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Reporter : Lee Min-hyung
Sun, December 3, 2023 | 09:14
Major conglomerates speed up generational shifts in leadership
Korea’s major conglomerates are moving to speed up generational shifts in leadership, in a strategic move to tackle economic uncertainties by injecting younger approaches to conventional businesses.
Hyundai chief pledges to support globalization of archery
Hyundai Motor Group Executive Chair Chung Euisun has pledged to reinforce support for the globalization of archery by promoting international exchanges to train not just athletes, but trainers and referees on the sport, the company said Friday.
KITA hosts Korea Grand Sourcing Fair 2023
The Korea International Trade Association (KITA) hosted a two-day trade fair in Seoul to help boost the nation’s IT, bio and healthcare exports, the association said Thursday.
Korea's exports to bounce back in 2024 on rising demand for advanced chips, batteries
Korea will achieve a major turnaround in trade balance in 2024, powered by export recovery on growing demand for advanced chips and secondary batteries, Korea International Trade Association (KITA) Chairman Koo Ja-yeol said Wednesday during a press conference.
Chanel, Hermes, Nike rectify customer policies after FTC warning
Chanel, Hermes and Nike have corrected what were cited as unfair business practices regarding a number of terms concerning customers and posted the changes on their brand websites following a review by the nation’s antitrust agency.
POSCO builds two factories for eco-friendly vehicles
POSCO Group has completed the construction of two factories producing lithium hydroxide and electric steel, as part of plans to tighten its position as a manufacturer of key materials used for eco-friendly vehicles, the company said Wednesday.
Kolon's managerial succession in full swing
Kolon Group appointed Lee Kyu-ho, the eldest son of the group’s honorary chairman, as its new vice chairman during a year-end reshuffle of top management, the company said Tuesday.
Hyundai Motor unveils universal wheel drive system
Hyundai Motor has unveiled its universal wheel drive system by placing major driving parts inside a wheel, dramatically increasing the potential indoor space for electric vehicles (EV), the company said Tuesday.
Genesis steps up luxury rivalry against BMW, Mercedes-Benz
Genesis is intensifying its rivalry against BMW and Mercedes-Benz to grab a larger share of the local luxury vehicle market, as luxury cars guarantee higher margins amid an industry slowdown caused by global economic doldrums, according to data and industry officials, Sunday.
Golfzon hit by ransomware attack
Golfzon has fallen victim to a ransomware attack, causing trouble for its users and franchisees for five consecutive days amid an ongoing server outage.
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