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The Korea Times

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SCMP
Asia

The Korea Times

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Sun, January 29, 2023 | 17:36

CJ CheilJedang, Korea University to nurture talent in food, bio industries

CJ CheilJedang, Korea University to nurture talent in food, bio industries

CJ CheilJedang said Friday it has signed a memorandum of understanding with Korea University to foster talent in the food and bio industries.

Kim Jae-heun | 2023-01-20 17:08

Gmarket users report suspicious account activity

Gmarket users report suspicious account activity

Gmarket, an e-commerce firm operated by E-mart, is in the hot seat over a possible massive cyberattack on its customers' personal accounts, according to industry officials, Friday. A number of users have posted on social media about recent attempts by unknown people purchasing products with their IDs. Some complained that gift cards they purchased online were used.

Kim Jae-heun | 2023-01-20 17:04

SK chief discusses economic collaboration with global leaders at Davos

SK chief discusses economic collaboration with global leaders at Davos

SK Group Chairman Chey Tae-won discussed economic coordination with leaders of foreign countries in Davos, Switzerland, where the World Economic Forum (WEF) was held, according to the group, Friday. The group added that Chey, who is also chairman of the Korea Chamber of Commerce and Industry (KCCI) and co-chair of the Bid Committee for World Expo 2030 Busan, is scheduled to h...

Baek Byung-yeul | 2023-01-20 16:10

Soaring prices force consumers to tighten belts for holiday shopping

Soaring prices force consumers to tighten belts for holiday shopping

A 33-year-old housewife surnamed Park could not believe how much food prices have gone up while shopping for groceries for the Lunar New Year holiday, which falls on Jan. 22 this year. “I spent 100,000 won ($81.03) more than last year. All the prices increased, from meat to fruits and vegetables. I only purchased what I needed and just the right amount and it still cost me mo...

Kim Jae-heun | 2023-01-20 08:18

Korean startup incubator eyes Middle East market

Korean startup incubator eyes Middle East market

Huh Jea, founder and CEO of local startup incubating company N15 Partners, said Thursday that the company is seeking to support Korean startups to advance into the Middle East market. Huh was included in an economic delegation led by President Yoon Suk Yeol, who made his state visit to the United Arab Emirates (UAE) earlier this week.

Baek Byung-yeul | 2023-01-19 17:13

Operations resume at POSCO's flood-hit Pohang steel mill

Operations resume at POSCO's flood-hit Pohang steel mill

POSCO has completed the restoration of all 17 rolling mills at Pohang Steel mill and is scheduled to start normal operations, Friday, 135 days after temporarily closing due to flooding caused by Typhoon Hinnamnor last year, the steelmaker said Thursday. In order to resume operations, not only the employees of Pohang steel mill, but workers at Gwangyang steel mill, Seoul POSCO...

Kim Hyun-bin | 2023-01-19 17:05

Paris Baguette opens store in Malaysia

Paris Baguette opens store in Malaysia

SPC has opened its first Paris Baguette bakery cafe in Kuala Lumpur, six months after establishing a joint venture with local partner Berjaya Group to enter the Malaysian market, the company said Thursday. Korea's largest bakery operator plans to expand into the halal market of 1.9 billion people, including Southeast Asia and the Middle East, using its SPC Johor Bahru plant i...

Kim Jae-heun | 2023-01-19 17:01

Advanced air mobility to be game-changer: transport minister

Advanced air mobility to be game-changer: transport minister

Minister of Land, Infrastructure and Transport Won Hee-ryong stressed that advanced air mobility (AAM) will be a game-changer for future urban transportation systems at the World Economic Forum (WEF) in Davos, Switzerland, the ministry said Thursday. He gave a keynote speech at the Aerospace Governors Meeting session on Wednesday, outlining his vision for facilitating AAM.

Lee Kyung-min | 2023-01-19 16:35

Trade minister highlights role of nuclear energy in combating climate change

Former LG H&H CEO joins shareholder activism against KT&G

Former LG H&H CEO joins shareholder activism against KT&G

Former LG Household & Health Care (LG H&H) Vice Chairman and CEO Cha Suk-yong, who stepped down late last year after leading the cosmetics and household products maker for 18 years, was recommended as a new nonexecutive director of KT&G by an activist hedge fund, which is at odds with the tobacco product maker's management over the spin-off of Korea Ginseng Corp. (KGC).

Park Jae-hyuk | 2023-01-19 16:33

Trade minister highlights role of nuclear energy in combating climate change

Trade minister highlights role of nuclear energy in combating climate change

Trade Minister Ahn Duk-geun stressed the role of nuclear energy to navigate climate change, at the World Economic Forum 2023, also known as the Davos Forum, in Switzerland, according to the trade ministry, Thursday. At the Polish House discussion session, he reiterated that the global community should recognize the need to better utilize nuclear energy amid the energy crisis ...

Lee Kyung-min | 2023-01-19 16:11

Advanced air mobility to be game-changer: transport minister

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