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The Korea Times

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SCMP
Asia

The Korea Times

Business

Companies

Sat, June 10, 2023 | 19:39

Korea walks fine line between US, China in chip war

Korea walks fine line between US, China in chip war

Korea took a cautious stance once again between the U.S. and China during a series of trade ministerial meetings in Detroit last weekend, in an apparent attempt to avoid provoking either country amid the intensifying chip war between the world's two largest economies.

2023-05-28 16:18

Hyundai Steel receives EPD certification for low-carbon H-beam products

Hyundai Steel receives EPD certification for low-carbon H-beam products

Hyundai Steel has received an environmental product declaration (EPD) certification from the Ministry of Environment, becoming the first company in the domestic steel industry to get the certification for its low-carbon H-beam. This certification adds to Hyundai Steel's existing portfolio of 13 EPD-certified products. The EPD certification is given to products that demonstrat...

2023-05-28 16:07

Labor unions seek to attract migrant workers at shipyards

Labor unions seek to attract migrant workers at shipyards

The Korean Confederation of Trade Unions (KCTU) has accelerated its efforts to attract migrant workers at local shipyards, a pressing issue for Korean shipbuilders and their subcontractors, which have suffered from labor shortages as global demand for vessels picks up, according to industry officials, Sunday.

2023-05-28 14:31

POSCO named sustainability champion for 2nd consecutive year

POSCO named sustainability champion for 2nd consecutive year

POSCO, the country's leading steel company, has been recognized as a Steel Sustainability Champion at the World Steel Association's semi-annual member meeting held in Vienna, Austria, on April 18 (local time).

2023-05-28 14:22

5th Korean-German Energy Day

5th Korean-German Energy Day

Korean-German Chamber of Commerce and Industry (KGCCI) President & CEO Martin Henkelmann, fifth from right, poses with key company and government officials during the 5th Korean-German Energy Day in Busan, Friday. From left are Siemens Energy Korea & Siemens Gamesa Renewable Energ...

2023-05-28 14:22

Chinese carmakers challenge Hyundai Motor, Kia in global markets

Chinese carmakers challenge Hyundai Motor, Kia in global markets

Chinese cars, previously considered cheap knockoffs, have gained recognition for their price competitiveness and performance, including electric vehicles (EVs), despite the U.S. implementing the Inflation Reduction Act (IRA) to reduce Chinese competition, according to Industry officials here.

2023-05-27 08:44

CJ, Shinsegae study temple food to expand vegan lineup

CJ, Shinsegae study temple food to expand vegan lineup

CJ, Shinsegae and other food companies are rushing to study a variety of vegetable-based dishes served at Buddhist temples across the country to develop a series of vegan products amid the growing popularity of vegetarianism and plant-based food diets, according to company officials, Friday.

2023-05-27 08:41

Mayor promotes Busan's bid to host World Expo 2030 at WCE

Mayor promotes Busan's bid to host World Expo 2030 at WCE

Busan Mayor Park Heong-joon has been seeking support from eight of his peers for the port city's bid to host the World Expo 2030, during a session on Friday at the World Climate Industry Expo (WCE), being held in Busan from May 25 to 27.

2023-05-26 17:20

Advancing ESG drive meets stakeholder demands, enhances access to capital: experts

Traditional markets catch on with foreign tourists, young consumers

Traditional markets catch on with foreign tourists, young consumers

Thai tourist Rob Gorman, 34, visited Mangwon Market in Mapo District, western Seoul, three weeks ago when he came to Korea. “I saw my friend post a picture of this Korean tradition market on social media before and I wanted to go there so bad,” Gorman said.

2023-05-26 16:50

Hyundai Motor Group, LGES to inject $4.3 bil. to build EV plant in US.

Hyundai Motor Group, LGES to inject $4.3 bil. to build EV plant in US.

Hyundai Motor Group and LG Energy Solution (LGES) have agreed to set up a battery cell manufacturing joint venture in the U.S., strengthening the two companies' partnership in the area of manufacturing batteries for electric vehicles (EVs). Hyundai Motor CEO Chang Jae-hoon and LGES CEO Kwon Young-soo signed a memorandum of understanding at the headquarters of LGES in Yeouido,...

Anna J. Park | 2023-05-26 16:18

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Top 10 Stories

1	Rising minimum wage burdens small biz owners: survey

2	OpenAI explores investment opportunities in Korean startups: Sam Altman

3	IPO market regains vigor on bullish KOSPI

4	China reaches out to Korean Assembly to counterweigh Yoon's bet on US

5	S. Korea may see rise in NK defectors as Pyongyang mulls reopening borders

6	Resurging household loans pose challenge for BOK's rate policy

7	SPC bolsters PR activities in US

8	Hyundai Motor partners with Spider-Man animation to envision future mobility

9	Japanese business leaders pledge to support Busan's Expo bid

10	More foreign language tours will be offered for Cheong Wa Dae

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