US-China tensions, enhanced corporate regulations stand as risks

Philips stresses prevention, connectedness and personalized home care for all

Hyundai Motor Group's environment-friendly vehicle sales in the global market jumped 36 percent to over 500,000 units in 2020 from a year earlier, industry data showed Sunday. Hyundai Motor Co., South Korea's top automaker, and its affiliate Kia Motors Corp. sold a total of 501,487 units of eco-friendly models, including electric vehicles (EVs), hybrid models and fuel-cell EVs, worldwide last year, according to their sales data. By type, gasoline hybrid models accounted for 52 percent of the t

An appellate court will give a verdict on Monday for Samsung heir Lee Jae-yong in a retrial of a bribery case involving former President Park Geun-hye. Lee, vice chairman of Samsung Electronics Co., faces charges that he bribed Park and her longtime friend, Choi Soon-sil, to win government support for a smooth father-to-son transfer of managerial power at Samsung. Park was later impeached and ousted from presidency for corruption and abuse of power. Prosecutors are seeking a nine-year pris

The head of South Korea's leading business lobby group on Friday sent a letter to a Seoul court asking for leniency in the upcoming sentencing of the Samsung Group heir in a bribery case, the group said. Park Yong-maan, who heads the Korea Chamber of Commerce and Industry (KCCI), sent the letter to the Seoul High Court and asked judges to render lenient sentencing on Samsung Electronics Vice Chairman Lee Jae-yong. The plea marked the first time that Park has written a character reference l

LG Energy Solution and SK Innovation are yet again butting heads, this time over freshly launched intellectual property rights suits they both filed against each other at the US Patent and Trademark Office. The patent dispute is one of the many legal fights the two Korean rivals are embroiled in. The tension has only escalated ahead of an imminent final determination by the US International Trade Commission on a trade secret dispute, which has been the main point of contention between LG Energ

Changwon and Tongyeong tapped to jointly run pilot project for building hydrogen transportation complex

Bid adieu to panicky moments of lost keys or pets. Samsung Electronics‘s SmartTag technology, enabling users to locate what’s precious and dear to them, began generating buzz around the tech sphere Friday, a day after the Galaxy Unpacked 2021 event. The SmartTag is a corporeal electronic tag that can be attached to a leash or a key chain. Powered by Samsung Electronics’ SmartThings Find technology, Galaxy users can conveniently track tagged objects. Samsung suggests putting t

Hyundai Motor Co. said Friday it will build its first overseas hydrogen fuel-cell systems plant in China to make a presence in global hydrogen markets. Hyundai will produce 6,500 fuel-cell systems for hydrogen-powered vehicles annually at the plant in China's southern city of Guangzhou, starting in the second half of 2022. It will consider increasing the production depending on future market demand, the company said in a statement. The plant's construction begins next month. The South Korean

Global industry leaders look to collaborate, while some warn developments may lead to greater divide

Posco Chemical Co., an affiliate of South Korea's steel giant Posco Group, said Friday it has raised 1.3 trillion won ($1.1 billion) by new stock sales to fund its rechargeable battery material business. Posco Chemical said it sold 16.47 million shares at 77,300 won to the company's employee stock ownership association and existing shareholders between Wednesday and Thursday, with its subscription rate at 103 percent. The new shares will be listed on the Seoul bourse on Feb. 3, the firm said.

Samsung Electronics Co. unveiled its new flagship Galaxy S21 series phones on Friday, featuring trendy K-pop acts such as megastar BTS and eccentric alternative group Leenalchi, as the South Korean tech giant eyes capturing young smartphone users around the world. The South Korean smartphone maker introduced the Galaxy S21 series, which comes in three models -- the 6.2-inch S21, the 6.7-inch S21+ and the 6.8-inch S21 Ultra -- at the livestreamed online Galaxy Unpacked 2021 event that drew in a

GC Pharma, Daewoong, Chong Kun Dang set to follow Celltrion with their own drugs

Shin presses CEOs over retail group’s sluggish performance

Ministry crosses out outdated models, diversifies technical requirements