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Chairman Chung Eui-sun of Hyundai Motor Group. (Photos: Hyundai Motor Group)Hyundai Motor saw Q1 sales and operating profit rise despite uncertainties such as vehicular chip shortages and parts supply-demand imbalances, launched by China. At a conference call at Hyundai Motor headquarters in Se…
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A bird’s eye-view of “VL Osiria,” a first silver town under the brand VL, to be built in Gijang, Busan. (Photo: Lotte Hotel)Lotte Group, setting the silver industry as its future growth engine, is stepping on the gas to explore the silver market. Lotte Hotel will be the industry’s first com…
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CJ Cheiljedang achieved its best-ever quarterly business performance on the back of the growth of its global business. CJ Cheiljedang posted 4,318.6 billion won in sales, excluding those of CJ Logistics, in the first quarter of this year, the company said on May 9. The figure represents a …
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Dongwon Group will be restructured, with Dongwon Industries emerging as the new holding company of the group. Dongwon Group submitted to the Korea Exchange on May 7 an application to have the listed Dongwon Industries absorb the unlisted Dongwon Enterprise, the current holding company of the group.&…
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An image of cacao chocolate products, released by Lotte Confectionery. (Photos: Lotte Confectionery)Global renowned scholars revealed diverse and affluent effects of Cacao. Cacao’s polyphenols has become the subject of concern among consumers from a long time ago. A recent report, citing the U…
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Crew members wash Boeing 747-8i aircraft at Korean Air’s hangar as the airliner is preparing for a rise in passengers who make overseas trips. Korean Air achieved its best-ever operating profit in the first quarter of this year by meeting rising flight transportation demand amid supply chain i…
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CEO Yang Dong-gi of Hyosung Heavy Industries. (Photo: Hyosung Heavy Industries)GalaxiaMoneytree, an IT subsidiary of Hyosung Group, inaugurated “GalaxiaNext.” The newly inaugurated corporate entity is planning its detailed business direction, but it is predicted to implement a new business re…
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At a meeting of reporters on the occasion of the 10th anniversary of the launch of Luxteel, Dongkuk Steel Vice Chairman Jang Sae-wook announces the new strategy, dubbed “DK Color Vision 2030.” (Photo: Dongkuk Steel)Dongkuk Steel’s decision to focus on premium brand strategies, rather than competi…
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Economic organization heads had a meeting with Prime Minister Kim Boo-kyum in which they asked for the government’s clemency for businessmen, at the Korea Chamber of Commerce and Industry (KCCI) Building in Seoul last June 3. Shown here (from left) are Chairman Christopher Koo of the Korea Internat…
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<LS일렉트릭이 5월 17일 서울 용산구 LS용산타워에서 트러스톤자산운용과 ‘신재생발전사업 공동개발 및 파트너십 구축을 위한 사업협력협약’을 체결했다. 사진은 협약 체결 후 김종우 LS일렉트릭 사장(오른쪽)과 황성택 트러스톤자산운용 대표(왼쪽)이 협약서를 교환하며 악수하고 있는 모습>LS ELECTRIC(일렉트릭)…
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Chairman Kown Oh-gap of HD Hyundai Group. (Photos: HD Hyundai Group)HD Hyundai Heavy Industries has decided to bring HD Hyundai Mipo (HMD) into its corporate structure fold. HD Hyundai Heavy Industries said on Aug. 27 the shipbuilder will effectively…
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Acting KPX President Kim Hong-keun. (Photos: KPX)The nation’s power demand soared to 96 GW at 6 p.m. on Aug. 25, renewing the highest-ever peak power demand one this summer, Korea Power Exchange (KPX) said. A sultry spell, which started earlier…
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Dignitaries, including President Kwon Myung-ho of Korea East-West Power Co. (EWP), Gyeongsangbuk-do Vice gov. Yang Kum-hee and Acting Yeongju Mayor Yoo Jeong-geun, participate in a deal on joint cooperation and investment in a 1.2 trillion won projec…
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President Kim Dong-cheol of Korea Electric Power Corp. (Photos: KEPCO)Korea Electric Power Corp. (KEPCO) and MR (Maschinenfabrik Reinhausen) of Germany joined forces to explore new global markets by utilizing the former’s Substation Equipment Diagno…
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