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Thu, March 4, 2021 | 09:34
Batteries energize LG Chem's 2020 earnings
Batteries energize LG Chem's 2020 earnings
LG Chem displayed stellar earnings performance in 2020, achieving record-high sales thanks to robust demand for its electric vehicle (EV) batteries, the company said Wednesday.
Baek Byung-yeul | 2021-01-27 16:43
SK Nexilis to build copper foil plant in Kota Kinabalu
SK Nexilis to build copper foil plant in Kota Kinabalu
SK Nexilis will build its first overseas plant in Kota Kinabalu, Malaysia, with the aim of tripling its production capacity of copper foil for electric vehicle (EV) battery cells, the company said Tuesday.
Nam Hyun-woo | 2021-01-26 18:29
Hyundai Heavy seeks W1 tril. IPO
Hyundai Heavy seeks W1 tril. IPO
Korea Shipbuilding & Offshore Engineering (KSOE), a holding firm of Hyundai Heavy Industries (HHI), plans to move forward with HHI's initial public offering (IPO) as a fundraising campaign to invest in the group's future business amid a gradual recovery in the COVID-19 situation.
Kim Yoo-chul | 2021-01-26 16:38
Foreign firms demand eased regulations despite sluggish job creation
Foreign firms demand eased regulations despite sluggish job creation
Job creation by foreign firms in Korea remained at a tepid level, though they are said to have been pressuring the government to ease regulations and provide more investment benefits.
Nam Hyun-woo | 2021-01-25 16:18
[INTERVIEW] AMCHAM chief says more chemistry to come between Korea, US
[INTERVIEW] AMCHAM chief says more chemistry to come between Korea, US
James Kim, chairman and CEO of the American Chamber of Commerce (AMCHAM) in Korea, said more chemistry is expected between the Korean government and the newly inaugurated U.S. President Joe Biden administration. “There seems to be more chemistry between President Joe Biden and President Moon as it relates to the Green New Deal so I think that will be very positive,” Kim said ...
Kim Hyun-bin | 2021-01-23 09:13
World Trade Organization rules in favor of South Korea in lawsuit against US
World Trade Organization rules in favor of South Korea in lawsuit against US
South Korea's trade ministry said Friday that the World Trade Organization (WTO) has ruled in favor of Seoul in its lawsuit against the United States centering on high tariffs imposed on local steel and power transformer products.
2021-01-22 11:23
Biden presidency to benefit IT, green energy industries
Biden presidency to benefit IT, green energy industries
Businesses are keeping a keen eye on changes in industrial policy following the inauguration of U.S. President Joe Biden, given the Korean economy's high dependency on trade.
Kim Bo-eun | 2021-01-21 16:41
  • 'Bidencare' triggers optimism among Korean healthcare firms in US
  • 'Biden's presidency to offer Korean economy greater chance'
[EXCLUSIVE] Vingroup seeks to acquire LG smartphone manufacturing plants
[EXCLUSIVE] Vingroup seeks to acquire LG smartphone manufacturing plants
Vingroup is set to acquire all of LG Electronics smartphone manufacturing plants in Vietnam, China and Brazil as part of the Korean tech giant conducting a split sale of its mobile communications division due to mounting deficits in recent years, according to a source familiar with the matter, Thursday. One of the biggest conglomerates in Vietnam, Vingroup is seeking to expan...
Kim Hyun-bin | 2021-01-21 16:07
  • LG Electronics hints at withdrawing from phone biz
Lee's imprisonment forces Samsung into emergency mode
Lee's imprisonment forces Samsung into emergency mode
The imprisonment of Lee Jae-yong, Samsung Electronics' vice chairman, has put the entire Samsung empire's future business management in limbo and is likely to put on hold any major investments and M&A decisions for the foreseeable future.
Kim Hyun-bin | 2021-01-19 16:42
Gov't push for profit-sharing angers conglomerates
Gov't push for profit-sharing angers conglomerates
Controversy has been rising since ruling Democratic Party of Korea (DPK) chief Lee Nak-yon proposed a profit-sharing scheme on Jan. 10 encouraging profitable companies to distribute part of their profits to companies that have been hit hard by the COVID-19 pandemic and vulnerable social groups.
Kim Hyun-bin | 2021-01-19 09:32
  • Commercial banks call profit-sharing 'unfair'
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