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Sun, December 10, 2023 | 23:02
Gov't boosts reserves to appease public jitters over urea shortage
The government is urging the public not to engage in panic buying of urea, saying it has secured more than four months’ worth of reserves of the organic compound after China’s latest decision to curb exports to Korea.
Leaders of Samsung, SK to visit Netherlands for chip alliance
The leaders of Korea’s two major chipmakers will deepen their partnerships with ASML, the Netherlands-based manufacturer of lithography systems that are essential for improving semiconductor-manufacturing processes, according to business sources, Sunday.
Korea, US tighten partnerships in chip, battery, AI
Top-ranking security officials from Korea and the United States agreed to elevate partnerships in state-of-the-art tech fields encompassing semiconductors, batteries and artificial intelligence (AI), a local business lobby group said Friday.
Hyundai Motor hires former US Ambassador to Korea Sung Kim as adviser
Hyundai Motor has appointed former U.S. Ambassador to Korea Sung Kim as its adviser, in a move aimed at elevating the carmaker’s overseas networking activities and deepening business ties with global partners, the company said Friday.
SK reshuffles top management focusing on generational shift
SK Group initiated a sweeping top-level management overhaul, appointing younger executives to lead key affiliates in a strategic move to boost innovation amid persistent domestic and international business uncertainties, the company said on Thursday.
CJ Olive Young fined 1.89 bil. won for unfair supply contracts
CJ Olive Young was hit with a penalty for demanding monopolistic event contracts with its suppliers and passing unfair business costs onto them, the nation’s top antitrust watchdog said, Thursday.
Lotte’s heir apparent moves to tighten grip on group
Shin Yoo-yeol, the heir apparent of Lotte Group's owner family, will be in charge of finding the firm’s next growth engines and mapping out its medium- to long-term vision, the company said Wednesday during a year-end reshuffle of top management.
Yoon pledges to drive three state agendas in Busan
President Yoon Suk Yeol pledged, Wednesday, to ensure the smooth progress of three core state agendas in the southern port city of Busan, in a display of consolation to residents there disappointed by the failed bid to host the World Expo 2030.
Hyundai Tucson gets facelift
Hyundai Motor launches its facelifted Tucson SUV, Wednesday. The mid-sized vehicle comes with a more dynamic design and is equipped with a set of new features, such as a panoramic curved display. Prices start from 27.71 million won ($21,100). Courtesy of Hyundai Motor
Hyundai, Kia win top export awards
Hyundai Motor and Kia won the prestigious Export Tower award here after clinching record exports of $30 billion (39.34 trillion won) and $20 billion, respectively, over a year-long period from the latter half of last year, the two carmakers said Tuesday.
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