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Reporter : Kim Hyun-bin
Tue, January 31, 2023 | 22:17
Korea-Europe biz cooperation
Korea Enterprises Federation (KEF) Chairman Sohn Kyung-shik, right, speaks with Cristian Busoi, chair of the European Parliament's Committee on Industry, Research and Energy (ITRE), emphasizing the importance of enhancing relations between Korean and European companies at Josun Hotel in Seoul, Thursday. / Courtesy of KEF
LX owner family speeds up management succession
Koo Hyung-mo, the eldest son of LX Holdings Chairman Koo Bon-joon and head of the management planning division, has significantly expanded his presence at the firm over the past year, according to industry officials Wednesday. At the end of last year, he received 11 percent of the chairman's company stocks, and was quickly promoted. The officials believe the management succes...
German cars top recalls among imports
Among imported vehicles to Korea, leading German automakers BMW, Mercedes-Benz and Volkswagen had the highest number of recalls in the past five years, according to a report released Wednesday. Park Sang-hyuk, a lawmaker and a member of the National Assembly's National Transportation Committee, said BMW had the most recalls among imported cars in the last five years, citing d...
Hyundai Motor Group receives PACE award for 1st time
Hyundai Motor Group has been awarded the 2022 Automotive News “PACE Award” in the U.S., recognized for its successful development and mass production of a central communication unit (CCU), according to the company, Wednesday. This year marks the first time Korea's leading carmaker has received the PACE Award.
LG Innotek to take part in KPCA show 2022
LG Innotek announced that it will participate in the International Electronic Circuits & Packaging Show 2022 held at Songdo Convensia in Incheon from Sept. 21 to 23 and introduce new substrate materials, according to the company, Tuesday. At the exhibition organized by the Korea Electronics Packaging and Circuits Association (KPCA), LG Innotek will unveil three innovative sub...
Samsung SDI promotes batteries for commercial vehicles in Germany
Samsung SDI presented its latest battery technologies and products for commercial vehicles at the international exhibition, IAA Transportation Hannover 2022, in Germany, the company said Tuesday. Samsung SDI introduced high-nickel prismatic battery cells made with its proprietary silicon-carbon nanocomposite technology, which improves energy intensity, charging speed and dura...
LS chief calls on employees to become futurists
LS Group Chairman Koo Ja-eun called on its employees to become futurists to be able to effectively introduce changes in new businesses and digital transformation during the conglomerate's first LS Future Day event held at LS Tower in Anyang Gyeonggi Province, Monday. The purpose of the event was to share ideas for future businesses and discuss ways to enhance R&D and digital ...
FKI seeks to let employers hire replacement workers during strikes
The Federation of Korean Industries (FKI), a major business lobby group, said Monday that it submitted a proposal to the Ministry of Employment and Labor asking for permission to hire replacement workers during strikes and to prohibit the illegal occupation of business sites by unionized workers. The proposal, titled “improvement plan for establishing a balanced labor-managem...
GS Group invests heavily in new businesses
GS Group is starting to invest heavily in future growth businesses ranging from solar power, nuclear power and electric vehicles (EVs) to biotechnology, according to industry officials, Monday. The move comes as GS Group Chairman Huh Tae-soo has been pushing to invest in new businesses with partners for future growth. GS Group is promoting more than 15 new businesses in diver...
Hyundai aims to win support in Africa for Busan's Expo bid
Hyundai Motor Group is striving to win support in Africa for Busan's bid to host the World Expo 2030. Kia CEO Song Ho-sung departed for Africa as a special envoy for the Ministry of Foreign Affairs to host the Expo, Sunday. According to the company, Song will visit South Africa, Mozambique, and Zimbabwe for six days through Sept. 23.