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Reporter : Kim Yoo-chul
Mon, September 27, 2021 | 01:27
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.
[EXCLUSIVE] LGES seeks to raise $8 bil. through IPO in Q4
LG Energy Solution (LGES), the world's top-tier battery manufacturer, plans to list its shares on the domestic stock exchange in the fourth quarter of this year to raise as much as $8 billion, a source familiar with the issue told The Korea Times, Monday. “LGES plans to push for an initial public offering (IPO) in the fourth quarter of this year at the earliest. It internally...
Ohio, Texas emerge as candidates for SK-Ford battery joint venture
Two U.S. states - Ohio and Texas - are emerging as the candidates to house SK Innovation's (SKI) battery joint venture with Ford Motor, with Ohio gaining a slight edge over Texas, two sources told The Korea Times, Sunday.
LG gives awards to doctor and domestic worker for contributions to community
LG Foundation has granted its humanitarian awards to Ko Young-cho, for providing free medical services to people in need for 48 years, and to domestic worker Noh Pan-soon, for donating her life savings to underprivileged members of her local community.
LG wins recognition from Jaguar Land Rover
LG Innotek, LG Group's components affiliate, has been recognized by Jaguar Land Rover for the quality of a component it sells to the high-end automaker.
[EXCLUSIVE] SK eyeing acquisition of parts suppliers in Japan
SK Group, one of Korea's top business conglomerates, is eyeing the acquisition of component and parts suppliers in Japan, according to sources directly involved with the issue, Tuesday.
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