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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Business

Mon, February 6, 2023 | 20:51

LG CNS opens integrated IT service center

LG CNS opens integrated IT service center

LG CNS has opened an integrated IT service center that can provide remote system management services for customers, the company said Monday. The service center, which is located at NH Seoul Tower in southwestern Seoul's Gangseo District, will have about 1,800 system management and system integration experts working together at the same venue.

2023-02-06 17:09

FTC to inspect live commerce operators' business practices

FTC to inspect live commerce operators' business practices

The country's antitrust agency will inspect the business practices of Naver, Kakao and other live commerce operators to check whether they treat their suppliers or consumers unfairly, the Fair Trade Commission (FTC) said Monday. The agency plans to scrutinize the terms and conditions in the rapidly growing distribution sector, which includes live commerce and subscription ser...

2023-02-06 16:26

Opposition party's attempt to enact Korean version of IRA triggers concerns

Opposition party's attempt to enact Korean version of IRA triggers concerns

The main opposition Democratic Party of Korea (DPK) recently indicated its intention to propose legislation similar to the U.S. Inflation Reduction Act (IRA), raising concerns that such a move would end up triggering conflicts with major trading partners, such as the U.S, Japan and the EU. “If Korea enacts a law similar to the U.S. IRA, it could be considered a violation of t...

2023-02-06 16:23

Lotte still at odds with Indonesian residents over chemical factory construction

Lotte still at odds with Indonesian residents over chemical factory construction

Lotte Chemical still seems to be having a tough time settling a dispute with the residents of Cilegon city in Indonesia, where the Korean conglomerate has invested over $4 billion to build a giant petrochemical complex, under the project name, “LINE,” which stands for Lotte Chemical Indonesia New Ethylene.

2023-02-06 16:23

Why Galaxy Book3 draws more attention than S23 smartphones

Why Galaxy Book3 draws more attention than S23 smartphones

Samsung Electronics' Galaxy Book3 Pro 900 preorders sold out as soon as they hit the market on 11street, an official online partner of Samsung Electronics, backed by large discounts, according to industry officials, Monday. “Performance has been upgraded along with the display as well as the current CPU, which is equipped with the latest Intel 13th-generation CPU, while user ...

2023-02-06 15:50

Samsung to pay $150 mil. to Nanoco in QLED patent suit settlement

Samsung to pay $150 mil. to Nanoco in QLED patent suit settlement

Samsung Electronics has agreed to pay $150 million to Nanoco Technologies in settlement for a patent lawsuit over a technology used in Samsung's quantum-dot LED TV, a litigation finance firm for the British company has said.

2023-02-06 14:14

[ANALYSIS] New order prevails in global battery industry

ANALYSISNew order prevails in global battery industry

After painful exits and bankruptcies, the global memory chip market has consolidated with three rational players - Korea's Samsung Electronics and SK hynix and the U.S.' Micron Technology. These structural market changes are truly responsible for the memory chip segment's bullish performance over the last few years.

2023-02-06 08:24

Hyundai Motor's technology helps team become WTCR double champion

Hyundai Motor's technology helps team become WTCR double champion

Gabriele Tarquini, a legendary driver and the World Touring Car Cup (WTCR) champion of 2018, praised Hyundai Motor's N model claiming it helped its team to become double champion after taking top place at the WTCR 2022. "You have to have a good base to make a winning car. If you look at the i30 N or the Elantra N, they are very fast and have great technology," Tarquini said. ...

2023-02-05 15:58

Conflict reignites over relocation of POSCO Holdings to Pohang

Conflict reignites over relocation of POSCO Holdings to Pohang

Conflict between POSCO Group and residents of Pohang in North Gyeongsang Province is intensifying once again, since the steelmaking group recently indicated its intention to keep its holding firm's employees in Seoul, even after its planned relocation to the southeastern port city, according to industry officials, Sunday. Late last month, POSCO Group told local news outlets b...

2023-02-05 15:08

LG publishes Korea's first group-level net zero report

LG publishes Korea's first group-level net zero report

LG Group announced a plan to pursue carbon neutrality at the group level for the first time for a major conglomerate in Korea, revealing its commitment to reduce greenhouse gas emissions and develop eco-friendly technologies to reduce the group's net carbon emissions to zero by 2050, according to the company, Sunday.

2023-02-05 14:31

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