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Reporter : Kim Hyun-bin
Sun, December 10, 2023 | 22:02
FKI vows drastic reform to invite more member firms
The Federation of Korean Industries (FKI) will take drastic reform measures to attract more member companies, including affiliates of Samsung, SK, Hyundai Motor and LG, by transforming into a think tank-type economic organization, equipped with new roles, functions and governance, its interim head said Thursday.
KCCI chief promotes Busan's Expo bid
Korea Chamber of Commerce & Industry (KCCI) Chairman Chey Tae-won, front left, meets KCCI Global Supporters group members during an unscheduled event to promote Busan's bid to host the World Expo 2030, at a traditional market in Seoul, Wednesday. Courtesy of KCCI
Korea Post to begin presale of BTS stamps
Korea Post will conduct online presale services for their BTS commemorative stamps through the Korea Post website and the mobile app, from 7:00 p.m. on May 22 to 12:00 a.m. on May 25.
Ukraine looks to Korean firms for post-war reconstruction
The deputy prime minister of Ukraine called on Korean firms to participate in the war-torn country's post-war reconstruction projects, which are estimated to reach up to $893.2 billion over a 10-year period. At the "Korea-Ukraine Partnership for the Future” meeting organized jointly by the Korea Chamber of Commerce & Industry (KCCI) and the Embassy of Ukraine in Korea, Ukrain...
KT Submarine sees profitability improve this year
KT Submarine (KTS) saw its first-quarter operating profit reach 1.5 billion won ($1.12 million), marking a turnaround from a 1.9 billion won operating loss the previous quarter, the company said Tuesday.
Samsung Electronics to open flagship store in Gangnam to rival Apple
Samsung Electronics is preparing to open a flagship store near Gangnam Station in southern Seoul, in response to Apple's fifth domestic Apple Store, Apple Gangnam. The Samsung store, named Samsung Gangnam, is expected to open by the end of June.
Hyundai Motor posts solid growth in India
Hyundai Motor Group is expanding its presence in the Indian market, which has evolved into the world's third-largest car market after the U.S. and China. According to the Society of Indian Automobile Manufacturers (SIAM) Monday, the combined sales of Hyundai Motor and Kia Corp. in India from January to April reached 295,359 vehicles, approaching the 300,000 mark and up 15.5 p...
Samsung chief meets Elon Musk for partnership in autonomous driving, system chips
Samsung Electronics Executive Chairman Lee Jae-yong met with Tesla CEO Elon Musk at Samsung Semiconductor U.S. R&D Labs in Silicon Valley, Thursday to discuss cooperation in the future advanced industrial field including autonomous driving semiconductor production, the company said Sunday. This was the first private meeting between the two.
'More gov't support needed as China narrows gap in EU battery market'
The Korea International Trade Association (KITA) says the government should pursue more support measures to maintain competitiveness in the EU battery market as China continues to narrow the gap.
3 individuals win LG Humanitarian awards
The LG Welfare Foundation gave humanitarian awards to three individuals who have helped improve society. "The award is given to encourage righteous people who do not spare their devotion and service for their neighbors," an LG official said.