SEOUL, Nov. 26 (Korea Bizwire) – A leading South Korean garment manufacturer, ShinTS, has inaugurated a large-scale recreational park for its workers at its Ethiopian manufacturing facility, marking a significant expansion of its employee welfare initiatives in Africa. The opening ceremony for the park and daycare center, held on November 22 at the company’s facility in [...]
SEOUL, Nov. 26 (Korea Bizwire) – Two of South Korea’s biggest shipbuilders have withdrawn their legal complaints against each other, marking a potential turning point in their fierce rivalry amid a historic boom in the nation’s defense industry. HD Hyundai Heavy Industries and Hanwha Ocean announced on November 25 that they would drop their respective criminal [...]
SEOUL, Nov. 25 (Korea Bizwire) — In an effort to tackle persistent floor noise issues in apartments, Korea Land and Housing Corporation (LH) unveiled the country’s largest soundproofing testing facility, the ‘Decibel 35 Lab,’ located at the Sejong Housing Performance Research and Development Center. This new facility simulates real apartment environments, allowing for in-depth testing [...]
SEOUL, Nov. 25 (Korea Bizwire) — The business presence of South Korean companies in China has withered palpably in recent years amid toughened competition from local rivals and sluggish domestic demand in the neighboring country, according to industry watchers Monday. In September, LG Display Co. sold its liquid-crystal display (LCD) factory in China’s Guangzhou to [...]
POHANG, South Korea, Nov. 25 (Korea Bizwire) — A POSCO factory in the southeastern city of Pohang has suffered its second fire in two weeks, officials said Monday, with no casualties reported. The fire started at the steel company’s patented No. 3 Finex furnace of the plant, located some 270 kilometers southeast of Seoul, at [...]
SEOUL, Nov. 24 (Korea Bizwire) – In a move to bolster the presence of South Korean companies in Vietnam, a consortium led by the Korea Land and Housing Corporation (LH) has completed construction of the first “Korean-style industrial complex” in the country. The Ministry of Land, Infrastructure, and Transport announced Sunday the completion of the Hưng [...]
SEOUL, Nov. 22 (Korea Bizwire) — South Korean steelmakers on Friday called for establishing a joint consultative body with the government to devise strategies for expected policy changes by the Donald Trump administration, the industry ministry said. Officials from major steelmakers, including POSCO and Hyundai Steel, made the call during a meeting with Industry Minister [...]
SEOUL, Nov. 22 (Korea Bizwire) – A mobility platform rivalry has intensified in South Korea as Tada operator VCNC announced plans for legal action against Kakao Mobility, accusing the tech giant of unfairly recruiting its drivers and mishandling personal information. According to industry sources on November 21, Tada is considering filing a complaint with the Fair [...]
SEOUL, Nov. 22 (Korea Bizwire) — Hanwha Ocean Co. said Friday it has decided to withdraw its complaint filed with the police against shipbuilding rival HD Hyundai Heavy Industries Co., citing what it called a need to cooperate for national interests. “We believe withdrawing the complaint is the right course of action to ensure the [...]
SEOUL, Nov. 22 (Korea Bizwire) — Hanjin Logistics Corp., the logistics unit of South Korea’s Hanjin Group, said Friday it has partnered with DHL Supply Chain Korea to strengthen their domestic logistics networks and services. The partnership is aimed at attracting new clients, leveraging each other’s expertise and knowledge, and jointly exploring business opportunities, the [...]