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Reporter : Park Jae-hyuk
Sat, June 3, 2023 | 00:02
GS E&C admits to faulty construction of apartment underground parking lot in Incheon
GS E&C apologized on Tuesday for last month's collapse of an apartment complex construction site in northern Incheon's Geomdan New Town, admitting that it had missed installing rebar in over 30 places of the destroyed underground parking lot's upper floor.
Saudi transport minister's visit raises hopes for more business deals
Saudi Arabian Minister of Transport and Logistics Services Saleh bin Nasser Al-Jasser started a three-day trip to Korea, Monday, prompting Korean firms to anticipate more lucrative orders from the oil-rich Middle Eastern country, in addition to Neom, a $500 billion smart city development project. On the first day of his visit, he signed a memorandum of understanding (MOU) wit...
IMM faces obstacles in selling Hyundai LNG Shipping to foreign firm
Korea's shipping industry officials urged the government on Monday to prohibit IMM Private Equity from selling Hyundai LNG Shipping to a foreign company, citing a potential threat to the nation's energy security. They made the request as the private equity firm (PEF) is said to be considering selling the shipping company to one of the potential buyers from the U.S., the U.K. ...
[INTERVIEW] Siemens Korea CEO vows full support for Busan's World Expo bid
When Siemens came to Korea for the first time in the 1950s, its mission was to help rebuild the war-torn country through projects to install power generation facilities, chemical plants, cement factories and cables. About a half-century after the opening of Siemens' liaison office here in 1967, Korea has grown to become one of the world's top 10 economies, playing major roles...
Celltrion chairman's shunned daughters seen as risk to company governance
Celltrion is facing uncertainties over Chairman Seo Jung-jin's potential handover of his management rights to his two sons, Celltrion Board Chairman Seo Jin-seok and Celltrion Healthcare Board Chairman Seo Joon-serk, as it was found recently that his two daughters from an extramarital affair had been recognized last year as his biological children, according to industry offic...
GS E&C, LH play blame game over apartment construction site collapse
GS E&C and Korea Land & Housing Corp. (LH) have drawn criticism for their attempts to shift the blame onto each other over the recent collapse of an apartment complex construction site in Incheon, according to industry officials, Thursday.
[EXCLUSIVE] Schindler continues to threaten Hyundai Group chairwoman's control of elevator unit
Hyundai Group Chairwoman Hyun Jeong-eun continues to face the risk of losing control over Hyundai Elevator, a key subsidiary, as her legal battle with Swiss elevator maker, Schindler, has not yet come to an end, according to sources familiar with this issue, Wednesday.
Taiwan's Acer returns to Korea with new laptop, apology
Acer unveiled its new Swift Go 16 laptop during a press conference held in Seoul, Wednesday, to celebrate the recent re-establishment of the Taiwanese personal computer manufacturer's Korean subsidiary.
New OCI chairman grapples with continued controversy
OCI Holdings kicked off its operation on Tuesday with the appointment of its new chairman, amid multiple controversies surrounding him and the company.
Korea wary of China's economic retaliation following Yoon's Taiwan remarks
Concerns are growing over China's possible economic retaliation against Korea after President Yoon Suk Yeol's recent remarks on Taiwan elicited angry responses from Beijing, according to sources, Tuesday.
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