Pulmuone announced on the 14th that it has been recognized for sustainability in the 2023 Corporate Sustainability Assessment (CSA), conducted by S&P Global, one of the world's three major credit rating agencies, and has entered the global Top 5 for the first time in the food sector.This ranking pla
On Feb. 7, KB Financial Group was selected as the only domestic financial institution to achieve the highest rating, “Top 1%,” in the “2023 Corporate Sustainability Assessment” announced by U.S.-based Standard & Poor’s Global (S&P Global).The highest rating of “Top 1%” in the “2023 Corporate Sustain
The Korea Fair Trade Commission (KFTC) has decided to review the designation of dominant business entities, which is at the core of the Fair Competition Promotion Act (the Platform Act for short). This means that virtually, the Korean market watchdog will review the designation from scratch. Industr
LG Chem has signed a massive cathode material supply contract worth 25 trillion won with General Motors (GM). With the U.S. Tennessee cathode material plant at its core, LG Chem plans to strengthen its cooperation in the North American market alongside GM.LG Chem announced on Feb. 7 that it had sign
Coway Co., Ltd., the “Best Life Solution Company,” has released its financial results for the fourth quarter and fiscal year 2023."We’re proud to have achieved such a successful 2023, even in the face of significant challenges present in both domestic and international markets. Our stable performanc
Pernod Ricard Korea, the Korean affiliate of the Pernod Ricard Group, donated KRW 100 million in scholarships to 54 students of National Gugak Schools to develop the Gugak (traditional Korean music) culture and to foster Gugak talents.Minju Ji, HR & Corporate Affairs Director of Pernod Ricard Korea,
Hyundai Engineering & Construction announced on Feb. 7 that it has been awarded the highest grade in the climate change response sector, “Leadership A,” by the Korean Committee of the Carbon Disclosure Project (CDP), a global sustainable management evaluation organization.Leadership A is a grade awa
The Ministry of Trade, Industry, and Energy revealed on Jan. 6 that last year a total of 23 cases of overseas leakage of industrial technology, including “national core technologies,” were detected, marking an increase of 3 cases from the previous year. The government designates as national core tec
Nine out of 10 Korean manufacturers believe that overseas carbon neutrality policies such as those in the United States and Europe affect their business operations, a survey found.According to the Korea Chamber of Commerce and Industry (KCCI), which recently surveyed 300 Korean manufacturing compani
For the third year in a row since 2020, HL Mando changed the first digit of its annual sales figure, ushering in the era of 8 trillion won in sales.HL Mando announced on Feb. 5 that its sales increased 11.7 percent from the previous year to 8.3930 trillion won (US$6.3255 billion) and its operating p
Netflix, leading the over-the-top (OTT) online video streaming industry in subscription rates, has been found to trail behind YouTube Premium and Tving in user satisfaction, according to a survey.Consumer Insight, a telecommunications research institute, announced on Feb. 5 that this result emerged
LS Electric announced on Feb. 5 that it has held a completion ceremony for the Durango factory in Mexico of its electric vehicle component subsidiary, LS e-Mobility Solution.The ceremony was attended by about 50 key figures, including Koo Ja-kyun, chairman of LS Electric; Kim Won-il, representative
Domestic defense companies such as LIG Nex1, Hyundai Rotem, and Hanwha Aerospace are mobilizing to participate in the Saudi International Defense Exhibition held in Riyadh, the capital of Saudi Arabia, until Feb. 8, aiming to penetrate the Middle Eastern market.According to the defense industry on F
Pernod Ricard Korea, the Korean affiliate of the wine and spirits company Pernod Ricard, joins hands with five leading bars in Korea that pursue sustainability to conduct the responsible drinking campaign “Drink More Water.”Based on “Responsible Hosting,” one of the Group’s Sustainability & Responsi
HD Hyundai is teaming up with global small modular reactor (SMR) leaders to explore the offshore nuclear market.HD Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding intermediate holding company of HD Hyundai, recently held a technology exchange meeting to jointly develop molten salt r
Hanwha Group is showcasing its cutting-edge aviation technology, including fighter jet engines, to countries in the Middle East, including Saudi Arabia.Hanwha Aerospace, Hanwha Systems, and Hanwha Ocean, the defense affiliates of Hanwha Group, announced their participation in the World Defence Show
FILA announced on Feb. 5 that Chairman Gene Yoon met FILA+ Creative Director Lev Tanju in Seoul on Feb. 1 to discuss their upcoming global premium line, marking a momentous step in the brand’s history spanning over 100 years.Tanju, the founder of world-renowned skatewear brand Palace and one of the
POSCO Group is making significant strides into the clean hydrogen sector in collaboration with the Abu Dhabi National Oil Company (ADNOC), a state-owned petroleum company in the United Arab Emirates (UAE).POSCO International announced on Jan. 31 that it has signed a “strategic cooperation agreement
ONDA, a South Korean hospitality technology startup, has formed a significant partnership to provide its booking management solutions to a premier hospitality company in South Korea.ONDA announced it has entered into a technology agreement with Josun Hotels & Resorts to develop the Central Reservati
Samsung Electronics and SK hynix are planning to mass-produce GDDR7 DRAM, a next-generation DRAM for graphics cards, within the first half of this year. GDDR7 DRAM, which is mainly used in Graphics Processing Units (GPUs) -- a core of the Artificial Intelligence (AI) era -- is expected to continue S