Trade Minister Yeo Han-koo held talks with United States Deputy Secretary of Commerce Don Graves and Trade Representative (USTR) Katherine Tai in Washington D.C. on March 3 and 4, respectively, to discuss Korea-US sanctions against Russia, the Indo-Pacific Economic Framework (IPEF), Section 232 stee

KOTRA helps Korean medical device companies enter the global market.KOTRA announced on March 9 that it will hold the ‘2022 Global Medical Equipment Plaza (GMEP 2022)’ at COEX, Gangnam-gu, Seoul for two days from March 10.This event is linked to the ‘Korea International Medical and Hospital Equipment

Director Seo Hyo-seok, 76, of Pyunkang Korean Medicine Hospital was elected as the 8th president of the Korean Baduk (Go) Federation (KBF).The KBF announced on March 8 that Seo Hyo-seok has been confirmed as its 8th president with the final approval of the KBF Election Management Commission and the

Taihan announced on March 3 that its U.S. corporation, T.E.USA, has won an order for an ultra-high-pressure power grid supply project.It is a large project worth about 60 billion won (some $50 million), and it is the result just in 15 days after winning a three-year long-term project in the U.S. in

Yoon Hyung-joong, the new CEO of Korea Airports Corporation (KAC), said on March 4 that he had appointed Lee Mi-ae, head of the strategic and planning headquarters, as the first female vice president in 42 years since its foundation.Vice President Lee joined the KAC in 1987 and was appointed as the

A worker at Hyundai Steel's Dangjin Steel Mill fell into a plating container and died while working at a cold-rolled factory around 5:40 a.m. on March 2.The place where the accident occurred is where the iron plate produced in the steel mill is plated with zinc. The plating container was 4.2m wide,

Kia EV6 has been named the 2022 Car of the Year in the prestigious European Car of the Year (COTY) awards, the Hyundai Motor Group said on March 1.The innovative all-electric crossover was voted the overall winner by a 61-strong jury consisting of highly respected motoring journalists from 23 Europe

SK Telecom has been participating in MWC Barcelona 2022, which kicked off on Feb. 28 for the four-day run, to showcase its innovative future technologies and services.SKT’s exhibition space is divided into four different zones, namely Metaverse, AI, 5G & Beyond and Special Experience, an SKT spokesm

The Korea Pharmaceutical Manufacturers Association (KPMA), led by Chairman Won Hee-mok, announced on Feb. 25 that it will hold a "Korea-UK Life Sciences Webinar" jointly with the British Embassy in Korea from 4:30 p.m. on March 8.The event will be held through ZOOM for domestic pharmaceutical bio-in

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