Head of delivery systems & services renews commitment to long-time partnership with Samsung, SK, hinting at more investments

Hosted by the Korea Agro-Fisheries and Food Trade Corporation (aT), the 5th Yangjae Flower Festa kicks off Friday at the aT center in Seocho-gu, southern Seoul, with the goal of sharing the value of flowers in our daily lives. Under the slogan “Blossom the Earth,” this year’s three-day flower festival will discuss the future of the floriculture industry amid a global trend of pushing for net zero emissions. This year’s event is the first indoor flower show to be hoste

Jeong Marn-ki, vice chairman of the Korea International Trade Association, said South Korea should learn from Ireland's policy for foreign businesses during a networking event jointly organized with Enterprise Ireland on Wednesday at Trade Tower in Seoul. Enterprise Ireland is the government organization responsible for the development and growth of Irish enterprises in world markets. “Thanks to the creation of a business-friendly environment and active attraction of foreign investm

KG Mobility, formerly known as Ssangyong Motor, has clinched a deal with China-based electric vehicle maker BYD to set up a new EV battery pack manufacturing plant and develop a hybrid car system in Korea. KG Mobility Chairman Kwak Jae-sun, KG Mobility CEO Chung Yong-won, BYD Chairman Wang Chuanfu, BYD subsidiary FinDreams Battery Chairman He Long and other executives from the two companies participated in the signing ceremony held at BYD's headquarters in Shenzhen, China on Wednesday. &ldq

Third-generation model of carmaker’s best-selling sedan gets sportier upgrades

South Korea’s government procurement agency said Thursday that a delegation from the Iraqi Kurdistan government visited its headquarters in Daejeon to learn about Korea’s e-procurement system and the latest developments in the country's public procurement administration. The delegation consisted of 14 government officials from various ministries of the autonomous region, including the Ministry of Planning, Ministry of Internal Affairs and Ministry of Construction. The on-site vi

Hyundai Motor Group said Thursday that it has begun a monthlong campaign in Paris to support Busan's bid to host the World Expo 2030 by playing a promotional video on 270 digital screens across famous locations and shopping malls in the French capital. Members of the Bureau International des Expositions will vote to decide the host city of the global mega event on Nov. 28. in Paris. Saudi Arabia's Riyadh and Italy's Rome are vying to host the Expo. (Hyundai Motor Group)

Samsung Electronics said Thursday it has put up a total of 14 billboards to promote Busan's bid to host the 2030 World Expo at Charles de Gaulle International Airport in Paris. The tech giant will be carrying out promotional activities in the French capital until Nov. 28, when the host city of the upcoming expo is to be decided in a vote during the 173rd General Assembly of the Bureau International des Expositions. (Samsung Electronics)

Posco International announced Wednesday that the company will provide 6 trillion won ($4.4 billion) worth of raw materials for Lotte Energy Materials’ high-end copper foil production. Posco International said the company and Lotte Energy Materials signed a memorandum of understanding at Signiel Seoul on Wednesday. Under the agreement, Posco International will supply around 600,000 tons of raw materials to Lotte Energy Materials through 2033. The two companies have also established a joint

Celltrion Healthcare, South Korean biosimilar giant Celltrion’s sales unit, announced Wednesday that the company has won the United Nations Development Program’s tender to supply anticancer drugs to Turkmenistan. The UNDP is a UN agency dedicated to eradicating poverty and reducing inequalities through the sustainable development of nations in more than 170 countries and territories. Celltrion Healthcare said the company joined the tender that opened in May this year, and that the re

South Korea’s top battery maker LG Energy Solution said Wednesday it is partnering with financial service provider Hyundai Capital to launch a new financing product for electric vehicle drivers called Battery Lifecare, offering incentives based on battery life. Battery Lifecare, an industry first, is designed to benefit those leasing or renting EVs from Hyundai Motor Group, including Hyundai’s Ioniq 5 and Ioniq 6, Kia's EV6 and the Genesis GV60. By offering better trade-in value

Korean businesses urged to reduce reliance on China for exports, diversify target markets

Samsung Electronics Vice Chairman Han Jong-hee underscored the importance of maintaining industry leadership in technology as the company celebrated its 54th anniversary on Wednesday. Samsung, one of the world's leading smartphone makers and the world’s largest memory chip producer, held the annual event at its headquarters in Suwon, Gyeonggi Province, with some 400 executives and employees in attendance. "Technology and product quality are the real competitive factors that we should

Hana Financial Group Chairman Ham Young-joo (center) and company officials make kimchi at the group's headquarters in Seoul on Wednesday, as part of its social outreach program, the "Everyone's Hana Day" campaign. Over the next two months, Hana plans to carry out diverse social contribution activities such as making braille tools for people with blindness or low vision, and offering educational programs for children. (Hana Financial Group)

South Korean telecommunications giant KT Corp. announced Wednesday that it has secured a partnership with Telkom Indonesia, pushing development for the smart city project in Indonesia’s new capital, Nusantara. On Tuesday, the two telcos signed a memorandum of understanding to collaborate on Indonesia’s smart city project. The signing ceremony was attended by Moon Sung-uk, KT senior vice president and head of global business unit, and Rizal Akbar, manager of smart city development tas