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Reporter : Kim Hyun-bin
Sun, November 27, 2022 | 04:54
Hyundai Motor's sponsorship of World Cup dates back 23 years
The FIFA World Cup has been sponsored by major global partners, such as Coca-Cola, Adidas, and VISA, with the specific rule that only one sponsorship is allowed per company of the same industry. Korea's leading carmaker Hyundai Motor Group (HMG), which operates Hyundai Motor and Kia Corp. under its wings, is the sole sponsor of the World Cup among global automakers. The World...
SK Inc. diversifies sustainable food business
SK Inc. is expanding its investments in the sustainable food industry, a promising next-generation food sector, as part of its focus on advancing green businesses aligned with environmental, social and corporate governance (ESG) principles, according to the company, Thursday. The company has invested approximately $7 million in Wildtype, a U.S.-based salmon cell cultivation c...
Kia urged to end job guarantees for union workers' children
The government is urging Kia Corp., Korea's second-largest automaker, to end its employment guarantees for unionized workers' children, as the collective agreement may violate a law that ensures fair employment opportunities for everyone, according to the labor ministry and industry officials, Wednesday. According to the Ministry of Employment and Labor, the Anyang branch of ...
LS Group chief conducts first personnel reshuffle
LS Group Chairman Koo Ja-eun has conducted his first reshuffle of the group's top management since taking helm of the group at the beginning of the year. LS Group retained most of the CEOs of its major subsidiaries to focus on organizational stability and minimizing external and organizational changes in consideration of the global economic downturn, although the conglomerate...
Key Korean manufacturers increase market shares in US, China
The global market share of Korea's 13 major export items increased by 0.22 of a percentage point in 2020-2021 amid the pandemic, rising to fourth place in the world backed by stronger-than-expected sales in the U.S. and China, according to a report released Tuesday.
Hyundai Motor's EVs lead carbon neutral efforts at World Cup
Hyundai Motor Group is going all out to showcase its eco-friendly image at the 2022 FIFA World Cup in Qatar, according to industry officials, Monday. The carmaker is providing 983 official vehicles (616 Hyundai and 367 Kia cars) as a sponsor during the World Cup, including 316 eco-friendly cars, becoming the first to sponsor electric vehicles (EVs) at the global football extr...
Philips Korea appoints healthcare professional as CEO
Philips Korea has appointed Park Jae-in as its new CEO. He will concurrently serve as the CEO of Philips Korea and the head of the health systems business division, which provides professional healthcare solutions, according to the company.
Chaebol families pay tribute to late Samsung Group founder
A memorial service was held Friday marking the 35th anniversary of late Chairman and Samsung Group founder Lee Byung-chul's death. The owner families of Samsung and CJ groups gathered in Yongin, Gyeonggi Province to remember the late founder. According to Samsung, Chairman Lee Jae-yong, former Leeum Samsung Museum of Art Director Hong Ra-hee, Hotel Shilla President Lee Boo-ji...
'Next year is turning point in strengthening US-Korea economic and security alliance': KITA
Next year marks the 70th anniversary of the ROK-U.S. alliance and is a critical turning point to expand bilateral exchanges between Korea and the U.S. to strengthen the economic and security alliance, according to the Korea International Trade Association (KITA), Friday. KITA held the “2023 U.S. Economy Policy Outlook and Market Entry Seminar” jointly with the American Chambe...
Chaebol chiefs meet Saudi crown prince to seek lucrative deals in oil-rich nation
The heads of Korea's top business groups gathered at Lotte Hotel Seoul, Thursday afternoon, to meet Saudi Arabia's Crown Prince Mohammed bin Salman and seek more business opportunities in the $500 billion Neom smart city project in the Middle Eastern country, industry officials said Thursday. The crown prince arrived in Seoul early Thursday and held a tea meeting for one and ...
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