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Reporter : Kim Yoo-chul
Mon, September 20, 2021 | 14:01
[ANALYSIS] Korea sees advantages, challenges with Moderna
President Moon Jae-in's goal is to help South Korea become a global vaccine hub, and given the country's strengths in manufacturing, his ambition is, in theory, achievable and deliverable. South Korea is home to the world's two-largest memory chipmakers: Samsung and SK hynix. Because of the similarities in the complexities of semiconductor production and contract development ...
Hyundai suspends US factory operations
Hyundai Motor Group, the country's leading vehicle manufacturer, has suspended its production facilities in the United States due to the shortage of automotive semiconductors, it said Monday.
Samsung begins output of 5G RF chips
Samsung Electronics has started mass-producing radio frequency (RF) chips for use in 5G-capable telecommunications devices at its foundry chip lines in Hwaseong, Gyeonggi Province, it said in a statement, Wednesday.
Moon-Biden summit boosting Doosan Heavy shares
Investors are betting on Doosan Heavy Industries & Construction's (Doosan Heavy) transformation efforts and moves to improve its corporate soundness as the conglomerate is nearing the end of its restructuring process.
Four financial groups submit plans to acquire Citi's retail banking unit: sources
At least four local financial groups submitted their proposals to acquire Citibank Korea's consumer banking unit, sources familiar with the issue said, Tuesday.
SsangYong Motor's labor union OKs restructuring plan
Unionized workers at Ssangyong Motor have agreed to accept heavy restructuring measures after the cash-strapped automaker confirmed its intention to look for a buyer by October of this year.
Samsung, SK consider establishing new battery joint ventures
Samsung SDI and SK Innovation (SKI) are considering establishing additional joint ventures with their clients in Europe in a move to provide stable supply sources for electric vehicle (EV) batteries and maintain optimal profit margins, according to multiple industry sources, Monday. The move by the Korean firms is in line with an ongoing strategic realignment in the global ba...
BC Card decides to sell entire stake in MasterCard
BC Card has decided to sell its entire stake in MasterCard in what is believed to be a move to participate in a capital increase by K bank. Currently, the card firm is the largest shareholder of the internet-only bank with a 34 percent stake.
Hyundai's efforts to make own chips could cause client issues
The global tech and automotive industries are still reeling from a shortage of semiconductor chips, with demand for automotive chips outstripping supply. This supply-demand mismatch has directly impacted major carmakers.
ST Pharm in talks with Moderna over contract manufacturing of COVID-19 vaccine
Korean biotechnology firm, ST Pharm, is in talks with Moderna to produce messenger RNA (mRNA) COVID-19 vaccines, sources familiar with the issue told The Korea Times, Tuesday. “ST Pharm is in talks with Moderna to produce its mRNA vaccines following approval by the Ministry of Food and Drug Safety,” one source said on condition of anonymity.
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