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Mon, July 4, 2022 | 15:25

DSME wins 1.07 tril. won order for 4 LNG carries from Qatar

Daewoo Shipbuilding & Marine Engineering (DSME) said Tuesday it has clinched a 1.07 trillion won ($850 million) order to build four liquefied natural gas (LNG) carriers under a deal with a Qatari state oil firm.

2022-06-07 16:33

Jeju Air to enhance competitiveness via cargo, new routes

Jeju Air, the country's largest low-cost carrier (LCC) by sales, will enhance its competitiveness by entering the cargo business and launching new international routes, the company CEO said Tuesday. He said that these changes, together with the countries' moves to ease quarantine measures, which bring hope for increased domestic and foreign air demand, should create a busines...

Kim Hyun-bin | 2022-06-07 16:17

Poll shows soaring grain prices put smaller food firms in a bind

More than eight in 10 smaller food firms in Korea have taken a hit from sky-high international grain prices caused by extreme weather events and Russia's invasion of Ukraine, a poll showed Tuesday.

2022-06-07 15:48

Samsung's de facto leader Lee leaves for Europe for chip biz

Samsung Electronics Vice Chairman Lee Jae-yong left for Europe, Tuesday, on a business trip that is likely to involve a visit to a semiconductor equipment maker in the Netherlands.

2022-06-07 15:48

KCCI to host Jeju Forum

The Korea Chamber of Commerce and Industry (KCCI) is scheduled to host the 45th Jeju Forum at Jeju Haevichi Hotel Resort for three days from July 13, inviting prominent speakers to address critical issues surrounding the business environment. The Jeju Forum is the largest corporate summer forum in Korea, but was suspended for three years due to COVID-19.

Kim Hyun-bin | 2022-06-07 15:23

Gov't launches IPEF response team

The government launched a response team on Tuesday, consisting of officials from various ministries including the industry and trade ministry, finance ministry and foreign ministry, in response to the recently-launched Indo-Pacific Economic Framework (IPEF), in order for Korea to play a leading role in the formation of the new international initiative.

Baek Byung-yeul | 2022-06-07 15:10

[ANALYSIS] IPEF to deepen Korean firms' 'dual-track' strategy with US, China

SPC Group acquires French restaurant chain Lina's

Korean food and beverage giant SPC Group said Tuesday it has acquired French restaurant chain Lina's to ramp up its global business.

2022-06-07 12:01

Imported car sales down 2.4% in May amid chip shortage

Sales of imported vehicles in Korea fell 2.4 percent last month from a year earlier as a chip shortage continued to affect vehicle production, an industry association said Tuesday.

2022-06-07 11:01

[Test Drive] Lamborghini Huracan EVO Spyder embodies both luxury and speed

Sant'Agata, Italy - Lamborghini is one of the first brands that come to mind when thinking of high-end supercars. And as the “raging bull” emblem suggests, drivers need to be ready for the speed and power its supercars bring.

Kim Hyun-bin | 2022-06-07 10:02

Volkswagen Group 'New Auto' aims to fulfill electrification prowess

Zwickau, Germany - The Volkswagen Group is in the process of conducting a major restructuring by transitioning from the traditional car manufacturing hardware business to become a global leading software mobility corporation through its “New Auto” initiative. The New Auto strategy focuses on four major segments - mechatronics, software, mobility and batteries and charging.

Kim Hyun-bin | 2022-06-07 10:01

[INTERVIEW] 'Volkswagen Group Korea to create synergy, efficiency among affiliated brands'

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