Corporate Newsroom

Corporate Newsroom

#KAMA
S. Korean auto association chief discusses U.S. law on EV credits with U.S. auto lobby head
SEOUL, Sept. 14 (Yonhap) -- The chief of South Korea's auto industry association has met with the head of a major U.S. auto lobby and relayed concerns over the new U.S. law that excludes Korean-mad... Corporate Newsroom 17:40 Sep. 14
#IKEA Korea
IKEA's sales in S. Korea down for first time in 8 years
By Kang Jae-eun GWANGMYEONG, South Korea, Sept. 14 (Yonhap) -- IKEA Korea said Wednesday its sales fell 10 percent in this fiscal year in the first decline after entering South Korea in 2014 as mor... Corporate Newsroom 16:03 Sep. 14
#Samsung Electronics
Samsung's Lee not to attend trial due to business trip abroad related article
SEOUL, Sept. 14 (Yonhap) -- Samsung Electronics said Wednesday its Vice Chairman Lee Jae-yong will skip attending his trial this week as he continues to visit Samsung's overseas operation sites and... Corporate Newsroom 15:20 Sep. 14
#steel industry
(LEAD) S. Korea sets up task force to support typhoon-hit steel industry related article
(ATTN: ADDS more details, comments in paras 4-7, 9-12) SEOUL, Sept. 14 (Yonhap) -- The industry ministry said Wednesday it will run a task force to support steelmakers with post-typhoon recovery wo... Corporate Newsroom 13:55 Sep. 14
#SK Group
SK to spend 73 tln won by 2023 to boost domestic production facilities
By Kim Seung-yeon SEOUL, Sept. 14 (Yonhap) -- SK Group, South Korea's second-largest conglomerate by assets, said Thursday it will spend 73 trillion won (US$52.4 billion) by 2023 to boost its dome... Corporate Newsroom 13:09 Sep. 14
#KSOE
Shipyard KSOE bags 331.8 bln-won order for 2 vehicle carriers
SEOUL, Sept. 14 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE), a major South Korean shipyard, said Wednesday it has clinched a 331.8 billion-won (US$239 million) order to build t... Corporate Newsroom 11:23 Sep. 14
#Hyundai Glovis
Hyundai Glovis wins 2.2 tln-won vehicle delivery deal
SEOUL, Sept. 14 (Yonhap) -- Hyundai Glovis Co., the logistics unit of Hyundai Motor Group, said Wednesday it has received a record 2.2 trillion-won (US$1.6 billion) vehicle delivery deal from a glo... Corporate Newsroom 10:24 Sep. 14
#Apple
Apple to open 4th retail store in S. Korea this month related article
SEOUL, Sept. 14 (Yonhap) -- U.S. tech giant Apple Inc. said Wednesday it plans to open its fourth retail store in South Korea later this month, expanding its presence in the country to compete with... Corporate Newsroom 10:06 Sep. 14
#steel industry
S. Korea sets up task force to support typhoon-hit steel industry related article
SEOUL, Sept. 14 (Yonhap) -- The industry ministry said Wednesday it will run a task force to support steelmakers with post-typhoon recovery work and to check the supply situation of steel products ... Corporate Newsroom 09:58 Sep. 14
#SK Telecom
SK Telecom, Hanwha UAM consortium partners with Jeju Province for air taxi project related article
SEOUL, Sept. 14 (Yonhap) -- An urban air mobility (UAM) consortium led by SK Telecom Co. and Hanwha Systems Co. said Wednesday it has partnered with the Jeju Special Self-Governing Province to laun... Corporate Newsroom 09:46 Sep. 14
#Inflation Reduction Act
S. Korea, U.S. to hold working-level talks on EV tax credits related article
SEOUL, Sept. 13 (Yonhap) -- South Korea and the United States will hold working-level talks this week on ways to minimize impacts the U.S.' Inflation Reduction Act (IRA) would have on South Korean ... Corporate Newsroom 16:15 Sep. 13
#Coupang
E-commerce giant Coupang denies rumors over sale of online food delivery platform related article
SEOUL, Sept. 13 (Yonhap) -- South Korean e-commerce giant Coupang Inc. on Tuesday denied rumors that it is selling its online food delivery platform Coupang Eats. "The rumors about the sale of C... Corporate Newsroom 15:26 Sep. 13
#card issuers
Card issuers' combined net profit up 8.7 pct amid improving consumer sentiment
SEOUL, Sept. 13 (Yonhap) -- Credit card companies in South Korea saw their combined net profit grow 8.7 percent in the first half of this year amid rebounding consumption from the coronavirus pande... Corporate Newsroom 12:00 Sep. 13
#POSCO
POSCO restarts all typhoon-hit blast furnaces in Pohang
SEOUL, Sept. 13 (Yonhap) -- South Korean steel giant POSCO said Tuesday that its three blast furnaces are back in operation, about a week after the shutdown of the facilities over Typhoon Hinnamnor... Corporate Newsroom 11:40 Sep. 13
#LG Electronics
LG selects 9 startups for future growth engine related article
SEOUL, Sept. 13 (Yonhap) -- LG Electronics Inc. said Tuesday it has chosen nine startups that could lead the tech company's future growth in digital health, metaverse and electric mobility. LG's... Corporate Newsroom 11:01 Sep. 13
#exports
(LEAD) Exports down, trade deficit widens during first 10 days of Sept.
(ATTN: ADDS more details in paras 4-5, 8-16; RECASTS headline, lead to highlight trade deficit) SEOUL, Sept. 13 (Yonhap) -- South Korea's exports fell 16.6 percent on-year in the first 10 days of S... Corporate Newsroom 10:23 Sep. 13
#exports
Exports down 16.6 pct during first 10 days of September
SEOUL, Sept. 13 (Yonhap) -- South Korea's exports fell 16.6 percent on-year in the first 10 days of September due mainly to fewer working days over the Chuseok holiday, data showed Tuesday. The ... Corporate Newsroom 09:23 Sep. 13
#chip alliance
Participation in U.S.-led tech alliance 'rational' decision for S. Korea: think tank related article
SEOUL, Sept. 13 (Yonhap) -- South Korea's participation in an envisioned tech alliance led by the United States would be a "rational" decision for the country amid the intensifying competition for ... Corporate Newsroom 09:22 Sep. 13
#SK hynix
SK hynix to run overseas working program for employees related article
SEOUL, Sept. 13 (Yonhap) -- SK hynix Inc. said Tuesday it will start an overseas working and training program to help its employees have a broader perspective of the global semiconductor industry. ... Corporate Newsroom 09:04 Sep. 13
#POSCO
POSCO expects to restart typhoon-hit blast furnaces this week
SEOUL, Sept. 12 (Yonhap) -- South Korean steel giant POSCO said Monday it expects to be able to put three blast furnaces back in operation this week, about a week after the shutdown of the structur... Corporate Newsroom 14:15 Sep. 12