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Articles by Jung Ji-sung
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
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
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
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
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
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
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
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
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
Ha Heon-cheol, Chief of Logistics Staff at Republic of Korea Army Headquarters, left, and Jae-young Moon, president of HD Construction Equipment Co., Ltd., pose for a commemorative photo after signing a business agreement. HD Construction Equipment Co., Ltd. HD Construction Equipment Co., Ltd. is joining forces with the Republic of Korea Army to advance unmanned autonomous technology for construction machinery.
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
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
Average load factor of 88.5% marks a strong success Foreign passengers account for 30%, triple the Gimpo–Jeju route Connecting arrivals from the Americas and China The airline's Jeju-bound transit link for foreign tourists arriving at Incheon International Airport has clearly paid off. Jeju Air will extend operations on the Incheon–Jeju route, which has the highest share of foreign passengers among domestic routes, through October.
Maeil Business Newspaper Korea's No. 1 Economic Media
Korea Zinc Chairman Choi Yoon-bum, left, meets with Australian Prime Minister Anthony Albanese to discuss cooperation measures. Korea Zinc Korea Zinc Chairman Choi Yoon-bum met with Australian Prime Minister Anthony Albanese and moved to build an alliance to strengthen critical mineral supply chains. Korea Zinc is reviewing plans to build an integrated smelter in Australia, following a similar project in Tennessee, United States, that would process zinc, lead, copper and critical minerals.
Maeil Business Newspaper Korea's No. 1 Economic Media
The surge in exchange rates and oil prices triggered by the Middle East crisis has ultimately shaken the weakest link in South Korea’s aviation industry. Parata Air, a new low-cost carrier (LCC), has become the first domestic airline to introduce emergency management measures after the crisis, including wage returns by executives and employees and a four-day workweek.
Maeil Business Newspaper Korea's No. 1 Economic Media
Since the implementation of the Yellow Envelope Act in March, subcontracting unions have demanded direct negotiations with the original contractors, increasing confusion among companies. The business community agrees that the burden of negotiations has expanded from the original contract union to the subcontracted union, and that the risk of labor-management relations has increased due to the Labor Relations Commission's "rubber band standard." Hanwha Ocean is considered a representative example.
Maeil Business Newspaper Korea's No. 1 Economic Media
"The era when logistics companies simply handled transportation is over. The real role of logistics is to be a 'problem solver' that helps customers overcome export and supply chain crises together." The prolonged turmoil in the Middle East and the tightening of protectionist policies are pushing global logistics networks into an unprecedented crisis.
Maeil Business Newspaper Korea's No. 1 Economic Media
Integrated Korean Air to officially launch on Dec. 17 this year Annual synergy of 300 billion won to recoup investment costs Revenue of 23 trillion won and 230 aircraft to rank among the global top 10 Korean Air estimated that the integration costs stemming from its merger with Asiana Airlines could reach as much as 1 trillion won. The company expects synergies generated after the merger to fully offset those costs as early as the end of 2028.
Maeil Business Newspaper Korea's No. 1 Economic Media
Linked to the job training program 'Four Dream' Five courses in manufacturing and Smart Factory operations Intensive four-month training in Pohang starting in July A POSCO flag hanging at POSCO Center in Gangnam District, Seoul. <POSCO> POSCO Group is joining the government-led K-New Deal initiative and stepping up efforts to train young talent who can lead the AI transformation on manufacturing sites.
Maeil Business Newspaper Korea's No. 1 Economic Media
SeAH Steel will supply high-value specialty steel pipes for a green carbon capture project led by the United Kingdom government. SeAH Steel said on the 11th that it will supply about 1,750 tons of stainless steel pipes for a Carbon Capture, Utilization and Storage (CCUS) project in Teesside, United Kingdom. Carbon capture is a technology that traps carbon dioxide emitted from power plants before it is released into the atmosphere and stores it in deep-sea geological formations.
Maeil Business Newspaper Korea's No. 1 Economic Media
POSCO will produce high-purity rare gases for semiconductors domestically, reducing reliance on imports. The company is accelerating its transformation beyond a steelmaker into a materials company that supports supply chains for advanced industries such as semiconductors, aerospace and secondary batteries.
Maeil Business Newspaper Korea's No. 1 Economic Media
Apartment parking robots and quadruped robots cleared for the market through regulatory sandboxes Restrictions eased on the movement of E-9 visa workers across construction sites, helping ease labor shortages in the construction industry Non-face-to-face care for follow-up patients to be fully implemented starting in December KEF says it will secure the golden time for future industries under the principle of "allow first, regulate later" The height limit for semiconductor plants inside...
Maeil Business Newspaper Korea's No. 1 Economic Media
All global sites join in for nine days Chairman Chang In-hwa leads fire prevention efforts POSCO Group Chairman Chang In-hwa, second from left, works with volunteers to clear fallen leaves and branches around a stream in Jungsan 1-ri, Pohang, using wildfire suppression equipment made with POSCO steel. POSCO Group POSCO Group Chairman Chang In-hwa, right, installs handrails on a pavilion in Jungsan 1-ri, Pohang, to help prevent falls and make the structure safer to use.
Maeil Business Newspaper Korea's No. 1 Economic Media
Plogging event held on the 7th at the Bangudae Petroglyphs area in Ulju County with about 50 employees' family members participating HD Hyundai Heavy Industries holds Bangudae plogging event with families from six countries. HD Hyundai Heavy Industries carried out a social contribution activity aimed at fostering communication and harmony among the families of its Korean and foreign employees.
Maeil Business Newspaper Korea's No. 1 Economic Media
Jeju Air, South Korea's No. 1 low-cost carrier (LCC), has marked its 20th anniversary since launching operations. The airline is credited with delivering explosive growth by sticking to a single aircraft type to maximize cost competitiveness and becoming the first LCC in the country to surpass 100 million cumulative passengers. Jeju Air said on the 5th that it has marked 20 years since its launch in 2006.
Maeil Business Newspaper Korea's No. 1 Economic Media
Passenger numbers surpassed 137.55 million last month No. 1 in LCC passenger traffic for 20 straight years Jeju Air, South Korea's top low-cost carrier (LCC), has marked the 20th anniversary of its first flight. The airline is credited with delivering explosive growth by maximizing cost competitiveness through its steadfast commitment to operating a single aircraft type, becoming the first LCC in the country to surpass 100 million cumulative passengers.
Maeil Business Newspaper Korea's No. 1 Economic Media
Hyundai Steel seeks review of employer-status ruling Hanwha Ocean challenges ruling on catering company bargaining SK Energy, both labor and management file appeals Conflicting decisions without clear standards raise concerns that labor disputes in industry will drag on Hyundai Steel rebar yard. Labor-management conflict is showing signs of becoming prolonged amid the so-called Yellow Envelope Act, which expands employers' bargaining obligations for subcontracted unions.
Maeil Business Newspaper Korea's No. 1 Economic Media
Agreement with RMHC Korea and Inha University Hospital; land near Inha University Hospital to be provided free of charge; Walter Cho says, "We will contribute to regional medical welfare" Korean Air, Ronald McDonald House Charities Korea (RMHC Korea), and Inha University Hospital signed a memorandum of understanding on the construction and operation of a Ronald McDonald House at a ceremony marking the 30th anniversary of Inha University Hospital, held on the afternoon of the 27th at Grand...
Maeil Business Newspaper Korea's No. 1 Economic Media
HD Hyundai will supply key equipment for a next-generation small modular reactor (SMR) to TerraPower, the U.S. nuclear company founded by Bill Gates. HD Hyundai said on the 21st that its affiliate, HD Hyundai Heavy Industries, recently signed a framework agreement with TerraPower on the supply of key equipment for the sodium-cooled reactor. Won Kwang-sik, head of the Offshore Energy Business Division at HD Hyundai Heavy Industries, and Chris Levesque, CEO of TerraPower, attended the ceremony.
Maeil Business Newspaper Korea's No. 1 Economic Media
As fuel surcharges on international tickets are lowered, the burden of airfares that had surged on the back of the Middle East war is expected to ease somewhat. Korean Air said on the 18th that it will cut the fuel surcharge for international tickets issued in June by six tiers, from 33 tiers to 27 tiers. As fuel surcharges on international tickets are lowered, the burden of airfares that had surged on the back of the Middle East war is expected to ease somewhat.
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