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Articles by JEONG Jiseong
Maeil Business Newspaper Korea's No. 1 Economic Media
Contract signed before certification, reflecting trust in quality and delivery capabilities Global bottlenecks in aircraft materials create a windfall LIG Defense & Aerospace to cooperate with Babcock on frigates Aluminum aerospace materials produced by SeAH Aerospace & Defense Materials.
Maeil Business Newspaper Korea's No. 1 Economic Media
AS9 self-propelled artillery produced at a local plant in Australia. The export strategy of domestic defense companies is evolving not only by exporting finished weapons products, but also by establishing a production base using local bases as a foothold. This is because it is difficult to win large orders by selling only finished products as each country's demands for protectionism and trade-offs (mandatory local production and technology transfer) have been strengthened.
Maeil Business Newspaper Korea's No. 1 Economic Media
An advanced manufacturing incubating center opened by POSCO Group in Pohang on the 22nd. POSCO Group POSCO Group has established Korea's first advanced manufacturing startup development hub in Pohang to turn innovative technologies from manufacturing startups into real products. The move is aimed at helping venture companies with strong technologies but heavy upfront infrastructure costs scale up, while also securing new growth engines for the group in advance.
Maeil Business Newspaper Korea's No. 1 Economic Media
Visits outdoor sites including Incheon Airport cargo terminal and maintenance hangars Encourages employees and partner company staff, distributes preventive supplies Introduces five large mobile circulators to combat extreme heat "Employee health on site comes first...
Maeil Business Newspaper Korea's No. 1 Economic Media
Selected as the lead organization for the Ministry of Science and ICT's defense ICT R&D project KRW 6.2 billion to be invested through 2029... automating commanders' operational planning AI analyzes battlefield big data to suggest tailored operational plans LIG Defense & Aerospace Pangyo House LIG Defense & Aerospace has begun developing an advanced command system that uses artificial intelligence (AI) to help commanders make faster operational judgments and decisions.
Maeil Business Newspaper Korea's No. 1 Economic Media
Korean Air will join international efforts to end the illegal trade in endangered wildlife, becoming the first South Korean flag carrier to do so. The airline said on the 21st that it had signed the Buckingham Palace Declaration in the United Kingdom to protect endangered species. The Buckingham Palace Declaration is an international joint declaration agreed upon in March 2016 to block transport routes used for the illegal wildlife trade.
Maeil Business Newspaper Korea's No. 1 Economic Media
Hanwha Aerospace has successfully raised funds through its first overseas public bond issuance by a domestic defense and aerospace company, drawing demand worth seven times the target. Hanwha Aerospace said on the 21st that it completed a demand forecast in Europe and Asia for a U.S. dollar-denominated public bond offering and secured $500 million, or about 741 billion won, in financing. The overseas bond to be issued is a three-year fixed-rate note.
Maeil Business Newspaper Korea's No. 1 Economic Media
4 separate elected auditors and independent directors are likely to secure 2 seats each...Management rights impact limited Renewable energy rate due to investment in Richmond, Australia A panoramic view of the Korea Zinc Onsan Smelter. Korea Zinc will hold an extraordinary shareholders' meeting on September 9 to hire four new auditors and directors.
Maeil Business Newspaper Korea's No. 1 Economic Media
Joins global task force under the British royal family Implements measures such as refusing suspicious cargo linked to smuggling Korean Air Boeing 777F aircraft Korean Air will become the first South Korean flag carrier to join international efforts to eradicate the illegal trade in endangered wildlife.Korean Air said on the 21st that it had signed the British Buckingham Palace Declaration to protect endangered species.
Maeil Business Newspaper Korea's No. 1 Economic Media
First Korean defense and space companies to issue overseas public offering bonds 3 billion in demand forecast to raise 500 million dollars for the three-year period Funding is used to repay operating funds and borrowings K9 self-propelled artillery. <Korean Air> Hanwha Aerospace succeeded in raising funds by recording a seven-fold box office hit in issuing overseas public offering bonds, the first of its kind by a domestic defense and aerospace company.
Maeil Business Newspaper Korea's No. 1 Economic Media
Incheon Airport gets crowded amid fallout from Middle East conflict Absorbing diverted demand from Dubai Airport Even tensions in China-Japan relations bring spillover gains Korean Air transit passengers up 22% Korean Air Boeing 787-10 aircraft. [Korean Air] The airline industry, squeezed by both high oil prices and a weak won, has found an unexpected way out through transit demand.
Maeil Business Newspaper Korea's No. 1 Economic Media
The airline industry, squeezed by high oil prices and a weak won, has found an unexpected way out in transit demand. As foreign transit passengers seeking alternative hubs amid Middle East risks flock to Incheon International Airport, drawn by its diverse routes and comfortable infrastructure, they are playing a key role in offsetting weak airline performance.
Maeil Business Newspaper Korea's No. 1 Economic Media
Saves 500 trees a year AI maintenance and standby reservation services Strengthens flight safety and work efficiency Jeju Air employees using the electronic flight planning solution. <Jeju Air> Jeju Air said on the 20th that it has introduced an electronic flight planning solution, aiming to improve flight crew efficiency while also protecting the environment. The electronic flight planning solution replaces the paper-based flight plan documents previously used with tablet-based digital documents.
Maeil Business Newspaper Korea's No. 1 Economic Media
7.3 trillion won flowed into single-stock leverage products in a month Individuals bought 4 trillion won worth of SK hynix leverage ETFs ETF returns were cut in half as underlying shares plunged Financial authorities raise the base deposit requirement to 30 million won Samsung Electronics and SK hynix / Photo = Yonhap News Agency Despite recent declines in Samsung Electronics and SK hynix shares, retail investors in South Korea poured more than 7 trillion won into single-stock leveraged...
Maeil Business Newspaper Korea's No. 1 Economic Media
Agriculture Defined as a 'National Security Strategic Industry' on SNS Korea's 5.19 million won vs. Europe's 25.8 million won Funding to Be Secured Through a Surge in the Special Tax for Rural Development President Lee Jae Myung [Yonhap News Agency file photo] President Lee Jae Myung has defined agriculture as a key strategic industry for national security and strongly called for a major expansion of agricultural subsidies.
Maeil Business Newspaper Korea's No. 1 Economic Media
Average retirement age from a lifetime job: 52.9 More than half return to work to make a living Only 9.8% retire at the mandatory retirement age 75% leave involuntarily, including through recommended resignation The NPS alone is not enough to prepare for old age An elderly person looks for a job at the Seoul Western Employment Welfare Plus Center in Mapo District, Seoul. /Yonhap News Agency The average age at which workers are pushed out of the jobs to which they devoted their lives is just 52.
Maeil Business Newspaper Korea's No. 1 Economic Media
Consumers flocked to Onnuri Gift Certificates worth 20% of their purchase amount An estimated 800 billion won in gift certificates will be distributed, double the expected amount Delivery delays for Galaxy S26, TVs and other products amid surging orders Provided by Samsung Electronics. Samsung Electronics' "Thank You Festival," launched to share the benefits of the semiconductor boom with the public, generated sales of 4 trillion won.
Maeil Business Newspaper Korea's No. 1 Economic Media
AI boom drives a shortage of memory semiconductors Manufacturing costs jump from 14% to 40% Ultra model's overseas price nears 3 million won Apple and Chinese makers also signal domino-like price hikes Samsung Electronics appears set to raise prices for the Galaxy Z 8 series, its next-generation foldable phones slated for release in the second half of the year. The surge in prices for key memory components, driven by the artificial intelligence boom, is behind the move.
Maeil Business Newspaper Korea's No. 1 Economic Media
Expansion of stake to 20.15% due to on-market purchases Participation in management rights despite explanation of "simple investment" HANJIN's "strong support for shareholders…"Respond calmly" Hoban Group bought additional shares of Hanjin KAL, the holding company of Korean Air, raising its stake to around 20%.
Maeil Business Newspaper Korea's No. 1 Economic Media
Total prize money of 18 million won The Steel Promotion Committee of the Korea Steel Association announced on the 10th that it will hold the "2026 Steel AI Video Advertisement Contest," which utilizes artificial intelligence (AI) to promote the value of steel. This contest accepts short advertising videos of 30 seconds or less, produced directly by participants using AI technology.
Maeil Business Newspaper Korea's No. 1 Economic Media
Ahead of the December launch of 'Integrated Korean Air' Employees from both companies join hands in joint social contribution efforts Career lectures for middle and high school students Pilots and cabin crew share their expertise On the 9th, the educational donation volunteer group from Korean Air and Asiana Airlines held an aviation career lecture at the middle school affiliated with Hanyang University College of Education in Seongdong-gu, Seoul.
Maeil Business Newspaper Korea's No. 1 Economic Media
POSCO signed a memorandum of understanding with KB Kookmin Bank on the 9th at POSCO Center in Seoul to support liquidity for client companies through supply chain finance. Lee Hee-geun, President of POSCO, left, and Lee Hwan-joo, President of KB Kookmin Bank, attended the signing ceremony. KB Kookmin Bank POSCO has joined forces with KB Kookmin Bank to offer ultra-low-interest loans to small client companies struggling with cash shortages.
Maeil Business Newspaper Korea's No. 1 Economic Media
<Hanjin> The era has begun where large cargo trucks drive autonomously on highways to deliver parcels without driver intervention. Autonomous driving for cargo trucks, which had previously remained at the level of technology verification, has entered the commercial transport stage where it generates actual revenue.
Maeil Business Newspaper Korea's No. 1 Economic Media
The union maintains that the sense of deprivation felt by field workers, who have been asked to share the burden of continuous hardship amidst the steel recession, was expressed through the record-breaking voter turnout and approval rate. On the 9th, the POSCO Labor Union, affiliated with the Federation of Korean Metal Workers' Unions (FKTU), declared the approval of the vote on industrial action regarding the 2026 collective bargaining, which was held over two days starting on the 8th.
Maeil Business Newspaper Korea's No. 1 Economic Media
HMM is close to signing a long-term shipping contract with the world's largest mining company. The company's drive to improve its business structure, which began after Choi Won-hyuk took office as president in March last year, is now paying off in the form of long-term contract wins. According to the shipping industry on the 8th, HMM has recently been pushing ahead with a long-term dedicated vessel contract with Brazilian mining company Vale.
Maeil Business Newspaper Korea's No. 1 Economic Media
Completed calculation and verification of overseas greenhouse gas emissions Disclosed data on human rights and labor conditions at nine European affiliates Strengthened response capabilities for nine key issues, including climate change CEO Lee Yong-ho: “We will continue transparent communication” LX Pantos' 2026 Sustainability Management Report.
Maeil Business Newspaper Korea's No. 1 Economic Media
KRW 16 million donated to the Red Cross President Jung Moo-kyung and other executives take part Korea Zinc President Jung Moo-kyung, sixth from the left in the middle row, and Korean Red Cross Seoul Chapter Vice Chairman Park Jong-geun, fifth from the left in the middle row, pose for a commemorative photo with volunteers at the donation ceremony. (Photo: Korea Zinc) Korea Zinc has stepped up efforts to help vulnerable residents cope with the intense summer heat.
Maeil Business Newspaper Korea's No. 1 Economic Media
Chang Sae-wook, vice chairman of Dongkuk Steel Group, called for a fundamental organizational overhaul on the company's 72nd anniversary, saying it should go beyond simply adopting artificial intelligence (AI) and amount to founding the company anew. He made the remarks at the 72nd anniversary ceremony held on the 7th at Ferrum Tower, the company's headquarters in Suha-dong, Jung-gu, Seoul. In his anniversary address, he urged employees to embrace "Corporate Refounding" as a key theme.
Maeil Business Newspaper Korea's No. 1 Economic Media
A self-employed terminal in the port of Alessiras, Spain, used by HMM as a hub port. HMM HMM has opened a new container route linking Europe and West Africa. It is a signal that the "Hub & Spoke" strategy, in which small and medium-sized ships connect the surrounding ports like spider webs, is in full operation, centering on the base ports where large ships come and go. HMM announced on the 7th that it will start the first operation of the new container route "MA2" linking Spain and West Africa.
Maeil Business Newspaper Korea's No. 1 Economic Media
Employees of Hyundai Elevator pose for a commemorative photo after making block pencil cases. Employees at Hyundai Elevator rolled up their sleeves to help children in East Asia who face poor educational conditions. Hyundai Elevator said on the 7th that it had successfully completed its global social contribution activity, 'Making Block Pencil Cases,' which was carried out through voluntary participation by employees.
Maeil Business Newspaper Korea's No. 1 Economic Media
Return After 40 Years All Employees Relocated. No Personnel Remaining in Seoul OO Minister of Oceans and Fisheries Hwang Jong-woo (left) and Heung-A Shipping President Lee Hwan-gu pose for a photo after the event at the announcement ceremony for Heung-A Shipping's Busan relocation plan held at the President Hotel in Jung-gu, Seoul on the 7th. Yonhap News Heung-A Shipping, a subsidiary of Jang Keum Shipping, is relocating to Busan.
Maeil Business Newspaper Korea's No. 1 Economic Media
Assembling pencil cases during lunch breaks Delivered to underprivileged children in East Asia Hyundai Elevator employees pose for a commemorative photo after taking part in the 'Block Pencil Case Making' volunteer activity held at the main auditorium of the Chungju Smart Campus on the 23rd of last month. <Hyundai Elevator> Hyundai Elevator employees rolled up their sleeves to help children in East Asia who face poor educational conditions.
Maeil Business Newspaper Korea's No. 1 Economic Media
KEA Poongsan Group is pushing ahead with the construction of a world-class golf course in the wildfire-affected area of Andong, North Gyeongsang Province. This move is interpreted as an effort to revitalize Andong's economy, which has been stagnant due to wildfires, while also aligning with the government's policy direction of advancing the service industry.
Maeil Business Newspaper Korea's No. 1 Economic Media
Poongsan Group is pushing ahead with plans to build a world-class golf course in the wildfire-damaged area of Andong, North Gyeongsang Province. The move appears aimed at revitalizing Andong’s sluggish economy while also aligning with the government’s push to upgrade the service sector.
Maeil Business Newspaper Korea's No. 1 Economic Media
Keynote speech at the ICSB World Congress in Washington, D.C. First keynote by a Korean female executive Introduced a win-win platform for small business owners Hanjin President Cho Hyun-min delivers a keynote speech at a global academic event in Washington, D.C. [Hanjin] Hanjin President Cho Hyun-min called for a fair market environment for women executives and small business owners on the global stage.
Maeil Business Newspaper Korea's No. 1 Economic Media
Funds raised through a Japanese samurai bond KEXIM also injects 700 billion won in export finance Delivery of 103 next-generation Boeing aircraft to accelerate Korean Air said on the 6th that it had successfully issued a 20 billion yen samurai bond(a yen-denominated bond). A samurai bond refers to a yen-denominated bond issued in Japan by a foreign company or institution. The latest offering was backed by a guarantee from The Export-Import Bank of Korea (KEXIM).
Maeil Business Newspaper Korea's No. 1 Economic Media
On the 3rd, HMM new employees pick up marine debris at Geojampo Beach on Yeongjong Island, Incheon. HMM HMM, the country's largest shipping company, has launched an environmental cleanup campaign with its new employees to help preserve marine ecosystems. The effort was aimed at reaffirming the importance of the ocean and fulfilling the company's social responsibility.
Maeil Business Newspaper Korea's No. 1 Economic Media
Competition for increased routes to China by national airlines is at its peak in order to preempt the Korea-China skyway, which is expanding for the first time in seven years. According to the aviation industry on the 5th, the two countries agreed to expand transportation rights 70 times per week (56 passengers per week and 14 cargo per week) depending on the results of the Korea-China aviation talks at the end of May this year.
Maeil Business Newspaper Korea's No. 1 Economic Media
The global steel market is rapidly being reorganized into a phase of individual survival due to the strengthening of protection trade in each country. The domestic steel industry is under pressure for both exports and profitability due to unfavorable factors such as Japan's anti-dumping investigation, the European Union's reduction of the quota system, and the U.S. pressure on local production.
Maeil Business Newspaper Korea's No. 1 Economic Media
MOU on Advancing Unmanned Equipment at Gyeryongdae Reinforcing operational facilities and deploying to disaster sites Donations also delivered to families of fallen soldiers HD Construction Equipment and Republic of Korea Army Headquarters signed a memorandum of understanding on technology exchange and training for maintenance personnel, including the unmanned operation of construction equipment.
Maeil Business Newspaper Korea's No. 1 Economic Media
Collected trash at Geojampo Beach After adopting the companion beach in 2023, carried out cleanup activities at least twice a year Reaffirmed the importance of the shipping industry’s foundation On the 3rd, HMM new employees pick up marine waste left on the beach during a companion beach cleanup activity held around Geojampo Beach on Incheon’s Yeongjongdo Island.
Maeil Business Newspaper Korea's No. 1 Economic Media
Jeju Air flight attendants and players from JejuSK FC took part in a plogging activity for marine cleanup at Nonjitmul Beach in Seogwipo City, Jeju, on the 2nd. <Jeju Air> Jeju Air flight attendants and players from JejuSK FC pose for a commemorative photo after taking part in a plogging activity for marine cleanup at Nonjitmul Beach in Seogwipo City, Jeju, on the 2nd.
Maeil Business Newspaper Korea's No. 1 Economic Media
POSCO Group is making a major shift from its core steel business to a resource-centered "triple core" structure by adding battery materials and energy. In particular, its holding company, POSCO Holdings Inc., plans to sell shares in listed subsidiaries it currently holds, keeping only about 50%—the minimum level needed to secure management control—to raise as much as 3.8 trillion won in firepower.
Maeil Business Newspaper Korea's No. 1 Economic Media
The Korea Fair Trade Commission (KFTC) has asked domestic refiners and shipping companies for their views on the merger review involving Janggeum Maritime, an affiliate of Janggeum Maritime, and Mediterranean Shipping Company (MSC), the world's largest shipping line. In South Korea's refining and shipping industries, the prevailing view is that if the two companies combine, they could wield monopolistic influence in the very large crude carrier (VLCC) charter market.
Maeil Business Newspaper Korea's No. 1 Economic Media
Participants in the 'Economic Leap Forward Meeting' pose for a commemorative photo at the Korea Chamber of Commerce and Industry on the 1st.
Maeil Business Newspaper Korea's No. 1 Economic Media
Sohn Kyung Shik, chairman of the Korea Enterprises Federation (KEF), asked political leaders to strengthen employers' defenses to prevent side effects from the revised Articles 2 and 3 of the labor union law, also known as the Yellow Envelope Act. KEF held a policy meeting with the People Power Party at Korea Employers' Federation Hall on the 1st and delivered a proposal from the business community. Sohn stressed the need to reform outdated labor-related laws and systems.
Maeil Business Newspaper Korea's No. 1 Economic Media
Meeting of the Korea Chamber of Commerce and Industry to make a great economic leap forward "Investment should be predictable" Emphasis on the speed of AI and robot ecosystem Let's create a communication cooperative" Participants of the 'Economic Great Leap Conference' held at the Korea Chamber of Commerce and Industry on the 1st are taking commemorative photos.
Maeil Business Newspaper Korea's No. 1 Economic Media
PE and PP prices cut by up to 200,000 won per ton Retroactively applied to shipments from June Expected to create a trickle-down effect from government naphtha support SK geo centric has lowered the delivery prices of major chemical products for small partner companies that are struggling with higher raw material costs and high oil prices, taking steps to strengthen win-win cooperation.
Maeil Business Newspaper Korea's No. 1 Economic Media
The European Union (EU) raised the protection trade flag high after confirming a plan to reduce the steel quota, which had been subject to zero tariffs, by nearly half. South Korea has kept a relatively large number of tariff-free quotas through negotiations with the EU, but domestic steel companies are on the defensive as the protection trade barrier has been raised to the EU following the US.
Maeil Business Newspaper Korea's No. 1 Economic Media
First official event ahead of the launch of the integrated carrier First meeting of more than 40 security staff from both airlines Discussion on ways to establish a voluntary security culture Korean Air said on the 30th that it recently held the "First Security Culture Workshop" at its headquarters in Gangseo District, Seoul. Participants in the "First Security Culture Workshop" pose for a commemorative photo.
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