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Reporter : Kim Hyun-bin
Sat, June 3, 2023 | 06:25
'More gov't support needed as China narrows gap in EU battery market'
The Korea International Trade Association (KITA) says the government should pursue more support measures to maintain competitiveness in the EU battery market as China continues to narrow the gap.
3 individuals win LG Humanitarian awards
The LG Welfare Foundation gave humanitarian awards to three individuals who have helped improve society. "The award is given to encourage righteous people who do not spare their devotion and service for their neighbors," an LG official said.
Hyundai Motor Group to create robust EV ecosystem
Hyundai Motor Group is planning to expand its production of domestic electric vehicles (EVs) so as to solidify its position as a first mover in the EV industry, company officials said Tuesday.
KITA seeks to revitalize Korea-Japan business exchanges
Koo Ja-yeol, chairman of the Korea International Trade Association (KITA), held a luncheon meeting with the Kansai Economic Federation in Osaka, Japan, Tuesday, hoping the easing of relations between Korea and Japan would serve as an opportunity to strengthen cooperation with the Kansai region, Japan's second-largest economic zone.
Hybrid sales jump due to insufficient EV infrastructure
A worker in his early 40s surnamed Kwon recently purchased a new hybrid vehicle as rising gas prices and inflation had been taking a toll on his budget. Initially, Kwon looked into purchasing an electric vehicle (EV) but turned to a hybrid as he believes the country lacks EV infrastructure and he also has safety concerns.
Kishida calls for stronger Korea-Japan cooperation in global supply chains, high-tech industries
Japanese Prime Minister Fumio Kishida has asked Korean business leaders to strengthen cooperation with their Japanese counterparts in creating sustainable global supply chains and advancing chips, batteries and other strategic industries, according to the Japanese Ministry of Foreign Affairs and participants, Monday.
Korean bio firms eye US market buoyed by bilateral pacts
Korean bio and pharmaceutical firms are seeking to expand into the U.S. market after the governments of the two countries agreed to expand cooperation in those sectors. The two governments signed 23 MOUs in the bio sector during President Yoon Suk Yeol's state visit to the U.S. last month. The agreements cover cooperation in research and development (R&D), as well as medical ...
LX marks 2nd anniversary, total assets up 40%
LX Group recently marked two years since its launch, after being spun-off from LG Group in 2021. As its total assets have increased by 40 percent under group chairman Koo Bon-joon's leadership, the management of LX Group has been characterized as stable and pursuing a steady external expansion policy as well as qualitative growth.
LS Group opens Dream Center to help Korean-Vietnamese families in Hanoi
LS Group opened a center in Hanoi, Vietnam, Thursday, in collaboration with the Korea Partnership for Innovation of Agriculture (KOPIA), to provide employment and childcare assistance to Korean-Vietnamese households known as "Hanbe." According to the Hanoi Hanbe Family Association, the number of such households in Vietnam increased from about 500 in 2016 to 2,200 last year.
POSCO International seeks to become top global grain producer
POSCO International will become one of the world's top 10 grain producers by 2030 by securing more farmland and building more grain processing facilities abroad, the company said Wednesday.
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