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Tue, December 6, 2022 | 19:25

Gov't officials, lawmakers visit Washington to push for IRA revision

Gov't officials, lawmakers visit Washington to push for IRA revision

Government officials and a delegation from the National Assembly left for Washington, D.C. Sunday to deliver their opinions to their counterparts about the U.S. Inflation Reduction Act (IRA), which has become a risk factor for Korean companies selling their batteries and electric vehicles (EVs) in the U.S. The Ministry of Trade, Industry and Energy said Trade Minister Ahn Duk...

Baek Byung-yeul | 2022-12-04 16:51

More firms increase benefits for unmarried workers

More firms increase benefits for unmarried workers

A growing number of Koreans who choose to remain single has prompted more companies to offer additional welfare benefits for their unmarried employees. Starting next year, LG Uplus will provide bonuses equivalent to a month's base wage and five days of paid leave to its employees who decide to stay single, if they are aged 38 or more and have worked for the company for at lea...

Park Jae-hyuk | 2022-12-03 09:17

Will gov't executive order extend to steel, oil industry truckers?

Will gov't executive order extend to steel, oil industry truckers?

Over 1.6 trillion won ($1.2 billion) in economic losses brought on by the nationwide strike of the country's unionized truckers continue to cripple major export-driver manufacturers, according to the trade and transport ministries, Friday. Further strengthening calls for stronger government measures is a short-term fuel shortage, a major inconvenience to the public, caused by...

Lee Kyung-min | 2022-12-02 17:07

HHI Group to present 'ocean transformation' plans at CES 2023

HHI Group to present 'ocean transformation' plans at CES 2023

Hyundai Heavy Industries (HHI) Group plans to showcase its “ocean transformation” strategies aimed for fundamental changes to the use of the ocean during its second participation in the Consumer Electronics Show (CES) in Las Vegas, the company said Friday.

Park Jae-hyuk | 2022-12-02 16:30

Samsung, SK, Hyundai increase organizations to respond to global uncertainties

Samsung, SK, Hyundai increase organizations to respond to global uncertainties

Major conglomerates such as Samsung, SK and Hyundai Motors are actively establishing or expanding related organizations to respond to global uncertainties. The moves are intended to enable the conglomerates to respond better to the global market during an economic downturn, as it has a growing ripple effect on individual companies, according to industry officials, Friday. "As...

Kim Hyun-bin | 2022-12-02 16:25

Is Korea overreacting to Tesla CEO's lip service?

Is Korea overreacting to Tesla CEO's lip service?

Competition is heating up among municipalities to attract a Tesla Gigafactory to their regions, after the U.S. carmaker's CEO, Elon Musk, responded positively last month to President Yoon Suk-yeol's request to build an electric vehicle (EV) manufacturing plant in Korea. Automobile industry experts, however, have remained skeptical about the feasibility of constructing the fac...

Park Jae-hyuk | 2022-12-02 15:24

SK chief highlights flexibility and diversity in solving global problems

SK chief highlights flexibility and diversity in solving global problems

SK Group Chairman Chey Tae-won emphasized that in order for humanity to design a better future, it is necessary to break away from stereotypes and find solutions with flexibility and diversity. According to SK Group Friday, Chairman Chey attended the Tokyo Forum 2022, co-hosted by the Chey Institute for Advanced Studies and the University of Tokyo, Thursday, and gave an openi...

Kim Hyun-bin | 2022-12-02 13:09

Hyundai, Kia's EV sales in US sink in Nov. as IRA takes effect

Hyundai, Kia's EV sales in US sink in Nov. as IRA takes effect

Sales of electric vehicles (EVs) by Hyundai Motor and its smaller affiliate Kia sank in the U.S. market last month from a month earlier, company data showed Friday, suggesting the new U.S. law on EV tax credits is affecting the demand.

2022-12-02 11:44

Hyundai E&C sells Hillstate apartments in Incheon

Hyundai E&C sells Hillstate apartments in Incheon

A total of 746 apartment units will be put up for sale in the Hillstate apartment complex in Incheon, according to building developer Hyundai Engineering & Construction (E&C), Wednesday.

Lee Kyung-min | 2022-12-02 08:54

New CEOs to lead SK Group's ICT units

New CEOs to lead SK Group's ICT units

SK Group carried out an annual reshuffle of CEOs at its affiliates, Thursday, indicating its intention to focus more on stable operations next year amid growing uncertainties in the global business environment. Most of the group's vice chairman-level executives - SK Inc. CEO Jang Dong-hyun, SK Innovation CEO Kim Jun and SK hynix CEO Park Jung-ho - maintained their positions.

Park Jae-hyuk | 2022-12-01 16:42

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