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Chairman Christopher Koo of Korea International Trade Association (KITA). (Photo: KITA)Korea International Trade Association (KITA) hosted a webinar on the practical use of the Regional Comprehensive Economic Partnership (RCEP), a multilateral trade agreement in the Asia and Pacific area, in coopera…
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Hyundai Motor achieved a 21.9 percent year-on-year jump in operating profit during the fourth quarter of 2021 on the back of improving product mix and the favorable effects of foreign currencies.Hyundai Motor announced its business performance for the quarter in a business conference call at Hyundai…
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Chairman Shin Dong-bin of Lotte Group., Kim Kyo-hyun, head of Lotte Group’s Chemical Business Unit, and other CEOs of the group’s subsidiaries, attend the Value Creation Meeting (VCM) at the Lotte Manpower Development Institute in Osan, Gyeonggi-do, on Jan. 20. (Photos: Lotte Group)Lotte Group hel…
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Chairman Lee Jay-hyun of CJ Group. (Photos: CJ Cheiljedang)CJ Cheiljedang topped 15 trillion in sales last year for the first time on the back of the global K-food craze and new businesses. The food company renewed its best-ever business results for the 11th consecutive year. In an electronic f…
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Amorepacific Group Chairman Suh Kyung-bae. (Photos: Amorepacific Group)Amorepacific Group chalked up 5,326.1 billion won in sales and 356.2 billion won in operating profit last year on a consolidated basis. The figures represent an 8 percent rise in sales and a 136.4 percent jump in operating p…
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President Jeon Hae-sang of Toray Advanced Materials Korea (TAK) gives his New Year’s message at a ceremony to kick off the 2022 business year at TAK headquarters in Magok, Gangseo-gu, Seoul.Toray Advanced Materials Korea (TAK) held a ceremony to kick off the 2022 business year, heralding a fresh st…
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LG Uplus President Hwang Hyun-shik delivers his New Year’s video message to his executives and staffers on Jan. 3. LG Uplus is introducing “agile project management” in earnest in the new businesses. The move may be construed as a reflection of LG Uplus President Hwang Hyun-shik’s dete…
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Daesang Corp. CEO and director Lim Jung-bae. (Photos: Daesang Corp.)Daesang Corp. President Lim Jung-bae said, “Daesang will expand businesses with a focus on growth through innovative thinking and ESG management.”President Lim delivered his New Year’s message, titled “2022, a year of making a f…
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President Kim Yang-soo of Korea Ocean Business Corporation (KOBC) attends a ceremony to sign an MOU on the development of the maritime industry with President Kim Jong-duk of Korea Maritime Institute at KOBC headquarters on Jan. 26. (Photos: KOBC)Korea Ocean Business Corporation (KOBC) will pour mor…
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Senior Executive Vice President Kim Dong-myung, head of LG Energy Solution (LGES) Advanced Automotive Battery Division speaks about a plan to invest $2.6 billion into a third EV battery plant of Ultium Cells at Lansing, Michigan, on Jan. 25.LG Energy Solution (LGES) has joined forces with GM in buil…
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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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