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Reporter : Park Jae-hyuk
Sat, June 3, 2023 | 01:02
SK, Corio join hands for global offshore wind power projects
SK oceanplant CEO Lee Seung-chul, left, and Corio Generation's head of Korea Choi Woo-jin pose at the latter's office in Seoul, Thursday, after signing a memorandum of understanding for their cooperation in global offshore wind power projects. They agreed to carry out six projects in the U.K., Australia, Taiwan and South Korea with a combined capacity of 6.8 gigawatts. Courte...
New EU trade policies unnerve Korean firms
Korean manufacturers of batteries and electric vehicles (EVs) are still on alert over the European Union's recent decisions on critical raw material and net-zero goals. This comes after the Korean government expressed cautious optimism toward the EU's policies comparable to the U.S. Inflation Reduction Act (IRA), according to industry officials, Sunday.
InterBattery showcases Korean battery tech favored by global carmakers
InterBattery 2023, the largest battery exhibition in Korea to be held for three days at COEX until Friday, seemed more like a motor show this year, as all of the top three battery manufacturers here showcased electric vehicles (EVs) of global carmakers using their products.
POSCO donates $3 million to compensation fund for victims of Japan's forced labor
POSCO announced Wednesday that it has decided to “voluntarily” donate an additional 4 billion won ($3 million) to the Foundation for Victims of Forced Mobilization by Imperial Japan, based ...
HD Hyundai chairman wins Gold Tower Order of Industrial Service Merit
HD Hyundai Chairman Kwon Oh-gap received the Gold Tower Order of Industrial Service Merit during a ceremony for Commerce & Industry Day on Wednesday, as he was recognized for his continuous efforts to foster Korea's shipbuilding industry and increase social contributions.
Adidas CEO urged to overturn predecessor's plan to reduce stores in Korea
Adidas CEO Bjorn Gulden, who took office in January, is facing growing calls from Korean franchisees of the German sportswear brand to revoke the restructuring plan pursued by Kasper Rorsted, his predecessor, according to industry officials, Tuesday.
More Korean shipping firms put up for sale ahead of industry downturn
A growing number of shipping companies have been put up for sale recently, desperate to find new owners before a highly anticipated downturn in the global shipping industry, according to industry officials, Tuesday. The latest example was Hahn & Company's move to sell SK Shipping's tanker business.
Will KT CEO nominee get enough votes at shareholders' meeting?
Uncertainty is growing over KT's plan to task Yun Kyung-lim, head of the group transformation division, with leading the telecommunications firm over the next three years, according to industry officials, Monday. This outlook resulted from the expectation that KT's two largest shareholders - the National Pension Service (NPS) and Hyundai Motor Group - will vote against Yun du...
Naver looms as potential target of activist funds
Naver, which saw a sharp decline in its stock price over the past year, is viewed as the next target of activist hedge funds, amid intensifying shareholder activism on the Korean stock market, according to securities analysts, Monday.
Korean builders hit jackpot with S-Oil's Shaheen project
Multiple domestic builders hit the jackpot thanks to S-Oil's 9.26 trillion won ($7 billion) “Shaheen” project aimed at building Korea's largest petrochemical plant in the southeastern port city of Ulsan by 2026, according to industry officials, Friday.
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