Huawei Technologies Korea will continuously stay committed to working with its partners to develop green and low-carbon technologies to attain carbon neutral goals, its top executive said Thursday. “We promise to cooperate with South Korean partners to build a better green digital life in the following year,” Sun Luyuan, the chief executive officer of the Chinese tech giant's Korean unit said in a year-end press conference at the Grand Hyatt Hotel in Seoul. Huawei's green

Technology Dec. 15, 2022

South Korean steel giant Posco said Tuesday it was named the world’s most competitive steelmaker for the 13th consecutive year. In an annual global industry assessment of 35 steelmakers from around the world, steel information service provider World Steel Dynamics (WSD) gave Posco an average score of 8.5 points out of 10, according to the Korean company. Established in 1999, the WSD is the only organization to announce the competitiveness index among the world's steelmakers. Based o

Industry Dec. 13, 2022

LG Uplus Chief Executive Officer Hwang Hyun-sik, dressed as Santa Claus, delivers a gift to a boy at a Christmas party at an orphanage in Yongsan, central Seoul, Monday afternoon. As part of the telecom carrier's social contribution program that started in 2017, company executives visit welfare facilities every year to donate goods and spend time with children there.

Industry Dec. 13, 2022

Samsung Electronics, which completed its annual executive reshuffle Friday, will embark on a global strategy meeting starting this week to establish business strategies for next year amid persistent uncertainties over the macroeconomic environment. Samsung’s global strategy meeting, which is held biannually in June and December, is a venue where executives at local and global units gather to review business conditions of each sector and discuss new growth engine plans for the upcoming ye

Technology Dec. 12, 2022

LG Group said Sunday it has donated 12 billion won ($9.2 million) to the Community Chest of Korea as part of its year-end charitable giving. LG Corp. President Ha Beom-jong (center left) and Cho Heung-sik (center right), chairman of the Community Chest of Korea, pose for a photo during the ceremony held at the charity’s Seoul office Friday.

Industry Dec. 11, 2022

South Korea’s intellectual property agency chief has been chosen as one of the 50 most influential people from the intellectual property industry this year by UK magazine Managing IP. Korean Intellectual Property Office Commissioner Lee Insil was named on the list released Tuesday, which also included US President Joe Biden and World Trade Organization Director General Ngozi Okonjo-Iweala. Lee was the only Korean IP expert to win the feat this year. The IP chief has been recognized for her

Industry Dec. 11, 2022

A total of 24 Korean companies have been added to the Dow Jones Sustainability World Index (DJSI World) this year, the Korea Productivity Center said Sunday. The selected domestic companies include SK Telecom, LG Electronics, Kia, Hyundai Engineering & Construction, S-Oil, Shinhan Financial Group, KB Financial Group and Samsung SDI, according to the public institution. The DJSI World is part of a larger family of Dow Jones Sustainability Indices (DJSI) launched in 1999 as the first global sustai

Industry Dec. 11, 2022

South Korea's antitrust watchdog said Friday that it would deal sternly with the nation’s unionized cargo truckers for hindering an on-site probe into its head offices as their walkout continues over a week. Investigators of Fair Trade Commission visited the union's headquarters in Seoul and Busan to see whether its members had forced other workers to stop their transport duties or join the strike. Deterred by union members to enter the offices, the FTC Chairman Han Ki-jeong

Industry Dec. 2, 2022

Korean dating reality show “Ramyun & Chill” is gaining global attention following its launch on the official YouTube channel of DKDKTV earlier last month. “Ramyun & Chill” is a five-episode show that features five Korean male participants and five female participants from the US, Hong Kong, Belgium, South Africa and Malaysia, dating each other for four days and three nights to find true love while overcoming language and cultural barriers. “The biggest cha

Television Dec. 2, 2022

South Korea’s largest private equity firm Hahn & Company said Friday it has completed the acquisition of the industrial film business of SK Group affiliate SKC in a deal worth 1.6 trillion won ($1.2 billion). The latest deal is the largest merger and acquisition closed in the country this year amid M&A jitters globally. The company said SKC’s industrial film business has full potential as its products are widely used in advanced technologies for the display, mobile and se

Market Dec. 2, 2022

SK Group, the nation’s second-largest conglomerate, appears to be seeking stability rather than drastic changes in the face of economic uncertainty, as it carried out a modest year-end leadership reshuffle across affiliates. SK Supex Council, the group’s top decision-making body, said its Chairman Cho Dae-sik will extend his two-year term again for a fourth time since he took the post in a unanimous vote among council members in 2017. The council, however, replaced the heads of the f

Industry Dec. 1, 2022

One month after Lee Jae-yong was promoted to the top post at Samsung Electronics, South Koreans are found to have a more favorable view of him than before, data showed Thursday. According to research firm Data&Research, a total of 18,335 online posts, excluding news reports, featuring the phrase “Chairman Lee Jae-yong” have been published in the month since his promotion to chairman on Oct. 27. The figure almost doubled from 9,764 posts a month earlier. During the same period, Le

Industry Dec. 1, 2022

Samsung Electronics said Wednesday it will boost the supply of 5G network solutions to Japan’s No. 1 mobile operator NTT Docomo. After being chosen as a 5G network solution provider for Docomo in March, Samsung will provide additional 5G network radio units, which can send out major frequency bands operated by the Japanese mobile operator. Docomo has nearly 84 million users across the neighboring country as of March. The Japanese telecom company launched 5G services in March 2020. With str

Technology Nov. 30, 2022

US President Joe Biden will visit SK Siltron CSS in Michigan, the American branch of silicon wafer maker SK Siltron under South Korea's SK Group, on Tuesday, according to the White House and industry sources here. The surprise visit will mark the president’s first visit to a Korean semiconductor facility in the US. The US president was expected to arrive at the plant Tuesday afternoon, the latest development surrounding his renewed push for rebuilding the US manufacturing sector. He w

Industry Nov. 29, 2022

South Korean users spent less time on Twitter compared to the month before billionaire Elon Musk took over the social media platform in a drama-plagued $44 billion deal, industry data showed Monday. According to local data tracker Mobile Index, the average time a local user spent on Twitter was 43.94 minutes for the four weeks of Oct. 28 to Nov. 24, down from 45.9 minutes marked a month prior to the highly publicized purchase. The number of daily active users on the platform in that period, howe

Technology Nov. 28, 2022