search close
Reporter : Kim Bo-eun
Thu, September 28, 2023 | 00:10
Women still struggling to shatter glass ceilings in Korean firms
Korea's four major conglomerates are increasingly focusing on environment, social and governance (ESG) factors in operating their businesses, but they are lagging behind in making improvements in the last of these. Sound governance is evaluated based on issues including the role and makeup of boards of directors and ensuring the rights of shareholders.
Samsung SDI's stock on recovery track
Samsung SDI's stock is expected to take a stable upward trajectory in the coming months, based on expectations of its electric vehicle (EV) battery business achieving solid profits this year. A limited impact from the auto chip shortage on the battery maker's profits as well as plans to aggressively expand its battery product lineup are set to have a positive effect on Samsun...
KT to pay W40 bil. in compensation for network outage
KT will pay out up to 40 billion won ($33.97 million) in compensation to customers of its wired and wireless services, which underwent nationwide disruptions Oct. 25, the company said. The telecom company outlined its compensation policy for the network failure during a briefing, Monday. A routing error disabled wired and wireless services from around 11:20 a.m. to noon a wee...
'Subcontracted employee's mistake caused network outage'
A mistake by an employee of a firm KT outsourced for its routing work was to blame for the nationwide network disruption earlier this week, the Ministry of Science and ICT said Friday. KT's internet network error disabled both wired and wireless services around 11:20 a.m. on Monday. Most services were restored by noon, but some disruptions lasted longer.
SK On confirms plans for LFP batteries
SK's battery affiliate is currently developing lithium iron phosphate (LFP) batteries for electric vehicles (EV), and the company said its battery business will turn profitable next year at the earliest.
BMW's foundation leads corporate social responsibility
BMW Korea said Thursday it is seeking to offer a new model for multinational companies' corporate social responsibility efforts here. The carmaker established the BMW Korea Future Foundation in July 2011. Marking its 10th anniversary, BMW is seeking to engage in activities with greater positive social impact. This is centered on training young students to help them discover i...
[ANALYSIS] Tesla's strategy to benefit, challenge Korean battery makers
Tesla's recently unveiled plan to power its standard-range electric vehicles (EV) with lithium iron phosphate (LFP) cathode batteries is set to benefit Korean battery makers by opening new opportunities in the market, with other major automakers expected to follow suit.
KT confirms routing errors caused network disruption
Routing errors by KT employees caused the company's nationwide network services disruption a day earlier, the telecommunications firm said Tuesday, pledging to compensate customers for any losses caused by the incident. "We confirmed that the disruption was caused by errors in designating network routes, which took place while switching to the latest equipment to upgrade serv...
LG's flexible displays to be featured at London art exhibition
LG is increasing its collaboration with artists to present their works using its premium display panels. LG Electronics said Sunday that its flexible displays will be featured at a media art exhibition in London that will be held through the end of this year.
All eyes on Lee Jae-yong's next move on late chairman's death anniversary
Samsung heir Lee Jae-yong is being watched closely over how he will steer the nation's largest conglomerate on the first anniversary of the death of his father and the business group's late chairman, Lee Kun-hee. Lee, who was released from prison in August, is seen to have three key missions - creating new growth engines through bold investments, overhauling corporate governa...