LG Electronics is collaborating with Qualcomm Technologies for the development of 5G automotive platforms, its senior executive has said, as the Korean tech company tries to expand its presence in the automotive business for future growth.
Samsung Electronics is expected to unveil another batch of shareholder-friendly measures, including big dividend payments, later this month, industry sources said Wednesday, in a move to smooth out the group leadership succession.
Korea said Wednesday it plans to provide some 30 trillion won ($27.4 billion) in trade financing to promote exports in the green and digital sectors, in line with the government's industrial blueprint.
Korea's transport ministry said Wednesday that a Mercedes-Benz S Series model became the first model in which the manufacturer will offer an exchange for malfunctions under a local “lemon law.”
The management and union of Samsung Display said Sunday that they will sign a collective agreement this week, a first for a company in the Samsung Group, which declared it would scrap its "no labor union" policy last year.
Korea's economic recovery momentum is slowing as the service sector has remained sluggish amid a resurgence in new coronavirus cases, a state-run think tank said Sunday.
Korea will expand tax incentives for companies to increase investments and permit more firms seeking innovative technologies to receive tax credits on research and development (R&D) costs, the Finance Ministry said Wednesday.
SK Innovation, a Korean refinery-to-battery company, plans to issue a green bond worth 1.09 trillion won ($1 billion) to expand its electric vehicle (EV) battery manufacturing capacity in the United States, officials said Wednesday.
Retail sales in Korea moved up 6.3 percent in November from a year earlier on the back of the nationwide consumption-boosting events aimed at overcoming the economic jitters from the Covid-19 pandemic, data showed Wednesday.
Korean brokerage houses predicted the local stock market would keep rising in 2021, citing signs of a global economic recovery and growing investor appetite for higher returns, data showed Sunday.