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Chmn. Lee Jay-hyun of CJ Group, a member of an economic delegation who accompanied President Lee Jae-myung on a Korea-U.S. summit, poses with other delegates prior to the “Korea-U.S. Business Roundtable” at Willard InterContinental Washington in Washington DC on Aug. 26. They are (from left) Chmn.…
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David Kim, CEO of LG Energy Solution. (Photos: LG Energy Solution)LG Energy Solution has struck a contract to supply EV batteries worth an estimated some 15 trillion won to Mercedes-Benz. The deal involves an over 100GWh huge capacity. The latest winning order came some one year after the compa…
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Korean Air struck an MOU to buy 103 next-generation, high-efficiency passenger aircraft and revealed a plan to purchase 19 reserve engines and sign a maintenance service contract at Willard InterContinental Washington in Washington DC on Aug. 26. Among those on hand at the signing ceremony are (from…
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Chairman Kim Nam-jung of Dongwon Group has a meeting with General Secretary To Lam of the Communist Party of Vietnam, who toured Dongwon Global Terminal (DGT) in Busan New Port on Aug. 13. (Photos: Dongwon Group)Chairman Kim Nam-jung of Dongwon Group met with General Secretary To Lam of the Communis…
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Dignitaries, including Deputy Prime Minister-MOEF Minister Koo Yun-cheol, Chmn. Chey Tae-won of the Chamber of Commerce and Industry, Minister of Employment and Labor Kim Young-hoon, and Vice Minister Moon Shin-hak of the Ministry of Trade, Industry and Energy, attend a ceremony to inaugurate the Co…
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A whole view of Samsung Electronics’ foundry No.1 plant in Austin, Texas. As Samsung Electronics struck a series of mega contracts with global tech companies, such as Tesla and Apple, business circles are forecasting that the Korean electronics giant’s scale of investments into the U.S. semic…
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The U.S. auto journal Automotive News announced winners of Automotive News Centennial Award — Hyundai Motor Group Executive Chair Chung Eui-sun, Founding Chairman Chung Ju-yung, and Honorary Chairman Chung Mong-koo, in recognition for their outstanding contributions to the global automotive in…
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LG Chem Vice Chairman & CEO Shin Hak-cheol. (Photos: LG Chem)LG Chem and Toyota Group are joining forces to step up their cathode materials market strategy. LG Chem announced on Sept. 9 that Toyota Tsusho Corporation had acquired a 25% stake in LG-HY BCM, the company’s cathode materials pl…
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Chairman Sohn Kyung-shik of Korea Enterprises Federation (KEF) demands the halt of a bill to enact the controversial “Yellow Envelope Act” at a meeting with reporters at the KEF Building in Mapo-gu, Seoul, on July 31. (Photo: KEF)The President Lee Jae-myung government has intensified its labor-fri…
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Prime Minister Kim Min-seok delivers a key-note speech at the 48th KCCI Summer Forum, which took place at Lahan Select Gyeongju on July 16.Chairman Chey Tae-won of the Korea Chamber of Commerce and Industry gives a lecture at the 48th KCCI Summer Forum. (Photos: KCCI)Chairman Chey Tae-won of the Kor…
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A 380MW gas turbine developed and produced by Doosan Enerbility. (Photo: Doosan Enerbility)On October 13, Doosan Enerbility announced that it had signed an agreement with a prominent U.S. technology company to provide two units of Doosan’s 380MW gas…
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HD Hyundai Oil Bank supplies sustainable aviation fuel (SAF) to Korean Air’s international flights to Japan. To the refinery, it is the first entry to the Korean SAF market. HD Hyundai Oil Bank said on Sept. 22 the refinery struck a contract wi…
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Jang Si-ho, head of KPX Jeju Headquarters poses with Suh Yong-seok, chief of KIER’s Jeju Global Research Center as the two institutions struck an MOU on joint research and commercialization of new energy industries and demand management technologies…
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Chairman Kim Seung-youn of Hanwha Business Group. (Photos: Hanwha Group)Hanwha celebrated the 73rd anniversary on Oct. 9. In his commemorative speech, Chmn. Kim Seung-youn of Hanwha Group said, “Our goal now is to be a global leader, and we hav…
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