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Reporter : Kim Hyun-bin
Tue, November 29, 2022 | 17:09
GM seeks to increase sales with upgraded Changwon plant
Changwon - General Motors disclosed the details of its massive investment in Korea and presented its future growth strategies while marking the 20th anniversary of GM Korea's foundation, Wednesday. The company invited a pool of local reporters to see the upgraded Changwon plant in South Gyeongsang Province with state-of-the-art facilities to manufacture next-generation vehicl...
Korea should source more key minerals from Africa: KITA chair
Africa is a region that can be a new alternative to diversifying the supply chain for key minerals, Koo Ja-yeol, chairman of the Korea International Trade Association (KITA), said Monday. Koo made the remarks during a business networking event hosting 12 African ambassadors to Korea at the Shilla Hotel in Seoul.
Hyundai Mobis supplies chassis modules to German premium EVs
Hyundai Mobis inked a deal to supply chassis modules to Mercedes-Benz AG, becoming the first non-European supplier of chassis modules as an original equipment manufacturer (OEM), the Korean automotive parts maker said Tuesday. Through the deal, Mobis won the recognition of global automakers for its module technology and quality. Mobis' new production facility in McCalla, Alab...
KEF to strengthen cooperation with ASEAN countries
The Korea Enterprises Federation (KEF) held a meeting with ASEAN ambassadors to Korea to discuss ways to strengthen economic cooperation between Korea and ASEAN member nations, at the Four Seasons Hotel Seoul, Monday.
KCCI, KASBA to enhance cooperation
Korea Chamber of Commerce and Industry (KCCI) Chairman Chey Tae-won, right, poses with Han Sang-man, president of the Korean Academic Society of Business Administration (KASBA), after signing a business agreement to enhance cooperation after the 1st Korean Executive Roundtable held at the KCCI building in Seoul, Monday. Courtesy of KCCI
US curbs on Chinese solar panel makers expected to benefit Korean companies
Korean solar panel manufacturers such as Hanwha Solutions and OCI need to take advantage of U.S. import restrictions on Chinese-made solar products due to the Inflation Reduction Act (IRA), the Korea International Trade Association (KITA) said in a report published, Monday. The recently passed IRA includes a provision for tax credits for investments in solar power facilities,...
Samsung Electronics hosts Tech Forum 2022 in Silicon Valley
Samsung Electronics successfully held the Tech Forum 2022 in California's Silicon Valley, Oct. 13 (local time), discussing future innovative technologies of the IT industry with experts and executives in the field, according to the company, Sunday. The forum was held at Samsung Research America, located in Mountain View, California, after previous sessions in San Francisco an...
Lee Jae-yong expected to attend WorldSkills closing ceremony
Samsung Electronics Vice Chairman Lee Jae-yong is expected to make an appearance at the closing ceremony of the WorldSkills Competition Special Edition to be held at Kintex in Goyang, Gyeonggi Province, Monday. The WorldSkills Competition is a world championship of vocational skills held every two years. Last year's Shanghai event was postponed for a year due to COVID-19 and ...
Chung turns Hyundai Motor into EV powerhouse in first 2 years as chairman
It's been two years since Hyundai Motor Group Chairman Chung Euisun took the helm of the country's largest automaker on Oct. 14, 2020. For the past two years, he has been focusing on securing future growth engines, including the transition to electric vehicles (EV), starting from the IONIQ 5, as well as other innovative sectors such as robotics, urban air mobility (UAM) and a...
'Korea needs to utilize hallyu, economic development to host World Expo'
Korea needs to utilize some of its unique strengths such as hallyu, the Korean cultural wave, and its rapid economic development to boost its ongoing campaign to host the World Expo 2030 in Busan, according to the Federation of Korean Industries (FKI), Thursday.
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