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Fri, December 1, 2023 | 13:10

Retailers, food firms rush to reduce workforce amid economic downturn

Retailers, food firms rush to reduce workforce amid economic downturn

An increasing number of retailers and food firms are introducing voluntary retirement schemes for their employees as businesses struggle with falling sales and rising costs, according to industry officials, Wednesday.

2023-11-29 15:58

For post-war reconstruction of Ukraine

For post-war reconstruction of Ukraine

Hyundai Elevator Managing Director of Global Sales Division Cho Cheol-ho, right, shakes hands with Erbud Vice President Jacek Leczkowski in Warsaw, Tuesday (local time), after signing a memorandum of understanding regarding the Korean elevator maker's cooperation with the Polish construction company for the post-war reconstruction of Ukraine. Courtesy of Hyundai Elevator

2023-11-29 11:06

GM Korea, Kia, Porsche to recall over 15,000 cars due to faulty parts

GM Korea, Kia, Porsche to recall over 15,000 cars due to faulty parts

GM Korea and two other car makers will recall over 15,000 vehicles due to defective components, the transport ministry said Wednesday.

2023-11-29 09:51

Kolon's managerial succession in full swing

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.

2023-11-28 16:33

Korea, US diplomats confident about solid ties with Japan after elections

Korea, US diplomats confident about solid ties with Japan after elections

The trilateral diplomatic and economic relationship between Korea, the U.S. and Japan must be sustained even after their forthcoming elections next year, senior diplomats of Korea and the U.S. said Tuesday.

2023-11-28 16:10

Hyundai Motor unveils universal wheel drive system

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.

2023-11-28 16:05

For stable supply of animal feed ingredients

For stable supply of animal feed ingredients

POSCO International Chief Officer of Global Business Unit Lee Kye-in, fourth from left, and NongHyup Feed CEO Kim Gyeong-su, fifth from left, pose at POSCO Center in Seoul, Monday, after signing an agreement to cooperate for stable supply of imported animal feed ingredients. Courtesy of POSCO International

2023-11-28 11:42

Samsung's Harman acquires music streaming platform Roon

Samsung's Harman acquires music streaming platform Roon

Samsung Electronics said Tuesday its automotive and audio electronics subsidiary Harman International has acquired the U.S. music streaming platform Roon in a bid to expand its presence in the digital audio sector.

2023-11-28 10:19

Genesis steps up luxury rivalry against BMW, Mercedes-Benz

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.

2023-11-27 17:54

Golfzon hit by ransomware attack

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.

2023-11-27 16:51

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