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Sat, June 3, 2023 | 18:11

Traditional markets catch on with foreign tourists, young consumers

Traditional markets catch on with foreign tourists, young consumers

Thai tourist Rob Gorman, 34, visited Mangwon Market in Mapo District, western Seoul, three weeks ago when he came to Korea. “I saw my friend post a picture of this Korean tradition market on social media before and I wanted to go there so bad,” Gorman said.

Kim Jae-heun | 2023-05-26 16:50

Hyundai Motor Group, LGES to inject $4.3 bil. to build EV plant in US.

Hyundai Motor Group, LGES to inject $4.3 bil. to build EV plant in US.

Hyundai Motor Group and LG Energy Solution (LGES) have agreed to set up a battery cell manufacturing joint venture in the U.S., strengthening the two companies' partnership in the area of manufacturing batteries for electric vehicles (EVs). Hyundai Motor CEO Chang Jae-hoon and LGES CEO Kwon Young-soo signed a memorandum of understanding at the headquarters of LGES in Yeouido,...

Anna J. Park | 2023-05-26 16:18

Advancing ESG drive meets stakeholder demands, enhances access to capital: experts

Advancing ESG drive meets stakeholder demands, enhances access to capital: experts

Businesses practicing carbon neutrality around-the-clock are likely to fully disclose environmental, social and corporate governance (ESG) data, and meet emission reduction targets, a source of stable and greater access to financial capital in the years to come, according to energy transition experts, Friday.

Lee Kyung-min | 2023-05-26 15:33

Mayor promotes Busan's bid to host World Expo 2030 at WCE

LS Cable wins $143 mil. submarine cable supply deal

LS Cable wins $143 mil. submarine cable supply deal

LS Cable System, South Korea's top wire and cable maker, said Friday it has clinched a 189.2 billion-won ($143 million) submarine cable supply deal from Denmark.

2023-05-26 14:30

Hyundai Motor, LG to invest $4.3 bil. in EV battery plant in US

Hyundai Motor, LG to invest $4.3 bil. in EV battery plant in US

Korea's Hyundai Motor Group and LG Energy Solution said Friday they will invest 5.7 trillion won ($4.3 billion) in a battery cell plant in the United States in the latest move to better deal with the Inflation Reduction Act (IRA) amid growing demand for electric vehicles.

2023-05-26 13:52

Local food firms tightfisted on R&D investment

Local food firms tightfisted on R&D investment

Food companies, eager to boost their profitability by raising prices of processed foods such as instant noodles, snacks and bread over the past year, appear to be neglecting investment in research and development activities, industry officials said Thursday. Most major firms' R&D expenses came to only around 1 percent of their total sales, showing no growth compared to 10 yea...

Kim Jae-heun | 2023-05-26 08:25

Major semiconductor equipment companies rush to build plants in Korea

Major semiconductor equipment companies rush to build plants in Korea

Global semiconductor equipment companies are rushing to build plants, and research and development facilities in Korea in order to reduce China risk while strengthening partnerships with Samsung Electronics and SK Hynix,...

Kim Hyun-bin | 2023-05-25 16:50

Companies showcase latest green technologies at WCE

Companies showcase latest green technologies at WCE

Samsung, SK, Hyundai Motor, LG and other major conglomerates here are displaying their innovative eco-friendly technologies aiming to make a more sustainable future at the World Climate Industry Expo (WCE) currently being held at Busan's BEXCO convention center, the companies said Thursday.

Baek Byung-yeul | 2023-05-25 16:50

Business leaders discuss joint climate action

Nuclear energy drives green transition: experts

Nuclear energy drives green transition: experts

Russia's invasion of Ukraine sent ripple effects throughout the energy market, pushing up energy prices over the past few years. But at the same time the clean energy transition has become “turbocharged,” with nuclear energy making a strong comeback as a green energy source, according to Dr. Fatih Birol, Executive Director of the International Energy Agency (IEA), Thursday.

Lee Kyung-min | 2023-05-25 16:34

Business leaders discuss joint climate action

Business leaders discuss joint climate action

Business leaders discuss joint climate action

Business executives and government officials from around the world discussed ways to advance carbon neutrality at a roundtable session at the World Climate Industry Expo (WCE) held from May 25 to 27 in Busan. They discussed best practices and agreed to bolster international cooperation.

Lee Kyung-min | 2023-05-25 16:34

Nuclear energy drives green transition: experts

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Top 10 Stories

1	Roland Garros 2023

2	Airlines fiercely compete to acquire additional aircraft

3	Seoul imposes sanctions on North Korean hacking group for role in space launch

4	More banks offer daily interest payments on deposits

5	KAERI distances itself from Oxford professor's claim on Fukushima water

6	POSCO, GM expand joint EV battery materials investment in North America

7	HMM tasked with preventing sale of Hyundai LNG to foreign firm

8	LG Chem joins Korean firms strengthening ties with Japan

9	Hyundai Elevator launches AI, IoT-powered maintenance service

10	Indo-Pacific region highlighted as important for Korean economy's future

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