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Tue, November 29, 2022 | 17:54
HD Hyundai boosts ties with Saudi Arabia
HD Hyundai CEO Chung Ki-sun, left, listens to Saudi Arabia Minister of Investment Khalid A. Al-Falih, second from right, at Four Seasons Hotel Seoul, Friday. HD Hyundai said Sunday that they talked about the progress of the company's collaboration with Aramco in shipbuilding and engine manufacturing, as well as ways for the Korean firm to support the “Saudi Vision 2030&...
Amazon-owned Twitch threatens to leave Korea due to regulations
Twitch, the world's leading video streaming platform owned by, announced abruptly on Thursday that it will stop providing VOD content services in Korea. The move is being perceived here as an attempt to protest the country's strict regulations.
POSCO Chemical builds world's largest cathode materials factory
POSCO Chemical held a ceremony on Thursday to celebrate the construction of its cathode materials factory in Gwangyang, South Jeolla Province, which can annually produce up to 90,000 tons of the core material for electric vehicle (EV) batteries.
STX donates to foreign victims of Itaewon tragedy
STX Corporation, a trading company engaged in the shipping and logistics businesses, as well as in the trading of energy, commodity and machinery, donated a combined 130 million won ($95,000) to help the bereaved families of 26 foreign nationals who died from the deadly Itaewon crowd crush in Seoul on Oct. 29.
Lotte makes moves to save cash-strapped construction unit
Lotte Group's affiliates poured a combined 1 trillion won ($733 million) over the past three weeks into the group's construction unit, which has faced financial risks stemming from worsening investor sentiment amid interest rate hikes and a default in project financing for the construction of the Legoland Korea Resort in Gangwon Province. Concerns have therefore grown further...
Is Legoland Korea struggling with public relations?
The Legoland Korea Resort, which replaced its British divisional director with a Korean earlier this month, has also recruited a communications director and hired a new public relations (PR) agency recently. This series of staffing changes by the Lego-themed amusement park's operator is regarded as part of its efforts to cope with the ongoing negative media coverage of the co...
[INTERVIEW] 'Working moms don't need to be superwomen'
Galderma Korea General Manager Kim Youn-hee, who began her career as a saleswoman for the foreign pharmaceutical firm MSD in the early 2000s, seems like the very person who lives up to the word “superwoman,” at first glance. At the time she started working, it was difficult to find women working in sales in Korea's pharmaceutical industry. However, she proved herself by winni...
LG Display unveils world's 1st high-resolution stretchable display
LG Display unveiled the world's first 12-inch high-resolution stretchable display equipped with a free-form technology that enables it to be extended, folded and twisted without distortion or damage, the company said Tuesday.
Elon Musk's Twitter Korea layoffs may be violation of labor law
Elon Musk firing nearly half of Twitter's staff globally, including several employees of the U.S. firm's Korean office, could be in violation of the Korean Labor Standards Act, according to legal experts, Tuesday. After the new Twitter owner decided to carry out mass layoffs last weekend, at least eight among some 30 employees of Twitter Korea are said to have been forced to ...
Novelis breaks ground for aluminum recycling center in Ulsan
Novelis, the world's leading company in aluminum rolling and recycling, broke ground on a $53 million aluminum recycling center in Ulsan, Monday, with the aim of reducing its carbon emissions by more than 420,000 tons annually through the new facility to produce 100,000 tons of low-carbon sheet ingot annually.
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