Hanwha Group has been seeking more investment and business opportunities in the Australian market based on the growing defense partnership between South Korea and Australia.The group’s move comes on the heels of a major defense contract signed between Hanwha Defense Australia, a defense business aff

CEO Shin Hak-cheol of LG Chem and President Chung Jin-taek of Korea University signed the MOU on “Joint R&D of eco-friendly materials” at Korea University’s main building in Seongbuk-gu, Seoul, LG Chem said on Feb. 17.Through the MOU, both sides plan on promoting joint research on bio-degradable pla

Stanford Graduate School of Business (MBA) is teaching “Corporate Citizenship,” which is the management philosophy of POSCO, the POSCO said on Feb. 17.The concept and practical activities of corporate citizenship of POSCO were officially registered as a strategy management case at Stanford Graduate

By Senior Feature Writer Kim Hyung-daeWith the intention of distributing Baduk (Go), Saudi Arabia has selected Korean professional Baduk player Kim Myung-wan (44, 8th dan) as its advance guard.At the invitation of the Saudi government, Kim Myung-wan visited the capital Riyadh for ten days just befor

Four Seasons Hotel Seoul will adopt full-fledged ESG (Environmental, Social, Governance) management activities in order to make more of a social contribution. The hotel strives to positively impact the environment and society with sustainable, innovative ideas and further present a blueprint for dem

Hyundai Motor Group has become the top-ranked automaker in J.D. Power’s 2022 U.S. Vehicle Dependability Study (VDS) with its Hyundai, Kia and Genesis nameplates taking three of the industry’s top four brand rankings overall, including the top spot.Kia is the top-ranked brand overall, including all m

SK Telecom announced on Feb. 10 that it signed a memorandum of understanding (MOU) with Equinix, the world’s leading digital infrastructure company, to expand the quantum business including ‘QKD as a Service (QaaS)’ in both Korean and overseas markets.SKT and Equinix agreed to build a QKD environmen

Pernod Ricard Korea(페르노리카코리아)Pernod Ricard Korea, the Korean unit of France-based wine and spirits group Pernod Ricard, announced on February 9 that it provided scholarships to a total of 54 talented students of Gugak, traditional Korean music, at the National Gugak Middle and High School to help fo

SK Telecom and Joby Aviation in the U.S. have decided to work together to introduce emissions-free aerial ridesharing services to cities and communities across South Korea, they announced on February 7.Joby Aviation is a California-based company developing an all-electric, five-seat aircraft that ca

LG Electronics is showcasing its robust 2022 lineup of commercial, light commercial and residential HVAC solutions, including industry-leading Variable Refrigerant Flow (VRF) technology and latest energy efficient heat pump systems, this week at the 2022 AHR Expo in Las Vegas.One of the key highligh

The following is the eighth (Chapter 7 summary) in a series of articles on the book, entitled “Corporate Korea’.—Ed.By Kim Kwang-soohWhile successful conglomerates, such as Samsung Group, LG Group, Hyundai Motor and SK Telecom, achieved continued growth after the currency crisis in 1997, dozens of o

Hanwha Defense will provide self-propelled howitzers and its support vehicles to the Egyptian Armed Forces under the contract it signed with the armed forces on Feb. 1.The deal, valued at $1.7 billion, is the largest in scale over the export of the K9 artillery solution, which has already been adopt

SK Energy CEO Cho Kyung-mok said, "This year marks the 60th anniversary of SK Energy's foundation. SK Energy has played a leading role in the energy chemical business. We will make an essential company in the era of carbon neutrality and even an energy company that did not exist in the world."Noting

Chivas Regal, the iconic global whisky of Pernod Ricard Korea (the Korean unit of the global wine and spirits company Pernod Ricard) has teamed up with the French luxury fashion brand Balmain to create the limited-edition ‘Chivas XV Balmain Collection’. The ‘Chivas XV Balmain Collection’ was designe

POSCO began construction of a new plant for automotive steel plates in Tangshan, Hebei province, China, on January 7, 2022.As a joint business with HBIS Group (formerly known as Hesteel Group), POSCO founded Hagang Pohang in September 2021 with shares split equally between the two in order to manufa

Ultium Cells, a joint venture of LG Energy Solution and General Motors, will make a $2.6 billion investment to build its third battery cell manufacturing plant in the United States, LG Energy said on Jan. 26. The facility will be located in Lansing, Michigan.Ultium Cells will build the new plant on

LG Chem has shipped its first exports of ‘Bio-balanced NPG (Neopentyl Glycol),” the company said on Jan. 25. This product that is produced by using bio materials such as waste cooking oil and palm byproducts acquired ‘ISCC PLUS (International Sustainability & Carbon Certification PLUS),’ which is a

Korea Energy Agency announced on Jan. 27 that it will appoint Lee Sang-hoon, former chief of the agency's New and Renewable Energy Center, as its new chairman.After graduating from Gyeseong High School in Daegu and Seoul National University's Department of Landscape, Lee completed his master's degre

Korea Urban Mining Association (KUMA) has elected Park Hyun-chul, CEO of SJ Environmental, as its sixth chairman, the KUMA announced on Jan. 27.Chairman Park's term of office is two years and can serve a second term for the chairmanship.KUMA placed under the Ministry of Trade, Industry and Energy is

The following is the seventh (Chapter 6 summary) in a series of articles on the book, entitled “Corporate Korea’.—Ed.By Kim Kwang-soohThe currency crisis in 1997 drastically transformed the industry ecosystem in Korea. Those large enterprises that survived the currency crisis had enhanced global com