Samsung Electronics and its affiliates are set to announce an open recruitment of college graduates and soon-to-be graduates this week, maintaining a large-scale hiring of entry-level workers amid the pandemic in South Korea. According to industry sources on Sunday, Samsung Electronics and three other affiliates – Samsung Display, Samsung SDI and Samsung Electro-Mechanics – will release their recruitment announcements soon. Some of the affiliates are holding online job fairs am

After scandal, government to discuss reform of state housing developer

Coway has hired the BTS as the new model for global promotion of the company, the Korean home appliances rental company said Sunday. Signing the contract with BTS’ management agency Big Hit Entertainment, Coway said it seeks to raise brand awareness and increase its consumer base in the global market. Under the contract, BTS will be promoting the company image and its services, including lease of various appliances such as water and air purifiers and mattress rentals, Coway said. Adve

Hyundai Engineering & Construction Co., a major builder in South Korea, said Sunday it has secured an order worth 158.2 billion won (US$139 million) in Peru for a site preparation of the country's new airport.  Hyundai E&C said it beat rivals from Spain, Portugal and China to win the land preparation work for the Chinchero International Airport in Cusco, Peru, after forming a joint venture with local builder HV Constratistas. The Peruvian government hopes the Chinchero Internati

South Korea's information security market grew to hit nearly 12 trillion won ($10.6 billion) last year on the back of increasing demand for online services amid the pandemic, the ICT ministry said Sunday. Total sales of the industry, which includes digital and physical security sectors, reached 11.9 trillion won in 2020, up 6.4 percent from the previous year, according to the Ministry of Science and ICT, citing a report from the Korea Information Security Industry Association. The ministry sai

South Korea's antitrust regulator said Sunday it has decided to fine a super supermarket (SSM) unit of Emart Inc., the country's biggest discount store chain, 582 million won ($515,000) over unfair business practices. Emart Everyday Inc. unfairly returned unsold seasonal products, such as sunscreen and ice boxes, to suppliers after it bought them between January 2015 and May 2018, according to the Korea Fair Trade Commission (KFTC). The company shifted inventory costs of unsold goods to suppli

SK global chemical Co., an affiliate of South Korea's top refiner SK Innovation Co., said Sunday it will build a packaging material plant in China. Under the deal, SK global chemical will set up a joint venture with Satellite Petrochemical to build a plant that produces ethylene acrylic acid (EAA), a high-end eco-friendly material used for packaging. The plant, to be in Lianyungang, Jiangsu Province, eastern China, will be able to churn out 40,000 tons of EAA a year, according to the company

It sometimes takes an outsider’s perspective to observe the epochal events of a country and a journalist’s spirit to deliver the acquired truth to the world. Such was the case of Albert Taylor, an American journalist who spent tumultuous years on the colonialized Korean Peninsula, and his own residential place Dilkusha, which recently has been brought back to public’s access as a memorial place that carries traces of Korea’s modern history. In the residential alley at

Georgia Gov. Brian Kemp has asked US President Joe Biden to overturn a US trade panel's decision against SK Innovation Co. in a trade secret case over electric vehicle batteries. Kemp repeated his request to save thousands of jobs in northeast Georgia directly tied to an SK Innovation's EV battery plant in Commerce, Georgia, in a letter to Biden on Friday (US time). SK Innovation has been building a plant in the US state of Georgia, to be completed by 2022, to provide EV batteries to Ford Moto

South Korean e-commerce grocer Market Kurly said Friday it has decided to go public within this year and is exploring whether to make its stock market debut at home or in the United States. "We received positive statements from our accounting consultants about going public within this year," Market Kurly spokesman Song Cheol-wook said. "We are open to all options," he said, though he said the US is not a fixed destination as debuting on the New York Stock Exchange would req

Corruption scandal escalates into full-scale political fight ahead of by-elections

LG Energy Solution said Friday that it will invest 5 trillion won ($4.42 billion) through 2025 to build at least two more electric vehicle battery factories in the United States. Set for completion in 2025, the new factories will offer 70 gigawatt-hours of additional annual battery production capacity in the US. LG Energy Solution currently has one local electric vehicle battery production facility in Michigan that is capable of producing 5 gigawatt-hours. “The Green New Deal in the U

Choi Jung-woo, incumbent chairman of Posco Group and CEO of steelmaker Posco, extended his leadership as shareholders approved his reappointment Friday. The steelmaker held its 53rd annual proxy meeting at its headquarters in Seoul’s Gangnam-gu to vote on six major agenda topics, including the reappointment of the current chief. “I will further enhance production efficiency by maximizing the use of artificial intelligence amid challenging management situations,” Choi said

Hanmi Pharmaceutical said Friday that its non-small cell lung cancer treatment Poziotinib has received the fast track designation from the US Food and Drug Administration. Hanmi added that its US partner Spectrum Pharmaceuticals would submit the new drug application to the FDA by the end of this year. Fast track designation from the US FDA is one of the measures designed to support development and expedite the review of drugs that show promise in treating serious and address unmet medical ne

SK hynix, South Korea‘s second-largest chipmaker, announced Friday that the company has received approval from the US foreign investment watchdog for acquiring Intel’s NAND business. Upon the approval from the Committee on Foreign Investment in the United States, SK hynix said it has completed all foreign investment screening procedures the US requires. Earlier, the company had obtained the approval of the US Federal Trade Commission, late last year. SK hynix said the company wo