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Reporter : Kim Hyun-bin
Sat, June 3, 2023 | 00:55
POSCO named sustainability champion for 2nd consecutive year
POSCO, the country's leading steel company, has been recognized as a Steel Sustainability Champion at the World Steel Association's semi-annual member meeting held in Vienna, Austria, on April 18 (local time).
5th Korean-German Energy Day
Korean-German Chamber of Commerce and Industry (KGCCI) President & CEO Martin Henkelmann, fifth from right, poses with key company and government officials during the 5th Korean-German Energy Day in Busan, Friday. From left are Siemens Energy Korea & Siemens Gamesa Renewable Energ...
Chinese carmakers challenge Hyundai Motor, Kia in global markets
Chinese cars, previously considered cheap knockoffs, have gained recognition for their price competitiveness and performance, including electric vehicles (EVs), despite the U.S. implementing the Inflation Reduction Act (IRA) to reduce Chinese competition, according to Industry officials here.
Major semiconductor equipment companies rush to build plants in Korea
Global semiconductor equipment companies are rushing to build plants, and research and development facilities in Korea in order to reduce China risk while strengthening partnerships with Samsung Electronics and SK Hynix,...
Major Korean companies awarded for ESG efforts
The Korea Times held an event to honor companies leading in environment, social and corporate governance (ESG) efforts during an award ceremony hosted jointly by its sister paper, The Hankook Ilbo, and Statista, a German market research firm, at the Korea Press Center in Seoul, Thursday.Over 30 representatives from Korean companies, including SK hynix, Samsung SDI, LX Hausys ...
Hyundai Motor chief speaks to young Koreans
Hyundai Motor Group Chairman Chung Euisun, center, speaks to an audience of young people during an event in Seoul hosted by the Federation of Korean Industries (FKI), Thursday. From left are SOCAR CEO Park Jae-wook, Chung, and celebrity turned-CEO Noh Hong-chul. Courtesy of FKI
Peugeot aims to expand presence in Korea
Stellantis Korea hosted a "Peugeot Brand Day" on Wednesday, sharing the brand identity and core values that encompass Peugeot's past, present and future. Linda Jackson, CEO of Peugeot Brand, and Matthias Hossann, Peugeot Design Director, attended the event, expressing their strong commitment to bolstering the brand in Korea.
Hyundai Motor clinches victory at Nurburgring Endurance Series
Hyundai Motor's high-performance N brand won the grueling Nurburgring 24 Hour endurance race in Germany, the company said Monday. Its Elantra N TCR and i30 Fastback N Cup Car secured first place in their respective classes, TCR and VT2, during this year's competition at ...
LS Group to invest $15.1 billion in batteries, EVs, chips
LS Group announced a plan to invest 20 trillion ($15.1 billion) in future growth engines to gain competitiveness in the fields of electrification and digital innovation, which are in line with the company's Vision 2030 strategy that centers on carbon-free electricity.
Korean Air faces headwind from US, EU over Asiana Airlines acquisition
Korean Air is facing growing headwind in its bid to acquire domestic rival Asiana Airlines as U.S. and European transport authorities are increasingly reluctant to give the green light, citing concerns about monopoly, according to industry officials and media reports, Friday.
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