BUSINESS
[Advertorial] LG Energy Solution No.1 battery patent holder through extensive R&D
LG Energy Solution said it had invested 2 trillion won ($1.8 billion) in battery research and development over the past six years, allocating 5-6 percent of its revenue every year. According to the ...
Feb 17, 2021
Neowiz acquires Sticky Hands, doubles down on casual game biz
South Korean online game publisher Neowiz said Wednesday it has acquired a 60 percent stake in a local mobile game company Sticky Hands. “The acquisition will give Neowiz the business management rig...
100,000 German households subscribe to Hanwha Q Cells’ green electricity service
Hanwha Q Cells said Wednesday that more than 100,000 households in Germany have joined its Q.Energy service so far, which allows customers to buy and consume electricity generated 100 percent by rene...
Samsung ranks 2nd in Russia's Q4 online smartphone market: report
Samsung Electronics Co. was the second-largest vendor in Russia's online smartphone market in the fourth quarter of 2020, a report showed Wednesday, amid the pandemic-induced stay-at-home trend. The...
Kumho Tire union votes to accept wage freeze
Unionized workers at Kumho Tire have voted to accept a wage deal for the year of 2020 amid the prolonged coronavirus pandemic, the union said Tuesday. The management and labor union reached an agree...
Feb 16, 2021
[News Focus] More homegrown COVID-19 therapies coming
Following Celltrion’s antibody therapy, GC Pharma’s blood plasma-derived therapy and more on the way
SK Bioscience to manufacture Novavax vaccine for 20 mil population
South Korean vaccine-maker SK Bioscience will manufacture 40 million doses of US’ Novavax vaccines, enough to inoculate 20 million people. Under the agreement signed by SK Bioscience, Korea Disease ...
Employment gap widens throughout COVID-19 fallout
Bearing the brunt of a prolonged COVID-19 fallout, South Korea saw the employment gap widen between top-tier businesses and smaller ones last year, data showed Tuesday. The number of employed people...
CJ CheilJedang win nods for marine biodegradation material PHA
CJ CheilJedang is picking up speed with its white biotechnology business, having won a global certification for its biodegradable plastic, the company said Tuesday. CJ‘s polyhydroxyalkanoate, which ...
LS Group president tipped as likely candidate for next KITA chairman
LS Group Chairman Koo Ja-yeol has emerged as the most prominent candidate to become the next chairman of the Korea International Trade Association, according to industry sources on Tuesday. As the n...
Shinsegae’s Signet Partners announces investment in ride-hailing app Grab
Signet Partners, Shinsegae Group’s corporate venture capital firm, announced Tuesday that it had made an investment in the Singapore-based ride-hailing and food delivery app Grab. Explaining the dec...
Samsung top tablet vendor in Europe, Middle East, Africa in Q4: report
Samsung Electronics Co. was the top vendor in the Europe, Middle East and Africa (EMEA) tablet market in the fourth quarter of 2020, a report showed Tuesday, amid the pandemic-induced stay-at-home tr...
Restructuring inevitable for Renault Samsung for survival: chief
The chief of Renault Samsung Motors Corp. said Tuesday restructuring will be "inevitable" for the company's survival amid the prolonged coronavirus pandemic and lower demand for its models. In a mes...
Imprisoned Samsung heir allowed to meet execs after 4-week virus isolation
Lee Jae-yong, the de-facto leader of Samsung Group, has ended his mandatory isolation in a correctional facility and is allowed to meet group executives, industry insiders said Tuesday, raising specu...
S. Korea's power generation falls for 2nd year in 2020 amid pandemic
South Korea's electricity generation fell for the second consecutive year in 2020 as demand dipped amid the coronavirus pandemic, data showed Tuesday. The amount of electricity generated by the nati...