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S. Korean Companies Left Out of ‘RE100’ Renewable Energy Initiative

S. Korean Companies Left Out of ‘RE100’ Renewable Energy Initiative

SEOUL, Nov. 26 (Korea Bizwire) – With an increasing number of global corporations including Google, Apple and General Motors pledging support for RE100, a “global initiative uniting more than 100 influential businesses committed to 100 percent renewable electricity,” not a single South Korean company has yet to join the initiative. The initiative, which is led [...]

Chinese Cars with Korean-made Batteries Excluded from Chinese Subsidies

Chinese Cars with Korean-made Batteries Excluded from Chinese Subsidies

SEOUL, May 24 (Korea Bizwire) — Sources in China say that electric cars equipped with Korean-made batteries were not included in a list of cars awarded subsidies by the Chinese government. According to industry insiders, the Ministry of Industry and Information Technology in China announced on its website yesterday a list of car models that [...]

Korean Companies Fined 1.7 Tril. Won Overseas for Collusion Charges for 5 Years

Korean Companies Fined 1.7 Tril. Won Overseas for Collusion Charges for 5 Years

SEOUL, Nov. 19 (Korea Bizwire) – The amount of fines imposed on Korean companies for collusion by foreign authorities since 2010 totaled about 1.7 trillion won. According to the Korean Fair Trade Commission on November 18, the amount of fines that competition authorities of various countries imposed on Korean cartels over the past five years starting from 2010 is [...]