SEOUL, Jan. 24 (Korea Bizwire) – An appellate court ruled on Wednesday against South Korea’s largest logistics firm, CJ Logistics, in a suit the company filed to reverse a national committee decision striking down CJ’s denial of collective bargaining for a delivery workers’ union. The courier union under the Korean Confederation of Trade Unions (KCTU), [...]
SEOUL, Jan. 24 (Korea Bizwire) — The Korean Customs Service has detected carcinogenic substances, including lead and cadmium, in counterfeit earrings being distributed in the country. In November of last year, the agency intercepted 142,930 items infringing intellectual property rights, including counterfeits imported into South Korea. Upon analyzing 83 products that come into direct contact with [...]
SEOUL, Jan. 24 (Korea Bizwire) — HD Hyundai Construction Equipment has opened the doors to an innovative training center that utilizes virtual reality (VR) and digital twin technology for excavator operation instruction and product verification. The grand opening of the “Virtual Training Center” took place at the HD Hyundai Global R&D Center (GRC) in Pangyo, Gyeonggi [...]
SEOUL, Jan. 24 (Korea Bizwire) — High value-added ammonia carries have emerged as a new marketplace for South Korean shipbuilders, industry data showed Wednesday, amid a recent surge in global orders in line with a decarbonization trend. HD Korea Shipbuilding & Offshore Engineering Co. and two smaller rivals in South Korea have clinched all 15 [...]
SEOUL, Jan. 23 (Korea Bizwire) — South Korea’s producer prices moved up 0.1 percent on-month in December due to the higher cost of agricultural products and gas, the central bank said Tuesday. The producer price index, a major barometer of consumer inflation, came to 121.19 last month, up from 121.02 tallied in November, according to [...]
SEOUL, Jan. 23 (Korea Bizwire) — Daewoo Engineering & Construction Co. said Tuesday it has completed a major sea bridge construction project in India carried out together with the country’s Tata Group. The company said it has finished the construction of the 21.8-kilometer-long Mumbai Trans Harbour Sea Link, which began in 2018 in partnership with [...]
SEJONG, Jan. 23 (Korea Bizwire) — South Korea’s industry ministry said Tuesday it plans to spend 100 billion won (US$74.6 million) this year to support local businesses seeking to bring their production back home from overseas. The amount marks a 75 percent rise from the 57 billion won allocated in 2023, according to the Ministry [...]
SEOUL, Jan. 22 (Korea Bizwire) – The government announced several measures aimed at reforming regulations related to people’s livelihoods, including scrapping the policy mandating large retailers to close their stores on Sunday twice a month, officials said Monday. The announcement was made during a government-public debate, the fifth in a series of sessions, led by [...]
SEOUL, Jan. 22 (Korea Bizwire) – South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Monday it has bagged a 491.1 billion-won (US$366 million) order to build three very large ammonia carriers for a shipper based in Central and South America. HD Hyundai Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding [...]
SEOUL, Jan. 22 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Monday it has clinched a 331.2 billion-won (US$247 million) order for two very large ammonia carriers (VLACs) from an Oceanian shipper. The eco-friendly vessels will be constructed at Hanwha Ocean’s shipyard in Geoje on the south coast and delivered to the [...]