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Fri, December 9, 2022 | 18:30
Lotte makes moves to save cash-strapped construction unit
Lotte Group's affiliates poured a combined 1 trillion won ($733 million) over the past three weeks into the group's construction unit, which has faced financial risks stemming from worsening investor sentiment amid interest rate hikes and a default in project financing for the construction of the Legoland Korea Resort in Gangwon Province. Concerns have therefore grown further...
| 2022-11-09 16:57
Is Legoland Korea struggling with public relations?
The Legoland Korea Resort, which replaced its British divisional director with a Korean earlier this month, has also recruited a communications director and hired a new public relations (PR) agency recently. This series of staffing changes by the Lego-themed amusement park's operator is regarded as part of its efforts to cope with the ongoing negative media coverage of the co...
| 2022-11-09 16:53
[INTERVIEW] 'Working moms don't need to be superwomen'
Galderma Korea General Manager Kim Youn-hee, who began her career as a saleswoman for the foreign pharmaceutical firm MSD in the early 2000s, seems like the very person who lives up to the word “superwoman,” at first glance. At the time she started working, it was difficult to find women working in sales in Korea's pharmaceutical industry. However, she proved herself by winni...
| 2022-11-09 10:01
LG Display unveils world's 1st high-resolution stretchable display
LG Display unveiled the world's first 12-inch high-resolution stretchable display equipped with a free-form technology that enables it to be extended, folded and twisted without distortion or damage, the company said Tuesday.
| 2022-11-08 15:58
Elon Musk's Twitter Korea layoffs may be violation of labor law
Elon Musk firing nearly half of Twitter's staff globally, including several employees of the U.S. firm's Korean office, could be in violation of the Korean Labor Standards Act, according to legal experts, Tuesday. After the new Twitter owner decided to carry out mass layoffs last weekend, at least eight among some 30 employees of Twitter Korea are said to have been forced to ...
| 2022-11-08 15:15
Novelis breaks ground for aluminum recycling center in Ulsan
Novelis, the world's leading company in aluminum rolling and recycling, broke ground on a $53 million aluminum recycling center in Ulsan, Monday, with the aim of reducing its carbon emissions by more than 420,000 tons annually through the new facility to produce 100,000 tons of low-carbon sheet ingot annually.
| 2022-11-08 11:41
Shipbuilders hit by delayed entry of Vietnamese welders
Shipbuilders might have to pay significant amounts of money to their clients in compensation for late vessel deliveries, due to the indefinite delay of the arrival of some 1,100 Vietnamese welders in Korea originally planned for the fourth quarter, according to industry officials, Monday. The shipbuilding welders are reportedly being reviewed by the Vietnamese authorities, as...
| 2022-11-07 16:53
COVID vaccine pass app developer launches world's 1st decentralized instant messenger
Blockchain Labs, the developer of the world's first COVID-19 vaccine pass app, COOV, held a press conference on Monday to announce its launch of the world's first decentralized instant messenger app, Blockchat.
| 2022-11-07 14:57
Hyundai Glovis to reuse EV batteries for ESS business
Hyundai Glovis signed a memorandum of understanding (MOU) last Friday with Korea Hydro & Nuclear Power, Sinan County and LS Electric to develop power grid models using new and renewable energies, so as to fulfill carbon neutrality pledges and enhance utilization efficiency.
| 2022-11-07 13:45
[INTERVIEW] Platform economy to sustain solid growth after COVID-19: McKinsey
The COVID-19 pandemic has significantly changed the working environment of most companies locally and globally, prompting employers to adopt work-from-home systems in order to protect their employees from infection and maintain smooth operations. Tech firms providing IT platforms were among the main beneficiaries of the new trend of remote working, as they have earned handsom...
| 2022-11-07 08:21
LG releases electronic face mask in Korea
South Korea warns of NK IT workers operating under false identities
Korea to scrap local age counting system from next year
British peacemaker presents idea to break stalemate in Korea
Samsung denies report claiming new executive VPs had to be younger than chairman
Hanssem becomes another headache for Lotte
Eased COVID lockdowns in China raise hope for sluggish Korean exports
Health ministry to review 'Mooncare,' adopt stricter measures for foreign dependents
Sales of sterilized milk soar amid price hikes
'Korea-developed APR1400 Shin Hanul provides stable power source'
[PHOTOS] World Cup 2022 Korea vs Brazil
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