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Wednesday, October 18, 2017

Insight

The Cayenne Diesel.
Stopping Sales
1 August 2017 - 12:15pm
Porsche Korea also suspended its local sales of the “Cayenne Diesel” model recalled in Europe after its environmental certificates were revoked due to an exhaust gas emission rigging device On July...
Coupang and WeMakePrice are having intensifying competition for the leader in the local social commerce market.
Coupang Vs. WeMakePrice
28 July 2017 - 8:45pm
Coupang and WeMakePrice, the two frontrunners that started as social commerce companies are having intensifying competition. WeMakePrice reportedly recorded W370 billion won (US$333 million) in...
Four types of the World Table Asian Cooking Sauce launched by Chungjungone.
Cooking Sauce
28 July 2017 - 11:15am
Chungjungone of Daesang Corp. has released four types of “World Table Asian Cooking Sauce,” which has the taste and flavors of Asian traditional cuisines. The new products are for Asian foods among...
On July 27, Korean entrepreneurs met with President Moon Jae-in first after the new administration was established in April this year.
First Meeting with President
28 July 2017 - 11:00am
South Korean entrepreneurs met with President Moon Jae-in on July 27 and asked the government to take a more active role in dealing with economic retaliation from China, trade pressure from the...
The Korean oil refinery industry hit by a sharp drop in oil prices suffered an earnings shock.
Earnings Shock
27 July 2017 - 3:00am
The local oil refinery industry hit by a sharp drop in oil prices suffered an earnings shock. S-OIL announced on July 26 that the company posted 117.3 billion won (US$105 million) in operating profit...
GM Korea’s cumulative losses have increased rapidly since it included bonuses in ordinary wages whereas Renault Samsung Motors’ net profit exceeded 300 billion won (US$270 million) last year after the company did not..
Different Results
26 July 2017 - 10:15am
It has been found that GM Korea’s cumulative losses have increased rapidly since the company included bonuses in ordinary wages whereas Renault Samsung Motors’ net profit exceeded 300 billion won...
The “Committee to Oppose the Overseas Sell-off of Kumho Tire” demonstrates at the front of the National Assembly on July 24.
Against Sales to Double Star
24 July 2017 - 6:45pm
Kumho Tire’s trade union, subcontractors and partner companies united to prevent the sale of Kumho Tires to Double Star. They also said that although Kumho Asiana Group chairman Park Sam-koo's poor...
Hanwha Q CELLS Korea will carry forward the floating solar power generation business with Korea Hydro & Nuclear Power.
Floating Solar Power
24 July 2017 - 11:15am
Hanwha Q CELLS Korea will move forward with the floating power generation business with Korea Hydro & Nuclear Power (KHNP). On July 21, Hanwha Q CELLS Korea signed a memorandum of understanding (...
The Korean government will expand the supply of electric cars and promote the self-driving car industry including the establishment of car and ICT convergence platforms.
Future Growth Engines
20 July 2017 - 12:45pm
The Moon Jae-in administration will increase the number of electric cars and hydrogen powered cars to 350,000 and 15,000, respectively, by 2022. It will also focus on promoting new industries of the...
The 2017 Sustainability Report titled "Deep Change.”
Report on ‘Deep Change’
20 July 2017 - 11:45am
SK Holdings C&C announced on July 19 that it has released the 2017 Sustainability Report titled "Deep Change” both in Korean and English. Since it published its first Sustainability Report in...
The Korea Hydro & Nuclear Power (KHNP) trade union has decided to file an injunction to the court against the KHNP board’s decision to suspend the construction of Shin Kori Nuclear Power Plant Units 5 and 6.
Trade Union’s Reaction
19 July 2017 - 2:15pm
The Korea Hydro & Nuclear Power (KHNP) trade union has decided to file an injunction to the court against the KHNP Board of Directors’ decision to suspend the construction of Shin Kori Nuclear...
Lee Jang-han, chairman of Chong Kun Dang Pharmaceuticals.
Power Abuse
19 July 2017 - 12:00pm
According to the Ministry of Employment and Labor on July 18, the ministry launched an investigation into a controversy surrounding the use of violent language against his chauffeurs by Lee Jang-han...

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