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Fri, December 1, 2023 | 18:43

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

Samsung retains top CEOs, launches unit to prepare for future

Samsung retains top CEOs, launches unit to prepare for future

Samsung Electronics has recently established the Future Business Planning unit to help the company explore new business opportunities for future growth. At the same time, the company will continue to maintain its CEO system - which is divided into two sectors: one for semiconductors and one for consumer devices - in its annual reshuffle of executives, Monday, adding that the ...

2023-11-27 16:01

Kakao founder vows to tighten internal control amid series of scandals

Kakao founder vows to tighten internal control amid series of scandals

Kakao founder Kim Beom-su urged the CEOs of its affiliates to be wary of lax management during their fifth emergency meeting on Monday, although he is said to have not mentioned plans for a personnel reshuffle this time.

2023-11-27 15:39

POSCO seeks next leader

POSCO seeks next leader

POSCO Group will hold a meeting of its holding firm’s directors on Dec. 19, in an apparent move to appoint the next chairperson to lead the nation’s fifth-largest business group over the next three years, according to industry officials, Monday.

2023-11-27 14:43

SK Telecom signs MOUs with 3 Southeast Asian firms to expand its metaverse business

SK Telecom signs MOUs with 3 Southeast Asian firms to expand its metaverse business

SK Telecom, a leading Korean mobile carrier, will join hands with information technology companies from three Southeast Asian countries to expand its metaverse business in the region, company officials said Monday.

2023-11-27 11:53

Hyundai Motor chief named industry leader by Automotive News

Hyundai Motor chief named industry leader by Automotive News

Hyundai Motor Group Executive Chair Chung Euisun has been named Industry Leader of the Year by a U.S.-based auto news media outlet in recognition of his unfaltering vision of developing smarter and more sustainable mobility solutions.

2023-11-27 11:52

Skepticism grows over FCEVs amid hydrogen shortage

Skepticism grows over FCEVs amid hydrogen shortage

The recent shortage of hydrogen for vehicles in Korea has prompted a controversy about the country’s readiness to popularize hydrogen fuel cell electric vehicles (FCEVs), cars that run on electricity genreated by using oxygen from the air and compressed hydrogen, according to industry officials, Sunday.

2023-11-26 16:33

Lotte, Shinsegae, Hyundai fined for unfairly shifting marketing costs to tenants

Lotte, Shinsegae, Hyundai fined for unfairly shifting marketing costs to tenants

Lotte, Shinsegae and Hyundai have been fined for unfairly shifting their marketing costs to their store tenants without any prior notification, the antitrust watchdog said Sunday.

2023-11-26 15:58

Hyundai EVs promote Busan for World Expo 2030

Hyundai EVs promote Busan for World Expo 2030

Hyundai Motor Group’s promotional vehicles, the IONIQ 6, left, and Kia’s EV6, are parked in front of the Louvre Museum in Paris, Sunday. The automakers are making a last-ditch effort to promote Busan’s bid to become the host city for World Expo 2030. A total of 10 special Hyundai vehicles will be seen around the French capital until Nov. 28 when member state...

2023-11-26 14:44

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