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Reporter : Park Jae-hyuk
Thu, March 23, 2023 | 12:23
Hyundai Heavy achieves world's first 200 million BHP milestone
ULSAN - Hyundai Heavy Industries (HHI) celebrated its achievement of becoming the world's first company to produce two-stroke ship engines with an aggregate output of 200 million brake horsepower (BHP) during a ceremony at its headquarters in the southeastern port city, Wednesday.
MZ generation-led unions flex muscle across board
When white-collar employees at LG Electronics, Hyundai Motor, Hyundai Heavy Industries and several other large manufacturers here began moves in 2021 to form labor unions to lobby employers to offer wages and welfare similar to those of blue-collar workers, their unprecedented efforts faced skepticism.
Kakao criticized for half-baked AI chatbot
Kakao users expressed their disappointment with ddmm, Kakao's new artificial intelligence (AI)-based chatbot service, which became unavailable Monday, just a day after the launch of its beta service. Although the Korean IT firm promised to resume the service soon, incorrect answers given by the chatbot caused concerns that the company may lose its ground amid the intensifying...
Samsung seeks to overcome downturn with energy-efficient home appliances
Samsung Electronics on Tuesday unveiled the lineup of its new range of energy efficient Bespoke home appliances, in a move to attract Korean consumers and satisfy strict environmental regulations in Europe and elsewhere. The tech giant said it will improve its profitability this year with upgraded products equipped with artificial intelligence (AI) technology.
Korea probes ZPMC cranes to reduce reliance on Chinese firm
The Ministry of Oceans and Fisheries recently probed Shanghai Zhenhua Heavy Industries Company's (ZPMC) cargo cranes installed in Korea's major ports, as controversy broke out in the U.S. earlier this month over a claim that the Chinese-made equipment's software possibly serves as a “spying tool.” With the aim of helping Korean ports to reduce dependence on Chinese products, ...
Google, UT concerned about Korea's antitrust policies
Foreign business representatives expressed their concerns over Korea's antitrust policies during a meeting, Monday, with Fair Trade Commission (FTC) Chairman Han Ki-jeong and members of the American Chamber of Commerce in Korea (AMCHAM).
SK, Corio join hands for global offshore wind power projects
SK oceanplant CEO Lee Seung-chul, left, and Corio Generation's head of Korea Choi Woo-jin pose at the latter's office in Seoul, Thursday, after signing a memorandum of understanding for their cooperation in global offshore wind power projects. They agreed to carry out six projects in the U.K., Australia, Taiwan and South Korea with a combined capacity of 6.8 gigawatts. Courte...
New EU trade policies unnerve Korean firms
Korean manufacturers of batteries and electric vehicles (EVs) are still on alert over the European Union's recent decisions on critical raw material and net-zero goals. This comes after the Korean government expressed cautious optimism toward the EU's policies comparable to the U.S. Inflation Reduction Act (IRA), according to industry officials, Sunday.
InterBattery showcases Korean battery tech favored by global carmakers
InterBattery 2023, the largest battery exhibition in Korea to be held for three days at COEX until Friday, seemed more like a motor show this year, as all of the top three battery manufacturers here showcased electric vehicles (EVs) of global carmakers using their products.
POSCO donates $3 million to compensation fund for victims of Japan's forced labor
POSCO announced Wednesday that it has decided to “voluntarily” donate an additional 4 billion won ($3 million) to the Foundation for Victims of Forced Mobilization by Imperial Japan, based ...
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