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Mon, May 29, 2023 | 18:16
Young chief drastically transforms LG over 4 years
LG Group Chairman Koo Kwang-mo has drastically transformed Korea's fourth-largest business group into a conglomerate focusing on future growth engines by dropping unprofitable businesses, according to industry watchers, Tuesday. Koo will mark his fourth anniversary Wednesday since he took over management of LG Group in June 29, 2018. Under Koo's leadership, LG has withdrawn f...
Hyundai Heavy to build six patrol vessels for Philippine Navy
Hyundai Heavy Industries (HHI) signed a contract with the Philippine Department of National Defense, Monday, to construct six 2,400-ton offshore patrol vessels (OPVs) worth $573 million.
Nexon to release new MMORPG 'HIT 2' in summer
Domestic game company Nexon released a teaser video for “Hit 2” last month, and will start the full pre-registration process on June 30. The previous game, “Hit,” created a big sensation in the mobile market when it was released in 2015 and Nexon hopes “Hit 2” will also become a hit in the second half of this year.
Booyoung supports veterans
Booyoung Group Chairman Shin Myung-ho, right, delivers a $100,000 donation to Kwon Oh-seong, president of the Army Association. Booyoung Group has been engaged in various social contribution activities, holding the Liberty Walk Seoul event, Saturday, at the War Memorial of Korea in Yongsan, along with the 6.25 Foundation and the Korea Army Association. At the event, Booyoung ...
90% of Korean companies in China suffered from lockdowns in major cities
Nearly 90 percent of Korean companies operating in China have suffered from the latter's strict zero-COVID measures - including lockdowns of major cities, mandatory mass testing, transportation shutdowns and travel bans - from March to April, according to the Korea International Trade Association (KITA), Monday. The Shanghai branch of the KITA released a report after surveyin...
Samsung, LG cut production as demand drops
Samsung Electronics and LG Electronics have decided to cut production of their TVs and other home appliances to cope with declining consumer demand amid unfavorable economic conditions such as inflation, high interest rates and Russia's invasion of Ukraine, according to industry officials Friday.
Posco officially apologizes for years-long sexual assault case
Posco has issued an apology based on the allegations that a female employee at its main plant in Pohang, North Gyeongsang Province, had been sexually assaulted by co-workers over more than three years.
Lotte chief seeks to expand business in Europe
Lotte Group Chairman Shin Dong-bin, who has been on a business trip to Europe, announced he will invest an additional 110 billion won ($84.8 million) to double the production of anode foil, a key secondary battery material, during his visit to the Lotte Cluster, built in the Turtovanyeo Industrial Complex in Hungary, the company said, Wednesday.
Bentley Tower opens to provide one-stop services
Bentley Motors Korea held the opening ceremony for Bentley Tower, the world's largest integrated business tower for Bentley in Dongdaemun District, Seoul, Wednesday, providing a one-stop service for new cars, certified used cars and warranty service. Bentley Asia-Pacific Regional Director Nico Kuhlmann, Bentley Motors Korea CEO Warren Clarke and British Ambassador to Korea Co...
2022 Korea Times Forum (PHOTOS)
Korea Times Chairman Seung Myung-ho, front row sixth from left, Minister of Trade, Industry and Energy Lee Chang-yang, fifth from left, and Seoul Mayor Oh Se-hoon, seventh from left, applaud during a VIP session prior to the 2022 Korea Times Forum at the Korea Chamber of Commerce and Industry (KCCI) building in Seoul, Tuesday. From left in the front row are German Ambassador ...