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Sun, May 22, 2022 | 22:37
Listed firms' operating profit forecast to gain 9.6% this year
Listed firms' operating profit forecast to gain 9.6% this year
Non-financial listed companies in Korea will likely see their total operating income expand nearly 10 percent this year on rising sales, a local brokerage said Wednesday.
2022-05-11 11:38
Samsung, SK in race to gain lead in CDMO market
Samsung, SK in race to gain lead in CDMO market
Samsung Biologics and SK Bioscience plan to invest heavily in the contract development and manufacturing organization (CDMO) market, which the two firms believe will be their next growth engine.
2022-05-10 19:02
Samsung C&T enters global SMR market in full swing
Samsung C&T enters global SMR market in full swing
Samsung C&T will forge a comprehensive partnership with NuScale, a leading small modular reactor (SMR) technology provider, to pursue its global SMR business at full force. The firm announced it reached an agreement with NuScale for a comprehensive partnership on joint market development and expansion, after the two entities' executives held a meeting at NuScale Power headqua...
2022-05-10 18:43
Business leaders pin high hopes on Yoon government
Business leaders pin high hopes on Yoon government
Leaders of domestic conglomerates and overseas business executives attended the inauguration ceremony of President Yoon Suk-yeol, Tuesday, pinning high hopes on the new administration to create a more business-friendly environment to help them overcome both internal and external risks. Leaders of the country's five major conglomerates attended.
2022-05-10 17:02
  • Startups expected to benefit from new government policies
  • Business lobby groups call on Yoon for drastic regulatory reforms
Startups expected to benefit from new government policies
Startups expected to benefit from new government policies
Domestic startups look like they will be freed from tough regulations imposed by the previous government, as the newly inaugurated Yoon Suk-yeol administration has indicated its intention for them to have more autonomy, according to industry officials, Tuesday.
2022-05-10 16:07
  • Business leaders pin high hopes on Yoon government
LS Group chief picks EV components as future growth engine
LS Group chief picks EV components as future growth engine
LS Group Chairman Koo Ja-eun has selected electric vehicle (EV) parts and charging businesses to be future growth engines, as global demand for EVs is expected to show exponential growth in the coming years. LS Group plans to make active investments in the EV parts and charging businesses to accomplish its strategy.
2022-05-10 15:11
Business lobby groups call on Yoon for drastic regulatory reforms
Business lobby groups call on Yoon for drastic regulatory reforms
The country's business lobby groups celebrated the inauguration of the Yoon Suk-yeol government and called for the new president to implement drastic regulatory reforms to revive the economy.
2022-05-10 14:38
  • Business leaders pin high hopes on Yoon government
Korea to accelerate transition to hydrogen economy under Yoon administration
Korea to accelerate transition to hydrogen economy under Yoon administration
The newly launched Yoon Suk-yeol administration is expected to speed up its efforts for Korea's transition to a hydrogen economy, benefiting relevant companies such as Doosan Fuel Cell and Hyosung Advanced Materials, according to market analysts, Tuesday. The hydrogen economy - which, if based on green hydrogen, is regarded as a path to achieving carbon neutrality - refers to...
2022-05-10 13:13
Economic security tops Yoon's trade policy
Economic security tops Yoon's trade policy
The Yoon Suk-yeol administration, which kicked off its five-year term on May 10, is expected to face a range of daunting trade issues over the next five years as the nation tries to maintain its balance between the United States and China at a time when the two economic powers are competing for geopolitical influence around the world, according to trade experts on Monday.
2022-05-10 09:00
  • Diplomatic headaches lie ahead for Yoon
Luxury shopping platforms lose money despite record sales
Luxury shopping platforms lose money despite record sales
The top three luxury shopping platforms - Must'it, Balaan and Trenbe - showed record-high sales last year due to the COVID-19 pandemic, which has stimulated people to spend more on designer label products. However, their operating losses also increased by big portions due to hiring star models and advertising on their online platforms, an industry official said, Monday.
2022-05-09 17:42
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