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Reporter : Kim Hyun-bin
Mon, May 29, 2023 | 17:13
SK to invest $48 billion outside greater Seoul area over 5 years
SK Group will invest 67 trillion won ($48.1 billion) over the next five years to foster the semiconductor, biopharmaceutical and energy industries in areas outside Seoul, Incheon and Gyeonggi Province, Korea's second-largest business group said, Wednesday. The investment is largely designed to help revitalize regional economies and achieve a more balanced national development.
Genesis wins design awards at IDEA 2022
The Genesis has won a total of two awards, including one Silver Award at the 2022 International Design Excellence Awards (IDEA) hosted by the Industrial Design Society of America (IDSA), the company said, Wednesday. IDEA is considered one of the world's top three design awards, along with Germany's iF Design Award and Red Dot Design Award, and has been the leading design awar...
Korean firms on alert over US move to favor domestic bio industry
Korean biopharmaceutical companies are expected to face pressure from the U.S. government to set up production facilities there, as the world's largest economy is moving to favor locally manufactured drugs and other medical products, according to industry officials, Tuesday. Samsung Biologics, Celltrion and other companies, which produce a range of drugs for multinational pha...
SK chief all-in to attract support for World Expo 2030 in Busan
SK Chairman Chey Tae-won is scheduled to visit Japan and the U.S. to attempt to win support for Korea's bid to host the World Expo 2030 in Busan, according to industry officials, Tuesday. Chey, who also serves as the chairman of the Korea Chamber of Commerce and Industry (KCCI), is expected to depart for Japan, Thursday, and meet with Prime Minister Fumio Kishida, which will ...
Hyundai Motor achieves Triple Podium at WRC Acropolis Rally Greece
Hyundai Motor achieved a “Triple Podium,” in which Hyundai World Rally Team players took the first, second and third places in the 11th tournament of the 2022 World Rally Championship (WRC) held in Greece from Sept. 8 to 11 (local time), the company announced, Monday. The Acropolis Rally returned to the WRC last year after eight years and was held at significant Greek landmar...
Samsung chief campaigns abroad for Busan's expo bid
Samsung Electronics Vice Chairman Lee Jae-yong visited Mexico City on Sept. 8 (local time) and met with Mexican President Andres Manuel Lopez Obrador, requesting Mexico's support for Korea's bid to host the World Expo 2030 in Busan, according to company officials Monday. Lee talked to Obrador about Samsung Electronics' local businesses in Mexico and thanked the Mexican govern...
POSCO's main steel mill shuts down for 1st time due to flooding
POSCO has suspended operations at its main steel mill in Pohang, North Gyeongsang Province, for the first time in its 49-year history, due to flooding as a result of the heavy downpour that accompanied Typhoon Hinnamnor, according to company officials Wednesday.
Mercedes-Benz teaches kids traffic safety
Mercedes-Benz Korea CEO Thomas Klein, third from right, poses with company executives and members of the Green Mothers' Society during the Mercedes-Benz MobilKids campaign, a traffic safety education program for children, at Samjeon Elementary School in Seoul, Wednesday. Since its...
Korean chip, battery makers to benefit from US-China rivalry
The United States' move to exclude China from global supply chains will likely benefit Korean semiconductor and secondary battery businesses, according to analysts and industry officials, Wednesday.
Audi releases pure EV Q4 e-tron, Q4 sportsback e-tron
Audi Korea officially launched its first compact pure electric sports utility vehicle (SUV), the new Audi Q4 e-tron and the new Audi Q4 Sportback e-tron in Korea and is scheduled to start sales on Sept. 19, according to the company, Tuesday. The company held “The new Audi Q4 e-tron Media Conference” and revealed their latest EV models at Four Season Hotel Seoul, Tuesday.