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The Korea Times

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Asia

The Korea Times

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Companies

Sat, June 3, 2023 | 23:09

CJ Olive Young expands alcoholic beverage business ahead of IPO

CJ Olive Young expands alcoholic beverage business ahead of IPO

CJ Olive Young, a local health & beauty store chain, has been expanding alcoholic beverage sales as it prepares for an initial public offering (IPO), according to industry officials, Tuesday.

Kim Jae-heun | 2023-05-31 17:02

Mercedes-Benz Korea appoints new CEO

Mercedes-Benz Korea appoints new CEO

Mercedes-Benz Korea appointed Mathias Vaitl, who currently leads Mercedes me, Digital Services Business and eCommerce, as its new CEO, the Korean unit of the German luxury car brand said, Wednesday. Mercedes-Benz Korea said the new CEO's term will begin on Sept. 1. Thomas Klein, the current CEO, will be promoted as head of Product Management & Sales Mercedes-Benz Passenger Ca...

Baek Byung-yeul | 2023-05-31 16:33

POSCO International kicks off LNG terminal expansion in Dangjin

POSCO International kicks off LNG terminal expansion in Dangjin

POSCO International is moving forward with its liquefied natural gas (LNG) terminal expansion project in Dangjin, South Chungcheong Province, the company said Wednesday.

Kim Hyun-bin | 2023-05-31 16:32

AMCHAM stresses S. Korea-US ties after NK fires 'space launch vehicle'

AMCHAM stresses S. Korea-US ties after NK fires 'space launch vehicle'

Instead of being panicked by the Seoul Metropolitan Government's erroneous alert over North Korea's firing of what it claimed to be a “space launch vehicle” on Wednesday morning, American businesspeople here regarded the incident as further proof of the importance of the alliance between South Korea and the U.S.

Park Jae-hyuk | 2023-05-31 15:55

SK Networks' Hico Capital inks partnership with US Bow Capital to expand global investment

SK Networks' Hico Capital inks partnership with US Bow Capital to expand global investment

SK Networks' U.S. investment firm Hico Capital plans to pursue a global partnership with Bow Capital to expand global investment, according to SK Networks, Wednesday. The company held a partnership event at the Rosewood Sand Hill Hotel in Silicon Valley, California, May 30 (local time), to promote the partnership with Bow Capital.

Kim Hyun-bin | 2023-05-31 14:39

LS chairman appears in YouTube commercial

LS chairman appears in YouTube commercial

LS Group Chairman Koo Ja-eun has drawn attention for his surprise appearance in the group's commercial, the first of its type since 2005, according to industry officials, Wednesday.

Park Jae-hyuk | 2023-05-31 11:36

Samsung Sharing Kiosk raises $174,000 to help children in need

Samsung Sharing Kiosk raises $174,000 to help children in need

Samsung Electronics' employees participate in a donation drive via the Sharing Kiosk at the company headquarters in Suwon, Gyeonggi Province, Wednesday. In May, the company installed a total of 35 Sharing Kiosks throughout its worksites, along with the Online Sharing Kiosk campaign. Through the initiatives, a total of 230 million won ($174,176) was raised and will be given to...

Kim Hyun-bin | 2023-05-31 11:30

LG Electronics partners with Canadian startup to develop AI chips

LG Electronics partners with Canadian startup to develop AI chips

LG Electronics and Canadian AI computing startup Tenstorrent said Wednesday they are working together to develop next-generation chips that could potentially power the Korean tech company's smart consumer appliances and automotive products.

2023-05-31 10:31

LG Chem breaks ground on 4th carbon nanotube plant in Korea

LG Chem breaks ground on 4th carbon nanotube plant in Korea

LG Chem said Wednesday it broke ground for its fourth carbon nanotube (CNT) plant in Korea, to more than double output of the key industrial material in the next few years.

2023-05-31 10:30

Retailers adopt generative AI to offer personalized products, services

Retailers adopt generative AI to offer personalized products, services

Retailers are rushing to learn and use generative artificial intelligence (AI) to provide hyper-personalized products and services for tech-savvy young customers in their 20s and 30s, who have become a major consumer group, according to industry officials, Tuesday.

Kim Jae-heun | 2023-05-31 09:23

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6	LG Chem joins Korean firms strengthening ties with Japan

7	POSCO, GM expand joint EV battery materials investment in North America

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