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Sun, May 29, 2022 | 04:54

Industry minister pledges full support for exporters

The government will provide full support to help local companies bolster their outbound shipments against ongoing uncertainties such as global supply chain disruptions, Russia's invasion of Ukraine and the conflict between the United States and China, the industry ministry said Friday.

Baek Byung-yeul | 2022-05-27 16:48

Trade deficit feared to become long-lasting trend

Koreans ready to flock to Japan as tourism resumes in June

Tour agencies here, which have been struggling with low travel demand amid the COVID-19 pandemic, are set to capitalize on Japan's decision to ease entry restrictions for foreign tourists next month, according to company officials Friday. They expect more Korean tourists will fly to the neighboring country, which will serve as a catalyst in revitalizing the sluggish travel in...

Baek Byung-yeul | 2022-05-27 16:48

POSCO Chemical, GM pick Quebec as site for $327 mil. joint cathode plant

POSCO Chemical said Friday it is building a $327 million cathode plant with General Motors in the Canadian city of Quebec to supply the key electric vehicle battery component to the U.S. automaker. The two have signed a final agreement on setting up their joint venture, Ultium CAM, and building the cathode production facility in Becancour in southern Quebec by 2024, the compa...

2022-05-27 16:16

Equinor expects investment decision on offshore wind farm in Korea in 2024

Norway's Equinor ASA plans to make a final investment decision on what would be its first offshore wind farm in South Korea in 2024, and is considering a third project near the holiday island of Jeju, the head of its South Korean unit said.

2022-05-26 21:12

Mercedes-Benz donates W5 bil. through sports campaigns

German carmaker Mercedes-Benz has donated 5.05 billion won ($3.98 million) to local communities over the past five years through its “Mercedes-Benz Give” sports campaign. “Give 'N Race” is another sports campaign program that has gained popularity among participants as it promotes people's health while they help those in need.

2022-05-26 17:43

SK, LG, GS, POSCO, Hyundai Heavy unveil investment plans for future growth

Following Samsung Group and Hyundai Motor Group's massive investment plans, other Korean conglomerates, including SK, LG, GS, POSCO and Hyundai Heavy Industries unveiled large-scale investment plans Thursday in a move to find future growth opportunities and respond to President Yoon Suk-yeol's pledge to create a business-friendly environment.

Baek Byung-yeul | 2022-05-26 16:57

Employers criticize Supreme Court ruling against peak wage system

Business lobby groups expressed concerns, Thursday, about potential side effects from the Supreme Court's ruling against the peak wage system, which has been implemented by many domestic companies to gradually reduce the salaries of older workers before retirement. The lobby groups claimed that nullifying the system will weigh further on employers, causing job instability.

Park Jae-hyuk | 2022-05-26 16:40

Supreme Court rules against peak wage system

British TV presenter views 'brutal' netizens as challenge to Korean entertainment

A British adventurer, who has also worked as a television presenter in Korea, mentioned “criticism from netizens” as one of the difficulties actors face in the Korean television industry. Sharing his personal experiences of working in the Korean entertainment industry, James Hooper, who summited Mount Everest at age 19 and has appeared on numerous Korean television shows incl...

Park Jae-hyuk | 2022-05-26 16:06

Chaebol leaders pledge support for SMEs

Samsung Electronics Vice Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Chairman Chung Euisun, LG Group Chairman Koo Kwang-mo and Lotte Group Chairman Shin Dong-bin promised Wednesday that they will support small- and medium-sized enterprises (SMEs) here to prosper together with them.

Park Jae-hyuk | 2022-05-25 20:05

D&S Technology showcases latest anti-terrorism devices

D&S Technology participated in the first anti-terrorism policy development seminar, organized jointly by the Korean National Police University (KNPU) and the Korea Institute for Crisis management Analysis (KICA) on Tuesday, where counterterrorism experts discussed ways to defend important national and multi-use facilities.

Kim Jae-heun | 2022-05-25 17:41

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