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Reporter : Kim Hyun-bin
Sun, October 1, 2023 | 21:30
Chaebol chiefs meet Saudi crown prince to seek lucrative deals in oil-rich nation
The heads of Korea's top business groups gathered at Lotte Hotel Seoul, Thursday afternoon, to meet Saudi Arabia's Crown Prince Mohammed bin Salman and seek more business opportunities in the $500 billion Neom smart city project in the Middle Eastern country, industry officials said Thursday. The crown prince arrived in Seoul early Thursday and held a tea meeting for one and ...
Maserati launches Grecale in Korea
Maserati, an Italian high-performance luxury car brand, introduced its new Grecale SUV at a launch ceremony in Seoul, Thursday. The Grecale is the manufacturer's second SUV model and shares similarities with Maserati's MC20 super sports car in design and powertrain, thereby embedding the carmaker's passion, innovation and timeless design in perfect harmony, the company said.
KCCI collects money from top 10 conglomerates for Expo bid
The Korea Chamber of Commerce and Industry (KCCI) has been collecting money from Korea's top 10 businesses groups, including Samsung, SK, Hyundai Motor and LG, to finance a range of activities to help Busan win a bid to host World Expo 2030, according to the country's top business lobby group Wednesday.
Genesis' first convertible concept car
The X Convertible, Genesis' convertible concept model, was unveiled in Malibu California, Tuesday (local time). This is the third model of Genesis' X Concept Series and the brand's first convertible concept. Courtesy of Hyundai Motor Group
Volkswagen Korea launches new Jetta, unveils Golf GTI
Sacha Askidjian, the executive director of Volkswagen Korea, who is marking the first anniversary of the company's inauguration vowed to accelerate its key brand strategy during the "2022 Volkswagen Atelier" where the company held a launch ceremony for the new Jetta and a pre-release presentation for the Golf GTI at Mark 69 in Seoul, Wednesday.
Samsung Electronics corporate tax burden 2.6 times higher than TSMC
Samsung Electronics' corporate tax burden was found to be 2.6 times higher than Taiwan's TSMC, and voices are emerging that the competitiveness of domestic companies should be improved through corporate tax cuts, according to industry officials, Tuesday.
Korean Air to submit more materials to UK government concerning Asiana Airlines takeover
Korean Air plans to submit additional data to address monopoly concerns over its scheduled takeover of Asiana Airlines raised by British competition authorities, the air carrier said Tuesday. The British Competition and Markets Authority (CMA) announced that it would suspend its review, saying that the acquisition could result in higher prices and lower-quality service for pa...
GS Caltex MFC plant completion ceremony
GS Caltex CEO Hur Sae-hong, front row ninth from left, poses with government officials and business executives at a ceremony to mark the completion of the Yeosu GS Caltex Olefin mixed feed cracker (MFC) facility at GS Caltex's Yeosu Plant 2 in South Jeolla Province, Friday. Courtesy of the Ministry of Trade, Industry and Energy.
Saudi crown prince expected to meet chaebol tycoons
Saudi Arabia's Crown Prince Mohammed bin Salman is set to visit Korea next week and speculation abounds on whether he will meet with chaebol tycoons to discuss business partnerships for the kingdom's $500 billion eco-friendly NEOM City project, according to industry officials, Friday. The crown prince is scheduled to visit Seoul on Nov. 17 and stay for one night at the Lotte ...
Concerns grow over Korean firms' soaring investments in US due to IRA
Experts are calling for increased government support to help boost domestic investment, especially in the electric vehicle (EV) and battery sectors, to secure global supply chains that could better counter the U.S. Inflation Reduction Act (IRA), according to industry officials, Friday. The Korea Economic Research Institute (KERI), an affiliate of the Federation of Korean Indu...