search close
Reporter : Park Jae-hyuk
Sat, June 3, 2023 | 00:12
FTC criticized for delaying approval for Hanwha's acquisition of DSME
Korea's antitrust regulator has emerged as an unexpected obstacle to Hanwha Group's acquisition of Daewoo Shipbuilding & Marine Engineering (DSME), as it is still uncertain when the regulator will approve the takeover, according to industry officials, Friday.
KT CEO nominee offers to resign
KT's group transformation division head Yun Kyung-lim, who was nominated as the telecommunication firm's next CEO on March 7, indicated his intention to give up the company leadership for the next three years, during Wednesday's breakfast meeting with the board members, according to industry officials, Thursday.
Samsung, SK chiefs prepare for trips to China amid intensifying 'chip war'
All eyes are on the heads of Samsung and SK and how they will overhaul their semiconductor businesses in China, during their highly probable trips to the country later this month. This comes amid the U.S. government's intensifying efforts to restrain the growth of the Chinese chip industry.
KOTRA attracts logistics investments
Kim Tae-hyung, front row fifth from left, commissioner of the Korea Trade-Investment Promotion Agency's (KOTRA) Invest Korea, poses with participants of the Global Logistics Investors Roundtable at Westin Josun Seoul, Thursday. KOTRA said representatives from global logistics firms talked about Korea's status as Northeast Asia's logistics hub and their investment opportunitie...
Hyundai Heavy achieves world's first 200 million BHP milestone
ULSAN - Hyundai Heavy Industries (HHI) celebrated its achievement of becoming the world's first company to produce two-stroke ship engines with an aggregate output of 200 million brake horsepower (BHP) during a ceremony at its headquarters in the southeastern port city, Wednesday.
MZ generation-led unions flex muscle across board
White-collar employees at LG Electronics, Hyundai Motor, Hyundai Heavy Industries and several other large manufacturers faced skepticism when they took unprecedented steps in 2021 to form labor unions to lobby employers to offer wages and welfare similar to those of blue-collar workers.
Kakao criticized for half-baked AI chatbot
Kakao users expressed their disappointment with ddmm, Kakao's new artificial intelligence (AI)-based chatbot service, which became unavailable Monday, just a day after the launch of its beta service. Although the Korean IT firm promised to resume the service soon, incorrect answers given by the chatbot caused concerns that the company may lose its ground amid the intensifying...
Samsung seeks to overcome downturn with energy-efficient home appliances
Samsung Electronics on Tuesday unveiled the lineup of its new range of energy efficient Bespoke home appliances, in a move to attract Korean consumers and satisfy strict environmental regulations in Europe and elsewhere. The tech giant said it will improve its profitability this year with upgraded products equipped with artificial intelligence (AI) technology.
Korea probes ZPMC cranes to reduce reliance on Chinese firm
The Ministry of Oceans and Fisheries recently probed Shanghai Zhenhua Heavy Industries Company's (ZPMC) cargo cranes installed in Korea's major ports, as controversy broke out in the U.S. earlier this month over a claim that the Chinese-made equipment's software possibly serves as a “spying tool.” With the aim of helping Korean ports to reduce dependence on Chinese products, ...
Google, UT concerned about Korea's antitrust policies
Foreign business representatives expressed their concerns over Korea's antitrust policies during a meeting, Monday, with Fair Trade Commission (FTC) Chairman Han Ki-jeong and members of the American Chamber of Commerce in Korea (AMCHAM).
12345678 9 10