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Reporter : Baek Byung-yeul
Wed, May 18, 2022 | 21:16
New industry minister meets KCCI chairman to discuss private-led growth
The government will pursue private sector-led economic growth strategies by modifying regulations that hinder corporate growth and offering incentives to let companies invest more, Lee Chang-yang, the new minister of trade, industry and energy, said in a meeting with the head of one of the country's major business lobby groups, Wednesday.
Hyundai, Kia to invest W21 tril. in domestic EV biz by 2030
Hyundai Motor Group will invest 21 trillion won ($16.5 billion) by 2030 to expand its domestic electric vehicle (EV) production and other related businesses in line with the government's plan to develop the EV industry into one of the core sectors of the country's economy, the automotive group said Wednesday.
Protecting Korea's semiconductor leadership
President Yoon Suk-yeol, congratulations on being chosen to lead the Republic of Korea's government. I am sure that these are very exciting times for you. It seems presumptuous of me to try to give insight and advice to an important nation's leader, but I feel that I may be qualified to provide some input in my area of expertise.
Samsung frequent target of industrial technology theft
The government is being urged to toughen its legal punishment of people who have leaked crucial industrial technologies of local companies such as Samsung Electronics, as more illegal attempts are being made to steal Korea's advanced technologies, such as semiconductors and displays, as competition between neighboring countries intensifies, industry experts and officials said...
WeWork vows to offer Korea-specific services
WeWork Korea, a local unit of multinational office-sharing company WeWork, vowed to offer Korea-specific services at a time when many companies are improving flexibility to their workplace operations as the country recovers from the COVID-19 pandemic, according to the head of the Korean branch, Tuesday.
Lotte, Hanwha, Naver, OCI to join business meeting with Biden
Chiefs of Lotte, Hanwha, Naver and OCI will likely join a business meeting with U.S. President Joe Biden that will take place on May 21 during his three-day visit to Korea, according to industry sources Monday. The U.S. Embassy sent an invitation on May 13 to companies for the business roundtable in the name of U.S. Secretary of Commerce Gina Raimondo, the sources said.
SK launches new AI assistant service 'A.'
SK Telecom launched its artificial intelligence (AI) agent service, focusing on business-to-customer mobile AI assistant service, the telecommunications company said Monday.
HLB gets positive Phase 3 data with liver cancer treatment
HLB has taken a step closer to the global commercialization of its anticancer treatment Rivoceranib as it secured statistical significance in Phase 3 global clinical trials of the drug, according to the local biotech company, Sunday.
CEOs trying to form ties with young employees
Samsung, LG and other conglomerates' CEOs are working on strengthening their communication with the MZ generation, a Korean term referring to people born in the period from the early 1980s through to the early 2000s. As the younger generation is now taking the center stage in each company, such efforts are interpreted as a move to get closer to young employees and facilitate ...
KG consortium selected to acquire SsangYong Motor
The Seoul Bankruptcy Court chose a consortium led by the domestic chemical and steel conglomerate KG Group as the preferred bidder for the debt-ridden SsangYong Motor, which has been seeking a new owner after a takeover deal with Edison Motors fell through, the court said Friday.
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