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Reporter : Kim Hyun-bin
Fri, July 1, 2022 | 01:21
Samsung, SK chiefs seek to accelerate trips to Japan for biz exchanges
Samsung and SK are seeking to increase cooperation with Japanese companies to secure supplies of semiconductor materials and equipment. Since the Yoon Suk-yeol administration took office, Korea-Japan economic cooperation has been accelerating, with some business meetings taking place between the two countries.
Samsung, Intel chiefs agree to enhance cooperation in semiconductors
Samsung Electronics Vice Chairman Lee Jae-yong met with Intel CEO Pat Gelsinger, Monday, to discuss ways to cooperate in the semiconductor field. According to Samsung Electronics, Lee met Gelsinger at Samsung Electronics' headquarters in Seoul. The two had dinner together after discussing ways to cooperate in semiconductor supply.
[EXCLUSIVE] Lufthansa forced dozens of Koreans to retake COVID tests unnecessarily
German flagship carrier Lufthansa is facing criticism for requiring over 30 passengers on its LH 0718 flight from Munich to Incheon on May 25 to retake their rapid antigen tests just before departure, despite having valid negative COVID-19 test results, according to some passengers and industry officials, Monday.
Mercedes-Benz, Renault hit for abandoning Busan Motor Show
Mercedes-Benz and Renault Motors have been taking some flak for their respective decisions not to take part in the 2022 Busan International Motor Show (BIMOS), as they appear to be prioritizing finances over participation as members of the nation's automotive ecosystem, according to BIMOS organizers and industry officials, Monday. They say the two companies' nonparticipation ...
Gov't to ease COVID-19 protective clothing measures on int'l flights
The Korean government is seeking to ease COVID-19 measures regarding protective clothing on international flights to assist local airlines' efforts to meet rising passenger demand. It will allow flight attendants on international flights to take off their COVID-19 protective suits, goggles and gloves next month, which they are currently obligated to wear to prevent infection.
Major conglomerates to hold global strategy meetings to assess biz environment
Major conglomerates such as Samsung Electronics, SK and LG are scheduled to hold business strategy meetings in the first half of the year to examine the groups' major issues in the domestic and overseas business markets. These companies have recently announced large-scale investment plans to secure future growth engines, despite increased external uncertainties and a greatly ...
SeAh cooperates with Orano, KEPCO in nuclear fuel storage business
SeAH Besteel will advance into the nuclear power plant market by strengthening partnerships with domestic and foreign nuclear companies. The company announced it had signed a memorandum of understanding (MOU) with Orano TN and KEPCO E&C to cooperate in the dry spent nuclear fuel storage business. Under the MOU, the three companies agreed to strengthen mutual cooperation throu...
Korean Air, Asiana fly high, LCCs continue to struggle
Korean Air and Asiana Airlines performed better than expected in the first quarter of the year on the back of their robust cargo transport businesses, but Jeju Air and other low cost carriers (LCCs) in Korea continued to lose money due to stagnant passenger flight numbers amid the prolonged COVID-19 pandemic, according to industry analysts, Tuesday.
Young chaebol owners bring new management styles
A new generation of chaebol leaders in their 30s and 40s have come to the fore in management by focusing on new growth engines to fuel future growth, according to industry watchers Monday. The young CEOs have been expanding their business portfolios in new growth sectors ranging from space and healthcare to blockchain.
Companies scramble to recruit outside directors amid exodus
A number of companies are facing a shortage of outside directors, as many abruptly resigned to join President Yoon Suk-yeol's Cabinet or run in the June 1 local elections, according to industry officials, Monday. Firms are required to hire a certain number of outside directors in accordance with the law, which is why they are scrambling to find the best candidates on short no...
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