News
SK Social Compensation Model Creates Value in Japan
2+ hour, 13+ min ago (222+ words) The "Social Progress Credit (SPC)," a social performance compensation model of the Center for Social Value Enhancement Studies established by SK, has achieved operational results in Japan, proving its potential for expansion into the global market. The Center for Social…...
Hankook Tire Wins Honda Supplier Award
1+ day, 2+ hour ago (234+ words) Hankook Tire & Technology (hereinafter Hankook Tire) announced that it received the "Excellence in Quality and Delivery" award at Honda's "2025 Outstanding Supplier' ceremony held in Columbus, Ohio, in April. Honda evaluates its North American partners each year on a comprehensive basis…...
South Korea Cosmetics Trade Surplus Tops $10 Billion
6+ day, 6+ hour ago (637+ words) Last year, Korea's cosmetics trade surplus reached $10. 1 billion, marking the first time it has surpassed $10 billion. At the same time, Korea overtook the United States to become the world's second-largest cosmetics exporter after France. The Ministry of Food and Drug…...
Strike Votes Pass at Five Kakao Affiliates
1+ week, 3+ hour ago (459+ words) Businesskorea Union Says Management Accountability and Fair Pay Are Key Demands Labor-management tensions at Kakao have reached a fever pitch as five major entities within the Kakao group secured the legal right to take collective action. Internal discontent over a…...
Bonus Demanded by Samsung Union Could Fund Another Pyeongtaek Plant
1+ week, 2+ day ago (265+ words) According to the business community and online communities on May 19, the data converts the 45 trillion won by applying it to various future business areas such as the construction of semiconductor production lines, global mergers and acquisitions (M&A), artificial intelligence (AI)…...
U. S. Finalizes 3. 70% Countervailing Duty on POSCO Steel
1+ week, 2+ day ago (455+ words) The United States government has effectively judged POSCO's industrial electricity rate system and Emissions Trading System (ETS) as a "subsidy' and has finalized the imposition of countervailing duties (CVD). Analyses suggest that the electricity rates and carbon policies applied to the…...
Kakao Affiliates Face First-Ever Strike Risk
1+ week, 2+ day ago (455+ words) Businesskorea Mediation failed on May 18 as wage talks collapsed across key units Kakao affiliates have entered the most severe labor-management conflict in company history, as wage negotiations between the two sides have failed to narrow the gap. Despite mediation efforts…...
Lotte Halts Sale Talks with Affinity Equity Partners
1+ week, 2+ day ago (210+ words) Lotte Group said on May 18 that it would discontinue discussions with Affinity Equity Partners on the sale of its stake in Lotte Rental." Lotte Group said it had continued consultations with Affinity Equity Partners after receiving the review result from…...
Global Bond Yields Surge, Pressuring Korean Stocks
1+ week, 2+ day ago (631+ words) The yield on the 10-year US Treasury note, considered the representative long-term interest rate of the United States and a barometer of the global economy, has breached the psychological resistance line of the market at 4. 5%. UK and Japanese government bond…...
High Oil Prices and Inflation Trigger Fear of Interest Rate Hikes
1+ week, 3+ day ago (894+ words) Businesskorea It Begins Hitting Mid-Sized Firms First Rising international oil prices and inflation concerns fueled by the conflict in the Middle East are once again stoking fears of interest rate hikes. Although the Bank of Korea's benchmark interest rate remains…...