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Wed, December 6, 2023 | 09:20

Kakao Mobility announces plan to overhaul commission system amid monopoly criticism

Kakao Mobility announces plan to overhaul commission system amid monopoly criticism

Kakao Mobility, the operator of the nation's leading taxi-hailing service, said Wednesday it plans to overhaul its commission system amid growing criticism over the company's purported monopolistic market practices.

2023-11-01 21:00

Samsung celebrates 54th anniversary

Samsung celebrates 54th anniversary

Han Jong-hee, vice chairman of Samsung Electronics, speaks during a celebration of the company’s 54th anniversary at its headquarters in Suwon, Gyeonggi Province, Wednesday. At a commemorative ceremony attended by over 400 company employees, the vice chairman emphasized that "investments to secure technological superiority should always be prioritized," and that "techno...

2023-11-01 17:48

Tetra Pak raises awareness about recyclable materials

Tetra Pak raises awareness about recyclable materials

Tetra Pak has been stepping up activities to raise awareness about aseptic carton recycling.

2023-11-01 17:18

Dongwon F&B introduces new tuna products

Dongwon F&B introduces new tuna products

Dongwon F&B has introduced its new canned tuna product, Matcham, which does not need to be cooked since it is already marinated in sesame oil, making it ideal to eat with rice, the company said.

2023-11-01 17:16

EcoPro, ioneer partner for lithium business

EcoPro, ioneer partner for lithium business

EcoPro Innovation CEO Kim Yoon-tae, right, poses with ioneer Chairman James Calaway at the Korean company’s office in the southeastern port city of Pohang, Oct. 31. Both sides agreed to pursue joint development of lithium in the U.S. state of Nevada, which is home to a lithium mine. Courtesy of EcoPro Innovation

2023-11-01 16:47

Asiana Airlines grapples with mounting debt amid delayed acquisition by Korean Air

Asiana Airlines grapples with mounting debt amid delayed acquisition by Korean Air

Asiana Airlines is struggling with worsening finances, as the planned acquisition by Korean Air has hit a snag following an unexpected disruption in the cash-strapped airline’s recent board meeting.

2023-11-01 16:47

Olive Young's newly renovated shop in Myeong-dong caters to foreign visitors

Olive Young's newly renovated shop in Myeong-dong caters to foreign visitors

Olive Young has opened its first store dedicated to foreign visitors to Korea, aiming to promote the country’s beauty products worldwide, according to the curator and seller, Wednesday.

2023-11-01 15:43

POSCO, Lotte to cooperate in copper foil business

POSCO, Lotte to cooperate in copper foil business

POSCO International and Lotte Energy Materials signed a memorandum of understanding, Wednesday, regarding the former’s supply of 600,000 tons of copper to the latter over the next 10 years. The copper will be used to make foil that covers anode materials in rechargeable batteries.

2023-11-01 15:14

Ssangyong E&C, KT at odds over construction costs

Ssangyong E&C, KT at odds over construction costs

Ssangyong E&C urged KT to pay an additional 17.1 billion won ($13 million) for the construction of the Pangyo KT Office Building in Seongnam, Gyeonggi Province, which was completed in April.

2023-11-01 15:13

Hanmi Pharm Q3 net income up 93.5% to $44.6 mil.

Hanmi Pharm Q3 net income up 93.5% to $44.6 mil.

Hanmi Pharm on Wednesday reported its third-quarter net profit of 60.5 billion won ($44.6 million), up 93.5 percent from a year earlier.

2023-11-01 14:58

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