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Reporter : Park Jae-hyuk
Thu, December 7, 2023 | 21:26
Sharp drop in EcoPro's profits frightens Korean battery industry
Three listed companies of EcoPro Group estimated their third-quarter operating gains to have fallen short of the market consensus, causing greater concerns over the Korean electric vehicle (EV) battery industry’s profitability this year.
Korean Air negatively impacted by increased flights deal between Korea, UAE
Korean Air is at a loss over the government's agreement with the United Arab Emirates to allow each of their air carriers to increase flights connecting the two countries to 21 per week from 15, according to industry officials, Sunday.
Shipbuilders embrace robotics amid labor shortage
Robots have emerged as a solution for Korean shipbuilders in dealing with an intensifying shortage of labor, amid a soaring number of shipbuilding orders from global clients.
POSCO International, GS Caltex to invest in Indonesian palm oil refinery
POSCO International and GS Caltex signed an agreement to invest a combined $210 million in AGPA Refinery Complex (ARC) established in Indonesia in March for their joint palm oil refining business, both companies said Thursday.
Business lobby asks EU to ease regulations
Korea Enterprises Federation Chairman Sohn Kyung-shik, front row center, and European Union Ambassador to Korea Maria Castillo Fernandez, front row sixth from left, applaud with the federation's executives and ambassadors from EU nations, during a roundtable meeting at the Westin Josun Seoul, Thursday. The business lobby expressed concerns over a possible fallout from EU trad...
Regulatory hurdles in private sector may hinder Korea's AI growth
Korea has lagged behind other developed countries in private sector investments into artificial intelligence (AI) technologies, due to its strict regulations hindering companies' access to data, a recent analysis by the Federation of Korean Industries (FKI) showed Thursday.
Novelis employees clean up Cheonggye Stream
Novelis Asia President Sachin Satpute, second row sixth from left, and the company employees pose before cleaning up around the Cheonggye Stream area in Seoul, Wednesday. The aluminum maker joined the volunteer activity as its employees worldwide celebrate the Volunteer Month every October by providing volunteer services to their local communities. Courtesy of Novelis
Samsung Electronics' Q3 operating profit rebounds on solid phone sales
Thanks to the optimistic outlook, its stock price also jumped 2.71 percent during Wednesday’s trade, closing at 68,200 won.
Doosan Enerbility under probe for allegedly cooking books
Doosan Enerbility is under investigation by financial authorities over an allegation that the company had intentionally delayed reflecting losses in its balance sheet to exaggerate earnings, the Financial Services Commission (FSC) said Tuesday.
Conflict intensifies over SK chemicals' plan to sell pharmaceutical unit
SK chemicals is facing a growing protest from its unionized workers regarding its plan to sell the pharmaceutical business to a local private equity firm (PEF), Glenwood Private Equity, for about 600 billion won ($444 million), according to industry officials, Monday.
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