search close
Reporter : Kim Hyun-bin
Fri, December 8, 2023 | 08:41
POSCO International aims to become global energy powerhouse
The merger between POSCO International and POSCO Energy will fuel the company's global energy competitiveness and help create a global powerhouse for the energy sector, the company said, Monday. The integrated corporation of POSCO International and POSCO Energy was officially launched on Jan. 1.
Chaebol tycoons brace for unprecedented biz environment in 2023
Major conglomerate chiefs face grave uncertainties in the new year as a global economic downturn, inflation and rising interest rates are expected to continue. Attention is on how the “chaebol,” or large Korean conglomerates run and controlled by an individual or family, will adapt and grow in these challenging times, according to analysts and industry officials.
Hyundai Motor set to hire new technical staff for first time in 10 years
Hyundai Motor plans to hire a total of 700 new technical staff for two years starting in 2023, making it the first recruitment of technicians since 2013, according to industry officials, Friday. The company's labor and management agreed during this year's wage negotiations to scale up its new recruitment of technical workers in domestic production plants, as thousands of expe...
Concerns rise at LGES over union demand for drastic wage hike
Concerns are rising at LG Energy Solutions (LGES) after unionized workers at the company's battery plant in the U.S. state of Ohio are demanding a significant increase in wages. Depending on the outcome of wage talks, battery plants in other regions could be affected, according to industry officials, Friday. Ultium Cells, a joint battery manufacturing company set up by LGES a...
Bureaucrats, lawmakers urged to reduce burden on businesses
Major business lobby groups are urging the government to reduce the burden on companies. The Korea Chamber of Commerce and Industry (KCCI), the Federation of Korean Industries (FKI), the Korea Enterprises Federation (KEF) and the Korea International Trade Association (KITA) are also calling on the government to enhance cooperation and ease regulations.
KITA to aid exporters to overcome trade difficulties in 2023
The Korea International Trade Association (KITA) will help businesses overcome trade difficulties in the New Year as external problems are expected to continue in 2023, KITA Chairman Koo Ja-yeol emphasized. In 2023, global economic and geopolitical uncertainties are expected to remain high.
Nurturing foreign experts key to globalizing Korean food: survey
Fostering foreign Korean food experts is one of the key factors to spreading Korean food around the world, according to recent survey results released by the Korea Chamber of Commerce and Industry (KCCI), Wednesday. A project on fostering foreign Korean food experts won the top prize in the Korean Food Industrialization Idea Contest run by the KCCI, for emphasizing the need f...
Korean chipmakers need to reduce dependence on China, expand presence in US
Korea needs to reduce its semiconductor export dependence on China and strengthen chips-related exports to the U.S. to gain a greater global market share, according to a report released Wednesday by the Korea International Trade Association (KITA), titled “Korea's opportunities and threats due to global semiconductor supply chain reorganization.” The report states that Taiwan...
LS to log record performance under new chief
LS is on track to reach a record-high performance under the leadership of LS Group Chairman Koo Ja-eun, who is scheduled to complete his first year in office, according to industry officials, Tuesday. He was appointed as the group chairman in November 2021 and began his term in January this year. Under his leadership, LS Group is expected to record its highest performance eve...
Hyundai's EV platform receives highest safety rating
Hyundai Motor Group's EV platform, E-GMP, was rated at the highest safety level, receiving the top grades in all major global crash tests, the automaker said, Sunday. According to the Hyundai Motor Group (HMG), the IONIQ 5, Kia EV6 and Genesis GV60 have obtained the highest grade of “Top Safety Pick Plus” (TSP+) in the crash evaluation by the Insurance Institute for Highway S...