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Dongwon Group Vice Chairman Kim Nam-jung, second son of the group's founder and honorary chairman Kim Jae-chul, was promoted to chairman at the group's board meeting held Thursday. Kim’s promotion fills the position which had been vacant for five years since the retirement of the honorary chairma...
Food delivery app owner Woowa Brothers posted a 84 percent on-year jump in net profit last year, allowing over 400 billion won ($297 million) in dividends to its German parent, Delivery Hero. Woowa Brothers' net profit soared to 506.2 billion won in 2023 from 275.8 billion won a year earlier helpe...
Taihan Cable & Solution, South Korea's second-biggest cable company, said Friday it has obtained a $82 million power grid replacement deal in the United States. With the latest order, Taihan Cable has already received $140 million worth of power grid contracts in the US in the first three months o...
South Korean shipbuilder HD Hyundai Heavy Industries said Friday it has received a $463 million order in Peru to jointly build four warships with a local shipyard by 2029. Peru's state-owned shipbuilder SIMA Peru S.A. placed the order for joint production of one 3,400-ton frigate, one 2,200-ton de...
KT&G's Senior Executive Vice President Bang Kyung-man has cleared the final hurdle to become the company's CEO by winning shareholders approval Thursday, marking the cigarette maker's first leadership change in nine years. The decision was made at the company’s 37th annual general meeting of shar...
Korean battery material and chemical company Posco Future M has been recognized by Fortune Asia as one of the top 30 most innovative companies in Asia, set to drive future growth, the company said on Thursday. The 2024 Fortune Asia Future 30 award was presented at the Fortune Innovation Forum in H...
The EV9 is equipped with a 99.8 kilowatt-hours battery that can drive up to 501 kilometers on a single charge. It also features 400-volt and 800-volt ultra-fast charging systems and vehicle-to-load technology that uses the car’s stored energy to power the dead batteries of external devices. The l...
Volkswagen Group Korea on Thursday appointed Steve Cloete to become the next head of Audi Korea as the German automaker looks for a breakthrough to turn around ailing sales in the local market. According to the announcement, Cloete will begin this new post at Audi Korea starting May 1. The new chi...
Hyundai Engineering & Construction said Thursday that it has started pre-sales of the remaining properties of Hillstate the Unjeong, a mixed residential and commercial apartment complex located in Paju, Gyeonggi Province. The complex comprises a total of 13 49-story buildings, offering a total of ...
Shareholders of KT&G, South Korea's dominant cigarette maker, were set to vote on whether to approve the nomination of a new chief executive Thursday. Endorsing a new chief executive, which would mark KT&G's first leadership change in nine years, and an outside director are the two main agenda ite...
LG Group unveiled a plan Wednesday to invest 100 trillion won ($74.3 billion) in South Korea by 2028 as it seeks to secure technological competitiveness and expand new growth engines. The announcement was made during the regular shareholders meeting of its holding company LG Corp., held at the Seo...
HD Hyundai Chair Kwon Oh-gap and top executives convened Wednesday for a luncheon with foreign national workers at an Ulsan work site, pledging enduring support for their welfare. The gathering, held at a VIP restaurant within the HD Hyundai Heavy Industries headquarters, included a total of 42 fo...
South Korean e-commerce firm Coupang on Wednesday pledged to invest 3 trillion won ($2.23 billion) over the next three years to expand its signature Rocket Delivery service nationwide by 2027. The company's logistics network is expected to be drastically expanded, with eight new fulfillment center...
The creation of 80,000 jobs comes in three categories: promoting future businesses, strengthening existing businesses and their competitiveness and rehiring experienced staff. About 44,000 people will be hired for the future business sector which includes EV transition, software-defined vehicles, ...
NCSoft, a major South Korean online and mobile game developer, said Wednesday it has joined hands with Google Cloud in improving artificial intelligence (AI) and cloud computing capabilities. In a meeting at the Google headquarters in the United States, the two companies discussed ways to apply AI...
Korea’s top finance firms put aside W1.7tr for Hong Kong-tied ELS compensation
Samsung mobile chief, Google device head meet in Seoul
Posco Future M, Honda to launch battery materials venture in Canada
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
Experts raise concerns about Japan putting pressure on Naver over Line
SK hynix profits soar on AI chip boom