KoreaTimes - Companies

The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Business

Companies

Tue, February 7, 2023 | 00:35

LG focuses on offering upgradable home appliances: appliance chief

LG focuses on offering upgradable home appliances: appliance chief

CLARKSVILLE, Tenn. - LG Electronics will focus on expanding its ThinQ Up upgrade system for home appliances to global markets in order to offer customers a better user experience, its home appliance head said, Jan. 9. “In early 2022, LG released home appliance with the Up feature, which enables users to upgrade their gadgets. In the global market, we call the service ThinQ Up...

Baek Byung-yeul | 2023-01-15 10:10

Korea's property tax to GDP highest among OECD: lawmaker

Korea's property tax to GDP highest among OECD: lawmaker

Koreans faced the heaviest property tax burden relative to the country's gross domestic product (GDP) among OECD members in 2021, resulting from multiple failed real estate policies under the previous Moon Jae-in administration, a ruling party lawmaker said Friday.

Lee Kyung-min | 2023-01-14 09:00

LGES-Honda EV battery venture sets sail in US

LGES-Honda EV battery venture sets sail in US

LG Energy Solution (LGES) said Friday its joint U.S. electric vehicle (EV) battery venture with Japan's Honda Motor has officially set sail, taking a step further in the advance into the American market.

2023-01-13 18:23

Young drivers rush to sell cars as interest rates rise and economy sputters

Young drivers rush to sell cars as interest rates rise and economy sputters

Many young drivers in their 20s to 40s are rushing to sell their vehicles, burdened by high interest rates and inflation amid an economic recession, according to industry officials, Friday. The Ministry of Land, Infrastructure and Transport's car registration data in December last year showed the number of vehicles registered by males in their 20s to 40s decreased by 98,967 f...

Kim Hyun-bin | 2023-01-13 17:04

FKI chairman voices intention to step down next month

FKI chairman voices intention to step down next month

Federation of Korean Industries (FKI) Chairman Huh Chang-soo expressed his intention to resign after his term ends next month, according to industry officials, Friday. Huh announced his intention last week while having a meal with the vice chairman of the FKI at a hotel in Seoul. The dinner was attended by Kolon Group Honorary Chairman Lee Woong-yeul and Hanjin Group Chairman...

Kim Hyun-bin | 2023-01-13 17:03

Team Korea to bolster exports of nuclear energy systems

Team Korea to bolster exports of nuclear energy systems

State-run energy companies and private firms in the nuclear energy industry will join hands to advance exports of the stable and affordable power generation systems, the energy ministry said following a meeting attended by officials from the sector, Friday. The Korea-developed APR1400, a nuclear reactor with a capacity of 1,400 megawatts, is increasingly recognized by its ind...

Lee Kyung-min | 2023-01-13 16:40

Appellate court acquits 3 officials in McDonald's tainted patty case

Appellate court acquits 3 officials in McDonald's tainted patty case

A former official of McDonald's Korea and two others were acquitted Friday on charges of lying about the amount of tainted patties in its inventory in an attempt to avoid administrative measures.

2023-01-13 16:01

Lotte chairman's oldest son comes to fore

Lotte chairman's oldest son comes to fore

Lotte Chemical Vice President Shin Yoo-yeol, the oldest son of Lotte Group Chairman Shin Dong-bin, has drawn attention recently, due to his frequent attendance at the conglomerate's important events, according to industry officials, Friday. Some consider his recent moves a signal that Lotte is accelerating its efforts to train him as the next leader to inherit control of the ...

Park Jae-hyuk | 2023-01-13 15:46

Political dispute intensifies over reappointment of KT CEO

Political dispute intensifies over reappointment of KT CEO

The KT board's plan to reappoint CEO Ku Hyeon-mo is causing an intensifying conflict with the National Pension Service (NPS), the telecom firm's largest shareholder under government control, according to industry officials, Friday. Earlier this month, the NPS lowered its stake in KT to 9.99 percent from 10.12 percent. Its decision was attributed to the regulation that forces ...

Park Jae-hyuk | 2023-01-13 15:44

SK Energy joins hands with state-run power supplier for future car charging stations

SK Energy joins hands with state-run power supplier for future car charging stations

SK Energy, a major Korean oil refiner, said Friday it is joining hands with a state-run electric power supplier to build electric vehicle (EV) charging infrastructure at traditional gas stations across the country.

2023-01-13 10:12

11 12 13 14 15 16 17 18 19 20

Top 10 Stories

1	VIDEOFilipina K-pop idol and K-drama actress react to stereotypes about the Philippines

2	US literary agent reflects on personal journey to discover Korea in new book

3	ANALYSISNew order prevails in global battery industry

4	INTERVIEWSaudi Arabia seeks greater cooperation with Korea in NEOM

5	VideoHow Koreans' favorite convenience store foods are made in factories

6	Why Galaxy Book3 draws more attention than S23 smartphones

7	Debate heats up over chemical castration of more sex offenders

8	Renowned American economist to discuss China issues at Seoul webinar

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

10	Argentina hopes to strengthen nuclear cooperation with Korea

DARKROOM