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Tue, December 6, 2022 | 20:39

Hyundai Motor sets up mobility control tower

Hyundai Motor sets up mobility control tower

Hyundai Motor Group is accelerating its drive to become a leader in the future mobility industry, which combines eco-friendly energy-powered hardware with software. The Korean automotive giant announced its annual reshuffle of top executives on Wednesday, the biggest change of which was launching a new unit called the Global Strategy Office (GSO), which will serve as a contro...

2022-12-01 16:21

Coupang to stop selling CJ products amid deepening price dispute

Coupang to stop selling CJ products amid deepening price dispute

Coupang is in conflict with CJ CheilJedang over the sales of the food firm's flagship Hetbahn instant rice, Bibigo dumplings and kimchi on the e-commerce firm's platform, according to industry officials, Thursday. Last month, Coupang stopped ordering products from CJ CheilJedang.

2022-12-01 16:12

Hyundai's Nov. sales rise 11% despite chip shortage

Hyundai's Nov. sales rise 11% despite chip shortage

Hyundai Motor, Korea's biggest carmaker, said Thursday its sales rose 11 percent last month from a year earlier despite an extended chip shortage.

2022-12-01 16:07

POSCO Int'l introduces blockchain-based electronic bills of lading

POSCO Int'l introduces blockchain-based electronic bills of lading

POSCO International is leading the digitalization of international trade by introducing electronic bills of lading (e-B/L). The company announced that the first trade transaction using an electronic bill of lading was completed on Nov. 27. POSCO International exported auto parts to the U.S. through the issuance of an electronic bill of lading on Nov. 3, and on Nov. 27, the U....

2022-12-01 16:04

Korea, US discuss enhanced cooperation in chips sector

Korea, US discuss enhanced cooperation in chips sector

Korea and the United States discussed ways Thursday to boost cooperation in the semiconductor industry and to ensure stable supply chains for chips, Seoul's industry ministry said.

2022-12-01 15:44

POSCO chief, Australia PM discuss $40 billion in eco-friendly projects

POSCO chief, Australia PM discuss $40 billion in eco-friendly projects

POSCO Group will invest a total of $40 billion with local partners in Australia by 2040, the company announced, Thursday. The investment comes as Chairman Choi Jeong-woo met with Australian Prime Minister Anthony Albanese at the Houses of Parliament in Canberra, the capital of Australia, “We see Australia as the most important country for investment to secure hydrogen, which ...

2022-12-01 15:16

Korea's exports to fall in 2023 due to global downturn

Korea's exports to fall in 2023 due to global downturn

Korea's trade environment will worsen next year compared to this year due to the uncertainties surrounding the global economy, Korea International Trade Association (KITA) Chairman Koo Ja-yeol said during a press conference commemorating the 59th Trade Day held at the Trade Tower in Seoul, Wednesday.

2022-12-01 14:50

INTERVIEWBrand expert says retaining customers is more important than gaining new ones

No business leader will underestimate the importance of gaining the trust of consumers to ensure a company's success and there is probably no disagreement when it comes to the grave financial consequences of losing the support of customers.

2022-12-01 08:40

Biden visits SK Siltron's plant in Michigan

Biden visits SK Siltron's plant in Michigan

U.S. President Joe Biden toured a plant of SK Siltron CSS, a local subsidiary of Korea's SK Group, in Michigan on Tuesday.

2022-11-30 17:56

Truckers' strike triggers fuel shortage

Truckers' strike triggers fuel shortage

A nationwide strike by the country's unionized truckers is causing some local petrol stations to run out of gasoline and diesel, according to the energy ministry, Wednesday, prompting owners of cars and buses to brace for a full-fledged fuel shortage next week. Up to 80 percent of the cargo truckers who carry fuel provided by the top four local refiners - SK Innovation, GS Ca...

2022-11-30 17:03

KITA, biz associations call on truckers to end strike

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