KoreaTimes - Companies

The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Business

Companies

Tue, March 28, 2023 | 07:29

Samsung, SK hynix breathe sigh of relief as US 'guardrails' are less tough than feared

Samsung, SK hynix breathe sigh of relief as US 'guardrails' are less tough than feared

Korean chipmakers appeared to breathe a sigh of relief Wednesday, as the U.S. government's new rules for the Chips Act, announced last night, were less stringent than had been previously feared.

2023-03-22 14:56

SsangYong Motor reborn as KG Mobility after takeover

SsangYong Motor reborn as KG Mobility after takeover

SsangYong Motor on Wednesday changed its name to KG Mobility to transform itself into a future mobility solutions company.

2023-03-22 14:35

Hyundai Heavy achieves world's first 200 million BHP milestone

Hyundai Heavy achieves world's first 200 million BHP milestone

ULSAN - Hyundai Heavy Industries (HHI) celebrated its achievement of becoming the world's first company to produce two-stroke ship engines with an aggregate output of 200 million brake horsepower (BHP) during a ceremony at its headquarters in the southeastern port city, Wednesday.

Park Jae-hyuk | 2023-03-22 14:34

Kakao Mobility acquires British ride-hailing startup Splyt

Kakao Mobility acquires British ride-hailing startup Splyt

Kakao Mobility, a mobility subsidiary of Korea's tech giant Kakao, said Wednesday that it has acquired the British ride-hailing startup Splyt as part of its plans to go abroad.

2023-03-22 13:42

GM launches Trax Crossover in S. Korea

GM launches Trax Crossover in S. Korea

General Motors (GM) on Wednesday began to sell the Trax Crossover in Korea following its launch in the U.S. market late last year.

2023-03-22 11:40

Apple working on expanding Apple Pay service in Korea: senior executive

Apple working on expanding Apple Pay service in Korea: senior executive

Apple's long-awaited mobile payment service, Apple Pay, has finally landed in Korea this week, some seven years after the service was first initiated in the United States.

2023-03-22 09:40

Outback Steakhouse sees sales soar as it opens stores in large shopping malls

Outback Steakhouse sees sales soar as it opens stores in large shopping malls

Outback Steakhouse's four new restaurants that have moved into nearby shopping mall complexes as part of its relocation strategy, saw their monthly sales jump up to 70 percent on average in 2022 from the previous year, the company said Tuesday.

Kim Jae-heun | 2023-03-22 08:50

Korean firms balk at donating to fund compensating victims of Japan's forced labor

Korean firms balk at donating to fund compensating victims of Japan's forced labor

Most of the state-run and private Korean companies that benefited from the 1965 Korea-Japan treaty appear to be hesitant about donating to a fund compensating Korean victims of forced labor under Japan's colonial rule, according to industry officials, Monday. The treaty enabled the resumption of bilateral diplomatic relations after WWII, in exchange for $500 million (655 bill...

Lee Kyung-min | 2023-03-22 08:17

Game shares soar as China allows import of Korean games

Game shares soar as China allows import of Korean games

Shares of local game companies soared, some by as much as over 20 percent, Tuesday, a day after the Chinese government allowed several Korean games to be sold in the country, according to industry officials. The latest decision by the Chinese government followed a similar one in December, 2022.

Lee Kyung-min | 2023-03-21 17:04

Lotte desperate to win LVMH Chairman Arnault's heart

Lotte desperate to win LVMH Chairman Arnault's heart

LVMH Moet Hennessy Louis Vuitton Chairman Bernard Arnault is a global fashion magnate who owns dozens of world-class luxury brands such as Louis Vuitton, Dior, Tiffany & Co. and Dom Perignon. The chairman made regular visits to Korea between 2016 and 2019 until the pandemic.

Kim Jae-heun | 2023-03-21 16:49

1 2 3 4 5 6 7 8 9 10

Top 10 Stories

1	ANALYSISTesla, BYD's price cuts unnerve LGES, Samsung, SK

2	Yoo Ah-in appears before police over alleged use of illegal drugs

3	US aircraft carrier to visit Busan amid NK provocations

4	Families of foreign construction workers can receive retirement pay: court

5	Indonesian investment minister promotes EV cooperation with Korea

6	Nongshim plans to build plant in eastern US region

7	Korean crypto investors want Do Kwon punished in US

8	Gimpo-China flights recover to pre-pandemic levels

9	Right-wing Japanese support Seoul-Tokyo ties: Korean envoy to Japan

10	Local bank stocks hit by shockwaves from SVB, CS collapses

DARKROOM