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Reporter : Kim Hyun-bin
Sun, December 3, 2023 | 11:22
Opposition-led Assembly unilaterally passes Nursing Act
The opposition-controlled National Assembly on Thursday passed the Nursing Act aimed at defining the roles and responsibilities of nurses in a clearer manner amid fierce opposition from the ruling party and doctors. The bill was approved in a plenary session with 179 votes in favor and two abstentions out of 181 lawmakers present.
Hyundai Motor considers pulling out of Russia after selling plant
Hyundai Motor is considering withdrawing from Russia after selling its plant there, where operations were halted following Russia's invasion of Ukraine in February 2022.
KITA chief discusses ways to boost bilateral trade with US politicians
Korea International Trade Association (KITA) Chairman Koo Ja-yeol exchanged views with key U.S. politicians and government officials regarding global supply chains, government subsidies and the U.S. Inflation Reduction Act (IRA) during his visit to Washington, D.C., from April 24 to 27, according to the trade promotion body, Thursday. On April 26, the chairman discussed recen...
KEF chief meets Heritage Foundation head to boost policy cooperation
Chairman of Korea Enterprises Federation (KEF) Sohn Kyung-shik visited the Heritage Foundation in Washington, D.C., and met with the Chairman of the Heritage Foundation Kevin Roberts on Tuesday (local time). Discussions involved labor market reforms such as flexible working hours currently being pursued in Korea and ways to enhance cooperation between the two organizations in...
Korean, US biz leaders agree to enhance cooperation
Korean and U.S. business leaders agreed to enhance cooperation in the fields of advanced industry, supply chains and core technology cooperation during President Yoon Suk Yeol's visit to the U.S. Chamber of Commerce in Washington, D.C. The two sides held the Korea-U.S. Business Roundtable and the Korea-U.S. Advanced Industry Forum, which was hosted by the Federation of Korean...
Sportstoto Korea expands services for foreigners
Sportstoto Korea is expanding its services for foreign residents on its official website, Starting April 27, foreign residents can sign up for Betman in an effort to attract new customers and strengthen the competitiveness of the Sportstoto business.
Homeplus appeals to customers with good-quality, low-price products
Homeplus initiated a "price stabilization project" for the first time among all large retail stores in Korea last year to alleviate the burden of rising prices. It plans to maintain the project this year to help customers deal with high prices. The project has been successful due to the popularity of the company's private brand, Homeplus Signature, which has seen a 33 percent...
POSCO becomes Korea's 5th largest conglomerate, surpassing Lotte
POSCO has become Korea's fifth largest business group in terms of asset size, surpassing Lotte Group, which had maintained the title of one of the nation's top five conglomerates since 2010, according to the country's antitrust agency, Tuesday.
Hyundai Motor Group wins 5 awards at Red Dot, Car Design awards
The Hyundai Motor Group car brands - Hyundai Motor, Kia Corp. and Genesis - have pulled in five awards at the Red Dot Awards and the Car Design Awards, which are renowned world-class design awards, according to the company, Monday.
Chaebol tycoons visit US with IRA, CHIPS Act in mind
A total of 122 Korean business leaders, including the heads of major business groups, are accompanying President Yoon Suk Yeol on his state visit to the United States hoping to find better business opportunities in the world's largest economy, according to industry officials, Monday. Topping their agenda is the Inflation Reduction Act (IRA), the CHIPS and Science Act and othe...