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Reporter : Kim Hyun-bin
Mon, May 29, 2023 | 19:02
Kim Dong-kwan promoted to Hanwha Group vice chairman
Hanwha Solutions President Kim Dong-kwan, the eldest son of Hanwha Group Chairman Kim Seung-yeon, was promoted to vice chairman. It is predicted that his appointment will speed up Hanwha Group's management succession process. With his appointment as Hanwha Group vice chairman, Kim will also take over as CEO of Hanwha Solutions, Hanwha Corp. and Hanwha Aerospace.
Companies | 2022-08-29 16:56
Jeju Air's financial trouble spreads to Aekyung Group
Jeju Air's growing financial trouble is spreading to its parent firm Aekyung Group as it continues to bleed funds, according to industry officials Monday. AK Holdings, the holding company of Aekyung Group with a 51.06 percent stake, has been seeing its finances deteriorate as it continues to inject capital into Jeju Air, which has been devastated by increasing losses due to t...
Companies | 2022-08-29 16:30
Will Samsung chief visit US to strengthen semiconductor ties?
Speculation is mounting that Samsung Electronics Vice Chairman Lee Jae-yong will head to the U.S. during the “Chuseok” autumn harvest holiday from Sept. 9 to 12 to enhance semiconductor ties with the country, according to industry officials, Friday. Fanning such forecasts is the fact that Lee has been expanding his management role over the electronics giant after receiving a ...
Companies | 2022-08-26 16:51
POSCO advises SMEs to enter overseas markets
POSCO International held an export consultation conference for small and medium-sized (SME) venture companies at the POSCO Changeup Ground event in Seoul, Friday. According to the company, the export conference, which is now in its third year, was organized for such companies in Korea that are having difficulties in expanding to overseas markets despite their advanced technol...
Companies | 2022-08-26 15:18
Lee Jae-yong attends groundbreaking ceremony for Giheung R&D complex
Samsung Electronics Vice Chairman Lee Jae-yong visited the company's Giheung campus for the groundbreaking ceremony for its next-generation semiconductor R&D complex, according to the company, Friday. This visit was Lee's first public appearance since being pardoned by President Yoon Suk-yeol on the Aug. 15 National Liberation Day.
Companies | 2022-08-19 16:18
New FTC chief vows to remove 'unnecessary' regulations to spur business activities
Han Ki-jeong, the nominee for the Fair Trade Commission (FTC) chairman, pledged to remove all “unnecessary” regulations and establish fair market rules once his nomination is confirmed as the head of the antitrust agency, he said Friday. "I think that unnecessary regulations should be boldly overhauled for a free market economy so that businesses can run freely," Han said on ...
Companies | 2022-08-19 15:34
SK Inc., SK Energy acquire US energy company Atom Power
SK Inc. and SK Energy announced they will acquire the management rights of Atom Power, an American energy solution company, for $150 million, the company said, Thursday. “Through the acquisition of Atom Power, we will secure the core technology of the energy solution business and use it as a stepping stone to implement an energy solution platform and discover various business...
Companies | 2022-08-18 16:16
Will Inflation Reduction Act impact Hyundai, Kia's EV sales in US?
The implementation of the Inflation Reduction Act (IRA), signed by U.S. President Joe Biden, Tuesday (local time), is expected to have a short-term impact on Hyundai Motor Group's U.S. electric vehicle (EV) sales in the coming years, according to industry officials and analysts, Thursday. The IRA provides tax credits and subsidies for EVs manufactured in the U.S., which could...
Companies | 2022-08-18 16:11
SK chief meets Bill Gates to share commitments for global health
SK Group Chairman Chey Tae-won met with Bill Gates, co-chair of the Bill & Melinda Gates Foundation, in Yeouido, Seoul, to discuss shared commitments to global health, Tuesday. SK Bioscience and the Bill & Melinda Gates Foundation have collaborated since 2013, with the foundation funding SK Bioscience's efforts to develop several products, including a typhoid vaccine, a non-r...
Companies | 2022-08-16 17:05
Asiana's soaring debt causes concerns for Korean Air
Asiana Airlines' financial structure continues to deteriorate as its debts have soared due largely to foreign exchange losses as a result of the won's falling value against the dollar, according to industry officials, Tuesday. In the first half of this year, Asiana's debt soared to 13.39 trillion won, up by 835 billion won ($638 million) from a year earlier. The continuous ri...
Companies | 2022-08-16 15:35
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