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Tue, December 7, 2021 | 05:50

Lotte-led consortium leads the country's urban air mobility business

Aiming to advance into the urban air mobility (UAM) platform business, Lotte Corporation and Lotte Rental have formed a consortium with three partners - MintAir, Skyworks Aeronautics and Mobius.Energy - for the commercial launch of UAM services. The consortium jointly announced their flight test plans from 2022 to 2023 in cooperation with Incheon Metropolitan City and the Ins...

2021-11-16 16:15

LG Energy Solution promoting internal communication

LG Energy Solution (LGES) said Tuesday it has introduced a channel connecting its CEO Kwon Young-soo with 24,000 employees around the world. This is one of the company's first initiatives after Kwon was appointed to his position last month. LGES said the CEO will answer questions or respond to complaints through the channel, called "EnTalk." The channel is also accepting work...

Kim Bo-eun | 2021-11-16 16:15

SK in final talks for investment in US gene therapy firm

SK Inc., the holding company of South Korea's No. 3 conglomerate SK Group, said Tuesday it is in the final talks to invest in a U.S. gene therapy company, in its latest move to expand its foothold in global biopharmaceuticals.

2021-11-16 16:06

'Technology can play key role in business' efforts for sustainability'

Technology can play a key role in helping companies improve their systems to better protect the environment and address social issues, said German multinational software giant SAP SE.

Kim Bo-eun | 2021-11-16 15:35

S-Oil recognizes 'citizen heroes'

S-Oil CEO Hussain A. Al-Qahtani, second row fifth from left, poses with “citizen heroes,” people who have demonstrated the spirit of self-sacrifice to save others in danger, during an award ceremony at the company's headquarters in Seoul, Tuesday. S-Oil has been honoring these heroic citizens every year since 2008. For this year's event, the company awarded 20 citizen heroes ...

Baek Byung-yeul | 2021-11-16 15:17

Microsoft Korea to host online job fair

Microsoft Korea is hosting an online job fair with 30 of its partner companies later this month. The tech giant's local subsidiary said it will hold the event on Oct. 26 via Teams, to share information about job openings as well as the information technology (IT) industry trends and interview tips with young job seekers.

Kim Bo-eun | 2021-11-16 11:30

Lee Jay-hyun turns CJ into conglomerate

CJ Group Chairman Lee Jay-hyun can be said to be faithful to the responsibilities expected of the first-born son that has been required by Korean families for centuries. The eldest grandson of Samsung Group founder Lee Byung-chull, the CJ chairman turned Cheil Jedang, a sugar milling company that was the progenitor of tech giant Samsung Electronics, into the country's 13th-la...

Yi Whan-woo | 2021-11-15 16:53

Statista to launch 'Korea's Sustainability Leaders 2022' survey

Korean companies are taking on the environment, social, governance (ESG) issues more seriously than ever as a growing number of enterprises are carrying out restructuring to better cope with the challenges and build the ground for a sustainable growth.

2021-11-15 16:39

POSCO to build electrical sheet plant

Seen is a motor for a fuel cell electrical vehicle manufactured by POSCO SPS using POSCO's electrical steel sheet. POSCO said Monday that its board recently decided to invest 1 trillion won to build an electrical sheet plant that has an annual production capacity of 300,000 tons to meet growing demand for eco-friendly cars. The company currently has a plant with an annual cap...

Baek Byung-yeul | 2021-11-15 15:40

Lotte, Shinsegae fail in Southeast Asia, turn toward US

Local retail giants like Lotte Shopping, Shinsegae and GS Retail suffered poor performances in Southeast Asian markets in the third quarter of this year. They have changed their global business strategies to shift toward the U.S. market instead.

Kim Jae-heun | 2021-11-15 15:39

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