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Reporter : Kim Hyun-bin
Tue, November 29, 2022 | 16:11
Korea highly dependent on foreign chip equipment: KITA
Korea's dependence on semiconductor equipment from the U.S., Japan and the Netherlands has reached 77.5 percent, sparking worries that the high level of dependence could be geopolitically and diplomatically risky in the future. Some experts are advising Korea to join the Chip 4 Alliance to ensure a stable supply of semiconductor equipment, according to a Korea International T...
Hyundai Heavy Industries Group reshuffles CEOs
Hyundai Heavy Industries Group reshuffled its CEOs, according to the company, Wednesday. Kim Hyung-kwan, vice president of Hyundai Samho Heavy Industries, was promoted and appointed the new CEO of Hyundai Mipo Dockyard. Shin Hyeon-dae, Hyundai Mipo Dockyard CEO, was appointed the CEO of Hyundai Samho Heavy Industries. Vice President Lee Dong-wook of Hyundai Doosan Infracore w...
Companies cancel events, biz leaders pay respects to Itaewon disaster victims
Companies have reduced or canceled various events due to the Itaewon crowd crush that took 156 lives while major conglomerate chiefs paid their respects at memorial services held around the capital, according to industry officials, Wednesday. POSCO Group Chairman Choi Jeong-woo, Vice Chairman Kim Hak-dong and CEO Jeong Tak visited a temporary memorial set up in Gangnam, Seoul...
Hyundai Motor CEO visits Latin American, Caribbean countries to win Expo bid
Hyundai Motor CEO Chang Jae-hoon visited Latin American and Caribbean countries including the Bahamas, Paraguay and Chile to drum up support for Busan to host World Expo 2030, according to the company, Wednesday. Chang met with President Mario Abdo, Foreign Minister Julio Cesar Ariola and Vice Minister of Commerce Pedro Mancuello Perez of the presidential palace in Asuncion, ...
Samsung Electronics holds subdued anniversary ceremony after Itaewon tragedy
Samsung Electronics celebrated its 53rd anniversary discreetly on Tuesday, out of consideration of the national mourning period called for by the government over the Itaewon crowd crush on Saturday that left at least 156 people dead. The company announced that it held a ceremony to celebrate the 53rd anniversary of its founding in Suwon Digital City, Gyeonggi Province, in the...
Hankook Tire emerges as top-tier company through technological innovations
Hankook Tire & Technology is taking a leap forward to emerge as a global, top-tier company by spurring development and securing original tire technology through innovative R&D. The tire maker's products cover all segments from high-performance sports models to electric vehicle (EV) brands and pickup trucks. The technological innovation centers on Hankook Technodome, the tire ...
Korea warned of corporate defaults amid economic slump
The amount of debt held by Korean companies has been skyrocketing after the outbreak of COVID-19 and there are concerns that their repayment capacities have been sharply deteriorating, creating risks of a chain of defaults due to a reliance on variable interest rate and non-bank loans, according to the Federation of Korean Industries (FKI), Monday. The amount of debt shoulder...
Samsung chief expected to visit Vietnam to seek overseas biz opportunities
Samsung Electronics Chairman Lee Jae-yong is expected to travel to Vietnam to strengthen global management and seek new business investment opportunities there, according to industry officials, Sunday. Plans for Lee's visit to Samsung Electronics' Vietnam R&D center at the end of this year is being discussed. Since March 2020, Samsung Electronics has invested $220 million to ...
Hyundai Motor chief meets Slovak PM, requests support for Expo bid
Hyundai Motor Group Executive Chair Chung Euisun met with Slovak Prime Minister Eduard Heger to request support to host the World Expo 2030 in Busan, according to the company Sunday. Chung met with Heger Friday, asking for support in the Korean port city's bid to host the World Expo and discussing ways to cooperate in expanding eco-friendly mobility.
FKI invites ambassadors to Seungsan Village to lobby for Busan's expo bid
The Federation of Korean Industries (FKI) invited a diplomatic delegation to Seungsan Village in South Gyeongsang Province for the Korean Entrepreneurship Exploration Program, while requesting support for Busan's bid to host World Expo 2030, according to the lobby group, Tuesday.
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