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POSCO Chairman Choi Jeong-woo.POSCO Group has solidified the groundwork for the growth of the secondary battery raw material business via the largest-ever rights offering for POSCO Chemical.POSCO, the biggest shareholder of the offering, announced a vision of nurturing the secondary battery raw mate…
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A view of Samsung Electronics’ Galaxy S21 and Galaxy S21 Ultra smartphones.Samsung Electronics chalked up 236.81 trillion won in sales and 35.99 trillion won in operating profit last year. The figure represented a 2.78 percent rise and a 29.62 percent jump over the previous year, respectively. Sams…
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Hyundai Motor Group Chairman Chung Eui-sun. (Photo: Hyundai Motor Group)Despite the shock caused by the COVID-19 pandemic, Hyundai Motor’s annual sales surpassed 100 trillion won last year for the second straight year. Even though Hyundai Motor recorded negative growth, the automaker saw the portio…
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LG Chem Vice Chairman Shin Hak-cheol. (Photos: LG Chem)LG Chem chalked up more than 30 trillion won in 2020, the largest-ever yearly sales since its founding. The company also saw its operating profit surpass the 2 trillion won threshold, a nearly two-fold jump on a year-on-year basis. The battery b…
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Lotte Chemical President & CEO Kim Kyo-hyun, concurrently head of Lotte Group’s Chemical Business Unit, and Kim Yeon-sup, chief of Lotte Chemical’s ESG Management Division, pose together with others after declaring the ‘Green Promise 2030’ initiative on Feb. 2. (Photo: Lotte Chemical)Chemica…
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Chairman Lee Jay-hyun of CJ Group. CJ Cheiljedang is predicted to post more than 4 trillion won in overseas sales of processed food products last year, its best year ever in terms of sales. Even though its business performance for 2020 Q4 was not disclosed, given that the company logged more than 1 …
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Hyundai Heavy Industries Group’s Chairman Kwon Oh-gap.Hyundai Heavy Industries (HHI)’s winning orders to build five LNG carriers is imminent, business sources said. HHI was discussing a contract to build five LNG carriers for an LNG project dubbed “Project Rose,” being implemented by Nigeria, th…
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Doosan Group Chairman Park Jeong-won.Doosan Group is accelerating efforts to build three growth engine businesses to tap opportunities in the hydrogen, drone and robot sectors.Doosan Fuel Cell, Doosan Mobility Innovation and Doosan Robotics, the subsidiaries of Doosan Group, are implementing hydroge…
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A view of Amorepacific’s brand “Soluderm” skin care products, which can be both eaten and applied.Amorepacific has released the brand “Soluderm” for skin care products, which can be both eaten and applied.The Soluderm consists of two versions - “VITA Collagen Ample Program” that can be applie…
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A view of LS Cable & System’s cable plant in Egypt. (Photos: LS C&S)LS Cable & System (LS C&S) has dedicated a cable production plant in Egypt, its first one in Africa. LS C&S established LS Man Cable (LSMC), a joint venture with Egypt’s cable maker MAN, in Ramadan City near Ca…
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Chairman Ham Young-joo of Hana Financial Group. (Photo: Hana Financial Group)Hana Financial Group joined the trend of logging record-breaking first-quarter earnings, achieving its highest performance since its merger with Korea Exchange Bank (KEB) wi…
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Chairman Yang Jong-hee of KB Financial Group. (Photos: KB Financial Group)KB Financial Group logged an all-time high net profit of about 1.9 trillion won in the first quarter of this year, driven by improved outcomes in the non-banking sector. K…
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KODIT CEO Kang Seung-jun (fifth from the left) poses for a photo with participants in the NEST AI-Lab Launch Ceremony on May 8. (Photo: KODIT)Korea Credit Guarantee Fund (KODIT) announced on May 11 that it held a launch ceremony for NEST AI-Lab at NE…
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Shinhan Bank President Jung Sang-hyuk poses for a photo with officials of FTP Corp. in Hanoi,Vietnam. (Photo: Shinhan Bank)Shinhan Bank announced on April 27 that it signed business agreements with major local financial and industrial institutions by…
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