung-hwan, second from left, poses after holding a corporate social responsibility program for welfare centers on Jeju Island, Friday. Under the program, NongHyup delivered 1,500 packages of agricultural products for islanders in need. Courtesy of NongHyup Financial Group
[ANALYSIS] Inflation concerns to push Bank of Korea to remain hawkish next year
The central bank continues to signal a benchmark rate hike as the latest developments in economic growth and inflation are forcing the Bank of Korea (BOK) to take pre-emptive steps.
DL's $1.6 billion acquisition boosts stock price
The share price of DL jumped 7.92 percent at Tuesday's close with investors hailing its affiliate's decision to acquire a U.S. company to expand its presence in the booming specialty chemical business sector.
Samsung asks US to give more tax credits for chip investment
A senior Samsung Electronics executive has asked the Biden administration to offer more tax incentives in order to move forward with its planned massive semiconductor investments in the United States. In a Korea Society program titled, “The US-Korea Global Partnership: Supply Chain and Semiconductors,” Samsung's Kim Won-kyong, who oversees both the company's global public aff...
LG takes steps toward cutting battery costs, enhancing features
During a recent battery event organized by Tesla, CEO Elon Musk said that he was aiming to set a $25,000 price target for electric vehicles (EVs) by 2023. This target is being considered quite ambitious as today's least expensive EV model is about $38,000.