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Lee Kye-in, formerly president of Posco International, took office as CEO of the company, having been appointed to his new position during a board meeting at the company’s headquarters in Incheon on Monday. In his inaugural speech, Lee said, "As CEO of Posco Group's second-largest company, as wel...
Hanwha Ocean, the world's third-largest shipbuilder by order backlog, said it has received an order worth 2.4 trillion won ($1.8 billion) to build eight liquefied natural gas (LNG) ships. Hanwha Ocean will build eight LNG carriers at its shipyard on Geoje Island, 330 kilometers south of Seoul, for...
L&F, a South Korean cathode material company, said Monday it has signed a 13.19 trillion-won ($9.85 billion) deal to supply high-nickel cathodes to SK On, the battery unit of chip-to-construction conglomerate SK Group. L&F will supply 300,000 tons of high-nickel cathode materials for SK On's car b...
South Korean rechargeable battery materials company EcoPro said Monday it has invested $11 million in a stake of a nickel smelting factory in Indonesia to secure the key battery material. In the latest investment, EcoPro acquired a 9 percent stake in Green Eco Nickel operated by China's battery ma...
Korean Air Chair and CEO Walter Cho secured his position as a board member of the national flag carrier and pledged to steer the company toward successful integration with Asiana Airlines this year, marking a leap toward establishing a megacarrier. Cho received an 85 percent endorsement from parti...
SK Group Chairman Chey Tae-won was elected to head the Korea Chamber of Commerce and Industry, the nation's largest business lobby, for a second term, vowing to make more policy proposals to bring about disruptive innovation across industries. Chey was sworn in as the 25th chair of the KCCI after ...
The National Pension Fund (NPF) has decided to vote in favor of a nomination for chief executive of South Korea's dominant cigarette maker, KT&G, at an upcoming shareholder meeting, according to the fund Friday. Appointing a new chief executive, which would mark KT&G's first leadership change in n...
Chang added that the group will continue to take initiatives in green transformation and hydrogen business. Born in 1955, Chang studied shipbuilding engineering at Seoul National University and received a doctorate from the Massachusetts Institute of Technology. In 1988, Chang joined Posco Group ...
HD Hyundai commemorated the 23rd anniversary of the passing of its founder, Chung Ju-yung, with a dedicated memorial event held Thursday that paid homage to his enduring legacy. The tribute took place at the HD Hyundai Global Research and Development Center in Seongnam, Gyeonggi Province, and was ...
South Korean petrochemical firm Hanwha Solutions said Thursday it has developed a proprietary ultra-high voltage cable material to meet the surging global demand for advanced power grid infrastructure. Petrochemicals, derived from petroleum or natural gas, form the basis for advanced polymers used...
SK Group Chairman Chey Tae-won on Thursday was reelected as head of the Korea Chamber of Commerce and Industry (KCCI), a major South Korean business lobby, for a second term. The KCCI held an extraordinary general meeting in Seoul and unanimously reelected Chey as the chamber's chairperson. The t...
Chang In-hwa, a seasoned veteran in the steel industry, became the chairman and CEO of Posco Group, South Korea's fifth-largest conglomerate, officials said Thursday. In a shareholders' meeting, Posco Holdings, the steelmaking group's holding company, passed a resolution to appoint Chairman Chang ...
Under the new leadership, NCSoft is set to renew and reorganize its internal operations with a focus on four strategic areas. Park wants to remove unnecessary overlaps to ensure departments work more cohesively and improve operational efficiency by making processes more transparent and accountable,...
South Korean logistics company Hanjin Logistics Corp. said Wednesday it has signed a partnership with Tuushin LLC, Mongolia's leading freight forwarding company, as a strategic move to advance its presence in Mongolia. On Tuesday, Hanjin and Tuushin inked a memorandum of understanding at Hanjin's ...
South Korea’s largest aerospace company Hanwha Aerospace said Wednesday it has been selected as a private entity to lead the nation’s next-generation space rocket project. The Public Procurement Service started the bidding process in December last year and Hanwha competed against Korea Aerospace...
Korean builders nervous about possible setbacks in Middle East
HD Hyundai chair receives honorary doctorate from HUFS
SC Bank Korea offers special interest rate for new members
Hyundai-Kia marks 40 years of partnerships with over 100 suppliers: report
Samsung expected to introduce new Exynos processor in next Galaxy series
Woori, KB ink QR code payment partnership with Cambodia