Major construction firms have replaced their chief executives with financial experts in recent weeks to brace for a prolonged industry downturn, according to industry officials, Sunday.
Hyosung Group Honorary Chairman Cho Seok-rae s death at the age of 89 on Friday has been mourned by the heads of Korea s largest conglomerates and influential politicians of both ruling and opposition parties, as the deceased entrepreneur contributed to the Korean chemical industry s growth and economic ties with foreign countries, industry officials said Sunday.
The Federation of Korean Industries (FKI) and the Japan Business Federation (Keidanren) declined once again, Wednesday, to clarify whether Japanese firms accused of wartime forced labor will contribute to the Future Partnership Fund, established to support various cooperation projects.
A total of 122 Korean business leaders, including the heads of major business groups, are accompanying President Yoon Suk Yeol on his state visit to the United States hoping to find better business opportunities in the world s largest economy, according to industry officials, Monday. Topping their agenda is the Inflation Reduction Act (IRA), the CHIPS and Science Act and other regulations enacted by the Biden administration as the U.S. has been trying to restructure global supply chains by excluding China, which is Korea s largest trading partner.
TOKYO - The much-touted summit between President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida ended in an amicable mood, painting a rosier outlook for Korea-Japan ties t.