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Articles by Seo Dong-cheol
Maeil Business Newspaper Korea's No. 1 Economic Media
Lotte Group will hold a Value Creation Meeting (VCM), formerly known as the presidents' meeting, on the 15th to discuss management strategies for the second half of the year. Shin Dong-bin, who will chair the meeting, is expected to review the performance of major affiliates in the first half and urge company heads to seek new businesses, accelerate the AI transformation (AX), and restore the competitiveness of core operations.
Maeil Business Newspaper Korea's No. 1 Economic Media
As Homeplus, which had been undergoing corporate rehabilitation procedures, could face bankruptcy due to the court's decision to abolish rehabilitation, there are concerns about the large supermarket industry, which is suffering from sluggish management due to changes in shopping patterns and lack of online and delivery responses.
Maeil Business Newspaper Korea's No. 1 Economic Media
GS Retail and Hyundai Motor Company launch joint marketing A virtual product that went viral on social media is now being released Created as a sandwich-style ice cream GS25 is pursuing an unusual collaboration with Hyundai Motor Company that combines retail and the automotive industry. A model poses with the ice cream "Hyuncha Bread Bread," jointly developed by the two companies.
Democratic Party slashes nuclear energy budget, raises renewable spending
South Korea's major opposition Democratic Party on Monday slashed the budget on nuclear energy-related projects and raised spending on the renewable energy sector. Democratic Party lawmakers unilaterally approved the next year's budget of the Ministry of Trade, Industry and Energy without the presence of their ruling party counterparts during a plenary session on Monday.
Democratic Party slashes nuclear energy budget, raises renewable spending
South Korea’s major opposition Democratic Party on Monday slashed the budget on nuclear energy-related projects and raised spending on the renewable energy sector. Democratic Party lawmakers unilaterally approved the next year’s budget of the Ministry of Trade, Industry and Energy without the presence of their ruling party counterparts during a plenary session on Monday.
Self-employed businesses see 45.7 percent surge in August electricity costs
This summer’s scorching heatwave has driven electricity consumption by mom-and-pop and self-employed businesses to record levels, with electricity bills in August 1.5 times higher than the previous year. As per data obtained by Representative Kim Hoi-jae of the Democratic Party of Korea on Thursday, the average electricity bill for general use in August amounted to 701,790 won ($525.49), a substantial increase compared to 410,047 won in 2021 and 481,660 won last year.
S. Korean opposition party leader launches hunger strike - Pulse by Maeil Business News Korea
Lee Jae-myung, the South Korean politician and representative of the opposition Democratic Party of Korea, has embarked on an indefinite hunger strike as a form of protest against the Yoon Suk Yeol administration. The hunger strike started at 1 p.m. on Thursday at the National Assembly. During a press conference held to mark his one-year tenure as the opposition party’s representative, Lee declared his intention to oppose any actions that could harm democratic values.
Potential arrest warrant reignites judicial risk for opposition party leader Lee - Pulse by Maeil Business News Korea
Democratic Party leader Lee Jae-myung’s “judicial risk” resurfaced Thursday as he appeared for questioning at a prosecutors’ office over alleged breach of duty related to Baekhyeon-dong development project in Seongnam, Gyeonggi, during his time as the city’s mayor. The common concern of the opposition, which accuses prosecutors of political persecution, and the ruling party, which calls for Lee’s resignation, is when prosecutors will seek an arrest warrant for the opposition party leader.
Korean government steps up efforts to make college entrance exam fairer - Pulse by Maeil Business News Korea
The South Korean government is stepping up efforts to reform the college entrance exam system to ease the burden of high private education costs on households. During a meeting on Monday, the government and the ruling People Power Party discussed measures to reduce private education expenses and enhance competitiveness of school education.
Korean government steps up efforts to make college entrance exam fairer
The South Korean government is stepping up efforts to reform the college entrance exam system to ease the burden of high private education costs on households. During a meeting on Monday, the government and the ruling People Power Party discussed measures to reduce private education expenses and enhance competitiveness of school education.
Hyundai Motor’s Xcient fuel-cell trucks to hit Korean roads from Nov
Hyundai Motor Group’s Xcient Fuel Cell heavy trucks will hit the roads in South Korea from November to deliver freights without emitting any carbon emissions under state regulatory sandbox program. According to industry sources on Tuesday, Hyundai Glovis Co. and CJ Logistics Corp. each have purchased two units of 10-ton Xcient Fuel Cell from Hyundai Motor Co. to use the heavy trucks for their cargo delivery services starting November in Korea.
Genesis G80 Sport features premium rear wheel steering system developed by Mando - Pulse by Maeil Business News Korea
Hyundai Motor’s luxury sedan brand Genesis has added a dynamic and high-tech feature to its G80 Sport line to mix engine and autonomous power. It sports accelerated driving mode and responsive shifting as well as active road noise control that cancels road noise by emitting an inverted sound wave to allow silent driving. One of strongest features is the rear wheel steering (RWS) system developed by the country’s second largest auto parts maker Mando Corp. for the first time in Korea.
Hancom to display smart city solutions at Mobile World Congress
Hancom Group, owner of South Korea’s leading office software developer Hancom Inc.
KT launches world’s first 5G wifi service
KT Corp., South Korea’s leading carrier, announced on Wednesday it has launched the world’s first commercial 5G wifi service that can deliver speeds of up to 4.8 Gbps, nearly three times faster than the existing 1.7 Gbps service.With the next-generation wifi service commercialized initially in downtown Seoul, more stable wireless wifi service becomes available even in high density environments, according to the company.KT’s new access point (AP) solution uses 8x8 MIMO technology on the IEEE...
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