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Reporter : Park Jae-hyuk
Fri, July 1, 2022 | 01:16
Hanwha accused of keeping share prices low
Protests have been continuing since last month in front of Hanwha Group Chairman Kim Seung-youn's house in Gahoe-dong, central Seoul, run by a group of minority shareholders of Hanwha Corp., the conglomerate's de facto holding firm, according to the Korea Stockholders Alliance, Thursday.
AMCHAM praises Yoon-Biden summit for raising awareness of ESG
The recent summit between President Yoon Suk-yeol and his U.S. counterpart Joe Biden paved the way for businesspeople to focus more on the management of environmental, social and corporate governance (ESG) principles, according to the American Chamber of Commerce in Korea (AMCHAM) Chairman James Kim, Thursday. Kim, who had an opportunity to witness the leaders' meeting person...
Naver criticized for neglecting ESG
The latest conflict between Naver and unionized workers of its subsidiaries has developed into a controversy over the IT firm's management considering environmental, social and corporate governance (ESG) factors. Naver union leader Oh Se-yoon said in a press conference Wednesday that the company has been neglectful of employees at NIT, NTS, Greenweb Service, Incomms and Commp...
Legoland Korea targeted by new Gangwon governor
Controversies surrounding the Legoland Korea Resort in Chuncheon City have emerged as the main focus of Gangwon Province Governor-elect Kim Jin-tae, causing uncertainty around the operation of the Lego-themed amusement park by its British operator, Merlin Entertainments, according to civic groups and local media, Wednesday.
Hanwha Defense acts as flag bearer of Korea's emerging defense industry
South Korea has grown into one of the top 10 exporters of defense systems over the past decade, with a record $7 billion in arms contracts signed last year. The remarkable growth has been attributed to technological innovation and strategic efforts to meet the demands of countries seeking to acquire reliable defense equipment.
Nationwide cargo truckers' strike heightens woes for businesses
An indefinite general strike that began at midnight on Tuesday by unionized cargo truck drivers is feared to deal a severe blow to Korean businesses, according to company officials Tuesday. Until now, the strike has mostly affected companies dealing with raw materials. However, Samsung Electronics, SK hynix, Hyundai Motor and LG Electronics have also been mentioned as potenti...
Former prosecutor likely to lead antitrust watchdog
A female law school professor with a decade-long career as a prosecutor has been mentioned as the strongest candidate to become the first head of the antitrust watchdog under the presidency of Yoon Suk-yeol.
Google faces police investigation for in-app billing system
A group of consumers in Korea reported Google's top executives to the local police, Friday, for the company's in-app billing system that forces domestic app developers to pay hefty commissions. Citizens United for Consumer Sovereignty (CUCS) said it reported Google CEO Sundar Pichai, Google Korea CEO Nancy Mable Walker and Google Asia-Pacific President Scott Beaumont to the G...
Will Hyundai Motor scrap LNG power plant construction?
Hyundai Motor has remained ambiguous about the construction of a power plant using liquefied natural gas (LNG) near its Ulsan factory, Friday, despite the possibility of losing its RE100 membership, as well as backlash from its unionized workers and the city's residents.
SK, Lotte, Air Liquide to establish joint venture for hydrogen business
SK Gas, Lotte Chemical and Air Liquide Korea agreed on Thursday to establish a joint venture for power generation with by-product hydrogen and hydrogen-powered transportation. The agreement came after they signed a memorandum of understanding last May. Both SK Gas and Lotte Chemical will hold a 45 percent stake in the joint venture, respectively, while Air Liquide Korea will ...
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