CEO William Cho of LG Electronics reiterated the company’s vision for the future as well as its strategy to strengthen business competitiveness during a press conference held especially for Korean media in Las Vegas, Nevada, the U.S. on Jan. 6.The CEO began by mentioning that, despite the uncertaint

Chairman Yoon Hong-gun of Genesis BBQ announced a drastic increase in the annual salary of new university graduates by 33% compared to the previous year, citing "Best Talent, Best Treatment, and Best Restaurant Company" as the value of management in 2023.Chairman Yoon declared on Jan. 4, "We will op

Pernod Ricard Korea, the Korean unit of the global wine and spirits company Pernod Ricard, announced that it will recruit participants of February class for its sustainable bar operation training program ‘Bar World of Tomorrow’.Pernod Ricard Korea joins hands with its wholesalers and clients to recr

POSCO Group is implementing a Carbon Capture and Storage (CCS) project in Sarawak, Malaysia. POSCO Holdings signed a memorandum of understanding (MOU) with POSCO International, POSCO E&C, and PETROS on a carbon capture and storage project using depleted oil and gas fields at the Sarawak State Govern

The Ministry of Environment notified Hyundai Oilbank that it would impose a fine of 150.9 billion won by holding it responsible for unauthorized discharge of wastewater, it was confirmed on Jan. 5.It is the highest penalty ever for violating environmental-related laws, about one-third of Hyundai Oil

Bosch will present several new sensor-based innovations for mobility – including the RideCare companion solution, which won a Best of Innovation Award from the industry association CTA, at CES 2023in Las Vegas, the U.S..The RideCare companion will play a critical part in the enhancement of safety fo

LG Electronics held its press conference, LG World Premiere, at the Mandalay Bay Convention Center in Las Vegas, Nevada, USA on Jan. 4, 2023. Under the theme of Life’s Good, CEO William Cho shared the company’s continuous efforts to create innovation for a better life and ensure a sustainable future

Trade, Industry and Energy Minister Lee Chang-yang visited the LG Chem’s Osong plant on January 3 to assess recent domestic and international bioindustry trends and discuss measures to strengthen Korea’s competitiveness.Minister Lee received a briefing from the company’s President Son Jee-woong on c

The global wine and spirits company Pernod Ricard Group announced that its premium vodka, ‘Absolut Vodka’ will move to a partially hydrogen energy-fired glass furnace as the first ever in the spirits industry to produce low-carbon glass bottles. This counts as a significant step towards carbon neutr

Samsung Electronics announced the launch of Samsung Newsroom Uzbekistan, which will serve as the official news source of Samsung Electronics for local media and consumers in the Republic of Uzbekistan, on Dec. 28, 2022.The new online newsroom will inform readers about the company’s latest news, Sams

Hyundai Motor unveiled an EV-derived, futuristic design for its new generation KONA subcompact SUV on Dec. 20. The upscaled model will be available in four variants, including all-electric (EV), hybrid electric (HEV), internal combustion engine (ICE) and sporty N Line, with a universal architecture

SK Group will unveil its “EV ecosystem”, which comprises the world’s thinnest copper foil for secondary batteries (4 ㎛) and an EV battery that drives 400 km on a single charge at the upcoming CES 2023, the group said on Dec. 29.“Mobility” has been chosen as one of the main themes at CES 2023, the wo

Media entertainment group IHQ signed a three-way memorandum of understanding (MOU) with its subsidiary Korea Rural Broadcasting Corporation and Upsky to support the promotion of Vietnamese export companies, IHQ said on Dec. 22. IHQ, which has experience in exporting content to Vietnam, through this

LG Electronics is set to introduce a new line of minimalist-design appliances, including a washer and dryer, at CES 2023. Taking a ‘back to basics’ approach, the new range focuses on the essence of each appliance, removing all unnecessary design elements to deliver a timeless, minimalist aesthetic.T

LG Chem will team up with Jae Young Tech to accelerate its entry into the North American battery recycling market. LG Chem announced on Dec. 21 that it entered an equity investment agreement worth 24 billion won with the waste battery recycling company, Jae Young Tech, at the LG Twin Towers in Yeoui

The Korea International Trade Association (KITA) organized the “Opportunities and Challenges of Digital Trade Conference 2022” at COEX in Samseong-dong on Dec. 21.Experts from international economic organizations, universities from home and abroad, research institutions, digital trade experts affili

Samsung Electronics announced the development of its 16-gigabit (Gb) DDR5 DRAM built using the industry’s first 12-nanometer (nm)-class process technology on Dec. 21, as well as the completion of product evaluation for compatibility with AMD.“Our 12nm-range DRAM will be a key enabler in driving mark

ABSOLUT, a premium vodka representing Pernod Ricard Korea, announces the launching of its new brand campaign, ‘WORLD OF ABSOLUT COCKTAILS’.The World of Absolut Cocktails is designed to inspire people who are open-minded, optimistic, and driven by curiosity of all ages 20+ and backgrounds to come tog

LG Electronics announced on Dec. 16 that it will be making an in-person return to CES®, operating a physical exhibition booth and holding its LG World Premiere press conference on the ground in Las Vegas this January. The press conference, themed ‘Life’s Good,’ is scheduled to get under way at on Ja

POSCO Holdings won the ‘Open Innovation Challenger Award’ at the 2022 CSS Awards hosted by the ICC (International Chamber of Commerce) on Dec. 6.The CSS Awards began with the European Commission’s ‘Corporate Startup Star Award’ in 2016. It is given to companies that have performed the best activitie