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Reporter : Park Jae-hyuk
Fri, June 2, 2023 | 23:37
Korean battery makers wary of growing pressure from US labor union
The newly elected president of the U.S. United Auto Workers (UAW) is unnerving Korean battery manufacturers by urging their joint ventures with U.S. carmakers to raise wages and guarantee job safety, according to industry officials, Tuesday. Amid growing concerns over his request having a negative impact on their earnings, battery makers have maintained a cautious stance, con...
SK D&D, Yanolja Cloud set up joint proptech business venture
SK D&D, a real estate developer, and Yanolja Cloud, an artificial intelligence (AI) based software-as-a-service company, announced on Tuesday that they established a joint venture named Connectfy Cloud, in order to create a proptech business. Proptech, a portmanteau of the words “property” and “technology,” refers to the application of information technology and platform econ...
BBQ in hot seat for charging extra $2.30 for chilled meat
Controversy is rising over an additional 3,000 won ($2.30) charged for Genesis BBQ's 20-piece hot wings when made with chilled instead of frozen chicken.
Korean firms walk fine line between Russia, Ukraine amid growing tensions
Growing tensions between Seoul and Moscow, after President Yoon Suk Yeol's controversial remarks on the Ukraine war, has prompted Korean companies operating in Russia to be wary of provoking the world's largest country - by land area - according to industry officials, Friday.
Korean steelmakers wary of Washington's inconsistency in tariff policies
Concerns are rising over the possibility of Korean steelmakers losing ground in the U.S. market, as Washington recently overturned its previous opinion that the Korean government was not subsidizing electricity used by the steelmakers, according to industry officials, Thursday.
Smear campaign intensifies between Hanwha, HD Hyundai
The battle between Hanwha and HD Hyundai over the acquisition of Daewoo Shipbuilding & Marine Engineering (DSME) is about to come to an end. The Fair Trade Commission (FTC) said it will decide on April 26 whether to approve Hanwha's acquisition, via a 2-trillion-won rights offering, of the world's third-largest shipbuilder in terms of orders.
Naver under investigation over worker's suicide
Naver has come under investigation as another employee committed suicide last September after complaining of workplace bullying, according to the labor ministry, Thursday.
For teens in crisis
Korea Chamber of Commerce & Industry (KCCI) and SK Group Chairman Chey Tae-won, second from left, Minister of Gender Equality and Family Kim Hyun-sook, center, and Shinhan Bank CEO Jung Sang-hyuk, fourth from left, applaud during an event held in Gunpo, Gyeonggi Province, Wednesday, in support of teenagers in need of mental health and financial assistance. Courtesy of KCCI
Privacy regulator checks ChatGPT's collection of Korean user data
Korea's top privacy regulator told representatives of U.S. companies in Korea, Tuesday, that authorities here are assessing how data pertaining to Korean users has been used for the development of ChatGPT, which has attracted global attention.
Hanwha Aerospace faces protest over location of rocket assembly facility
Residents from Goheung County in South Jeolla Province held a rally in front of Hanwha Group's headquarters in Seoul, Tuesday, to condemn Hanwha Aerospace's latest decision to establish a rocket assembly facility in the county's neighboring city of Suncheon. The residents threatened to interfere with Hanwha Aerospace's launches of space vehicles at the Naro Space Center in Go...
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