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Reporter : Kim Hyun-bin
Sun, January 29, 2023 | 18:20
Samsung Biologics' sales surpass W3 tril. for first time
Samsung Biologics saw sales surpass 3 trillion won last year, becoming the first in the domestic biopharmaceutical industry to achieve that mark. Its operating profit also neared 1 trillion won, the company said in a filing, Friday. Samsung Biologics announced that it achieved annual consolidated sales of 3.001 trillion won ($2.54 billion) and an operating profit of 983.6 bil...
KT&G aims to become global top-tier company
KT&G unveiled the group's goals to become a global top-tier company at the KT&G future vision proclamation ceremony held at KT&G Sangsang Planet in Seoul, Thursday. CEO Baek Bok-in unveiled the “2027 KT&G Vision,” focusing on three core businesses: next-generation products (NGP), dry food (health functional food) and the global conventional cigarette (CC).
Samsung SDS posts record-high annual sales
Samsung SDS recorded preliminary sales of 17.23 trillion won ($13.98 billion) and an operating profit of 916.1 billion won last year, up by 26 percent and 13.4 percent, respectively, compared to the previous year, according to the company filings, Thursday. The annual sales of the IT service business increased by 5.9 percent from the previous year, reaching a record 5.96 tril...
Kolmar Korea to build AI-run plant for global expansion goals
Kolmar Korea is expanding its presence in both local and overseas markets by establishing a new artificial intelligence (AI) production base in Korea to better penetrate the global market, according to the company, Wednesday. The company is establishing a new cosmetics production base with AI technology in Sejong so as to actively respond to the recent easing of face mask rul...
Samsung chief gives gifts to new moms, employees from multicultural families
Samsung Electronics Chairman Lee Jae-yong gave gifts to female employees that recently gave birth as well as to multicultural employees for the Lunar New Year holiday. Chairman Lee gave Samsung air purifiers to 64 female employees who gave birth to children between Jan. 1 through Jan. 7. “We have prepared a small gift to celebrate the birth of a precious life that has come to...
Shipbuilding industry turns to robots to overcome shortage of workers
The domestic shipbuilding industry is introducing robots to cope with a shortage of workers and prevent safety accidents, according to industry officials, Tuesday. Daewoo Shipbuilding & Marine Engineering (DSME) developed a carbon steel pipe welding robot that it says can improve the working environment and productivity, and has been using it since earlier this month.
Hyundai Motor Group exceeds 1 mil. in cumulative global EV sales
Hyundai Motor Group's global electric vehicle (EV) sales have exceeded 1 million, 11 years since the launch of its first EVs, according to the company, Tuesday. The group's total EV sales stood at 1,022,284 vehicles last year. Hyundai Motor Company sold 601,448 vehicles, including its luxury brand Genesis, while Kia sold 420,836.
Hyundai Motor, Kia offsetting sluggish China sales in India
Hyundai Motors and Kia Corp. are banking on the Indian market, which has emerged as the world's third-largest automobile market after China and the United States. Many experts believe Hyundai Motor Group was in dire need of finding success in India to offset sluggish sales in China. Following last year's record-high sales in the South Asian nation, the company plans to contin...
Operations resume at POSCO's flood-hit Pohang steel mill
POSCO has completed the restoration of all 17 rolling mills at Pohang Steel mill and is scheduled to start normal operations, Friday, 135 days after temporarily closing due to flooding caused by Typhoon Hinnamnor last year, the steelmaker said Thursday. In order to resume operations, not only the employees of Pohang steel mill, but workers at Gwangyang steel mill, Seoul POSCO...
Hyundai Motor Group promotes Busan's bid for World Expo 2030 at Davos
Hyundai Motor Group exhibited the Genesis X concept car during the “Korea Night” event held on the sidelines of the 2023 World Economic Forum (WEF), also known as the Davos Forum, the company said, Thursday. The company announced Wednesday (local time) that it displayed the luxury vehicle inside a transparent glass container that displayed the words “World Expo 2030 Busan, Ko...
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