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Reporter : Kim Hyun-bin
Sun, December 3, 2023 | 09:42
KCCI chief to promote Expo bid as presidential special envoy in Europe
Chey Tae-won, chairman of the Korea Chamber of Commerce and Industry (KCCI), will visit three European countries - Spain, Portugal, and Denmark - as a presidential envoy from Feb. 28 to March 5 to seek support for Busan's bid to host the World Expo in 2030, according to the KCCI, Thursday. This is the first time Chey has become a presidential special envoy and the delegation ...
KITA calls for eased regulations to boost faltering exports
Koo Ja-yeol, head of the Korea International Trade Association (KITA), emphasized that the association will do its best to overcome the export crisis by fulfilling its duty as a communication channel, during the 2023 KITA General Meeting held at COEX in Seoul with around 600 representatives of the trade association's member companies in attendance, Wednesday.
SK Networks aims to enhance corporate value via global investment, shareholder value
SK Networks is accelerating its transformation into a business-oriented investment company with the eldest son of former chairman Choi Shin-won, Choi Sung-hwan, leading efforts as general executive director. Choi personally gathered global investors, held an investment business briefing session and declared the expansion of global innovation and investments, according to the ...
POSCO International continues grain shipments from Ukraine, despite war
POSCO International's grain terminal continues to operate successfully despite the ongoing war in Ukraine. The food sector is one of the seven strategic businesses of POSCO Group along with secondary battery materials, energy and lithium, according to the company, Tuesday. POSCO International announced that it will complete the shipment of a total of 16,000 tons of inventory ...
Toyota launches RAV4 PHEV in Korea
Toyota Korea unveiled the RAV4 Plug-in Hybrid (PHEV) in the Korean market during a launch ceremony held in Seoul, Tuesday. The 306 horsepower vehicle is capable of driving 63 kilometers solely on electricity, comes equipped with four-wheel drive and features enhanced performance, according to the company.
KITA chief to visit Caribbean countries to help promote Busan's Expo bid
Koo Ja-yeol, head of the Korea International Trade Association (KITA), will visit five Caribbean countries as a presidential envoy to promote Busan's bid to host the World Expo 2030. According to the KITA, Koo will visit five Caribbean countries, including St. Vincent and the Grenadines, St. Lucia, Antigua and Barbuda, and St. Kitts and Nevis, for 16 days from the Feb. 25 to ...
EU prolongs review of Korean Air-Asiana merger, requires more concessions
An unprecedented move by the European Union (EU) to conduct a second-stage review of Korean Air's takeover of Asiana Airlines will lead to a further delay in the ongoing process, according to industry officials, Monday. The European Commission said the deal could affect passenger and air cargo transport services between the European Economic Area (EEA) and Korea, because the ...
Busan in tight race with Saudi Arabia to host World Expo 2030
South Korea is making significant progress in the race to host the World Expo 2030 in Busan as it competes against main rival Saudi Arabia, Busan Mayor Park Heong-joon said at a press conference hosted by the Korea Chamber of Commerce and Industry (KCCI). He emphasized that hosting the Expo will generate 61 trillion won ($46.9 billion) in economic effects.
Hyundai Mobis to invest $7.88 billion for future growth by 2025
Hyundai Mobis plans to invest up to 10 trillion won ($7.88 trillion) for future growth by 2025 and enhance shareholder value by buying 150 billion won worth of treasury stocks, according to the company, Tuesday. Hyundai Mobis announced the 2023 Shareholder Value Enhancement Policy, which includes future growth investment plans and shareholder return policies.
Most SM employees unhappy about HYBE's takeover
The majority of SM Entertainment employees oppose HYBE's attempt to acquire a majority stake in the company, according to industry officials, Tuesday. HYBE, the entertainment agency of K-pop group BTS, has purchased a 14.8 percent stake from former SM Entertainment general producer Lee Soo-man for 422.8 billion won ($333.6 million) and initiated the takeover of SM.