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Fri, July 1, 2022 | 02:30
Samsung, Hyundai Motor, SK, LG to form battery waste recycling alliance
Major conglomerates are working to form a battery waste recycling alliance, as the electric vehicle (EV) market is set to grow exponentially in the coming years, according to company officials, Tuesday.
Strengthened EU carbon border tax feared to hurt local exporters
A move by the European Union to strengthen its carbon border adjustment mechanism (CBAM) is expected to hurt Korea's exports to the world's largest economic bloc, as more local exporters face the EU's carbon taxes, according to market analysts Monday.
Korean Air wins ATW Cargo Operator of the Year Award
Korean Air has won Air Transport World's (ATW) 2022 Cargo Operator of the Year Award, which is considered one of the most prestigious aviation awards, the company said Monday.
Conglomerates announce business diversification through M&As
Major conglomerates have been emphasizing the need for investment diversification during their regular general shareholders' meetings, vowing to strengthen growth engines through mergers and acquisitions (M&A).
EVs take 20% of Hyundai's car sales in Europe
One in every five vehicles Hyundai Motor sold in the European market was electric, the company said. According to Hyundai Motor's investor relations website, Sunday, the automaker sold 57,842 vehicles in Europe in January and February of this year, including 11,532 electric vehicles (EVs) accounting for 20 percent of its total sales.
FKI supports Yoon government on presidential office relocation through study
The Federation of Korean Industries (FKI) appears to be demonstrating its alignment with the incoming Yoon Suk-yeol administration by taking a favorable stance on the controversial presidential office relocation to Yongsan, according to industry watchers Thursday.
POSCO International acquires Senex Energy to boost eco-friendly biz
POSCO International has completed the acquisition of Senex Energy, which owns three natural gas fields in Australia, as part of efforts to expand its eco-friendly energy business abroad, the company said, Thursday.
'Volkswagen Group Korea aims to transform into software-driven tech company'
Volkswagen Group's Korea operation presented its key achievements from last year and major plans for 2022, vowing to transform into an eco-friendly, software-driven tech business, the company said during an online press conference, Thursday. The press conference began with an announcement of a name change, from Audi Volkswagen Korea to Volkswagen Group Korea (VWGK).
Business lobbies call for carbon neutrality goal to be scaled back
Business lobby groups are calling on President-elect Yoon Suk-yeol to scale back Korea's ambitious carbon neutrality goals in order to reduce the burden on local companies, industry officials said Wednesday.
Dongwha enhances competitiveness via smart factory platform
Dongwha Enterprise is starting to implement a smart factory platform at its overseas production bases using its own technologies, the company said, Wednesday.