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Wed, December 6, 2023 | 14:20

Former rivals join hands amid uncertainties

Former rivals join hands amid uncertainties

Samsung, Hyundai Motor, LG and other conglomerates that have been fierce rivals are increasingly collaborating to achieve growth in areas where they can do better together than alone, such as AI, future cars and electric vehicle (EV) batteries, according to industry officials.

2023-11-06 08:12

Hyundai, Kia's E-GMP EV sales surpass 100,000 in US

Hyundai, Kia's E-GMP EV sales surpass 100,000 in US

Hyundai Motor and Kia continued to grow their electric vehicle (EV) sales in the United States, especially EVs based on the automotive group’s EV-dedicated platform E-GMP which have surpassed 100,000 sales there, according to the automotive group, Sunday.

2023-11-05 15:54

Korean Air tackles global aviation uncertainty with agile decision-making

Korean Air tackles global aviation uncertainty with agile decision-making

Korean Air is proving its resilience with agile decision-making at a time of global aviation uncertainty. The company is the only airline here and abroad to report a surplus for nine consecutive quarters from the second quarter of 2020 despite the global pandemic shock.

2023-11-04 09:51

Kakao to establish independent organization for improving ethics management

Kakao to establish independent organization for improving ethics management

Kakao, the operator of Korea's top mobile messenger, said Friday it will establish an independent organization to strengthen its ethics management system amid public criticism over stock manipulation allegations involving its executives.

2023-11-03 19:42

Importer of Tsingtao beer vows in-depth hygiene inspection over urination scandal

Importer of Tsingtao beer vows in-depth hygiene inspection over urination scandal

A Korean importer of China's Tsingtao beer said Friday it will conduct an in-depth hygiene inspection of imported beers, as concerns grow over a video showing a worker at a Tsingtao factory urinating into a tank believed to contain raw ingredients.

2023-11-03 19:12

Hanssem remains in red in Q3

Hanssem remains in red in Q3

Hanssem on Friday reported its third-quarter net loss of 13.1 billion won ($9.9 million), remaining in the red compared with a year ago.

2023-11-03 16:52

GM shines as Renault, KG struggle to drive sales growth

GM shines as Renault, KG struggle to drive sales growth

General Motors (GM) Korea reported remarkable vehicle sales growth last month, while Renault Korea Motors and KG Mobility continued to display lukewarm performances during the same period.

2023-11-03 16:47

Hyundai E&C may ask KT to foot growing bill for remodeling project

Hyundai E&C may ask KT to foot growing bill for remodeling project

Hyundai E&C could seek additional payment from KT for the remodeling of the Gwanghwamun Building owned by the telecommunication company, which is also embroiled in a conflict with Ssangyong E&C over construction costs for its Pangyo Office Building, according to industry officials, Friday.

2023-11-03 16:28

Asiana employees anxious about job security after cargo unit sale

Asiana employees anxious about job security after cargo unit sale

Employees of Asiana Airlines' cargo business are increasingly concerned about job security following the sale of the unit to facilitate Korean Air's acquisition of the country's No. 2 carrier, officials said on Friday.

2023-11-03 15:49

Dayou Winia unloads golf course to ease liquidity crunch

Dayou Winia unloads golf course to ease liquidity crunch

Cash-strapped Dayou Winia Group has found a breakthrough after suffering from a liquidity crisis for years, buoyed by the selloff of Monvert Country Club in Pocheon, Gyeonggi Province, to Dongwha Group, according to market watchers, Friday.

2023-11-03 15:19

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