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Reporter : Baek Byung-yeul
Tue, February 27, 2024 | 10:07
Korea on alert over another urea shortage crisis
The government is on alert over the possibility of another urea shortage crisis following China's sudden hold on the customs clearance of industrial urea exports to Korea, the industry ministry said Monday.
Booyoung Group chairman donates 20 bil. won to KAIST
Lee Joong-keun, chairman of construction and real estate conglomerate Booyoung Group, donated 20 billion won ($15.3 million) to the Korea Advanced Institute of Science and Technology (KAIST) for remodeling the school's dormitories, hoping to help nurture outstanding students there, the science and technology university said Monday.
Korean battery firms face higher costs for access to US subsidies
LG Energy Solution, Samsung SDI, SK On and other Korean battery companies are facing a dilemma as they will lose tax credit benefits for electric vehicles (EVs) sold in the U.S. if their Chinese partners hold more than 25 percent stakes in joint ventures, according to industry officials, Sunday.
KT cuts executives by 20%, hires external figure to spur digital innovation
KT reduced the number of executives by 20 percent, recruited external professionals to strengthen expertise and established a Technology Innovation Unit in a bid to accelerate digital innovation in its annual reshuffle of executives, the company said Thursday.
KCC faces deteriorating finances as US unit Momentive struggles
KCC Corp. is a holding company of KCC Group, a conglomerate engaged in construction materials, flooring materials, silicone, glasses and construction businesses. In 2019, the company formed a consortium with a private equity firm and other partners and acquired Momentive for $3.1 billion.
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.
NCSOFT's Throne and Liberty to hit global market in 2024
NCSOFT is preparing to launch its role-playing game (RPG) Throne and Liberty (TL), Dec. 7. The company said Wednesday that the global market was considered from the beginning of the game's development and that it will launch internationally next year in partnership with global publisher Amazon Games.
NCSOFT forges partnership with Sony
NCSOFT CEO and founder Kim Taek-jin, left, poses with Jim Ryan, CEO of Sony Interactive Entertainment (SIE), during a partnership signing event in this photo provided by the Korean game company, Wednesday. NCSOFT said the two companies forged a strategic partnership to strengthen global business including the mobile sector. Courtesy of NCSOFT
Hancom challenges MS with AI assistant
Hancom will launch the AI-powered intelligence document creation tool Hancom Assistant in 2024 in a bid to catch up with Microsoft in the global market, according to CEO of the local software company, Tuesday.
Samsung Biologics surpasses 3 tril. won in annual orders for 1st time
Samsung Biologics has surpassed 3 trillion won ($2.3 billion) in accumulated annual orders with its contract development and manufacturing organization (CDMO) drug manufacturing business thanks to a recent large-scale contract with an Asia-based pharmaceutical company, according to the drugmaker, Tuesday.