Archive by category Business

SK to offer long-term EV rentals
SK to offer long-term EV rentals

SK rent-a-car was set to begin long-term rental services of electric vehicles from Mar. 18 on Jejudo Island, where an EV expo is being held, company officials …

Hyundai Motor unveils EV Ioniq at Jeju expo
Hyundai Motor unveils EV Ioniq at Jeju expo

Hyundai Motor’s Ioniq Electric is displayed at the 3rd International Electric Vehicle Expo. (Hyundai Motor) JEJUDO ISLAND — South Korea’s top …

Standard Chartered committed to growing in Korea: chairman
Standard Chartered committed to growing in Korea: chairman

 Standard Chartered chairman John Peace said in Seoul on Friday that the U.K. banking service group is committed to the Korean market, brushing off industry …

Carmakers showcase green tech at EV expo
Carmakers showcase green tech at EV expo

(Yonhap) JEJUDO ISLAND — More than 140 electric car and parts makers gathered on Jejudo Island to showcase their latest green auto technologies. Global …

Eugene ups stake in takeover target Tong Yang
Eugene ups stake in takeover target Tong Yang

Eugene Corp., the country’s largest ready-mix concrete-maker, raised its stake in its takeover target Tong Yang to more than 10 percent, making it the …

DHL, UPS bid for Logen Logistics
DHL, UPS bid for Logen Logistics

Global courier giants DHL and UPS are among the suitors who submitted preliminary offers for Logen Logistics, Korea’s fourth-largest package delivery firm, …

Mirae’s takeover of KDB units priced at $2.05b
Mirae’s takeover of KDB units priced at $2.05b

Mirae Asset Financial Group, a local financial service provider, has agreed to take over two units of state-run Korea Development Bank for 2.38 trillion won …

Samsung, Shinsegae in conflict over mobile payment tool
Samsung, Shinsegae in conflict over mobile payment tool

South Korea’s two leading conglomerates — Samsung Group and Shinsegae Group, which share the same lineage — have been locked in an unusual …

CJ chairman withdraws from board of holding company
CJ chairman withdraws from board of holding company

Shareholders of CJ Group’s two main pillars — CJ Corporation and CJ Cheiljedang — approved a plan to replace the group’s ailing chairman Lee …

LTP Global expands overseas business
LTP Global expands overseas business

LTP Global’s factory in Hwaseong, Gyeonggi Province (LTP Global) LTP Global, a local packaging manufacturer, is seeking to expand its overseas business after …

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