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Sun, November 27, 2022 | 21:30

SPC to establish safety management committee

SPC to establish safety management committee

SPC Group has launched a new safety management committee to take follow-up measures in response to the recent accidental death of a female worker last month at its affiliated bakery production facility in Pyeongtaek, Gyeonggi Province. Former Yonsei University President Jeong Kap-young will lead the committee as its first chairman.

Kim Jae-heun | 2022-11-14 16:53

Samsung's Lee expected to meet MS, ASML CEOs this week

Samsung's Lee expected to meet MS, ASML CEOs this week

Samsung Electronics Executive Chairman Lee Jae-yong will meet chief executive officers of Microsoft and chip equipment maker ASML later this week, sources said Monday.

2022-11-14 16:40

Sales of Burger King Korea, Mom's Touch in limbo

Sales of Burger King Korea, Mom's Touch in limbo

Uncertainties have been growing over the sales of the Korean units of McDonald's, Burger King and KFC, as well as Mom's Touch, as the current owners struggle to find interested buyers, according to industry officials, Monday. Since their current owners put the fast food franchises up for sale earlier this year, capital market insiders have regarded the firms as overvalued.

Park Jae-hyuk | 2022-11-14 15:48

'Milkflation' effects seen across food industry

'Milkflation' effects seen across food industry

The sharpest-ever raw milk price hike has not only resulted in a rise in milk prices, but also caused worries over additional increases in the prices of dairy products, such as cheese, flavored milk, ice cream, bread and coffee. Binggrae, for example, announced on Friday that its flagship Banana-flavored Milk in a 240-milliliter plastic bottle will be sold for 1,700 won ($1.3...

Park Jae-hyuk | 2022-11-14 14:12

Korean Air Q3 net soars as travel demand recovers

Korean Air Q3 net soars as travel demand recovers

Korean Air, Korea's biggest carrier, said Monday its third-quarter net profit more than tripled from a year earlier on recovering travel demand amid eased virus curbs.

2022-11-14 11:53

POSCO's typhoon-hit facilities likely to be fully recovered in Q1: ministry

POSCO's typhoon-hit facilities likely to be fully recovered in Q1: ministry

Korea's top steelmaker POSCO is expected to fully normalize its facilities damaged by a September typhoon during the first quarter of next year, the industry ministry said Monday.

2022-11-14 11:45

IRA implementation 'should be discussed' in light of Korean firms' contributions to US economy: Biden

IRA implementation 'should be discussed' in light of Korean firms' contributions to US economy: Biden

U.S. President Joe Biden expressed a favorable attitude toward Korea companies, Sunday, at a time when the U.S.' implementation of the Inflation Reduction Act (IRA) is expected to bring a negative impact on Korean carmakers and battery makers. This is considered a step further, following his letter to President Yoon Suk-yeol last month in which he said the two countries shoul...

Baek Byung-yeul | 2022-11-13 21:31

Yoon, Biden, Kishida agree to strengthen extended deterrence against North Korea

Hyundai Motor Group chief emphasizes bold decisions to counter climate change

Hyundai Motor Group chief emphasizes bold decisions to counter climate change

The world needs determination and leadership to use more sustainable energy sources such as renewable and hydrogen to tackle the climate change crisis, Hyundai Motor Group Chairman Chung Euisun told business leaders attending the G20 Summit, Sunday. “Now is the time for bold decisions. And now is the time for leadership,” Chung said during his keynote speech at the 2020 Busin...

Baek Byung-yeul | 2022-11-13 16:28

Hyundai Motor signs supply deal with Indonesian aluminum producer

Hyundai Motor signs supply deal with Indonesian aluminum producer

Hyundai Motor said Sunday it has forged a partnership with an Indonesian aluminum supplier as part of efforts to meet the growing demand for the material amid an accelerating industrial transition to electric vehicles (EVs).

2022-11-13 16:25

Samsung SDI, Sungkyunkwan University to nurture 100 battery experts by 2032

Samsung SDI, Sungkyunkwan University to nurture 100 battery experts by 2032

Samsung SDI, the battery manufacturing affiliate of Samsung Group, and Sungkyunkwan University will establish joint courses whereby 100 young promising undergrads will be educated and trained to develop their interests and careers in the secondary battery industry over the next decade, the firm said Sunday. The program is the latest in a series of future growth strategies out...

Lee Kyung-min | 2022-11-13 16:12

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