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Tue, November 29, 2022 | 17:39
Korean Air introduces in-flight wine collection
Award-winning sommelier Marc Almert, second from left, poses next to Korean Air flight attendants with the airline's 50 newly selected in-flight wines at the Four Seasons Hotel in Seoul, Thursday. The wines are scheduled to be introduced next March. The 50 wines consist of 19 firs...
Why Renault aims to establish Korea as export hub
French carmaker Renault has selected Korea to become its export hub for its large vehicle lineup despite suffering continuous labor-management conflicts and low brand recognition in the country. In the Korean market this year, Renault sold only 39,487 vehicles from January to September, placing it in fourth place with a mere 3.9 percent market share.
Porsche unveils Taycan designed in collaboration with BLACKPINK's Jennie
Porsche Korea unveiled a battery-electric shooting brake on Wednesday designed in collaboration with K-pop group Blackpink star Jennie.The “Taycan 4S Cross Turismo for Jennie Ruby Jane” is a collaboration between the K-pop star and the German automaker's Sonderwunsch House division that customizes the luxury sports cars to meet customers' needs.
LS to strengthen cooperation with GCC member countries
LS Group invited ambassadors in Korea representing five Gulf Cooperation Council (GCC) member states to LS Yongsan Tower to introduce the company's electric power infrastructure and future business technologies while enhancing cooperation with their countries, according to the company, Tuesday. The GCC is a regional organization formed in 1981 by six Arab oil-producing countr...
Hanwha chief calls for continuous innovation on 70th anniversary
Hanwha Group Chairman Kim Seung-youn stressed the need for continuous innovation during the conglomerate's 70th year anniversary. "We must be wary of yesterday's Hanwha and always be innovative," he said in an in-house broadcast, according to Korea's seventh-largest business group, Tuesday. "Hanwha's past 70 years are a history of expanding Korea's industrial landscape throug...
Hanwha withdraws from $10 bil. Iraqi construction project
Hanwha Group has decided to withdraw from a $10 billion construction project in Iraq amid concerns that the conglomerate will have difficulty recovering its investments. Analysts say that Hanwha averted future losses by withdrawing from the project early rather than continuing the business. Hanwha Engineering & Construction (E&C), a wholly-owned subsidiary of Hanwha Corp., no...
POSCO, LGES aim to strengthen cooperation in secondary battery biz
POSCO Holdings and LG Energy Solution (LGES) will strengthen cooperation related to rechargeable batteries, according to the two companies, Monday. The companies signed a memorandum of understanding (MOU) for “Strategic Business Cooperation in Secondary Battery Materials” in Seoul, Friday, in the presence of POSCO Group Chairman Choi Jeong-woo and LGES Vice Chairman Kwon Youn...
Kim Yeong-su wins 2022 Genesis Championship
Hyundai Motor Group Chairman Chung Euisun, left, poses next to 2022 Genesis Championship winner Kim Yeong-su at Jack Nicklaus Golf Club Korea in Songdo, Incheon, Sunday. Kim scored 6-under in the final round to come in first and became the owner of a Genesis GV80 and 300 million won ($210,500) in prize money. / Courtesy of Hyundai Motor Group
Lotte Biologics accused of stealing trade secrets from Samsung
Prosecutors have launched an investigation into a Lotte Biologics employees who is suspected of stealing Samsung Biologics' trade secrets. The Incheon District Prosecutors' Office sent investigators to search Lotte Biologics' headquarters in Lotte World Tower, Seoul, Friday.
Samsung, SK on alert over US export ban on chip equipment to China
Samsung Electronics and SK hynix are on high alert over the Biden administration's latest move to restrict the exports of U.S. semiconductor equipment and high-powered chips to China to curb the rise of the world's second-largest economy in high-tech industries, according to industry officials Sunday.
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