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The Korea Times

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Tue, February 7, 2023 | 00:35

Kangwon Land to export slot machines to casinos in Philippines

Kangwon Land to export slot machines to casinos in Philippines

Kangwon Land will export slot machines to the Sheraton Manila Bay Hotel in Manila, after signing a sales contract with RGB, the largest slot machine retailer in Southeast Asia, the company said Tuesday. The company will first manufacture 30 slot machines and send them to the casino in the Philippines through RGB, which will be installed for use by April.

Kim Jae-heun | 2023-01-13 08:50

Lotte CEOs meet in person to plan for 2023

Lotte CEOs meet in person to plan for 2023

Lotte Group Chairman Shin Dong-bin is seeking ways to strengthen corporate competitiveness amid the global economic downturn, according to the company, Thursday. Lotte held the 2023 Lotte Value Creation Meeting (VCM), at Lotte World Tower in Seoul, Thursday, and discussed group management plans and medium- to long-term strategies as global market volatility and uncertainty ar...

Kim Hyun-bin | 2023-01-13 08:50

Concerns grow over ready-made frozen foods

Concerns grow over ready-made frozen foods

A 28-year-old barista surnamed Lee eats frozen foods at his work place from time to time, given that he doesn't have enough time to cook or rest during his lunch break. “I often eat fried rice foods that come in a frozen pack because they are ready-made and they only take two to three minutes to defrost. I kind of know they are not good for my health because they contain a hi...

Kim Jae-heun | 2023-01-12 17:09

Coca-Cola Korea appoints new chief

Coca-Cola Korea appoints new chief

Coca-Cola Korea Company announced Thursday that it has appointed Jung Ki-sung as its new chief. His promotion to the head position was attributed to his vast experience within the company, as he is evaluated to have contributed to the firm's business growth. Since joining Coca-Cola Korea back in 2000, Jung served in various roles at the company over two decades. Jung started ...

Anna J. Park | 2023-01-12 16:34

US benefits from Korea's disinterest in solar power industry

US benefits from Korea's disinterest in solar power industry

The Yoon Suk Yeol administration's obvious preference for nuclear energy over renewables has unintentionally created thousands of new jobs in the U.S. solar power industry, as Korean companies began shifting their focus to the North American market from the shrinking domestic market, according to industry officials, Thursday. After Hanwha Solutions held a press conference on ...

Park Jae-hyuk | 2023-01-12 16:27

Korea to boost share of nuclear power to 34.6% of energy mix by 2036

Korea to boost share of nuclear power to 34.6% of energy mix by 2036

Korea will increase the proportion of nuclear power to over 30 percent of the country's total energy mix by 2036, while the share of renewable energy will rise to 20 percent, the government said Thursday. The proportion of fossil fuel and liquefied natural gas (LNG) will be drastically reduced to below 15 percent and 10 percent, respectively. The Ministry of Trade, Industry a...

Lee Kyung-min | 2023-01-12 16:21

Kakao Entertainment draws equity financing of $964 mil. from Singapore, Saudi Arabia

Kakao Entertainment draws equity financing of $964 mil. from Singapore, Saudi Arabia

Kakao Entertainment, a cultural content affiliate of Kakao Corp., said Thursday that it has drawn equity financing to the amount of 1.2 trillion won ($964 million) from leading global sovereign wealth funds. They are Singapore's Government of Singapore Investment Corp (GIC) and Saudi Arabia's Public Investment Fund (PIF).

Lee Kyung-min | 2023-01-12 15:52

Is Elon Musk losing interest in Korea?

Is Elon Musk losing interest in Korea?

President Yoon Suk Yeol's teleconference last November with Tesla CEO Elon Musk appears to have ended fruitlessly, as the U.S. electric vehicle (EV) manufacturer is about to build its second Asian Gigafactory in Indonesia, instead of Korea, according to foreign news outlets, Thursday. Bloomberg News reported on Wednesday that Tesla is close to a preliminary deal to set up its...

Park Jae-hyuk | 2023-01-12 15:35

Chung Euisun named MotorTrend Person of the Year

Chung Euisun named MotorTrend Person of the Year

Hyundai Motor Group Executive Chair Chung Euisun has been selected to win the MotorTrend Person of the Year award, according to the company, Thursday. The MotorTrend Power List ranks the 50 most influential people in the global automotive industry each year. During the past five years, Chung has risen progressively from his first appearance on the power list at No. 12 in 2018...

Kim Hyun-bin | 2023-01-12 15:09

Korea's ICT exports hit record high of $233 bil. in 2022

Korea's ICT exports hit record high of $233 bil. in 2022

Korea's exports of information and communication technology (ICT) products hit a fresh high last year on strong overseas demand for chips and mobile phones, data showed Thursday.

2023-01-12 13:18

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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

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