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Thu, January 27, 2022 | 18:08

AMCHAM leader sees tennis starting K-sports wave

Two things become apparent for anyone who spends time around me; I am passionate about AMCHAM, and I love tennis. For AMCHAM, it is pretty simple: I want to see all of our member companies succeed in Korea and the United States. The unprecedented growth we saw in 2021 is a testament to the value of the AMCHAM staff, Board of Governors, and Committee Co-Chairs. They have contr...

2022-01-27 18:06

Samsung chief expected to head to Europe during Lunar New Year holidays

Samsung Electronics Vice Chairman Lee Jae-yong is expected to travel to Europe for business purposes during the Lunar New Year holiday to enhance cooperation in the semiconductor business as well as pursue possible M&A opportunities.

Kim Hyun-bin | 2022-01-27 17:39

POSCO's restructuring plan angers Pohang residents

POSCO is facing a severe backlash from residents and politicians in its home city of Pohang, North Gyeongsang Province, over its plan to set up a holding company in Seoul, while spinning off a subsidiary in charge of its successful steelmaking business.

Park Jae-hyuk | 2022-01-27 16:46

Lotte takes big leap forward with future-oriented investments

Lotte is taking measures to strengthen its future competitiveness through long-term investments and pursuing new businesses. Lotte Group Chairman Shin Dong-bin emphasized in his New Year's address the importance of investments for future growth, saying, "It is meaningless to only produce short-term results without investing in brands, design, and IT."

2022-01-27 15:31

EcoProBM under investigation on suspicion of insider trading

EcoProBM confirmed the news that Lee Dong-chae, chairman of its parent firm EcoPro, and several executives of its affiliates are under investigation on suspicion of insider trading.

Park Jae-hyuk | 2022-01-27 15:13

Hyundai Motor, Kia appoint new chief safety officers

In a move to respond proactively to the country's strengthened regulations against industrial accidents, Hyundai Motor and Kia have each created new chief safety officer (CSO) positions within their corporate structures, giving the new executives control over the companies' safety-related initiatives.

Anna J. Park | 2022-01-27 12:18

Naver 2021 net profit surges 20-fold amid pandemic

Korea's top internet portal operator, Naver, said Thursday its net profit jumped nearly 20 times in 2021 from the previous year on the back of the non-contact trend amid the COVID-19 pandemic.

2022-01-27 11:29

Samsung Electronics' operating profit up 53.3% in Q4

Samsung Electronics' operating profit was up 53.3 percent in the fourth quarter of 2021 driven by record annual sales, the company said in a regulatory filing Thursday.

2022-01-27 09:50

KCCI chairman to conduct first major reshuffle

The Korea Chamber of Commerce & Industries (KCCI) Chairman Chey Tae-won is expected to conduct the first sweeping personnel reshuffle at the nation's largest business lobby group since he took office in February last year, according to people familiar with the matter Wednesday. The reshuffle is scheduled to take place soon after the Lunar New Year holiday.

Kim Hyun-bin | 2022-01-27 09:05

CJ Logistics delivery workers' strike spreads to Lotte, Hanjin

The CJ Logistics delivery workers' union has requested delivery workers at Lotte Global Logistics, Hanjin Transportation and other logistics firms to join their ongoing strike, according to union officials, Wednesday.

Kim Jae-heun | 2022-01-26 17:47

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