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POSCO Chairman Choi Jeong-woo.POSCO Group has solidified the groundwork for the growth of the secondary battery raw material business via the largest-ever rights offering for POSCO Chemical.POSCO, the biggest shareholder of the offering, announced a vision of nurturing the secondary battery raw mate…
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A view of Samsung Electronics’ Galaxy S21 and Galaxy S21 Ultra smartphones.Samsung Electronics chalked up 236.81 trillion won in sales and 35.99 trillion won in operating profit last year. The figure represented a 2.78 percent rise and a 29.62 percent jump over the previous year, respectively. Sams…
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Hyundai Motor Group Chairman Chung Eui-sun. (Photo: Hyundai Motor Group)Despite the shock caused by the COVID-19 pandemic, Hyundai Motor’s annual sales surpassed 100 trillion won last year for the second straight year. Even though Hyundai Motor recorded negative growth, the automaker saw the portio…
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LG Chem Vice Chairman Shin Hak-cheol. (Photos: LG Chem)LG Chem chalked up more than 30 trillion won in 2020, the largest-ever yearly sales since its founding. The company also saw its operating profit surpass the 2 trillion won threshold, a nearly two-fold jump on a year-on-year basis. The battery b…
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Lotte Chemical President & CEO Kim Kyo-hyun, concurrently head of Lotte Group’s Chemical Business Unit, and Kim Yeon-sup, chief of Lotte Chemical’s ESG Management Division, pose together with others after declaring the ‘Green Promise 2030’ initiative on Feb. 2. (Photo: Lotte Chemical)Chemica…
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Chairman Lee Jay-hyun of CJ Group. CJ Cheiljedang is predicted to post more than 4 trillion won in overseas sales of processed food products last year, its best year ever in terms of sales. Even though its business performance for 2020 Q4 was not disclosed, given that the company logged more than 1 …
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Hyundai Heavy Industries Group’s Chairman Kwon Oh-gap.Hyundai Heavy Industries (HHI)’s winning orders to build five LNG carriers is imminent, business sources said. HHI was discussing a contract to build five LNG carriers for an LNG project dubbed “Project Rose,” being implemented by Nigeria, th…
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Doosan Group Chairman Park Jeong-won.Doosan Group is accelerating efforts to build three growth engine businesses to tap opportunities in the hydrogen, drone and robot sectors.Doosan Fuel Cell, Doosan Mobility Innovation and Doosan Robotics, the subsidiaries of Doosan Group, are implementing hydroge…
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A view of Amorepacific’s brand “Soluderm” skin care products, which can be both eaten and applied.Amorepacific has released the brand “Soluderm” for skin care products, which can be both eaten and applied.The Soluderm consists of two versions - “VITA Collagen Ample Program” that can be applie…
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A view of LS Cable & System’s cable plant in Egypt. (Photos: LS C&S)LS Cable & System (LS C&S) has dedicated a cable production plant in Egypt, its first one in Africa. LS C&S established LS Man Cable (LSMC), a joint venture with Egypt’s cable maker MAN, in Ramadan City near Ca…
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BTS performs at an annual Korean Wave convention festival KCON. (Photos: CJ ENM)K-pop is emerging as a mainstream of the world’s music industry. Last year was one to remember for K-pop music. As BTS and Blackpink made history in the U.S., the w…
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A poster to publicize Grand Korea Sale 2021, which gets under way virtually until Feb. 28. The Ministry of Culture, Sports and Tourism (MCST) and Visit Korea Committee are jointly offering Grand Korea Sale 2021 virtually for 46 days from Jan. 14 to F…
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President Min Min-hong of the Incheon Tourism Organization (ITO) poses after he received a plaque of recognizing social contributions to the local communities via tourism project from the Ministry of Health and Welfare and SSN in 2020. ITO has been c…
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Minister Park Yang-woo of the Ministry of Culture, Sports and Tourism delivers a speech at a ceremony to open 2020 Korea MICE Expo at Songdo Conventia in Incheon on Nov. 24.The Ministry of Culture, Sports and Tourism (MCST) and Korea Tourism Organiza…
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