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Reporter : Park Jae-hyuk
Fri, July 1, 2022 | 00:39
Lotte's heir apparent takes executive position
Lotte Group Chairman Shin Dong-bin's oldest son Shin Yoo-yeol, who is also known as Satoshi Shigemitsu, was appointed recently as an executive of Lotte Chemical Japan, two years after he started working for Lotte Japan and Tokyo-headquartered Lotte Holdings, according to industry officials, Sunday. His latest appointment has been widely interpreted as Lotte's preparations to ...
Local election campaigns embarrass Samsung, SK, Hyundai, POSCO
Candidates running in the June 1 local elections have put major conglomerates in an awkward position, as they are pledging to have corporate headquarters and factories be established in their constituencies, despite growing doubts about the feasibility of such promises, according to industry officials, Sunday.
[INTERVIEW] Yoon gov't urged to capitalize on buying power of importers
The newly launched Yoon Suk-yeol administration should overcome Korea's five decades of perception that imports are harmful to the national economy, paying more attention to the role of importers amid the global supply chain crisis, according to the head of the business lobby group for 8,000 importers here.
Sae-A's owner family hit by scrapped IPO of Tailim Paper
Tailim Paper decided to drop its plan to be listed on the benchmark KOSPI market, Wednesday, after the nation's leading corrugated cardboard manufacturer failed to attract institutional investors in a two-day demand forecasting session held earlier this week.
Korean Air, CJ CGV struggle with staffing after social distancing measures lifted
Korean Air and CJ CGV are facing complaints from some of their employees, due to their reluctance to build up their workforces, despite the country's moves to transition to managing COVID-19 as endemic, according to industry officials, Wednesday. Amid the rapidly increasing number of air travelers and cinema audiences in recent weeks, their employees pointed out that continuo...
Startups expected to benefit from new government policies
Domestic startups look like they will be freed from tough regulations imposed by the previous government, as the newly inaugurated Yoon Suk-yeol administration has indicated its intention for them to have more autonomy, according to industry officials, Tuesday.
Korea to accelerate transition to hydrogen economy under Yoon administration
The newly launched Yoon Suk-yeol administration is expected to speed up its efforts for Korea's transition to a hydrogen economy, benefiting relevant companies such as Doosan Fuel Cell and Hyosung Advanced Materials, according to market analysts, Tuesday. The hydrogen economy - which, if based on green hydrogen, is regarded as a path to achieving carbon neutrality - refers to...
Naver, Kakao face growing pressure to reduce payrolls
Naver and Kakao are grappling with their excessive labor costs that have been viewed as one reason for their declining profits, according to industry officials, Friday. As the country's moves to transition to manage COVID-19 as endemic and the global trend of raising interest rates have caused some to worry about Korea's big tech firms, calls are growing for the two leading K...
KCCI chairman seeks international support for Busan's bid to host World Expo
Korea Chamber of Commerce and Industry (KCCI) Chairman Chey Tae-won, who is also the chairman of SK Group, is expected to participate in the general assembly of the Bureau International des Expositions (BIE) in Paris next month to convince the global organization's members to support Busan's bid to host the World Expo in 2030, according to industry officials, Friday. Chey is ...
Kumho Petrochemical faces triple whammy
Kumho Petrochemical Chairman Park Chan-koo is in the hot seat over a forthcoming lawsuit from minority shareholders, while the company is grappling with the falling profitability of its petrochemical business, according to industry officials, Wednesday. Given that its passive attitude toward new ventures has also been viewed as one reason for its bearish stock price, critics ...
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