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Biz & Tech

Manufacturing

Tue, August 4, 2020 | 18:04

'RE100' emerges as new risk for Korean firms

'RE100' emerges as new risk for Korean firms

The rapidly expanding “RE 100” campaign, meaning running operations at factories and offices among others on 100 percent renewable energy, is throwing up new challenges for Korean firms that are part of global supply chains, with Apple, Google, BMW and other big name clients demanding their suppliers join the movement.

Nam Hyun-woo | 2020-08-04 18:00

Hanwha Corp. scaling down for smooth succession

Hanwha Corp. scaling down for smooth succession

Hanwha Group is expediting its ownership succession to heir Kim Dong-kwan, by scaling down the portfolio of Hanwha Corp., the de facto holding firm of the energy, defense, chemical and finance conglomerate.

Nam Hyun-woo | 2020-08-04 17:10

Lifestyle filled with OLED tech comes near

Lifestyle filled with OLED tech comes near

Ever wonder what life will be like in the future? All those fancy home electronics that only appeared in science fiction movies in the past are now starting to become a reality. A small glimpse of what is to come is showcased at LG Display's OLED exhibition located in LG Science Park in southwestern Seoul. Once entering the exhibition the most eye-catching item is the large O...

Kim Hyun-bin | 2020-08-04 16:56

Korea, China seek to boost trade amid pandemic

Korea, China seek to boost trade amid pandemic

South Korea and China on Monday held a meeting to update and expand the scope of their bilateral free trade agreement (FTA), which took effect around five years ago, and vowed to make joint efforts to overcome economic jitters sparked by the new coronavirus pandemic.

2020-08-03 21:40

[Reporter's notebook] LG Chem eyeing to solidify status as top battery maker

[Reporter's notebook] LG Chem eyeing to solidify status as top battery maker

LG Chem posted an earnings surprise in the second quarter, thanks to robust sales of electric vehicle (EV) battery cells. The chemical and battery arm of LG Group, which supplies its battery cells to prominent EV makers such as Tesla, Volkswagen, GM and Hyundai, announced Friday it posted an operating profit of 571.6 billion won ($478.73 million) for the April-June period, up...

Baek Byung-yeul | 2020-08-02 17:00

POSCO International vows to enhance ESG standards

POSCO International vows to enhance ESG standards

POSCO International has vowed to enhance its environmental, social and governance (ESG) standards to become a more responsible corporate citizen, the company said Sunday.

Baek Byung-yeul | 2020-08-02 16:41

Switch out Goldstar

Switch out Goldstar

Starting Monday, LG Electronics will allow loyal customers to switch out their old Goldstar microwaves with its latest three LG DIOS kitchen appliances including induction stove, steam dish washer and light wave oven. / Courtesy of LG Electronics

Kim Hyun-bin | 2020-08-02 16:33

HiteJinro celebrates 96th anniversary of brewing

HiteJinro celebrates 96th anniversary of brewing

HiteJinro, the country's leading soju and beer maker, is on the verge of meeting its 100th anniversary. Marking its 96th anniversary this year, HiteJinro has become a “global brewery enterprise” taking over the top seed in the country and further expanding its presence overseas.

Kim Hyun-bin | 2020-08-02 16:32

Battery business powers LG Chem

Battery business powers LG Chem

Batteries powered LG Chem in the second quarter of this year, with its battery business generating a surprising 2.82 trillion won in sales and 155.5 billion won operating profit for three months ended June 30 amid soaring demand for electric vehicles (EVs).

Nam Hyun-woo | 2020-07-31 17:32

Samsung Heavy Industries remains in red in Q2

Samsung Heavy Industries remains in red in Q2

Samsung Heavy Industries on Friday reported its second-quarter net loss of 704.3 billion won ($ 591.2 million), remaining in the red compared with a year ago.

2020-07-31 16:34

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