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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Business

Companies

Tue, March 28, 2023 | 08:42

Over 70% of firms unwilling to embrace longer workweek

Over 70% of firms unwilling to embrace longer workweek

More than seven out of 10 firms said they are not willing to embrace the recently proposed longer workweek, a study showed Friday. Of those who said they would, almost three-quarters said the longer workweek will be implemented only temporarily in the event of a short-term demand surge, production disruption due to equipment malfunctions or peak season.

Lee Kyung-min | 2023-03-24 16:25

FTC criticized for delaying approval for Hanwha's acquisition of DSME

FTC criticized for delaying approval for Hanwha's acquisition of DSME

Korea's antitrust regulator has emerged as an unexpected obstacle to Hanwha Group's acquisition of Daewoo Shipbuilding & Marine Engineering (DSME), as it is still uncertain when the regulator will approve the takeover, according to industry officials, Friday.

Park Jae-hyuk | 2023-03-24 15:52

Hyundai Motor sets up Thai branch to compete with Japanese rivals

Hyundai Motor sets up Thai branch to compete with Japanese rivals

Korea's Hyundai Motor Co. said Friday it has set up a branch in Thailand to gain a share in the local market dominated by Japanese carmakers.

2023-03-24 15:33

Genesis launches 2023 G90 sedan

Genesis launches 2023 G90 sedan

Hyundai Motor's luxury brand said Friday it began sales of the 2023 Genesis G90 sedan, featuring expanded options including a 3.5-liter V6 twin turbo gasoline engine with added power provided by a 48V electric supercharger (e-S/C) as well as improved safety and convenience specifications.

Kim Hyun-bin | 2023-03-24 14:57

Hybe to sell SM shares to Kakao following failed takeover bid

Hybe to sell SM shares to Kakao following failed takeover bid

Hybe, the K-entertainment powerhouse behind global superstar group BTS, said Friday it will sell off all of its 15.78 percent stake in SM Entertainment to Kakao after its bid to take over the rival entertainment agency fell through.

2023-03-24 14:31

Samsung Electronics chief to attend China Development Forum

Samsung Electronics chief to attend China Development Forum

Samsung Electronics Executive Chairman Lee Jae-yong is currently in China to attend the China Development Forum, according to sources Friday.

2023-03-24 10:41

Samsung, SK chiefs prepare for trips to China amid intensifying 'chip war'

Hyundai, Kia to recall over 570,000 vehicles in US due to fire risk

Hyundai, Kia to recall over 570,000 vehicles in US due to fire risk

Hyundai Motor and its smaller affiliate Kia said Friday they will recall over 570,000 vehicles in the United States because the vehicles could pose a fire risk.

2023-03-24 09:22

Second daughter of Daesang chairman promoted to vice president

Second daughter of Daesang chairman promoted to vice president

Daesang Group Honorary Chairwoman Lim Chang-wook's second daughter, Lim Sang-min, has been promoted to vice president of Daesang, the company said Wednesday. It has been in six years and four months since she was tapped as executive director of the company. Lim studied at Ewha Womans University's Department of History and acquired a Master of Business Administration from Lond...

Kim Jae-heun | 2023-03-24 08:52

SPC opens first Paris Baguette store in Canada

SPC opens first Paris Baguette store in Canada

SPC, a Korean food manufacturer and confectionery, opened its first Paris Baguette store in Toronto, the company said Thursday. The company opened its Yonge & Sheppard 214 square meter branch on the first floor of Yonge Shopping Centre in Toronto, Wednesday (local time).

Kim Jae-heun | 2023-03-23 17:01

KT CEO nominee offers to resign

KT CEO nominee offers to resign

KT's group transformation division head Yun Kyung-lim, who was nominated as the telecommunication firm's next CEO on March 7, indicated his intention to give up the company leadership for the next three years, during Wednesday's breakfast meeting with the board members, according to industry officials, Thursday.

Park Jae-hyuk | 2023-03-23 16:39

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