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Reporter : Kim Hyun-bin
Mon, May 29, 2023 | 18:15
KCCI sets 'industrialization of Korean food' as nat'l development project
The Korea Chamber of Commerce and Industry (KCCI) announced Tuesday that it has set the development of the Korean food manufacturing industry as the theme for this year's national growth project contest, Tuesday. The KCCI started the National Development Project last year to spur private businesses to find solutions to structural problems facing Korea.
Growing number of embezzlement cases poses major corporate risk
Embezzlement has emerged as an increasingly prominent corporate risk in recent months as more and more employees have been found to have stolen company money, dealing severe blows to corporate image and also scaring off potential investors, according to industry officials, Tuesday. Experts also say embezzlement cases tend to increase during difficult economic times, especiall...
Online education stocks soar as gov't strengthens COVID-19 quarantine guidelines
Shares of online education companies have been heading upward since the government recommended private learning academies to go online to help prevent the spread of COVID-19, according to stock market analysts Monday. Stock prices of online education-related stocks such as MegaMD, NE Neungyule, and YBM Net have shown an upward trend. MegaMD closed at 3,515 won up 8.82 percent...
Will Samsung and Lotte chiefs receive pardons?
Expectations are growing that President Yoon Suk-yeol will pardon Samsung Electronics Vice Chairman Lee Jae-yong and Lotte Group Chairman Shin Dong-bin on Aug. 15, National Liberation Day, to help companies deal with a range of downside risks, including high inflation and unfavorable exchange rates, according to industry officials, Monday. Yoon has been contemplating his firs...
Hyundai Motor faces more challenges in 2nd half
Hyundai Motor will face more difficulties in the second half of the year due to ongoing global economic uncertainties, despite achieving record-breaking profits for the second quarter, Korea's largest carmaker said, Thursday. “Global vehicle sales remain low due to disruptions in the supply of automotive parts and raw materials, including semiconductors, amid the Russia-Ukrai...
SK Inc. to pay interim dividends at 1,500 won per share
SK Inc. said Thursday that it will issue interim dividends for the fifth consecutive year to continue its shareholder return commitment. SK Inc. held a board meeting and decided to pay an interim dividend of 1,500 won ($1.14) per share matching its previous year, despite the uncertain business environment. The total payment amount is similar to last year at 85 billion won.
Controversy grows over broadcasting rights of KLPGA
A controversy has been growing over the broadcasting rights for the Korean Ladies Professional Golf Association (KLPGA) tour, as the bidding conditions offered by the Korea Ladies Professional Golf Tour (KLPGT) appear to favor local broadcaster SBS, which currently holds the broadcasting rights, according to industry watchers, Wednesday.
LS Group fires up 'ambidextrous management' for growth
LS Group is accelerating its “ambidextrous management” as it wants to expand both current and future growth opportunities amid the uncertain global business environment, according to LS officials, Wednesday. “Ambidextrous management” is an organizational strategy that promotes both the main business and the new business simultaneously. It has been the management strategy of L...
Hyundai, Rolls-Royce to develop all-electric propulsion for air mobility
Hyundai Motor Group and Rolls-Royce are joining forces to bring all-electric propulsion and hydrogen cell technology to the advanced air mobility (AAM) market. The two companies signed a memorandum of understanding (MOU) on Monday and the partnership aims to bring together Rolls-Royce's aviation and certification capabilities and Hyundai Motor Group's hydrogen fuel cell techn...
Renault Korea union set to hold strike
The Renault Korea union is preparing to go on strike, filing for a labor dispute mediation with the National Labor Relations Commission (NLRC), Friday. The union announced in a two-day vote that ended on Thursday, 1,332, or 80.6 percent of 1,653 union members who participated in the vote, agreed on the industrial action to secure the legal right to strike. The union has a tot...