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Reporter : Park Jae-hyuk
Fri, September 29, 2023 | 10:10
Major manufacturers face growing risk of labor strikes
Korea's largest carmaker, steelmaker and major shipbuilders face the threat of strikes by unionized workers, which could lead to a major setback in the country's efforts to achieve an economic recovery by boosting exports, according to industry officials, Tuesday.
Strong R&D push enables SK Innovation to become global player
SK Innovation's growth from a local oil refiner into a global green energy supplier is attributed to 40 years of the company's research and development (R&D) led by top management, according to Korea's renowned business experts, Tuesday.
Land minister to visit Ukraine next month seeking post-war reconstruction deals
The land minister said Monday that he will visit Ukraine in September to help Korean companies take part in a $140 billion project to rebuild the country's transport and energy infrastructure once the war there ends.
POSCO Future M mulls plan B on joint ventures with China's CNGR, Huayou
POSCO Future M will modify its agreements with Chinese companies on the establishment of their joint ventures here if those joint ventures become subject to “foreign entities of concern” under the U.S. Inflation Reduction Act (IRA), the battery materials producer's chief said Monday.
LG Energy Solution hit by sharp rise in US labor costs
LG Energy Solution (LGES) is expected to face difficulties in boosting profitability as it has to pay more to workers at an electric vehicle (EV) factory in the U.S. state of Ohio, operated by Ultium Cells, the Korean battery maker's joint venture with General Motors (GM).
Korean firms face backlash over plan to serve more seafood at cafeterias
Shipbuilding powerhouse, HD Hyundai, sparked controversy recently over a decision to serve more rockfish and abalone at the cafeteria of its headquarters in Seongnam, Gyeonggi Province, and also at its shipyards and factories nationwide.
EcoPro to produce battery materials in Canada, Hungary
EcoPro stepped closer to its goal of leading the global battery materials market through its new manufacturing facilities to be built in Korea, Canada and Hungary, the battery materials firm said Thursday.
Ryu seen fit to turn FKI into Korean version of CSIS
The recent appointment of Poongsan Group Chairman Ryu Jin as the new head of the Federation of Korean Industries (FKI), which used to be the country's premier business lobby group, did not come as a surprise to most business insiders, despite the fact that the group's size of assets falls behind those of Korea's 70 other larger firms.
Samsung introduces AI-powered meal management service
Samsung Electronics Executive Vice President Park Chan-woo introduces Samsung Food, an artificial intelligence (AI) powered meal management platform, which can be connected to kitchen appliances, during a press conference at the company's press room in Seoul, Thursday. Samsung Food will be unveiled at the IFA 2023 in Berlin, which will kick off on Sept. 1. Courtesy of Samsung...
Samsung C&T rejects uniformity of apartment interiors with new innovations
Samsung C&T unveiled its new construction technologies, Wednesday, to allow more diversity when building Korean apartments, so that residents can live in spaces that satisfy various needs.
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