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Reporter : Kim Hyun-bin
Tue, May 30, 2023 | 09:21
Hyundai Motor chief wraps up 2-week US trip to counter IRA
Hyundai Motor Group Chairman Chung Euisun returned to Korea after a two-week business trip to the U.S. to better seek countermeasures for the recently passed Inflation Reduction Act (IRA) that is set to negatively impact Hyundai Motor Group's electric vehicle (EV) sales in the U.S, according to industry officials, Monday. Chung returned to Korea through Gimpo International Ai...
'Gov't should actively support high-tech industries as Taiwan does'
Korea's high-tech and future industries are lagging behind those of Taiwan, even if its economy is twice as large, due to insufficient policy support and heavy regulations, according to the Federation of Korean Industries (FKI), Monday. In a report titled “Status and Implications of Taiwan's Industrial Reorganization,” it said the Taiwanese government's full support for high-...
Samsung's foundry plant construction to strengthen Korea-US chip ties
Samsung's U.S. foundry plant construction is expected to strengthen Korea-U.S. semiconductor ties, with the company conducting large-scale recruitment for local workers as the groundbreaking ceremony draws closer, according to industry officials, Sunday.
Lotte starts Vietnam's eco smart city landmark project
Lotte Chairman Shin Dong-bin has kick-started a Southeast Asian landmark project to build an integrated smart logistics center in Vietnam, according to the company, Sunday.
Chaebol tycoons seek to connect with younger generation of workers
Korea's top business leaders have been breaking tradition by holding casual, unannounced meetings with employees as they try to connect with younger, working-age Koreans, according to industry officials and experts, Wednesday. They are aiming to break down the image of their authoritarian company cultures and establish more horizontal organizational structures to create a fri...
Earth photo taken by Danuri
This image of the Earth was taken by Korea's unmanned space vehicle Danuri, photographed at a distance of 1.3 million kilometers away on Aug. 29. / Courtesy of Ministry of Science and ICT
Samsung, SK chiefs to go abroad to promote Busan's bid to host World Expo 2030
The government is starting to appoint major conglomerate chiefs as special envoys to campaign for Busan's bid to host the World Expo in 2030, according to government and industry officials, Thursday. The presidential office announced it has decided to appoint Samsung Electronics Vice Chairman Lee Jae-yong as a special envoy to help rally support for Busan.
Chey Tae-won to appear on YouTube to promote Busan Expo bid
Korean Chamber of Commerce and Industry (KCCI) Chairman Chey Tae-won will appear on the popular economic YouTube channel Sampro TV to promote Busan's bid to host the World Expo 2030.
1,200 more foreigners to work on farms this year
The Ministry of Agriculture, Food and Rural Affairs has increased the allocation of foreign workers in the agricultural sector this year from 8,200 to 9,430, according to Foreign Workforce Policy Committee, Wednesday. The move comes as Korea has been struggling to retain foreign workers amid the COVID-19 pandemic, which hit rural areas hard.
Samsung chief meets working mothers
Samsung Electronics Vice Chairman Lee Jae-yong, center, poses with working mothers during his visit to Samsung SDS in Seoul, Tuesday. Lee had talks with them about their concerns over combining family, home life and work as well as changes in work-life balance amid the COVID-19 pandemic. It was the first time Vice Chairman Lee visited the location. Courtesy of Samsung Electro...