Hanwha appointed the CEO of Hanwha Total Petrochemicals as the new chief of Hanwha Q Cells, the photovoltaic solar cell manufacturing arm of Hanwha Group, according to the group on Friday. The new president of Hanwha Q Cells, Kim Hee-cheul, replaced former chief Nam Sung-woo, who resigned due to health reasons. Kim Hee-cheul, new CEO of Hanwha Q CellsKim, who is a global strategist within the group, had served as CEO of Hanwha Total Petrochemicals since the acquisition of Samsung Petrochemical.

Hyundai Motor Group Chairman Chung Mong-koo promoted his son Chung Eui-sun to executive vice chairman, a new position created to assist his father, the company said Friday.The heir to the world’s fifth-largest carmaker has worked as the vice chairman of Hyundai Motor Corp. so far. The promotion will give him authority to oversee the entire operation of the Hyundai Motor Group, of which Hyundai Motor Corp., is a part. Hyundai Motor Group Executive Vice Chairman Chung Eui-sun (Yonhap)According to

Hyundai Motor unveiled Friday a rendered image of its upcoming hydrogen-powered truck slated to be launched next year. The Korean automaker said it would announce more details, including data, development status and sales plans of its next-generation hydrogen trucks, at the upcoming IAA Commercial Vehicles 2018, which kicks off Wednesday in Hannover, Germany. The name of the vehicle and the actual vehicle will be unveiled in time for the launch next year. A rendered image of Hyundai Motor’s hydr

After a brief compromise, unionized laborers of GM Korea said they oppose the company’s decision to relocate an executive previously in charge of laying off workers at its Gunsan factory that shut down in May to its headquarters.GM Korea has named Lee Dong-woo, senior vice president who headed overall operations of the Gunsan factory, as the head of the Bupyeong manufacturing site. The unionized workers claimed that Lee had pressured workers to retire voluntarily by telling them that they would

GWANGJU, South Jeolla Province -- Naver, South Korea’s dominant internet portal, has opened its third Naver Partner Square venue for small businesses and creators in Gwangju, South Jeolla Province, with the aim of making it the center of the region’s lifestyle and food businesses, the company said Thursday.Naver Partner Square was first established in southern Seoul in May 2013 as a place for entrepreneurs operating on Naver to receive education on online commerce in such areas as search adverti

Korea’s exports will reach a record high of $600 billion this year, driven by favorable market conditions of global tech companies and the rise of oil prices, said the chief of the state-funded trade and investment promotion organization on Thursday.Korea’s exports in the period from January to August stood at $399.8 billion, a rise of 6.6 percent from the same period last year, according to the Korea Trade-Investment Promotion Agency. The nation’s exports reached $574 billion last year. “Althou

Hyundai Motor vice chairman calls for large-scale commercialization of hydrogen

LG Group Chairman Koo Kwang-mo emphasized that his top priorities are artificial intelligence and big data technologies, at a meeting with research and development leaders of LG affiliates, the group said Thursday. The fourth-generation leader of South Korea’s fourth-biggest conglomerate made his first official visit to LG Science Park, the group’s R&D hub, in Magok, western Seoul, on Wednesday, as part of preparations for the group’s future businesses. Koo was sworn in as the chairman and CEO o

Cheong Wa Dae has invited business representatives including chaebol scions leading South Korea’s four-biggest conglomerates -- Samsung, Hyundai Motor, LG and SK -- to accompany President Moon Jae-in on his trip to Pyongyang next week, officials said Thursday without mentioning names.According to news reports, Samsung Electronics Vice Chairman Lee Jae-yong, Hyundai Motor Group Vice Chairman Chung Eui-sun, LG Group Chairman Koo Kwang-mo and SK Group Chairman Chey Tae-won were invited. But the fin

　Yanolja was identified as the most popular South Korean accommodation and flight-booking application among Android smartphone users, recent data showed.　According to data compiled by industry tracker WiseApp, around 1.98 million users are estimated to have used the accommodation-booking service in July, up 33 percent from a month prior.　The figure was calculated based on a sample survey of 23,000 Android smartphone users in Korea. It did not include users of other operating systems.　Good Choice

INCHEON -- Integrated resort complex Paradise City has opened the rest of its art and entertainment facilities, following the opening of its hotel, casino and convention facilities in April last year. Paradise Sega Sammy President Park Pyung-yong speaks during a press briefing on Thursday. (Paradise City)The newly opened facilities include Plaza, the shopping arcade; Cimer, a spa facility; Chroma, a night club; Art Paradiso, a suite-room only boutique hotel; and Paradise Art Space, an art exhibi

We are living in a world where a vast array of online videos are grabbing the eyes of everyone from toddlers to retirees. And increasingly YouTubers are making a living out of producing viral videos. The views, likes and subscribers add up, as advertisers pay to have their ads shown in such videos.“You get a certain percentage of an amount. Not only that, you are also asked to work with brands, and in other promotions YouTubers can create synergy to bring in cash from their channels,” said Yum-c

In the middle of bustling downtown Seoul, there is a building that strikes a bright, open figure, quickly making it one of the youngest landmarks of the capital and the “it” place to visit.It’s South Korean cosmetics company Amorepacific’s headquarters, which occupies a site in Yongsan. The building was designed by David Chipperfield, who described the structure as “abstract and gestural.” According to Chipperfield, he was inspired by the refined beauty of a white porcelain moon-shaped pot that

Hongneung is a quaint neighborhood in northeastern Seoul, situated near several universities and research institutes. In this area stands an organization working toward an ambitious national goal that goes beyond academia — pioneering a successful biotechnology cluster in South Korea.Meet Seoul Bio Hub, established by the Seoul Metropolitan Government and operated and managed by the state-run Korea Health Industry Development Institute. The body is steering the municipality’s efforts to build a

Shipbuilders, construction, broadcasting and IT firms have asked for an amendment to the new 52-hour workweek due to an inability to comply with the shorter hours, a local business organization said Wednesday. In a seminar presided over by the Korea Employers Federation, officials from the affected industries called on the government to revise the 52-hour workweek regulation to reflect their respective situations.  (Yonhap)An official from the Construction Association of Korea argued the revised