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Sat, June 3, 2023 | 00:40
LG teams up with Korea Water Forum to reduce microplastics production
LG teams up with Korea Water Forum to reduce microplastics production
LG Electronics is attempting to protect marine ecosystems by offering new washing machines that produce less microplastics and partnering with Korea Water Forum to develop practical solutions further, the company said Monday.
Baek Byung-yeul | 2023-05-22 16:36
HD Korea Shipbuilding bags $311 mil. order for 5 container ships
HD Korea Shipbuilding bags $311 mil. order for 5 container ships
HD Korea Shipbuilding Offshore Engineering said Monday it has won a 414.5 billion-won ($311 million) order to build five container vessels for a European shipper.
2023-05-22 16:29
Ontario offers more incentives to attract LGES-Stellantis battery plant
Ontario offers more incentives to attract LGES-Stellantis battery plant
The Canadian province of Ontario has offered to share the burden with the country's federal government to give larger incentives to secure the construction of a joint battery plant run by LG Energy Solution (LGES) and Stellantis. The latest development indicates the companies have gained an advantage in their ongoing negotiations, according to industry officials, Monday.
Park Jae-hyuk | 2023-05-22 16:29
LH chief opposes land minister's idea of abolishing 'jeonse'
LH chief opposes land minister's idea of abolishing 'jeonse'
Korea Land and Housing Corp. (LH) CEO Lee Han-jun has attracted public attention by speaking out against the idea of abolishing “jeonse,” a unique Korean house rental system, which was initially proposed by Minister of Land, Infrastructure and Transport Won Hee-ryong, who supervises the state-run real estate developer, according to industry officials, Monday.
Park Jae-hyuk | 2023-05-22 16:24
CJ CheilJedang builds world's largest frozen pizza plant in US
CJ CheilJedang builds world's largest frozen pizza plant in US
CJ CheilJedang has completed the construction of the world's largest frozen pizza production facility in the United States as part of its efforts to unseat market leader Nestle from the top spot, company officials said Monday. Korea's largest food firm expanded its Schwan's pizza factory in Salina, Kansas, by about 40,000 square meters to a total of 90,000 square meters.
Kim Jae-heun | 2023-05-22 16:14
LS Group to invest $15.1 billion in batteries, EVs, chips
LS Group to invest $15.1 billion in batteries, EVs, chips
LS Group announced a plan to invest 20 trillion ($15.1 billion) in future growth engines to gain competitiveness in the fields of electrification and digital innovation, which are in line with the company's Vision 2030 strategy that centers on carbon-free electricity.
Kim Hyun-bin | 2023-05-22 15:49
Biz lobby calls for Korea's inclusion on MSCI watchlist for developed markets
Biz lobby calls for Korea's inclusion on MSCI watchlist for developed markets
A major Korean business lobby said Monday it will send a letter to Morgan Stanley Capital International (MSCI) calling for Korea's addition to its candidate list for developed market status, a month ahead of the MSCI's announcement on its annual market review.
2023-05-22 13:55
Burger King meets friction with franchisees over price discount event
Burger King meets friction with franchisees over price discount event
Burger King's local franchisees have staged a protest against company headquarters by refusing its price discount promotional event which was launched without consent between May 8 and 21. Among 120 affiliated stores in the country, only 39 followed the Burger King policy.
Kim Jae-heun | 2023-05-22 08:20
[INTERVIEW] Bungaejangter CEO aims to make easy-to-use, secure secondhand platform
INTERVIEWBungaejangter CEO aims to make easy-to-use, secure secondhand platform
Korea's online secondhand market started with Joonggonara and Danggeun Market, which both focus on trading among neighbors in the same town, has become increasingly popular. However, Bungaejangter, which started its service in 2011, also has been widely used as one of the most popular secondhand trading platforms here, with many users especially trading fashion items.
Baek Byung-yeul | 2023-05-21 17:26
Kumho America Technical Center selected as 'Best Place to Work' in 2023
Kumho America Technical Center selected as 'Best Place to Work' in 2023
An affiliate of Kumho Tire, Kumho America Technical Center, has made it to Rubber News' “Best Places to Work” list in 2023, the company said Sunday. Rubber News, the conductor of the survey, is a prominent media outlet that reports on the North American rubber industry.
Kim Jae-heun | 2023-05-21 16:36
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Top 10 Stories
1Hyundai Elevator launches AI, IoT-powered maintenance service Hyundai Elevator launches AI, IoT-powered maintenance service
2More banks offer daily interest payments on deposits More banks offer daily interest payments on deposits
3Roland Garros 2023 Roland Garros 2023
4Airlines fiercely compete to acquire additional aircraft Airlines fiercely compete to acquire additional aircraft
5Seoul imposes sanctions on North Korean hacking group for role in space launch Seoul imposes sanctions on North Korean hacking group for role in space launch
6LG Chem joins Korean firms strengthening ties with Japan LG Chem joins Korean firms strengthening ties with Japan
7HMM tasked with preventing sale of Hyundai LNG to foreign firm HMM tasked with preventing sale of Hyundai LNG to foreign firm
8Korean stocks feared to lose steam on prolonged trade deficit, real estate doldrums Korean stocks feared to lose steam on prolonged trade deficit, real estate doldrums
9POSCO, GM expand joint EV battery materials investment in North America POSCO, GM expand joint EV battery materials investment in North America
10Indo-Pacific region highlighted as important for Korean economy's futureIndo-Pacific region highlighted as important for Korean economy's future
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