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Reporter : Kim Yoo-chul
Tue, January 31, 2023 | 22:13
LG Electronics report record-high quarterly profit
The ongoing COVID-19 pandemic has boosted LG Electronics' profits from its home appliances division due to increased demand for goods such as TVs, washers and refrigerators.
China's steel output cut to boost POSCO
Steel giant POSCO reported its highest quarterly profit in a decade amid continued stronger steel prices. POSCO marketing executives said the company's inventory plus solid demand for steel-embedded products will help it report better-than-expected earnings this year.
AMCHAM launches ESG committee
The American Chamber of Commerce in Korea (AMCHAM) announced in a statement Friday that it has launched a committee to oversee environmental, social and governance (ESG) goals.
'Samsung is strong competitor': TSMC founder
There is growing attention over why TSMC Founder Morris Chang described Samsung as its biggest threat a few weeks ahead of a planned summit between President Moon Jae-in and U.S. President Joe Biden in Washington D.C.Chang's rare comments came when Samsung Electronics is gauging the “right timing” of its massive new semiconductor investment plan in the United States.
Woori Bank considers investing in local general agent
Woori Bank is considering investing in a local independent general agent (GA) as the bank aims to diversify its business portfolio, local industry sources said Friday.
Hyundai Motor, NH invest in golf platform
Hyundai Motor Group has teamed up with NH Investment & Securities and the Korea Development Bank (KDB) to invest in a local golf platform. The aim is to capitalize on the surge in the number of people playing golf in Korea amid the continued spread of COVID-19, as people seek to play sports outdoors.
[INTERVIEW] Innovative local high-tech suppliers will enable Korea to truly lead chip market
YONGIN, Gyeonggi Province - Jusung Engineering Chairman Hwang Chul-joo is considered a legendary figure, one of the small number of entrepreneurs who founded Korea's first-generation venture companies.
Korea to intervene in Nvidia-ARM merger process
The country's top anti-trust regulator said Wednesday that it will intervene in a proposed merger between Nvidia and British chip designer ARM Holdings, as the approval of the proposal may hurt fair market competition.
Finance minister 'conveyed' request to pardon Lee Jae-yong
Finance Minister Hong Nam-ki said Tuesday that he conveyed to the “parties in charge” requests from the country's business lobby groups for a presidential pardon for Samsung Vice Chairman Lee Jae-yong.
Moderna considers establishing Korean affiliate
Moderna is considering establishing an affiliate in Korea, with the U.S.-based biotech company letting a local company handle the production of its COVID-19 vaccines, a leading local brokerage said, Tuesday.