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Wed, November 29, 2023 | 23:41

Hankook Tire's iON raises global profile amid booming EV industry

Hankook Tire is expanding its global profile with an electric vehicle (EV)-specific tire brand known as iON, which feature quick responsiveness and noise suppression, the Korean tire maker said Tuesday.

2023-10-31 16:49

HD Hyundai Oilbank opens unmanned kiosk store at gas station

HD Hyundai Oilbank opens unmanned kiosk store at gas station

HD Hyundai Oilbank has opened an unmanned convenience store at one of its gas stations in Yongin, Gyeonggi Province, the first of its kind installed at any gas station in Korea, the company said.

2023-10-31 15:58

Oceans minister vows to enhance cooperation with China over maritime affairs

Oceans minister vows to enhance cooperation with China over maritime affairs

SEJONG - Korea seeks continuous cooperation with China in maritime affairs, Minister of Oceans and Fisheries Cho Seung-hwan said Monday, while explaining the purpose of his attendance at the third Belt and Road Forum for International Cooperation in Beijing, Oct. 18.

2023-10-31 14:15

Korean Air-Asiana merger plan faces major headwinds in winning antitrust approval in key markets

Korean Air-Asiana merger plan faces major headwinds in winning antitrust approval in key markets

Although announced nearly three years ago by the Korean government, the proposed merger of Korean Air and Asiana Airlines, the country's two full-service carriers, still faces a tough uphill battle in securing regulatory approval across key markets.

2023-10-31 11:28

POSCO, labor union reach tentative wage deal, avert strike

POSCO, labor union reach tentative wage deal, avert strike

POSCO Holdings, Korea's top steelmaker, and its labor union have reached a tentative wage deal, company and union officials said Tuesday, avoiding a strike.

2023-10-31 10:42

SKC remains in red in Q3

SKC remains in red in Q3

SKC on Tuesday reported its third-quarter net loss of 65.4 billion won ($48.5 million), remaining in the red compared with a year ago.

2023-10-31 10:25

Amorepacific Q3 net rises 29% on equity gains

Amorepacific Q3 net rises 29% on equity gains

Amorepacific Group, Korea's leading cosmetics firm, said Tuesday its third-quarter net profit rose 29 percent from a year earlier on equity gains from affiliates.

2023-10-31 09:23

Samsung Electronics' Q3 operating profit sinks, but memory chips rebound

Samsung Electronics' Q3 operating profit sinks, but memory chips rebound

Samsung Electronics said Tuesday its operating profit sank nearly 80 percent due to a protracted economic slowdown but its semiconductor business reduced losses on rising demand for premium memory chips.

2023-10-31 09:09

Asiana Airlines fails to conclude cargo biz sell-off; another board meeting eyed

Asiana Airlines fails to conclude cargo biz sell-off; another board meeting eyed

Asiana Airlines, Korea's second-largest air carrier, failed to conclude on Monday whether to sell its cargo business, as Korean Air seeks to win antitrust approval from European Union regulators for the takeover of its smaller rival.

2023-10-30 23:26

Court rules against Meta over penalty on illegal user info sharing

Court rules against Meta over penalty on illegal user info sharing

Meta Platforms Ireland Inc. has lost a legal battle to defy the South Korean data protection watchdog's decision to slap a fine for providing users' personal information to other operators without consent, officials said Monday.

2023-10-30 22:29

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