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Reporter : Kim Bo-eun
Wed, December 6, 2023 | 14:44
LG's Koo Kwang-mo to focus on offering mind-blowing experiences for customers
LG Group Chairman Koo Kwang-mo has kept a low profile since he took helm of the group in 2018. But in rare messages to employees that have been made public, he has continued to emphasize the need to cater to customers' needs.
Soaring battery raw material costs to drive up EV prices
Spiking costs of raw materials for electric vehicle (EV) batteries are leading to a hike in battery prices, which is placing pressure on carmakers to raise EV prices. Bloomberg NEF recently stated battery prices might reverse the year-on-year price declines for the first time, since it began surveying these in 2012.
Shipbuilders accelerate drive to make eco-friendly vessels
A growing number of shipbuilders are turning to eco-friendly vessels as the shipping industry will face strengthened requirements on carbon emissions in the coming years. Shipping accounts for about 3 percent of the world's annual carbon emissions. The International Maritime Organization has ordered shipping companies to cut their greenhouse gas emissions by at least 30 perce...
Key M&As face growing risks amid global chip war
Korean chipmakers are facing greater uncertainty, as key mergers and acquisitions (M&A) are falling through amid the escalating power struggle between the world's two largest economies. Magnachip Semiconductor, a U.S. integrated device manufacturer focusing on non-memory chips, stated last week that it was withdrawing its contract with China's private equity firm Wise Road Ca...
SK invests in leading US bioenergy firm Fulcrum
SK Inc., SK Group's investment arm, stated Thursday that it had invested with private equity partners a total of $50 million in the U.S. firm, Fulcrum BioEnergy. Fulcrum is the first company in the U.S. to produce biofuel commercially by chemically converting municipal solid waste into transportation fuel.
Integration, keyword for Samsung's new vision
Integration of key businesses and divisions is a central part of Samsung's new strategy, its vice chairman told employees Wednesday.
KT introduces latest digital biz at global conference
Telecom operator KT, which seeks to transform itself into a digital platform company, pledged Tuesday to become a leading firm helping the private and public sector make the digital transition as the trend accelerates amid the COVID-19 pandemic.
SK Group, Vietnam to cooperate on cutting carbon emissions
Vietnam's Deputy Prime Minister Le Minh Khai, second from left, and National Assembly Chairman Vuong Dinh hue, third from left, pose with SK Group Chairman Chey Tae-won, third from right, and SK Inc. CEO Jang Dong-hyun, second from right, during a ceremony at the Lotte Hotel in central Seoul, Dec. 13. Courtesy of SK Inc.
Seoul under growing pressure to join Washington-led economic framework
Washington is ramping up pressure on Seoul and other key allies in Asia to become part of a U.S.-led economic framework it is seeking to set up as a means to combat China's growing influence in the region. Key officials in charge of U.S. economic policy are making a series of visits to Korea in a bid to ensure the country's participation in the initiative, as Seoul has been c...
Brokerages slash GC Pharma target stock price after suspension of Janssen CMO talks
Brokerages slashed GC Pharma's target stock price, Friday, after the company stated a day earlier that talks with Johnson & Johnson regarding the contract manufacture of the Janssen COVID-19 vaccine had been suspended.
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