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The Korean government announced new measures to curb inflation ahead of the Lunar New Year holiday, including cutting price growth for fresh fruits and vegetables and postponing price hikes for electricity. With this year's four-day Lunar New Year holiday starting on Feb. 9, Finance Minister Choi ...
Pernod Ricard Korea, the local subsidiary of global wine and spirits company Pernod Ricard Group, said Tuesday that it held a special lecture on Monday to promote a sustainable culture in the bar industry. As part of the company's professional training program called "Bar World of Tomorrow," Perno...
Hyundai Motor Group plans to invest an additional 70 billion rupees ($845 million) into an automotive plant owned by General Motors in Talegaon, India, according to Indian authorities on Tuesday. According to an online post on X, formerly Twitter, uploaded by Devendra Fadnavis, deputy chief minist...
Samsung SDI, a leading South Korean lithium-ion battery manufacturer, has acquired a stake in Toronto-based Canada Nickel in a $18.5 million deal to ensure a stable supply of critical battery materials for its expanding North American operations. Announced on the Toronto Stock Exchange on Monday, ...
Oh noted that TES is looking to build a new facility in Virginia, about three times the size of the Las Vegas facility, within the first quarter, to dominate the promising market. Together, the Las Vegas site will extend its services to recycling end-of-life EV batteries in western North America a...
KEB Hana Bank said on Tuesday it will open a new overseas branch in Hungary's capital Budapest within the first quarter of this year. One of South Korea's top four commercial lenders, Hana will be the third to make inroads into the Central European country, following Shinhan Bank and Woori Bank. T...
OCI Group, a chemical, solar power and electric car battery material maker, looks to merge with drugmaker Hanmi Pharmaceutical Group, as the two entities seek business synergies to create the Korean version of Bayer, the German chemicals-to-pharmaceuticals giant. On Friday, OCI Holdings and Hanmi ...
Hanjin Logistics Corp., an affiliate of the nation’s airline-to-logistics conglomerate Hanjin Group, said Monday it has hired two global specialists as part of efforts to enhance its presence in overseas markets, especially the US and China. Rone Jeong, a China specialist, joined Hanjin in Decemb...
The National Pension Service, the world’s third-largest pension fund managing assets of around 1,000 trillion won ($757 billion), expanded its holdings in electronic parts manufacturer Samsung Electro-Mechanics, but dumped shares of IT giant Kakao in the September-December period of 2023. The fun...
SK Ecoplant, the construction arm of South Korea’s second-largest conglomerate SK Group, said Monday it will boost business ties with the US state of Nevada on electric vehicles and electronic waste recycling. SK Ecoplant CEO Park Kyung-il met with Governor of Nevada Joe Lombardo on Sunday at the...
LG Innotek, the electronic component manufacturing unit under LG Group, said Monday that it had attracted more than 60,000 visitors to its exhibition booth during the CES 2024 tech show last week, a threefold increase from a year before. “At this year’s CES, LG Innotek has positioned itself as a...
LG Chem Vice Chairman and CEO Shin Hak-cheol has been named a member of the International Business Council, part of the World Economic Forum’s annual meeting in Davos, Switzerland, the Korean chemicals firm said Monday. The WEF, also known as the Davos Forum, kicked off in Switzerland on Monday a...
Korea Water Resources, the state-run water management agency also known as K-water, joined this year’s CES, the world’s largest tech show, to support Korean startups to expand their presence in global markets. During the four-day event, K-water set up a 232-square-meter pavilion at Eureka Park, ...
The company's global business expansion was further elucidated, involving acquisitions of local food manufacturing companies in Vietnam and collaborations with European restaurant chains to introduce K-food. Factors such as population, income level, Asian food market size, the number of Korean rest...
Electric vehicles are put through over 4,000 laps on the 10.3-kilometer track, equating to roughly 48,000 kilometers, to simulate aging and ensure durability under stress. Testing the EV6 GT, Kia’s high-performance electric SUV, on this circuit proved stable performance under extreme driving cond...
CJ Olive Young's Q1 sales jump on strong overseas trade
Seoul sees further jump in cost of dining out
Metanation, Memetoon partner up for webtoon, short-form services
Woori partners with India’s Tata Motors in auto finance push
[KH Explains] Hyundai-backed Motional’s struggles deepen as Tesla eyes August robotaxi debut
Kepco to raise electricity prices as total debt soars past W200tr