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POSCO Chairman Choi Jeong-woo. After logging its first quarterly operating loss in 2020 Q2, POSCO bounced back to operating profit territory in Q3. POSCO expects a better business performance in Q4 on the back of the resumption of global economic activities. In particular, POSCO is solidifying its s…
Samsung Electronics reported 66.96 trillion won in consolidated revenue and 12.35 trillion won in operating profit for the third quarter ended Sept. 30.Even as the COVID-19 pandemic continues around the world, reopening of key economies led to a significant increase in consumer demand. Samsung Elect…
Hyundai Motor Group Chairman Chung Eui-sun. (Photos: Hyundai Motor Group)Global companies are scrambling to develop robots as the non-face-to-fact contact market is on the rise, caused by the spread of the COVID-19 pandemic. Automakers, including Hyundai Motor Group, are joining forces to invest big…
Lotte Group Chairman Shin Dong-bin. (Photo: Lotte Group)Lotte Group Chairman Shin Dong-bin became the first Korean business leader to meet with Japanese Prime Minister Yoshihide Suga since he took office, succeeding his predecessor Shinzo Abe. Chairman Shin’s meeting with Prime Minister Suga comes …
Chairman Lee Jay-hyun of CJ Group.A bio-degradable plastic that completely melts away in the sea will be mass produced with Korean-developed technology.Of late, CJ Cheiljedang succeeded in developing Polyhydroxyalkanoates, or PHA, a core material for producing an eco-friendly, bio-degradable plastic…
LG Uplus Vice Chairman Ha Hyun-hoe speaks at an executives’ workshop for the 4th quarter of the year at LG Uplus headquarters on Nov. 13. (Photos: LG Uplus)LG Uplus Vice Chairman Ha Hyun-hoe urged LG Uplus executives and staff members to nurture the telecom service provider’s own loyal customer ba…
Samsung SDS President Hong Won-pyo. (Photos: Samsung SDS)Despite the protracted COVID-19 pandemic, Samsung SDS achieved its best-ever quarterly sales. The earnings surprise was owed to the expansion of the company’s logistics and IT service businesses. Samsung SDS said on Oct. 27 the company posted…
President Jeon Hae-sang of Toray Advanced Materials Korea receives the presidential award from Vice Minister Park Jin-gyu of the Ministry of Trade, Industry and Energy at a ceremony to celebrate the 34th anniversary of Textile Day at the Textile Center in Seoul on Nov. 11. (Photo: TAK)President Jeon…
Chairman Cho Hyun-joon of Hyosung Group. (Photos: Hyosung Group)“A winner is willing to make a path by treading snow accumulated on the field, but a loser waits for the heaped snow to melt away.” Hyosung Group Chairman Cho Hyun-joon made the remarks while his commemorative speech to executives and…
Sindoh Vice President Lee Chul-woo in charge of public relations receives a certificate of a top prize in the office multifunction machine category of the 2020 Korean Standard Quality Excellence Index (KS-QEI) from Chairman Lee Sang-jin of the Korean Standards Association. (Photos: Sindo)Sindoh, 2D …
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Economy/Finance
Chairman Yoon Jong-kyoo of KB Financial Group. (Photos: KB Financial Group)KB Financial Group achieved a 1 trillion won milestone in quarterly net profit despite the COVID-19 pandemic. In an electronic filing on Oc. 22, the financial group said it po…
Chairman Cho Yong-byoung of Shinhan Financial Group. (Photo: Shinhan Financial Group)Shinhan Financial Group chalked up 1.144.7 trillion won in net profit for the third quarter of the year, the best-ever three-month period for the company. Shinhan Fi…
NongHyup Financial Group Chairman Kim Gwang-soo. (Photos: NongHyup Financial Group)NongHyup Financial Group chalked up 1.460.8 trillion won in net profit for the first three quarters of the year. Despite low interest rates and the effects of the COVI…
President Wi Sung-baek of Korea Deposit Insurance Corp.(KDIC). (Photos: KDIC)Korea Deposit Insurance Corp. (KDIC) announced on Nov. 1 that it was collecting support funds from 30 savings banks that had gone bankrupt since 2011 by selling their PF ass…


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