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A view of Samsung Electronics’ newest smartphone Galaxy S20. (Photo: Samsung Electronics)Samsung Electronics poured 5.36 trillion won into R&D initiatives for the first quarter of this year, the biggest-ever R&D outlay on a quarterly basis. The large investments come despite the global COVI…
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Hyundai Motor saw sales and operating profit rise by a small margin in the first quarter of the year, beating expectations. But the automaker saw real operating profit, except transient revenues, decline 8 percent over the same period a year ago. Hyundai Motor has entered a “contingency plan mode”…
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A view of “Lotte On,” Lotte’s integrated on-line shopping platform.President Cho Young-jae of Lotte Shopping’s e-Commerce Business Division announces strateges on the new e-Commerce brand Lotte On at the Lotte World Tower in Seoul on April 27. (Photos: Lotte)Lotte, one of the nation’s largest r…
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Bibigo Mandu (Dumpling) products released by CJ Cheiljedang.(from left) Bibigo home meal replacement products for roasted mackerel, grilled halibut, and roasted Spanish mackerel, released by CJ Cheiljedang. (Photos: CJ Cheiljedang)CJ Cheiljedang President Kang Shin-ho made good on his promise with h…
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A view of food products released by Ottogi. (Photo: Ottogi)Ottogi made its first step in the Korean food market many years ago by releasing a powered instant curry product in Korea. Ottogi released the nation’s firsts in areas such as soup, ketchup and mayonnaise. The food maker says it has been co…
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Three kinds of “Fishery Easy Cook KIT” foods, released by Dongwon F&B. (Photos: Dongwon F&B)Dongwon F&B, boasting fishery expertise it has accumulated over the years, has released three kinds of “Fishery Easy Cook KIT” foods using whelk, common Asian clam, and snails as the main ingr…
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An array of food products released by Orion. (Photo: Orion)Orion posted 539.8 billion won in sales and 97 billion won in operating profit in the first quarter of this year on a consolidated basis. The figures represent an 8.5 percent rise in sales and a 25.5 percent jump in operating profit compared…
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LG Chem Vice Chairman Shin Hak-cheol speaks at a ceremony to proclaim a new vision that reestablishes its identity based on not only ‘chemicals’ but ‘science’ to take a new leap. (Photo: LG Chem)LG Chem proclaimed the New Vision that reestablishes its identity based on not only ‘chemicals’ but…
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LG Chem logged a 1st quarter business performance that exceeded market expectations. LG Chem said on April 28 the company posted 7.115.7 trillion won in sales and 236.5 billion won in operating profit in Q1. A recent market consensus predicted that LG Chem would chalk up 142.4 billion won in operati…
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President Yi Eun-baek of Samchully America. The Samchully Group announced the promotion of Yi Eun-baek, vice president of Samchully America to president. Yi Eun-baek is the eldest son of Samchully founder and former chairman Yi Jang-kyun. Industry analysts say that Yi was promoted to president to ex…
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CEO Anwar A. Al-Hejazi of S-OIL. (Photos: S-OIL)To mark its 50th anniversary, S-Oil is boosting its petrochemical competitiveness and accelerating the establishment of a foundation for future growth, centering on the Shaheen Project.On June 28, in ho…
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President Ha Dong-geun of Korea District Heating Corp. (Photos: KDHC)Korea District Heating Corporation (KDHC) announced on May 28 that it was selected as an “excellent” enterprise for enhancing corporate value in 2026 by the Korea Exchange (KRX) a…
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Chairman Kim Sung-jin of Korea Power Exchange (KPX) delivers his inaugural speech as he took office at an inauguration ceremony at KPX headquarters in Naju, Jeollanam-do, on May 6.As Chairman Kim Sung-jin of Korea Power Exchange (KPX) took office, he…
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Dignitaries, including Vice Minister Moon Shin-hak of the Ministry of Trade, Industry and Resources, KOSA Chairman Jang In-hwa, POSCO President Lee Hee-geun, President Lee Bo-ryong of Hyundai Steel, President Choi Sam-young of Dongkuk Steel, Chmn. Kw…
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