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Fri, December 1, 2023 | 18:17

Samsung Electronics appoints younger figures in personnel reshuffle

Samsung Electronics appoints younger figures in personnel reshuffle

Samsung Electronics carried out a generational shift by appointing executives in their 30s as vice presidents and executives in their 40s as executive vice presidents to lay the foundation for future growth, the company said Wednesday.

2023-11-29 16:34

POSCO builds two factories for eco-friendly vehicles

POSCO builds two factories for eco-friendly vehicles

POSCO Group has completed the construction of two factories producing lithium hydroxide and electric steel, as part of plans to tighten its position as a manufacturer of key materials used for eco-friendly vehicles, the company said Wednesday.

2023-11-29 16:33

Retailers, food firms rush to reduce workforce amid economic downturn

Retailers, food firms rush to reduce workforce amid economic downturn

An increasing number of retailers and food firms are introducing voluntary retirement schemes for their employees as businesses struggle with falling sales and rising costs, according to industry officials, Wednesday.

2023-11-29 15:58

For post-war reconstruction of Ukraine

For post-war reconstruction of Ukraine

Hyundai Elevator Managing Director of Global Sales Division Cho Cheol-ho, right, shakes hands with Erbud Vice President Jacek Leczkowski in Warsaw, Tuesday (local time), after signing a memorandum of understanding regarding the Korean elevator maker's cooperation with the Polish construction company for the post-war reconstruction of Ukraine. Courtesy of Hyundai Elevator

2023-11-29 11:06

GM Korea, Kia, Porsche to recall over 15,000 cars due to faulty parts

GM Korea, Kia, Porsche to recall over 15,000 cars due to faulty parts

GM Korea and two other car makers will recall over 15,000 vehicles due to defective components, the transport ministry said Wednesday.

2023-11-29 09:51

Kolon's managerial succession in full swing

Kolon's managerial succession in full swing

Kolon Group appointed Lee Kyu-ho, the eldest son of the group’s honorary chairman, as its new vice chairman during a year-end reshuffle of top management, the company said Tuesday.

2023-11-28 16:33

Korea, US diplomats confident about solid ties with Japan after elections

Korea, US diplomats confident about solid ties with Japan after elections

The trilateral diplomatic and economic relationship between Korea, the U.S. and Japan must be sustained even after their forthcoming elections next year, senior diplomats of Korea and the U.S. said Tuesday.

2023-11-28 16:10

Hyundai Motor unveils universal wheel drive system

Hyundai Motor unveils universal wheel drive system

Hyundai Motor has unveiled its universal wheel drive system by placing major driving parts inside a wheel, dramatically increasing the potential indoor space for electric vehicles (EV), the company said Tuesday.

2023-11-28 16:05

For stable supply of animal feed ingredients

For stable supply of animal feed ingredients

POSCO International Chief Officer of Global Business Unit Lee Kye-in, fourth from left, and NongHyup Feed CEO Kim Gyeong-su, fifth from left, pose at POSCO Center in Seoul, Monday, after signing an agreement to cooperate for stable supply of imported animal feed ingredients. Courtesy of POSCO International

2023-11-28 11:42

Samsung's Harman acquires music streaming platform Roon

Samsung's Harman acquires music streaming platform Roon

Samsung Electronics said Tuesday its automotive and audio electronics subsidiary Harman International has acquired the U.S. music streaming platform Roon in a bid to expand its presence in the digital audio sector.

2023-11-28 10:19

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