CEO Ha Hyun-hwoi steps down

LG Display, in its annual personnel appointment announcement Wednesday, introduced a new chief technology officer, Yoon Soo-young. Yoon will replace incumbent CTO Kang In-byeong. All new appointments are effective January 1st, LG Display said. Yoon, formerly the head of LG Display Laboratory, has been acknowledged for his role in leading the company‘s business transition to next-generation organic light-emitting diode technology. LG Display said that it has promoted 19 more officials

Hyundai Motor Chairman Chung Euisun on Wednesday held a meeting with Lotte Group Chairman Shin Dong-bin at Lotte Chemical’s advanced materials plant in Uiwang, Gyeonggi Province, according to news reports Wednesday. The two chiefs reportedly discussed how to apply Lotte Chemical’s new materials under development to Hyundai Motor’s future eco-friendly vehicles such as electric vehicles and hydrogen vehicles. However, neither Hyundai Motor Group not Lotte Group officials said

South Korean game company Smilegate said Wednesday it has donated 50 tablet PCs worth 30 million won ($27,100) to eight youth institutions, providing the tools for students from low-income households to take online classes amid the coronavirus outbreak. For the donation, Smilegate Foundation’s Hope Studio collaborated with SundayToz, a Korean mobile game developer. After launching a donation campaign among users of its popular puzzle game Anipang 4, SundayToz raised 30 million won, which

Samyang said Wednesday that it has won a contract to supply ion exchange resins used in the purification of nuclear power plants to Korea Hydro and Nuclear Power. The chemical firm, affiliated with Samyang Holdings, said it had competed against foreign suppliers to obtain the order, becoming the first South Korean company to do so. Previously the country imported all its ion exchange resins, Samyang Corp. explained. Under the agreement, Samyang will supply 700,000 liters of four types of ion

The Transport Ministry and Incheon International Airport Corp. said Wednesday that IIAC has been chosen as the strategic advisory consulting partner for Poland’s new airport project known as the Solidarity Transport Hub.  With the 5.6 billion-won ($5.06 million) deal set to be signed later this year, IIAC will take on multiple responsibilities, including reviewing the master plan and writing a white paper for the development and operation of the new airport that is set to replace War

South Korea's information watchdog on Wednesday fined Facebook Inc. 6.7 billion won ($6 million) for passing information of at least 3.3 million South Koreans to other companies in its first crackdown on the U.S. tech giant. The Personal Information Protection Commission (PIPC) said Facebook violated the country's personal information law by providing personal information of at least 3.3 million of the country's total 18 million local users from May 2012 to June 2018 to other companies without

BAT Korea is teaming up with LS Electric to introduce solar power generation facilities at its Sacheon factory in South Gyeongsang Province, the tobacco company said Wednesday. As part of its environmental, social and governance strategy, the move will see solar power modules installed in six areas at the site, including at buildings and parking lots that occupy the space that totals 16,000 square meters. Construction work is set to begin in March next year. When completed, the factory is exp

Emergency approval application imminent for Celltrion antibody treatment; Chong Kun Dang gains approval for phase 2 clinical trial in Mexico

SK, LS, Celltrion heads emerge as candidates for top job at KCCI

Four more workers at Samsung Electronics Co.'s mobile research lab have tested positive for the novel coronavirus, the company said Wednesday, stoking concerns of group transmissions at the facility. The South Korean tech giant said an additional four virus cases were confirmed at its R5 lab in Suwon, south of Seoul, after it came out earlier this week that three workers were infected with the virus. They all worked on the same floor with an employee who tested positive for COVID-19 on Sunday

Unionized workers at Kia Motors Corp. began a partial strike Wednesday to demand higher wages and bonuses amid the COVID-19 pandemic, the union said. The workers in the morning shift walked away from their production lines at 11:40 a.m. in a four-hour strike while those on the evening shift plan to put down their tools at 8:30 p.m. for another four-hour strike. The union will stage the partial strikes until Friday, after the company and the union failed to narrow differences over wages and pe

Business sentiment in South Korea turned weak for December due to a recent resurgence of the COVID-19 pandemic, a local think tank said Wednesday.   The business survey index (BSI) of the country's top 600 companies by sales came to 98.9 for December, down from 99.5 for November, the Korea Economic Research Institute (KERI) said in a statement. "Business sentiment is expected to remain weak until next year due to uncertainties involving the pandemic. The government's aggressive

Coupang was chosen as the most popular online retail platform by millennials in a survey conducted by the UnivTomorrow Research Laboratory for the Twenties, the firm said Tuesday. The survey also showed that 47.1 percent of millennial Koreans have joined the Rocket Wow Club, Coupang’s membership service. The term “millennials” here refers to those aged 15-34. Coupang was ranked as the favorite online shopping mall with 33.8 percent. Coupang enjoyed higher popularity among yo