Pernod Ricard Korea, the Korean unit of global wine and spirits company Pernod Ricard, announced that it will expand its professional training in sustainable and responsible bar operations at Jeju University.The ‘Bar World of Tomorrow' is a training program designed by the Pernod Ricard Group to pro
The new regional head of the Hyundai Motor’s labor union, the largest single union in the country, has pledged to introduce a “4-day workweek” starting next year. This commitment has reignited the debate over reduced working hours, often described as a “hot potato” in the industry.On Dec. 6, Hyundai
Hyundai Mobis (KRX 012330) announced on 5th that Hyundai Mobis has established the 'Electrification Research Center' within the Hyundai Motor Group's Uiwang R&D Center in Uiwang, Gyeonggi Province and held an inauguration ceremony. At the ceremony, the newly appointed President of Hyundai Mobis, Lee
KT announced on Dec. 1 that it had swept two categories at the GLOTEL AWARDS 2023 held in London, the U.K., on Nov. 30 (local time). Nominated in four categories -- 5G Future Vision, 5G Specialized Network Project of the Year, Best Telecommunications Operator, and Security Solution of the Year -- KT
As Nvidia, a leading company in artificial intelligence (AI) chips, is to shorten its new product release cycle to one year, SK hynix is expected to continue its dominance in the High Bandwidth Memory (HBM) market. SK hynix has made strides in the HBM market and it is likely to surpass 10 trillion w
Hyundai Mobis (KRX 012330) is poised to secure new orders for premium vehicle displays, characterized by large screens, high definition, and slim design, using a fusion of innovative technologies targeting global automakers. The company plans to capture the next-generation vehicle display market wit
Although major Korean companies made extensive use of their available resources to help Busan host the 2030 World Expo, they were unable to overcome Saudi Arabia’s oil money and suffered a crushing defeat in the first round of voting. However, during the bidding process, Korea’s public and private s
Korea Investment Corporation (KIC), the sovereign wealth fund, has exhibited a return rate in the 7% range from January to the end of August this year. It has successfully recovered approximately 40% of losses incurred in the previous year.KIC announced on Nov. 29 that the total asset return rate fo
The government is driving the development of next-generation batteries with significantly improved energy density and safety.On Nov. 29, the Ministry of Trade, Industry, and Energy (MOTIE) announced that the “High-performance Next-Generation Secondary Battery Technology Development Project for Eco-f
Card spending abroad by residents in the third quarter nearly reached US$4.8 billion, indicating a recovery to pre-COVID-19 levels, as overseas travel and direct online overseas purchases have increased. However, card spending by foreigners in Korea decreased, amounting to only half of overseas card
The Korean nuclear power industry has growing anticipation for exporting nuclear power plants to Europe.Korea and the United Kingdom signed nine memoranda of understanding (MOUs) on nuclear power cooperation on the occasion of Korean President Yoon Suk-yeol’s state visit to the United Kingdom on Nov
Coway Co., Ltd., the “Best Life Solution Company,” announced today that its Seoul-based R&D Center, the Coway Environmental Technology Research Institute, has been recognized as an international testing laboratory by the Korea Laboratory Accreditation Scheme (KOLAS) for the 22nd consecutive year.The
L&F has decided to make a significant new investment of 2.55 trillion won (US$1.96 billion) in Daegu in response to surging global demand. This move comes as Chinese battery materials face constraints in the global market following the implementation of the Inflation Reduction Act (IRA) in the Unite
Jusung Engineering, a semiconductor, display, and solar equipment company, has carved a mythical path in the barren land of domestic ventures. This year marks its 30th anniversary. Established in 1993, the company has experienced various challenges but has achieved remarkable growth through continuo
Mirae Asset Global Investments has appointed Vice Chairmen Choi Chang-hoon and Rhie Chun-yong as CEOs.The company is embarking on a plan to strengthen responsible management and establish a solid foundation for ongoing growth, utilizing a structure that includes four executive representatives, featu
Hyosung Group presented a blueprint for its hydrogen business at the Green Business Week 2023 (GBW 2023) held at the COEX convention center in the Gangnam district of Seoul on Nov. 22, covering everything from hydrogen production to storage, transportation, and supply.At the exhibition, Hyosung intr
SK earthon, a subsidiary of SK innovation dedicated to resource development, announced on Nov. 22 that it has started the shipment of crude oil produced from the Lufeng 12-3 oil field in Block 17/03 located in the northeastern South China Sea. The production of this crude oil, which commenced in Sep
Coway Co., Ltd., the “Best Life Solution Company,” announced today that it has been named a CES® 2024 Innovation Awards Honoree by the Consumer Technology Association (CTA) for its groundbreaking BEREX Reclining Massage Bed.The CES Innovation Awards, an annual competition sponsored by the Consumer T
The Korea Startup Forum (Chairman Jae-Wook Park, hereinafter referred to as KSF), the organizing organization of the global startup festival COMEUP, announced that COMEUP 2023, which was held at Dongdaemun Design Plaza (DDP) for three days from November 8 to 10, attracted about 66,000 people. It was
Korea’s real gross domestic product (GDP) is expected to rise by 2.0 percent next year from this year, according to the state-run Korea Institute for Industrial Economics and Trade (KIET) in its 2024 Economic and Industrial Outlook report released on Nov. 20. The relatively conservative forecast is