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Tue, May 30, 2023 | 19:19
Big businesses face growing union pressure to extend retirement age
Big businesses face growing union pressure to extend retirement age
Extending the retirement age beyond 60 has become the top priority of unionized workers at major Korean companies in this year's collective bargaining talks, according to industry officials, Tuesday.
2023-05-30 17:00
Running convenience stores becomes popular among people in 20s, 30s
Running convenience stores becomes popular among people in 20s, 30s
Lee Sung-bong, 25, opened a CU convenience store in southwestern Seoul's Guro District last August, on recommendation from his parents who have been running one for years. “My parents have been in the convenience store business and they suggested I start my own,” Lee said.
2023-05-30 16:56
Naver suffers shrinking online search market share
Naver suffers shrinking online search market share
Naver, the country's largest internet company, is losing its share in the search engine market as users flock to more convenient artificial intelligence (AI) chatbot services such as OpenAI's ChatGPT, Microsoft's Bing and Google's Bard, all of which are based on generative AI technology, according to industry officials, Tuesday.
2023-05-30 16:43
LG Energy Solution fosters employee growth
LG Energy Solution fosters employee growth
LG Energy Solution (LGES) launched its internal independent companies, KooRoo and AVEL, last year to help expand its battery ecosystem. These independent companies are organized to pursue new ideas swiftly by exploring future growth engines centered on the existing battery business. The company also aims to provide opportunities for individual growth by allowing members to ta...
2023-05-30 16:19
Kia aims to sell 93,000 EVs in Europe this year
Kia aims to sell 93,000 EVs in Europe this year
Kia, Korea's second-biggest carmaker, said Tuesday it aims to sell 93,000 all-electric vehicles (EVs) in Europe in 2023 by launching the flagship EV9 SUV later this year.
2023-05-30 15:56
Former presidential protocol secretary to head Hyundai Motor's gov't affairs
Former presidential protocol secretary to head Hyundai Motor's gov't affairs
Hyundai Motor Group has decided to hire Kim Il-bum, former presidential protocol secretary, as the head of its division handling government-related affairs, according to company officials, Tuesday. The company said it is in the process of recruiting Kim to strengthen its global external policy capabilities and support its activities related to the nationwide campaign to host ...
2023-05-30 15:14
SME biz sentiment for June swings to downturn on weaker economy
SME biz sentiment for June swings to downturn on weaker economy
Korean smaller firms' business outlook switched to a downturn for June on the country's slowing economy, a poll showed Tuesday.
2023-05-30 14:20
SK hynix enters validation process for 10 nm DDR5 server DRAM
SK hynix enters validation process for 10 nm DDR5 server DRAM
SK hynix completed the development of the industry-leading 10-nanometer process technology-based fifth-generation DDR5 DRAM and entered a product validation process with U.S. chip giant Intel, the Korean memory chip giant said Tuesday.
2023-05-30 14:17
Korea's antitrust regulator approves Microsoft's takeover of Blizzard
Korea's antitrust regulator approves Microsoft's takeover of Blizzard
Korea's antitrust regulator said Tuesday it has decided to approve Microsoft's takeover of Activision Blizzard as the deal is unlikely to hinder competition in the Korean gaming market.
2023-05-30 14:09
SKC, POSCO partner up to develop next-generation battery materials
SKC, POSCO partner up to develop next-generation battery materials
SKC, an advanced materials maker under Korea's SK Group, said Tuesday it is joining hands with steel giant POSCO Holdings to develop next-generation secondary battery components as part of efforts to boost competitiveness in the rapidly growing industry.
2023-05-30 12:02
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Top 10 Stories
1Korea eyes launch of 4th Nuri space rocket in 2025 Korea eyes launch of 4th Nuri space rocket in 2025
2Memorial Day 2023 Memorial Day 2023
3Korea's household debt-to-GDP ratio highest among 34 major economies Korea's household debt-to-GDP ratio highest among 34 major economies
4Japanese destroyer flies controversial flag as it arrives in Korea for joint drill Japanese destroyer flies controversial flag as it arrives in Korea for joint drill
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9Top 20% of income earners fuel increase in Q1 consumption as pandemic ends Top 20% of income earners fuel increase in Q1 consumption as pandemic ends
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