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Reporter : Park Jae-hyuk
Tue, March 28, 2023 | 08:42
From mines to mobility: 140-year-old partnership between Germany and Korea
From the bustling streets of Seoul to the winding roads of Berlin, Germany and Korea share a long history that goes back to 1883 when the Treaty of Chemulpo (present-day Incheon) was signed. This was part of Germany's industrialization and efforts to expand influence and trade in other regions of the world. However, due to historic twists and turns, the partnership between th...
Kyochon heralds 30,000 won fried chicken era
Kyochon F&B decided to raise its fried chicken prices by up to 3,000 won ($2.30) from April 3, despite the government's request for restaurant chains to refrain from hiking prices further, in order to reduce the burden on low-income households. Due to the decision, consumers will need to pay nearly 30,000 won, if they want to get fried chicken delivered from Kyochon.
LG Energy Solution boosts investments in Arizona factory
LG Energy Solution (LGES) said on Friday that it has decided to resume investments to build a cylindrical battery factory in the U.S. state of Arizona, in order to meet the demand of its global clients in the wake of the implementation of the Inflation Reduction Act.
FTC criticized for delaying approval for Hanwha's acquisition of DSME
Korea's antitrust regulator has emerged as an unexpected obstacle to Hanwha Group's acquisition of Daewoo Shipbuilding & Marine Engineering (DSME), as it is still uncertain when the regulator will approve the takeover, according to industry officials, Friday.
KT CEO nominee offers to resign
KT's group transformation division head Yun Kyung-lim, who was nominated as the telecommunication firm's next CEO on March 7, indicated his intention to give up the company leadership for the next three years, during Wednesday's breakfast meeting with the board members, according to industry officials, Thursday.
Samsung, SK chiefs prepare for trips to China amid intensifying 'chip war'
All eyes are on the heads of Samsung and SK and how they will overhaul their semiconductor businesses in China, during their highly probable trips to the country later this month. This comes amid the U.S. government's intensifying efforts to restrain the growth of the Chinese chip industry.
KOTRA attracts logistics investments
Kim Tae-hyung, front row fifth from left, commissioner of the Korea Trade-Investment Promotion Agency's (KOTRA) Invest Korea, poses with participants of the Global Logistics Investors Roundtable at Westin Josun Seoul, Thursday. KOTRA said representatives from global logistics firms talked about Korea's status as Northeast Asia's logistics hub and their investment opportunitie...
Hyundai Heavy achieves world's first 200 million BHP milestone
ULSAN - Hyundai Heavy Industries (HHI) celebrated its achievement of becoming the world's first company to produce two-stroke ship engines with an aggregate output of 200 million brake horsepower (BHP) during a ceremony at its headquarters in the southeastern port city, Wednesday.
MZ generation-led unions flex muscle across board
White-collar employees at LG Electronics, Hyundai Motor, Hyundai Heavy Industries and several other large manufacturers faced skepticism when they took unprecedented steps in 2021 to form labor unions to lobby employers to offer wages and welfare similar to those of blue-collar workers.
Kakao criticized for half-baked AI chatbot
Kakao users expressed their disappointment with ddmm, Kakao's new artificial intelligence (AI)-based chatbot service, which became unavailable Monday, just a day after the launch of its beta service. Although the Korean IT firm promised to resume the service soon, incorrect answers given by the chatbot caused concerns that the company may lose its ground amid the intensifying...
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