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The Korea Times

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SCMP
Asia

The Korea Times

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Companies

Tue, March 28, 2023 | 07:13

Animal waste generates alternative energy

Animal waste generates alternative energy

What if you could make 140 million won ($106,670) with just 10 million won? And what if such investment was part of a government project to foster energy recycling? This seemingly self-explanatory windfall opportunity has been met with cynicism by some who have spent their whole lives growing crops and raising livestock. These farmers are many things, but being open to change...

Lee Kyung-min | 2023-03-16 16:51

Korean steelmakers downsize China operations amid intensifying competition

Korean steelmakers downsize China operations amid intensifying competition

Hyundai Steel, the steel affiliate of Hyundai Motor Group, has decided to sell its Beijing entity, crushed by a net loss of over 100 billion won ($70 million) over the past five years, according to market watchers, Thursday. The rapid losses of Hyundai's China entity, Hyundai Beijing Steel Process, which marked a net loss of 49.6 billion won in 2021, was in line with the decl...

Lee Kyung-min | 2023-03-16 16:48

Dongsuh Foods chairman honored for contribution to local food industry

Dongsuh Foods chairman honored for contribution to local food industry

Dongsuh Foods Chairman Kim Suk-soo won the Gold Tower Order of Industrial Service Merit, which is awarded by the government to people who have made notable contributions to the development of the nation's economy, according to Korea's largest instant coffee mix maker, Thursday.

Lee Hyo-sik | 2023-03-16 15:43

Over 160 companies to participate in Seoul Mobility Show

Over 160 companies to participate in Seoul Mobility Show

The 2023 Seoul Mobility Show, the largest car exhibition in Korea, will be held at Kintex in Goyang, Gyeonggi Province, for 10 days from March 31, with more than 160 companies taking part. The Seoul Mobility Show Organizing Committee held a press conference at the Automobile Center in Seoul and disclosed the main events for the exhibition, Thursday.

Kim Hyun-bin | 2023-03-16 15:33

The Pinkfong signs MOU with Saudi Arabian investment ministry

The Pinkfong signs MOU with Saudi Arabian investment ministry

The Pinkfong, a Korean animation company, said Thursday it has signed an agreement with the Saudi Arabian government to collaborate in the family entertainment content business in the Middle Eastern nation.

2023-03-16 14:29

Asiana Airlines appoints first female outside director

Asiana Airlines appoints first female outside director

Asiana Airlines has appointed a female outside director for the first time as part of strengthening its environmental, social and corporate governance (ESG) management. The company will hold a regular shareholders' meeting at its headquarters in Seoul on March 31, according to the company, Wednesday.

Kim Hyun-bin | 2023-03-16 08:21

Korea to build $229 bil. mega chip cluster in Seoul metro area by 2042

Korea to build $229 bil. mega chip cluster in Seoul metro area by 2042

The government will seek 300 trillion won ($229 billion) in investments from the private sector to establish the world's largest high-tech semiconductor cluster in Gyeonggi Province surrounding Seoul by 2042, the trade and land ministries said Wednesday. This is a long-term measure to bolster and integrate the growth driver industry in the areas of memory chips, foundries, de...

Lee Kyung-min | 2023-03-15 16:28

Samsung to invest $46.2 billion over next decade for regional growth

InterBattery showcases Korean battery tech favored by global carmakers

InterBattery showcases Korean battery tech favored by global carmakers

InterBattery 2023, the largest battery exhibition in Korea to be held for three days at COEX until Friday, seemed more like a motor show this year, as all of the top three battery manufacturers here showcased electric vehicles (EVs) of global carmakers using their products.

Park Jae-hyuk | 2023-03-15 16:16

Samsung vows to turn crisis into opportunity by focusing on innovation

Samsung vows to turn crisis into opportunity by focusing on innovation

The vice chairman of Samsung Electronics promised investors, Wednesday, that the tech giant will try to turn the crisis caused by the global ...

Baek Byung-yeul | 2023-03-15 16:14

POSCO International promotes Busan's Expo bid in Uzbekistan

POSCO International promotes Busan's Expo bid in Uzbekistan

POSCO International CEO Jeong Tak visited Uzbekistan on Monday to request support for the Korean port city of Busan's bid to host the 2030 Expo, the company said Wednesday. Jeong, who is also a private bid committee member for the World Expo, met with Governor of Fergana Hayrulla Bozarov, Vice Minister of Investments and Foreign Trade Oybek Khamraev and Vice Minister of Agric...

Kim Jae-heun | 2023-03-15 16:14

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3	US aircraft carrier to visit Busan amid NK provocations

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5	Indonesian investment minister promotes EV cooperation with Korea

6	Nongshim plans to build plant in eastern US region

7	Korean crypto investors want Do Kwon punished in US

8	Gimpo-China flights recover to pre-pandemic levels

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10	Local bank stocks hit by shockwaves from SVB, CS collapses

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