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Reporter : Kim Yoo-chul
Thu, February 9, 2023 | 08:01
GM says labor unrest to corner Korean business
Senior management officials at General Motors (GM) headquarters warned labor representatives of GM Korea several times that repeated factory closures due to labor disputes will force the Korean unit to encounter a very difficult situation in terms of allocating new electric vehicle (EV) orders.
Kim Bom-seok steps down from Coupang board
Kim Bom-seok, founder of Coupang, decided to step down from the board of the company in order to spend more time on developing its business overseas, the company said, Thursday.
Shinsegae to acquire eBay Korea for $3.9 bil.
U.S. e-commerce giant eBay has chosen retail conglomerate Shinsegae as the new owner of eBay Korea, which has been up for sale since last year.
[ANALYSIS] Korea sees advantages, challenges with Moderna
President Moon Jae-in's goal is to help South Korea become a global vaccine hub, and given the country's strengths in manufacturing, his ambition is, in theory, achievable and deliverable. South Korea is home to the world's two-largest memory chipmakers: Samsung and SK hynix. Because of the similarities in the complexities of semiconductor production and contract development ...
Hyundai suspends US factory operations
Hyundai Motor Group, the country's leading vehicle manufacturer, has suspended its production facilities in the United States due to the shortage of automotive semiconductors, it said Monday.
Samsung begins output of 5G RF chips
Samsung Electronics has started mass-producing radio frequency (RF) chips for use in 5G-capable telecommunications devices at its foundry chip lines in Hwaseong, Gyeonggi Province, it said in a statement, Wednesday.
Moon-Biden summit boosting Doosan Heavy shares
Investors are betting on Doosan Heavy Industries & Construction's (Doosan Heavy) transformation efforts and moves to improve its corporate soundness as the conglomerate is nearing the end of its restructuring process.
Four financial groups submit plans to acquire Citi's retail banking unit: sources
At least four local financial groups submitted their proposals to acquire Citibank Korea's consumer banking unit, sources familiar with the issue said, Tuesday.
SsangYong Motor's labor union OKs restructuring plan
Unionized workers at Ssangyong Motor have agreed to accept heavy restructuring measures after the cash-strapped automaker confirmed its intention to look for a buyer by October of this year.
Samsung, SK consider establishing new battery joint ventures
Samsung SDI and SK Innovation (SKI) are considering establishing additional joint ventures with their clients in Europe in a move to provide stable supply sources for electric vehicle (EV) batteries and maintain optimal profit margins, according to multiple industry sources, Monday. The move by the Korean firms is in line with an ongoing strategic realignment in the global ba...