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Wed, November 30, 2022 | 02:24

Korea moves closer to becoming global semiconductor hub

Korea moves closer to becoming global semiconductor hub

Korea is moving to become a hub for the semiconductor industry, as global chip companies are building their facilities here one after another. As part of its efforts, ASML, the Netherlands-based semiconductor equipment maker, held a groundbreaking ceremony to build its facility in Hwaseong, Gyeonggi Province, Wednesday. ASML is the only company in the world that can produce e...

Baek Byung-yeul | 2022-11-16 17:01

KCCI collects money from top 10 conglomerates for Expo bid

KCCI collects money from top 10 conglomerates for Expo bid

The Korea Chamber of Commerce and Industry (KCCI) has been collecting money from Korea's top 10 businesses groups, including Samsung, SK, Hyundai Motor and LG, to finance a range of activities to help Busan win a bid to host World Expo 2030, according to the country's top business lobby group Wednesday.

Kim Hyun-bin | 2022-11-16 16:53

Korean firms seek to build green hydrogen plants in Saudi's Neom

Korean firms seek to build green hydrogen plants in Saudi's Neom

A local public-private energy consortium is seeking to build a green hydrogen and ammonia plant in Neom, Saudi Arabia, the industry ministry said, Wednesday. This project is the latest effort to spearhead joint growth opportunities between Korea and the Middle Eastern country over the five-stage construction project of $500 billion (662 trillion won) involving the new smart c...

Lee Kyung-min | 2022-11-16 16:43

[INTERVIEW] Saudi crown prince's visit to bring opportunities for Korean companies

Hyundai Glovis to enter Malaysian logistics market with Lion Group

Hyundai Glovis to enter Malaysian logistics market with Lion Group

Hyundai Glovis will enter Malaysia's burgeoning logistics market, one of the key growth regions of Southeast Asia, through a strategic partnership with a local conglomerate. The latest move is part of the logistics company's plan to expand its presence in the Association of South East Asian Nations (ASEAN) region. Hyundai Glovis said it signed a strategic partnership with Mal...

Kim Jae-heun | 2022-11-16 16:26

Korea to celebrate 3rd Kimchi Day

Korea to celebrate 3rd Kimchi Day

Kimchi, a fermented Korean delicacy, is increasingly gaining ground all around the world, as underpinned by its health benefits from fresh ingredients and how they are prepared. The vegetable-based dish seasoned with spices and fermented seafood needs no additives or preservatives, unlike processed foods.

Lee Kyung-min | 2022-11-16 16:03

Korea's kimchi imports hit new high in Oct.

Genesis' first convertible concept car

Genesis' first convertible concept car

The X Convertible, Genesis' convertible concept model, was unveiled in Malibu California, Tuesday (local time). This is the third model of Genesis' X Concept Series and the brand's first convertible concept. Courtesy of Hyundai Motor Group

Kim Hyun-bin | 2022-11-16 15:36

CJ, Samyang outperform Nongshim, Ottogi, Daesang

CJ, Samyang outperform Nongshim, Ottogi, Daesang

While nearly all major food companies here posted higher sales in the third quarter from a year earlier on the back of steep price increases, their operating profits showed mixed results. Companies that expanded their global businesses were found to have performed better than their peers who are heavily dependent on the domestic market amid the won's falling value against the...

Kim Jae-heun | 2022-11-16 15:33

Volkswagen Korea launches new Jetta, unveils Golf GTI

Volkswagen Korea launches new Jetta, unveils Golf GTI

Sacha Askidjian, the executive director of Volkswagen Korea, who is marking the first anniversary of the company's inauguration vowed to accelerate its key brand strategy during the "2022 Volkswagen Atelier" where the company held a launch ceremony for the new Jetta and a pre-release presentation for the Golf GTI at Mark 69 in Seoul, Wednesday.

Kim Hyun-bin | 2022-11-16 14:35

Samsung Electronics corporate tax burden 2.6 times higher than TSMC

Samsung Electronics corporate tax burden 2.6 times higher than TSMC

Samsung Electronics' corporate tax burden was found to be 2.6 times higher than Taiwan's TSMC, and voices are emerging that the competitiveness of domestic companies should be improved through corporate tax cuts, according to industry officials, Tuesday.

Kim Hyun-bin | 2022-11-16 13:21

SK Signet to build EV charger-manufacturing facility in US

SK Signet to build EV charger-manufacturing facility in US

SK Signet, a Korean manufacturer of electric vehicle chargers, said Wednesday it plans to build an electric vehicle (EV) charger-manufacturing plant in the U.S. with an aim to start operations in the second half of next year.

2022-11-16 10:20

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