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Tue, September 26, 2023 | 04:05

LX, Dongwon, Harim struggle to raise money for HMM acquisition

LX, Dongwon, Harim struggle to raise money for HMM acquisition

LX International, Dongwon Industries and the consortium of Harim Holdings and JKL Partners appear to be going all out to secure cash to win in a bid to acquire a controlling stake in HMM, which is estimated to be up to 6 trillion won ($4.5 billion), according to industry officials, Tuesday.

Park Jae-hyuk | 2023-09-19 16:19

Business lobby group revamped

Business lobby group revamped

Ryu Jin, head of the Federation of Korean Industries (FKI), second from left, celebrates the unveiling ceremony of its new stone sign in front of its headquarters in Seoul, Tuesday. From left are Hyosung Group Chairman Cho Hyun-joon, Ryu, Samyang Holdings Chairman Kim Yoon and FKI Vice Chairman Kim Chang-beom. The FKI made slight changes to its Korean name for the first time ...

Lee Min-hyung | 2023-09-19 15:34

POSCO Future M recognized for compliance management

POSCO Future M recognized for compliance management

Kim Myung-ho, left, head of POSCO Future M's legal affairs office, and Luis Cunha, manager of Lloyd's Register Quality Assurance's Asia-Pacific operations, hold the ISO 37301 certificate awarded to the Korean company at POSCO Center in Seoul, Tuesday. This is the first time that a Korean battery materials firm has received the certificate of compliance management. Courtesy of...

Park Jae-hyuk | 2023-09-19 15:24

Hyundai Motor union vote to accept 2023 wage deal

Hyundai Motor union vote to accept 2023 wage deal

Hyundai Motor said Tuesday its unionized workers have voted to accept this year's wage deal, averting a strike for the fifth consecutive year.

2023-09-19 11:59

Ratio of women execs at major firms more than doubles over 5 years

Ratio of women execs at major firms more than doubles over 5 years

The share of female executives at Korea's major firms has more than doubled over the past five years on positive factors, including last year's implementation of a related law, a corporate tracker said Tuesday.

2023-09-19 11:25

US court rules in favor of KEPCO, KHNP over nuclear reactor exports

US court rules in favor of KEPCO, KHNP over nuclear reactor exports

A U.S. district court on Monday dismissed a lawsuit that an American energy firm filed to stop two Korean state-run companies from exporting nuclear power plants, determining it is not qualified to take the legal move.

2023-09-19 09:37

Samsung, SK chiefs to visit Saudi Arabia for NEOM deal: land minister

Samsung, SK chiefs to visit Saudi Arabia for NEOM deal: land minister

The land minister confirmed on Monday that he plans to visit Saudi Arabia next month with the heads of Korea's 10 largest business groups, including Samsung Electronics Executive Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won.

Park Jae-hyuk | 2023-09-18 19:39

KEPCO CEO nominee faces daunting tasks of normalizing debt-ridden utility firm

KEPCO CEO nominee faces daunting tasks of normalizing debt-ridden utility firm

The nominee for CEO of Korea Electric Power Corp. (KEPCO) is facing a range of daunting tasks as the public utility firm grapples with snowballing debt as a result of selling electricity at lower prices than its production costs, according to industry officials, Monday.

Ko Dong-hwan | 2023-09-18 16:34

Dongsuh promotes Oreo, Ritz to celebrate decades of global popularity

Dongsuh promotes Oreo, Ritz to celebrate decades of global popularity

Dongsuh Food is promoting the world-famous cookie and cracker brands Oreo and Ritz this year with its own recipes to celebrate their decades of global popularity.

Ko Dong-hwan | 2023-09-18 15:44

S-Oil supports heroic firefighters

S-Oil supports heroic firefighters

S-Oil CEO Anwar A. Al-Hejazi, center, poses with National Fire Agency (NFA) Commissioner General Nam Wha-yeong, left, and Korea National Council on Social Welfare Chairman Kim Seong-yee at the NFA headquarters in the city of Sejong, Monday. The oil refiner donated 470 million won ...

Park Jae-hyuk | 2023-09-18 15:37

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