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Reporter : Kim Yoo-chul
Sun, December 5, 2021 | 11:26
LG Chem to create joint venture with Toray
LG Chem, the country's top chemical manufacturer, said Wednesday that it has agreed with Japan's Toray to establish a 50:50 joint venture in Hungary.
Chip shortage forces Hyundai Motor to cut investment
Hyundai Motor announced it will reduce its investment in manufacturing as it continues to deal with the global semiconductor shortage.
Samsung supports gov't as Korea shifts to 'Living with COVID-19'
When the justice ministry decided to parole Samsung Vice Chairman Lee Jae-yong, local politicians and senior government officials were expecting an expanded role for the Samsung leader in striking COVID-19 vaccine supply deals with the United States.
SK sees silver lining in acute chip shortage
The world's No. 2 chipmaker sees a silver lining in the severe semiconductor shortage that U.S. Secretary of Commerce Gina Raimondo claimed will take a long time to fix.
LG vice chairman to lead battery affiliate
In a rather surprise move, LG Group Chief Operating Officer and Vice Chairman Kwon Young-soo was appointed as LG Energy Solution (LGES) CEO, LG said, Monday.
Kakao Pay affirms trust in AliPay
A top executive at Kakao Pay dismissed concerns that its share price could suffer from imminent market overhang as its No. 2 stakeholder, China's AliPay, won't unload its stakes held in the Korean company.
Samsung's 1st US battery venture to go online in 2025
Samsung SDI, the battery affiliate of Samsung Group, said Friday that its first joint venture (JV) in the United States will start production in the first half of 2025 at the earliest.
Naver, Kakao ask Netflix to pay for network usage
The founders of Naver and Kakao asked global content streaming service providers to pay internet service providers (ISPs) for the network usage generated by their popular platforms.
Edison Motors named as preferred negotiator for SsangYong
The Seoul Bankruptcy Court has named Edison Motors-led consortium as the preferred negotiator for the ailing SsangYong Motor, the court said Wednesday evening.
Amid US-China row, Tesla's growth benefits Korean suppliers
Tesla's continuing growth in the electric vehicles (EVs) business is providing a clear rationale for why it makes sense to invest in the company's parts suppliers in Korea.
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