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Sat, July 2, 2022 | 20:24

HD Hyundai conducts world's 1st autonomous navigation on merchant ship

A unit of HD Hyundai, formerly known as Hyundai Heavy Industries Holdings, has conducted the world's first transoceanic voyage of a large merchant ship based on its autonomous navigation technology, the company said Friday.

2022-06-03 20:18

Samsung chief to visit Netherlands to seek cooperation with ASML

Samsung Electronics Vice Chairman Lee Jae-yong is reportedly scheduled to visit Europe from June 7 to 18 to seek the cooperation of ASML of the Netherlands, one of the world's leading manufacturers of chip-making equipment. ASML is the only company in the world that produces extreme ultraviolet (EUV) exposure equipment, which is needed for ultra-fine semiconductor processing.

Kim Hyun-bin | 2022-06-03 15:18

Will Hyundai Motor scrap LNG power plant construction?

Hyundai Motor has remained ambiguous about the construction of a power plant using liquefied natural gas (LNG) near its Ulsan factory, Friday, despite the possibility of losing its RE100 membership, as well as backlash from its unionized workers and the city's residents.

Park Jae-hyuk | 2022-06-03 14:32

China emerges from COVID lockdown, but Korean companies see damage

HONG KONG - South Korean businesses in Shanghai are rushing to normalize operations after the city lifted its two-month long citywide lockdown on Wednesday. Park Sang-min, a South Korean businessman based in the commercial hub, said many companies involved in trade like his own had lost business partners during the lockdown, when cargo-handling capacity at the city's port plu...

Kim Bo-eun | 2022-06-03 10:28

BMW offers sterling customer experience at Excellence Lounge

BMW Korea is winning the hearts of its customers and potential drivers by implementing a premium marketing strategy that offers a differentiated customer experience, the Korean unit of the German luxury car brand said Thursday.

2022-06-02 21:42

Lotte Department Store in Busan reopens after settling dispute over landmark project

The city of Busan allowed a branch of Lotte Department Store to reopen Thursday after the two sides settled a dispute over a delayed landmark construction project.

2022-06-02 17:52

SK, Lotte, Air Liquide to establish joint venture for hydrogen business

SK Gas, Lotte Chemical and Air Liquide Korea agreed on Thursday to establish a joint venture for power generation with by-product hydrogen and hydrogen-powered transportation. The agreement came after they signed a memorandum of understanding last May. Both SK Gas and Lotte Chemical will hold a 45 percent stake in the joint venture, respectively, while Air Liquide Korea will ...

Park Jae-hyuk | 2022-06-02 16:56

POSCO to accelerate hydrogen, rechargeable battery biz

POSCO Group will accelerate its investments in hydrogen and rechargeable batteries, coupled with continued efforts to develop new technologies, the firm said Thursday.

Lee Kyung-min | 2022-06-02 16:47

Why Sae-A wants to buy Ssangyong E&C from Dubai fund

Global Sae-A Group, the holding company of Sae-A Trading, an OEM clothing manufacturer, has raised concerns about its latest bid to buy Ssangyong E&C from the Investment Corporation of Dubai (ICD), a move that was made public, Thursday, according to industry analysts.

Park Jae-hyuk | 2022-06-02 16:30

Ukrainian employees prevent shutdowns of Korean firms after Russian invasion

Ukrainian employees have enabled Korean companies to continue their operations in the Eastern European country, even after the evacuation of their Korean managers in the wake of Russia's invasion, according to industry officials, Thursday. POSCO International announced that it has partially resumed the operation of its grain terminal in the southern city of Mykolaiv, as its e...

Park Jae-hyuk | 2022-06-02 16:30

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