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Monday, August 8, 2022
Korean tobacco firm moves into Center 1 building British American Tobacco has relocated the head office of its Korean unit to downtown Seoul. The outfit has been based in southern Seoul for the past 16 years. BAT Rothmans, the South Korean...
Randy Park will head Korean automaker’s US unit Hyundai Motor America has named Randy Parker as its new CEO, which will be effective as of August 1. The Seoul-based brand is the largest automaker in South Korea. He is set to...
Tanks, howitzers, fighter jets will be purchased Poland signed on July 27 to purchase South Korean weapons, including K2 battle tanks, K9 self-propelled howitzers, and FA-50 light attack fighters. Under the contract, the European country will purchase 980 K2 battle tanks...
Two companies reach long-term supply agreement LG Chem, South Korea’s largest chemical company, announced on July 27 that it had reached an agreement for a long-term supply of cathode active material (CAM) to General Motors. LG Chem is set to offer...
Total investment in United States would amount to $52 billion SK Group Chairman Chey Tae-won has promised to invest an additional $22 billion in the United States, increasing the conglomerate’s total expenditure plan there to $52 billion through 2030 (See...
U.S. President will discuss direct investment U.S. President Joe Biden will have a video conference with SK Group Chairman Chey Tae-won with regards to the group’s investment in the United States, the White House said on July 26. The virtual meeting...
Unionists finish occupation of large-sized oil carrier Contractor unionists of Daewoo Shipbuilding and Marine Engineering (DSME), one of the world’s largest shipbuilders, agreed on July 22 to finish their strike in 51 days (See the Korea News Plus article on...
KDB chief vows to stop financial support Daewoo Shipbuilding and Marine Engineering (DSME) is feared to go bankrupt as its owner Korea Development Bank (KDB) threatens to stop its support amid the prolonged strike. Subcontractors have been on strike for longer...
Two automotive giants will collaborate in AAM market Hyundai Motor said Tuesday that it would join forces with Rolls-Royce to cooperate in bringing electric and hydrogen technology to the advanced air mobility (AAM) market. Toward that end, chiefs of the two...
CJ OliveNetworks will offer consulting services for Incheon Airport South Korean system integrator CJ OliveNetworks said on July 14 that it had agreed to offer consulting services for new projects in Incheon International Airport. Under the contract, the Seoul-based company will...

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