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Tue, January 31, 2023 | 23:09
2nd anniv. of Lee Kun-hee's death
Samsung Electronics Vice Chairman Lee Jae-yong, left, and his mother Hong Ra-hee attend a memorial service for the second death anniversary of Samsung Group Chairman Lee Kun-hee, in Suwon, Gyeonggi Province, Tuesday. Lee's siblings, Hotel Shilla President Lee Boo-jin and Samsung Welfare Foundation Director Lee Seo-hyun, also attended along with 300 people, including Samsung E...
Companies | 2022-10-25 15:12
Hyundai Motor expects bleak business outlook in Q4
Hyundai Motor expects its sales will continue to decline in the fourth quarter of this year and beyond, citing the continued shortage of automotive chips, Russia's war in Ukraine and other unfavorable business conditions, company officials said, Monday. But global demand for its SUVs and eco-friendly vehicles will increase, offsetting falling sales of gasoline- and diesel-pow...
Companies | 2022-10-24 16:37
Samsung requests Austria's support for Busan to host World Expo 2030
Samsung Electronics Vice Chairman Han Jong-hee met with Austrian Foreign Minister Alexander Schallenberg at the Samsung Innovation Museum in Suwon, Gyeonggi Province, Sunday, to request support for Busan's bid to host the 2030 World Expo, according to the company, Monday. Vice Chairman Han presented Samsung Electronics' eco-friendly ICT technologies. Samsung Electronics striv...
Companies | 2022-10-24 14:37
SPC chairman apologizes for factory worker's death
SPC Chairman Hur Young-in bowed his head in apology on Friday over the death of an employee at the baked goods factory of company affiliate SPL in Pyeongtaek, Gyeonggi Province last weekend. "I am deeply responsible for this accident and humbly accept the severe rebuke and criticism of the people. I sincerely apologize for not being able to consider them first," Hur said at a...
Companies | 2022-10-22 18:41
Hyundai's IONIQ 5 awarded SUV of the Year by MotorTrend
Hyundai Motor's IONIQ 5 has been selected as the 2023 SUV of the Year by MotorTrend, a world-renowned automobile magazine based in Los Angeles, the automaker said Friday. This is the first time Hyundai Motor received this award. The IONIQ 5 is the first electric vehicle (EV) to win the SUV of the Year award announced by MotorTrend.
Companies | 2022-10-21 14:55
Korea, US biz leaders urge gov'ts to fix bias in Inflation Reduction Act
Korean and U.S. business leaders called for efforts on Thursday to address discriminatory trade policies created by the U.S. Inflation Reduction Act (IRA), which only grants tax credits to electric vehicles manufactured in North America. During an annual conference co-hosted by the Federation of Korean Industries and the American Chamber of Commerce in Korea, the key business...
Companies | 2022-10-20 16:36
Korea-US business reps meet
National Assembly Speaker Kim Jin-pyo, front row eighth from left, and Chairman of the Federation of Korean Industries (FKI) Huh Chang-soo, front row ninth from left, Chairperson of the U.S. ― Korea Business Council Octavio Simoes, front row seventh from left, and other business a...
Companies | 2022-10-19 21:09
GM seeks to increase sales with upgraded Changwon plant
Changwon - General Motors disclosed the details of its massive investment in Korea and presented its future growth strategies while marking the 20th anniversary of GM Korea's foundation, Wednesday. The company invited a pool of local reporters to see the upgraded Changwon plant in South Gyeongsang Province with state-of-the-art facilities to manufacture next-generation vehicl...
Companies | 2022-10-19 15:43
Korea should source more key minerals from Africa: KITA chair
Africa is a region that can be a new alternative to diversifying the supply chain for key minerals, Koo Ja-yeol, chairman of the Korea International Trade Association (KITA), said Monday. Koo made the remarks during a business networking event hosting 12 African ambassadors to Korea at the Shilla Hotel in Seoul.
Companies | 2022-10-18 15:26
Hyundai Mobis supplies chassis modules to German premium EVs
Hyundai Mobis inked a deal to supply chassis modules to Mercedes-Benz AG, becoming the first non-European supplier of chassis modules as an original equipment manufacturer (OEM), the Korean automotive parts maker said Tuesday. Through the deal, Mobis won the recognition of global automakers for its module technology and quality. Mobis' new production facility in McCalla, Alab...
Companies | 2022-10-18 15:26
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