Industry

Industry

#Hyundai Motor-US investment
Hyundai Motor buys U.S. robotics firm from Softbank for US$ 880 mln
By Choi Kyong-ae SEOUL, June 21 (Yonhap) -- Hyundai Motor Group said Monday its three affiliates and its chief have acquired a controlling stake in U.S.-based robotics firm Boston Dynamics, Inc. for... 18:03 Jun. 21
#Daewoo Shipbuilding
Daewoo Shipbuilding bags 1.1 tln won order for 6 container carriers
By Nam Kwang-sik SEOUL, June 21 (Yonhap) -- Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Monday it has inked a 1.1 trillion-won (US$1 billion) deal to build six container carriers. ... 15:38 Jun. 21
#KEPCO-electricity price
(LEAD) KEPCO maintains electricity rate in Q3 amid pandemic
(ATTN: ADDS share price at bottom) By Kang Yoon-seung SEOUL, June 21 (Yonhap) -- South Korea's state-run energy firm on Monday said it has decided to retain the electricity rate in the third quarte... 15:35 Jun. 21
#SK Bioscience-investment
(LEAD) SK Bioscience to invest 150 bln won to beef up vaccine production capacity
(ATTN: ADDS details in paras 3-4) SEOUL, June 21 (Yonhap) -- SK Bioscience Co., a major South Korean pharmaceutical firm, said Monday it plans to invest 150 billion won (US$132 million) through 202... 15:29 Jun. 21
#Samsung Display
(LEAD) Samsung Display workers launch 1st strike in company history related article
(ATTN: FIXES info in 2nd para) SEOUL, June 21 (Yonhap) -- Representatives of the labor union at Samsung Display Co. on Monday launched their first-ever strike after failing to reach a compromise on... 15:23 Jun. 21
Korea Shipbuilding wins 1.1 tln won orders for 10 ships
By Nam Kwang-sik SEOUL, June 21 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday that it has signed 1.1 trillion won (US$1 billion) of deals to build 10 ships. Unde... 15:17 Jun. 21
#SK Bioscience-investment
SK Bioscience to invest 150 bln won to beef up vaccine production capacity
SEOUL, June 21 (Yonhap) -- SK Bioscience Co., a major South Korean pharmaceutical firm, said Monday it plans to invest 150 billion won (US$132 million) through 2024 to expand its production capacit... 14:26 Jun. 21
#Samsung Display
Samsung Display workers launch 1st strike in company history related article
SEOUL, June 21 (Yonhap) -- Representatives of the labor union at Samsung Display Co. on Monday launched their first-ever strike after failing to reach a compromise on a wage hike, and the walkout ma... 14:13 Jun. 21
#cosmetics trade
S. Korea becomes world's 3rd-largest cosmetics exporter in 2020
SEOUL, June 21 (Yonhap) -- South Korea became the world's third-largest exporter of cosmetics products in 2020 with its trade balance in the sector remaining in the black for nine straight years, g... 13:51 Jun. 21
#Hyosung
Hyosung, Linde break ground on liquid hydrogen production facility
SEOUL, June 21 (Yonhap) -- A joint venture between South Korean machinery firm Hyosung Heavy Industries Co. and German chemical company Linde Group broke ground on a liquid hydrogen manufacturing f... 11:11 Jun. 21
#Samsung
Samsung launches upgraded Odyssey gaming monitors related article
SEOUL, June 21 (Yonhap) -- Samsung Electronics Co. on Monday announced the global launch of its upgraded gaming monitors as the South Korean tech giant tries to boost sales amid the stay-at-home tr... 11:00 Jun. 21
#consumers
(LEAD) Nearly 80 pct of S. Korean consumers increase online shopping amid pandemic
(ATTN: ADDS related data in last 4 paras) SEOUL, June 21 (Yonhap) -- Nearly 8 out of 10 South Korean consumers have increased their online shopping during the coronavirus pandemic, a poll showed Mo... 10:00 Jun. 21
#LG Electronics
LG, Magna in final phase to launch EV powertrain joint venture related article
SEOUL, June 21 (Yonhap) -- LG Electronics Inc. and Canadian auto parts maker Magna International Inc. are in the final phase of launching their electric vehicle (EV) powertrain joint venture next m... 09:40 Jun. 21
Over 40 pct of S. Korean firms plan to hire interns in H2: poll
SEOUL, June 21 (Yonhap) -- More than 4 out of 10 South Korean companies plan to employ interns during the second half of the year mainly for the purpose of covering manpower shortages, a poll showe... 09:30 Jun. 21
#consumers
Nearly 80 pct of S. Korean consumers increase online shopping amid pandemic
SEOUL, June 21 (Yonhap) -- Nearly 8 out of 10 South Korean consumers have increased their online shopping during the coronavirus pandemic, a poll showed Monday. The survey of 1,000 local consume... 08:35 Jun. 21
#KEPCO-electricity price
KEPCO maintains electricity rate in Q3 amid pandemic
By Kang Yoon-seung SEOUL, June 21 (Yonhap) -- South Korea's state-run energy firm on Monday said it has decided to retain the electricity rate in the third quarter of 2021, in a bid to ease the fin... 08:25 Jun. 21
#Kakao-conglomerate ranking
Kakao emerges as No. 5 conglomerate in terms of market cap
SEOUL, June 20 (Yonhap) -- Kakao Corp., which operates South Korea's most popular mobile messenger Kakao Talk, emerged as the country's fifth-largest conglomerate in terms of market cap on the back... 10:36 Jun. 20
#LG Electronics
LG Electronics launches 83-inch OLED TV related article
SEOUL, June 20 (Yonhap) -- LG Electronics Inc. said Sunday it has launched an 83-inch OLED TV as the South Korean tech giant tries to beef up its presence in the premium TV market. LG's 83-inch... 10:00 Jun. 20
#foreign automakers
(News Focus) Korean units of foreign auto trio join EV race to survive
By Kim Eun-jung SEOUL, June 20 (Yonhap) -- South Korean units of three foreign carmakers are finally pivoting to a more electric future in the face of toughening competition with their Korean riva... 07:15 Jun. 20
#vaccinated people
Hotels, airlines and others offer perks to encourage inoculation
By Kim Han-joo SEOUL, June 19 (Yonhap) -- A variety of industries ranging from hotels to movie theaters and local governments are giving discounts and other promotions to vaccinated people to enco... 11:00 Jun. 19