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Wed, December 6, 2023 | 10:26
Kumho Tires Unionists, Management End Strife
Management and the union labor of Kumho Tires came to a dramatic settlement Sunday in wage and collective agreements during last-ditch negotiations, keeping alive hopes for putting the troubled company back on track.
Gasoline Hits 1,800 Won per Liter
The average at-pump price of gasoline in Seoul hit 1,800 won ($1.6) per liter Thursday for the first time in 19 months. The price was just below 1,800 won Saturday morning.
StarCraft Rigging Scandal Hits e-Sports Industry
Since 1999, Park Won-ki has been a die-hard fan of StarCraft. It was one of his biggest joys in life to watch professionals compete in local leagues of the worldly popular military science fiction real-time strategy computer game. A section of his blog is dedicated to postings on computer games.
LS Taps Into Premier Bike Business
LS Networks opened their first shop in a planned network for the sale of premium bicycles, Thursday.
Hyosung Wins Major Qatar Power Grid Deal
Korean conglomerate Hyosung announced Wednesday that it has signed a deal with Qatar to contribute to a $1.2 billion power network contract as part of the Gulf nation's efforts to meet its future demands for electricity.
Pro-Korea Omani Minister Receives Doctorate
A visiting Omani minister was awarded an honorary doctorate in economics Monday at the Seoul National University of Technology, in recognition of his contribution to boosting mutual ties between South Korea and the Middle Eastern country.
China Biggest Exporter of Fake Goods to Korea
Imitation luxury brand products valued at 1.3 trillion won ($1.2 billion) were confiscated at customs offices last year, according to government data Monday.
Government Was Unaware of Toyota’s Car Problems
It appears to be true that Japanese auto giant Toyota has voluntarily decided to issue a recall on its models with faulty floor mats: Not because the maker was solicited to do so, but because the government had no clue what is really wrong with those vehicles.
Labor-Management Rift Explodes at Kumho Tires
The road ahead is becoming bumpier for Kumho Tires. Employees of the financially crunched company voted against tentative wage and collective agreements, causing all current processes under a debt restructuring program to halt.
Steel Mill Brings Reality to Hyundai Dream
Following three and half years of construction, Hyundai Steel opened full commercial production of its first integrated mill with the nation's largest blast furnaces in Dangjin, South Chungcheong Province, Thursday.
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