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Reporter : Park Jae-hyuk
Fri, July 1, 2022 | 02:29
Kakao Mobility grapples with staff jitters of potential sell-off
Kakao Mobility CEO Ryu Geung-seon held a meeting Friday with employees who are concerned about the possibility of the company's largest shareholder, Kakao, selling around 40 percent of its 57.5 percent stake in the subsidiary to a private equity firm. Ryu is said to have held the meeting to reassure employees by explaining the company's current situation and its plans. Kakao ...
Posco strives to satisfy BlackRock's demand for ESG management
Posco Group spent two days briefing a major U.S. shareholder about its efforts to achieve carbon neutrality. BlackRock, which owns 5.02 percent of Posco Group's holding company, Posco Holdings, had asked the Korean steelmaker to pursue sustainable management practices. Inviting BlackRock Managing Director Henny Sender to Posco Holdings' headquarters on Thursday and to an inte...
POSCO Holdings joins hands with SK On for battery business
POSCO Holdings has signed a memorandum of understanding with SK On, Wednesday, for their comprehensive cooperation in the secondary cell business. The holding firm of POSCO Group dealing with raw materials for batteries explained that it decided to join hands with the electric vehicle (EV) battery manufacturing unit of SK Group in order to jointly come up with countermeasures...
SK, Samsung, Hyundai Motor, Lotte go all-out for 2030 Busan World Expo
Korea's top business groups are going all-out to help Busan win the competition against Saudi Arabia's Riyadh, Italy's Rome and Ukraine's Odesa to be selected as the venue for the 2030 World Expo, according to industry officials, Wednesday.
Global leaders to offer policy suggestions for Yoon government at Korea Times Forum
The Korea Times will host a forum, titled, “What We Want from the New Government,” at the Korea Chamber of Commerce and Industry (KCCI) building in Seoul, Tuesday. President Yoon Suk-yeol took office as the nation's leader at a critical time when businesses are facing daunting challenges such as surging inflation, reduced consumption amid the pandemic and rising labor costs. ...
For increased trade between Korea and Jordan
Korea Importers Association (KOIMA) Chairman Kim Byung-kwan, right, poses with Jordan Ambassador to South Korea Asal Al-Tal at the KOIMA headquarters in Seoul, Monday. KOIMA said the ambassador asked it to introduce Korean businesspeople to Jordan's economic delegation when it visits Korea in October. Courtesy of KOIMA
Posco forced to halt production as nationwide trucker strike continues
Posco halted operations at some production lines at its steel mill in Pohang, North Gyeongsang Province, due to an indefinite general strike by unionized cargo truck drivers that has continued for the seventh day, Monday. From 7 a.m., the steelmaker suspended production at all four wire rod factories in the southeastern port city and at one of two cold-rolled steel plants the...
AI experts to advise LG Energy Solution on digital transformation
A Seoul National University (SNU) professor specializing in artificial intelligence (AI) technology was appointed to lead LG Energy Solution's (LGES) advisory council on AI, according to the company, Monday. The electric vehicle battery manufacturing unit of LG Group said that SNU Department of Electrical and Computer Engineering professor Yoon Sung-roh will direct the counci...
Tech expert to lead McKinsey Korea
McKinsey & Company Senior Partner Song Seung-heon will start leading the global management consultancy's Korea office from Monday as its new managing partner, the company said, Sunday. He has advised leading companies in the automotive, engineering and construction sectors, guiding successful turnarounds and performance transformation programs, since he joined McKinsey in 2002
Kumho Petrochemical heir to join board of directors
Kumho Petrochemical plans to appoint Chairman Park Chan-koo's oldest son, Senior Executive Vice President Park Jun-kyung, as the new executive director next month in an apparent attempt to accelerate a family succession. The petrochemical firm said in its regulatory filing Friday that it will hold an extraordinary general meeting of shareholders on July 21 to vote on the prop...
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