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Vice Chairman Shin Dong-won of Nongshim Group. (Photos: Nongshim) With the global economic downturn expected to accelerate due to the spread of the novel coronavirus, Korean food companies are forced to make changes in their strategies. Nongshim, the nation’s No. 1 instant noodle maker, plans to ra…
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An image shot of Korean red ginseng.As fears over the spread of the novel coronavirus spread around the world, countries are devoting themselves to overcoming hardships caused by the virus. On top of state-led efforts, individuals are paying more attention to their personal hygiene, such as wearing …
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POSCO Chairman Choi Jeong-woo. POSCO held the 2nd INNOVILT brand committee meeting on April 28 and put 27 products under the brand “INNOVILT,” POSCO’s premium brand for steel products for construction. The items totaled 50 products from 31 companies, including 23 selected in the first quarter of …
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An aerial view of Samsung Electronics’ Pyeongtaek Campus. (Photos: Samsung Electronics)Samsung Electronics plans to build a new foundry production line-up in Pyeongtaek, Gyeonggi-do to satisfy rising global demand for state-of-the-art extreme ultraviolet (EUV) solutions. The step will enable Samsun…
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Hyundai Motor Group Executive Vice Chairman Chung Ui-sun and Hankook Technology Group Vice Chairman Cho Hyun-shik shakes hands after signing a deal to build a driving center, named the HMG Driving Experience Center, at a ceremony at the group headquarters in Yangjae-dong, Seoul, on June 17. (Photo: …
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LG Chem Vice Chairman Shin Hak-cheol receives a briefing on the EV battery pack housing as he tours Dongshin Motech located in Haman,Gyeongsangnam-do. LG Chem plans to focus on the new material business OLED and EV batteries.LG Chem is tying loose ends in the disposal of a major business in the LCD …
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Lotte Group Chairman Shin Dong-bin looks at a coding examiner as he toured a smart factory of Lotte Chilsung Beverage Co. on June 3. (Photos: Lotte Group)Lotte Group Chairman Shin Dong-bin toured a production line at Lotte Chilsung Beverage Co., which celebrated its 70th anniversary last month. Chai…
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Chairman Lee Jay-hyun of CJ Group. (Photos: CJ Group)CJ Cheiljedang has released the next-generation natural seasoning brand TasteNrich. TasteNrich is a fully natural flavoring made with the fermentation of sugar cane and other vegetable ingredients. CJ Cheiljedang’s new natural seasoning is consid…
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A view of IOPE Lab in Myeongdong, downtown Seoul, which is run by Amorepacific. (Photos: Amorepacific)IOPE Lab in Myeongdong, downtown Seoul, which is run by Amorepacific, was opened on May 6 after it underwent a renovation. Advanced instruments of IOPE LAB have already measured and diagnosed skin c…
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Hanwha Group Executive Vice President Kim Dong-kwan. (Photos: Hanwha Group)Hanwha Group has secured a foothold to enter the U.S. hydrogen business. The successful listing of Nikola Motor, a U.S. hydrogen truck producer in which Hanwha Energy and Hanwha General Chemical Co. invested, may raise the ch…
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Shinhan Financial Group holds its 2025 Second Half Management Forum with Jin Ok-dong, Chairman of Shinhan Financial Group, presideding over the forum at Shinhan Bank's Blue Campus in Yongin, Gyeonggi-do, on July 1. (Photo : Shinhan Financial Group)Sh…
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Chairman Yang Jong-hee presides over the 2025 Second Half KB Financial Group Management Workshop on July 11-12. (Photo: KB Financial Group)KB Financial Group announced its first half 2025 business results via live internet and mobile broadcast on Jul…
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Chairman Ham Young-joo of Hana Financial Group. (Photos: Hana Financial Group)Hana Financial Group reported consolidated net income of 2.301 trillion won for the first half of 2025, including 1.1733 trillion won for the second quarter of 2025.This re…
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President Kang Tae-young of NongHyup Bank. (Photos: NongHyup Bank)NongHyup Bank began operating a generative AI platform on July 4, which will be applied across its entire business process, the bank announced on July 7.The platform is NongHyup Bank’…
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