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Reporter : Kim Hyun-bin
Sun, December 3, 2023 | 11:24
POSCO International seeks to become top global grain producer
POSCO International will become one of the world's top 10 grain producers by 2030 by securing more farmland and building more grain processing facilities abroad, the company said Wednesday.
Hyundai Motor chief honors Korean War veterans
Hyundai Motor Group Executive Chair Chung Euisun, front row second from left, and other company executives pay tribute to war veterans buried at the Korean War Veterans Memorial in Washington, D.C., April 26 (local time). Chung accompanied President Yoon Suk Yeol on his state visit to the U.S. as part of an economic delegation. Courtesy of Korea-U.S. Alliance Foundation
Korean Air unveils special aircraft decoration to promote Busan Expo bid
Korean Air unveiled a special design for its Boeing 777-300ER aircraft to support Busan's bid to host the World Expo 2030 at the airline's hangar at Incheon International Airport, Wednesday. The ceremony was attended by Prime Minister Han Duck-soo, Korean Air Chairman and CEO Cho Won-tae, Bidding Committee for World Expo 2030 Busan Co-Chairman Chey Tae-won, senior presidentia...
POSCO to produce nickel for secondary batteries in Indonesia
POSCO Holdings is seeking to expand overseas nickel production, a key material in secondary batteries, in an effort to strengthen its global nickel value chain. According to POSCO Holdings, the company will invest $441 million to establish a nickel refining plant in Weda Bay Industrial Park on Indonesia's Halmahera Island, Wednesday.
Major companies strengthen R&D investments despite economic downturn
Major companies are boosting research and development and facility investments to enhance future competitiveness despite sluggish performance amid a severe economic downturn, according to industry officials, Tuesday. Samsung Electronics recorded the lowest quarterly performance in 14 years with an operating profit of 640.2 billion won ($477.6 million) in the first quarter of ...
Samsung initiates 'Sharing Month' to help children in need
Samsung Electronics will launch the month-long "Sharing Month" campaign in May, driven by employee participation. Samsung employees will support 20 children from low-income households through a “Sharing Kiosk" installed at workplaces and online to fund the campaign, according to the company, Tuesday. The Sharing Month campaign, which is being held for the first time this year...
Hanwha Foundation of Culture to support artists
The Hanwha Foundation of Culture announced the launch of the Youngmin International Artist Residency program on Monday, aimed at discovering promising young artists in Korea and supporting their creative activities. The program will collaborate with three art institutions: the Cite Internationale des Arts in Paris, France; the ECO Residencies in Vienna, Austria; and the Headl...
Only US, EU, Japan decisions remaining for Korean Air-Asiana takeover
Korean Air's takeover of Asiana Airlines is under the spotlight after Hanwha Group gained the green light to acquire Daewoo Shipbuilding & Marine Engineering (DSME).
Hyundai Motor Avante N TCR achieves double podium at TCR World Tour
Hyundai Motor's Elantra N TCR won first and second places at the first race of the 2023 TCR World Tour, which took place from April 28 to 30 at the Algarve International Circuit in Portugal, the company announced, Monday.
Hyundai Motor chief's leadership in spotlight for Q1 revenue achievement
Hyundai Motor exceeded the revenue of Samsung Electronics in the first quarter, the first time in 14 years the carmaker took over the top spot since the introduction of the international fiscal year in 2009. Many experts believe this is attributable to the bold leadership of Executive Chair Chung Euisun, who led early investments into and adoption of innovative new technologi...