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Fri, September 22, 2023 | 20:53

Imported car sales fall 2.1% in August amid lack of supply

Imported car sales fall 2.1% in August amid lack of supply

Imported vehicle sales in Korea fell 2.1 percent last month from a year earlier amid a lack of supplies in some brands, an industry association said Tuesday.

2023-09-05 17:24

Court rules Hanwha illegally aided firm owned by chairman's sister

Court rules Hanwha illegally aided firm owned by chairman's sister

A Seoul court has dismissed a lawsuit filed by Hanwha Solutions seeking to reject fines placed on it over its alleged involvement in unfair trading practices with HanExpress, a logistics and shipping firm headed by an older sister of Hanwha Group Chairman Kim Seung-yeon.

2023-09-05 16:40

Soaring fuel costs force airlines to shift to emergency mode

Soaring fuel costs force airlines to shift to emergency mode

Korean Air, Asiana Airlines and low-cost carriers have shifted to emergency mode to attract as many passengers as possible to cope with soaring fuel costs and other operating expense increases, according to industry officials, Tuesday. The number of passengers has been on a rapid recovery track this year, but surging fuel costs are casting dark clouds over the earnings outloo...

2023-09-05 16:40

SK enmove to focus on lubricants for energy efficiency

SK enmove to focus on lubricants for energy efficiency

SK enmove unveiled its goal of becoming a global top-tier company in the energy-efficient lubricant market by 2040 with ZIC e-FLO, its new product named after its signature internal combustion engine oil brand.

2023-09-05 16:35

GS Caltex supplies renewable jet fuel to Korean Air's cargo plane

GS Caltex supplies renewable jet fuel to Korean Air's cargo plane

GS Caltex, Korea's second-biggest refiner by sales, said Tuesday it has supplied Finnish refiner Neste's renewable aviation fuel to Korean Air's cargo plane bound for Los Angeles.

2023-09-05 15:52

Hyundai Motor tops Indonesia's EV market

Hyundai Motor tops Indonesia's EV market

Hyundai Motor has come in at the top of the electric vehicle (EV) market in Indonesia thanks to the growing popularity of its IONIQ 5, the carmaker said Tuesday. The company said it sold 3,913 EVs in Indonesia from January to July, taking a 56.5 percent market share. The figure is more than double the 28.1 percent share of Chinese EV maker Wuling, which sold 1,944 EVs during ...

2023-09-05 15:45

[INTERVIEW] Korea urged to set realistic rules for aluminum can recycling

INTERVIEWKorea urged to set realistic rules for aluminum can recycling

Korea's environmental regulations and public awareness are still seen as insufficient to increase the recycling of used beverage cans into new aluminum cans, according to the Asia-Pacific business head of Novelis, a global producer of rolled aluminum and recycler of aluminum cans.

2023-09-05 15:22

Top 300 firms see payrolls inch down in H1 amid economic slump

Top 300 firms see payrolls inch down in H1 amid economic slump

Korea's leading 300 companies saw their combined workforce edge down in the first half of the year amid a slowing economy, a corporate tracker said Tuesday.

2023-09-05 14:00

Korean defense firms to take center stage at armaments exhibition in Poland

Korean defense firms to take center stage at armaments exhibition in Poland

Korean defense companies were set to showcase advanced weapons systems at an annual major arms exhibition in Poland this week, Seoul's arms procurement agency said Tuesday, as the two countries seek to step up security cooperation.

2023-09-05 11:16

Renault Korea appoints new sales, marketing executives for leap forward

Renault Korea appoints new sales, marketing executives for leap forward

Renault Korea Motors has reorganized its sales and marketing team and appointed new executives in an effort to achieve a rebound in the domestic market, the company said Monday. Aimed at a total revamp of its commercial strategy to better respond to market demands, the move aims to bring fresh industrial expertise to the organization.

2023-09-05 08:21

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