KoreaTimes - Business

The Korea Times

The Korea Times

The Korea Times

Business

Thu, September 28, 2023 | 15:39

Mercedes-Benz bolsters road safety campaign for children

Mercedes-Benz bolsters road safety campaign for children

Mercedes-Benz is diversifying efforts to bolster road safety for children by clinching diverse partnerships with a group of Korean safety authorities to solidify social consensus on the crucial issue.

2023-09-25 17:02

LG Uplus, Hanwha develop ceiling-mounted EV charging system

LG Uplus, Hanwha develop ceiling-mounted EV charging system

LG Uplus and Hanwha Corporation E&C have developed a ceiling-mounted electric vehicle (EV) charging system that does not require floor space to set up a conventional charging facility, the companies said Monday.

2023-09-25 15:54

Generative AI startups come together to expand ecosystem

Generative AI startups come together to expand ecosystem

Local startups specialized in generative AI gathered together to launch the Generative AI Startup Association (GAISA), which will create an ecosystem for domestic companies and explore collaboration opportunities in the emerging sector, they said Monday.

2023-09-25 15:02

SK earthon begins crude oil production in South China Sea

SK earthon begins crude oil production in South China Sea

SK earthon commenced crude oil production in the South China Sea at the Lufeng 12-3 oilfield for which the company won mining rights in 2015, the subsidiary of SK Innovation said Monday.

2023-09-25 14:07

Homeplus' private brand products hit store shelves in Mongolia

Korean major retailer Homeplus' private brand products are gaining attention from Mongolian consumers after the firm's distribution network expanded to the country earlier this month, according to the firm.

2023-09-25 11:50

Major Korean firms fare worse than US counterparts in H1

Major Korean firms fare worse than US counterparts in H1

Korea's major companies performed far worse than their U.S. counterparts in the first half of 2023 due to the sluggish chip and energy sectors amid a global economic slowdown, a report showed Monday.

2023-09-25 11:28

Broadcom to appeal Korean regulator's fine over unfair deal to Samsung Electronics

Broadcom to appeal Korean regulator's fine over unfair deal to Samsung Electronics

U.S. wireless chipmaker Broadcom said Monday it plans to seek an appeal against the Korean regulator's decision to slap a 19.1 billion-won ($14.3 million) fine for its unfair business practices against Samsung Electronics.

2023-09-25 10:09

POSCO wins highest corporate partnership grade

POSCO wins highest corporate partnership grade

Korea's leading steelmaker POSCO has won the highest level of corporate partnership index in an annual evaluation by the Korea Commission for Corporate Partnership (KCCP). The company said it is the country's only steelmaker that has been ranked at the highest level by the commission in its latest corporate partnership index evaluation.

2023-09-24 16:47

LG Chem to build LFP cathode plant with Huayou in Morocco

LG Chem to build LFP cathode plant with Huayou in Morocco

LG Chem agreed to build an LFP (lithium-phosphate-iron) cathode material plan with China’s Huayou Group in Morocco, which has a free trade agreement with the U.S., to mass produce cathode materials from 2026, the Korean company said Sunday.

2023-09-24 16:41

Samsung, SK relieved by revised chip restrictions on China

Samsung, SK relieved by revised chip restrictions on China

Samsung Electronics and SK hynix appear to be breathing a sigh of relief over the U.S. CHIPS and Science Act’s guardrails as the regulation, which aims to restrict China’s chip development technology, limits the expansion of advanced semiconductor production capacity to no more than 5 percent in China, according to industry officials and experts, Sunday.

2023-09-24 16:00

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