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Kang Seung-woo

Korea Times Business Reporter

Kang Seung-woo is the Business Desk editor at The Korea Times. Prior to this position, he covered politics, national affairs, finance and sports.

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Companies

LIG Nex1 honors Thai veterans of Korean War

LIG Group Chairman Koo Bon-sang, fifth from right, along with executives and employees of LIG Nex1, poses with representatives of the Thai-Korean War Veterans Association during a courtesy visit to the organization in Thailand, Monday (local time). Thailand sent 6,326 troops to fight in the 1950-53 Korean War, with 136 killed in action and about 1,200 wounded. The Korean defense company is participating in Defense & Security 2025 in Bangkok. Courtesy of LIG Nex1

Nov 11, 2025By Kang Seung-woo
LIG Nex1 honors Thai veterans of Korean War
Companies

PHOTO SK On’s music festival in Hungary

A team performs at the "Great Music Festival in Hungary" in Budapest, Saturday (local time). The music festival for people with developmental disabilities, sponsored by SK Innovation, was launched last year in the Central European country. SK On, the battery affiliate of SK Innovation, established its first European electric vehicle battery plant in Hungary in 2018. The company supports local talent development through school-based educational programs and engages with the community through volunteer initiatives, including donations and blood drives. Courtesy of SK On

Nov 9, 2025By Kang Seung-woo
[PHOTO] SK On’s music festival in Hungary
Companies

AMCHAM, FTC chair discuss Korea’s fair trade policy direction

The American Chamber of Commerce in Korea (AMCHAM) met with Ju Biung-ghi, the newly appointed chairperson of Korea’s Fair Trade Commission (FTC), in Seoul Thursday to exchange views on the new administration’s fair trade policy direction and key issues faced by global companies operating in the Korean market. As part of Ju’s ongoing series of industry outreach efforts following his appointment, the meeting served as a platform to discuss the administration’s fair trade policy priorities and to hear directly from foreign companies about their on-the-ground challenges in Korea. In his remarks, AMCHAM Chairman and CEO James Kim emphasized the importance of open communication between the government and the business community, noting that a transparent and predictable regulatory environment is essential to enhancing Korea’s competitiveness and attractiveness as an investment destination. “Building on the successful momentum from the APEC CEO Summit, AMCHAM looks forward to working closely with the Korean government, especially the FTC, to drive innovation, transparency and strong

Nov 6, 2025By Kang Seung-woo
AMCHAM, FTC chair discuss Korea’s fair trade policy direction
Society

IWF Korea hosts Career Bridge 2025 camp to help youth build global networks

The International Women’s Forum (IWF) Korea hosted Career Bridge 2025 — Youth Career Camp in Jeonju, North Jeolla Province, on Friday, bringing together around 100 job seekers and aspiring entrepreneurs for a day of mentoring and career exploration. The event aimed to help young people broaden their career perspectives with a global outlook while building region-based professional networks. Participants included current and former executives of global companies as well as officials from the Jeonbuk Development Corp., Jeonbuk Technopark and the National Pension Service, who offered practical career advice and insights from their professional experiences. The morning session included a discussion under the theme of “How to Prepare and Connect Youth Careers,” where speakers shared candid stories about their professional journeys and offered advice on cultivating adaptability, confidence and a global mindset in today’s rapidly changing job landscape. In the afternoon, the Career Mentoring Lounge provided participants with one-on-one and small-group mentoring sessions covering topic

Nov 3, 2025By Kang Seung-woo
IWF Korea hosts Career Bridge 2025 camp to help youth build global networks
Companies

JungKwanJang emerges as unexpected beneficiary of Nvidia CEO’s Korea visit

Korean red ginseng brand JungKwanJang has unexpectedly found itself in the global spotlight during Nvidia CEO Jensen Huang’s visit to Korea, after a fan handed him a hallabong-flavored JungKwanJang Everytime red ginseng extract stick. Hallabong is a Korean winter citrus fruit, famously grown on Jeju Island, and its sweet, tangy taste makes it a popular flavor for health supplements. The lighthearted moment quickly went viral, turning the product into an unforeseen star of the visit. On Thursday, Huang, visiting Korea for the first time in 15 years, joined Samsung Electronics Executive Chairman Lee Jae-yong and Hyundai Motor Group Executive Chair Chung Euisun for a casual gathering over fried chicken and beer at Kkanbu Chicken in western Seoul. Hundreds of people gathered outside the restaurant to catch a glimpse of the tech CEO, who spent about five minutes taking photos and greeting fans. Among the crowd, one citizen held up a tablet displaying Huang’s photo while offering him a ginseng stick. Curious, Huang asked, “What is this? Is this good for my health?” The fan explained i

Oct 31, 2025By Kang Seung-woo
JungKwanJang emerges as unexpected beneficiary of Nvidia CEO’s Korea visit
Companies

Samsung SDI, BMW to jointly validate all-solid-state batteries

Samsung SDI announced Friday that it has signed a trilateral agreement with Germany’s premium automaker BMW Group and U.S.-based battery technology company Solid Power to collaborate on an all-solid-state battery (ASSB) validation project. Under the agreement, Samsung SDI will supply ASSB cells featuring enhanced energy density and safety by using Solid Power’s solid electrolyte technology. BMW will develop modules and packs for the ASSB cells. The three companies will jointly evaluate the performance of the batteries under agreed parameters and integrate them into BMW’s next-generation evaluation vehicles. Unlike conventional lithium-ion batteries that use liquid electrolytes, ASSB cells rely on solid electrolytes, offering improved safety and higher energy density. The technology enables electric vehicles (EVs) to achieve longer driving ranges without increasing the overall battery system’s weight. The collaboration marks a significant step in establishing a practical global value chain for ASSBs, combining each partner’s strengths in cell manufacturing, automotive engineeri

Oct 31, 2025By Kang Seung-woo
Samsung SDI, BMW to jointly validate all-solid-state batteries
Companies

KAI, Airbus expand aerospace, defense cooperation with MOU

Korea Aerospace Industries (KAI) signed a memorandum of understanding (MOU), Monday, with global aerospace leader Airbus to expand cooperation in the defense and aerospace sectors. The signing ceremony took place on the sidelines of the Seoul International Aerospace & Defense Exhibition 2025 (AEDX 2025) at KINTEX in Goyang, Gyeonggi Province. KAI acting CEO Cha Jae-byoung, Anand Stanley, president of Airbus for the Asia-Pacific region, and Airbus Chief Representative Korea Lee Hee-hwan attended the event. The two companies said they plan to explore collaboration across various aerospace fields, including special mission aircraft, high-speed medium-lift helicopters, KF-21 and FA-50 aerial refueling flight tests and military satellite communication capabilities. The MOU also opens the door for cooperation in emerging technologies and the pursuit of new joint projects, with the goal of developing a long-term, comprehensive business partnership. KAI said it has worked with Airbus for 20 years in defense and aerospace, building trust through joint development, technology cooperation and indus

Oct 20, 2025By Kang Seung-woo
KAI, Airbus expand aerospace, defense cooperation with MOU
Companies

City Oil Field secures Saudi, UAE investment

City Oil Field said Thursday it has secured foreign corporate investment from PEDCO of Saudi Arabia and the United Arab Emirates, marking its official launch as a global eco-friendly energy enterprise. The two sides signed the first round of investment contracts Monday (local time) at PEDCO’s headquarters in Riyadh, Saudi Arabia. The ceremony was attended by City Oil Field CEO Jeong Yeong-hun, PEDCO Saudi Arabia CEO Abdulmohsen Al-Zamil, PEDCO UAE CEO Edoardo Lucarelli and ENO Partner CEO Park Se-hyun. City Oil Field said PEDCO has valued the company at about 100 billion won ($72.2 million). Under the agreement, the parties signed an initial investment deal worth $1 million, with additional funding to follow from both Saudi Arabia and the UAE. Founded in 1991, PEDCO has worked with major Middle Eastern companies, including Saudi Aramco and the Abu Dhabi National Oil Company (ADNOC) on power, energy and special projects. The company holds exclusive rights to commercialize City Oil Field’s technology in Saudi Arabia, the UAE, Australia and New Zealand. The investment makes City Oil Fie

Oct 2, 2025By Kang Seung-woo
City Oil Field secures Saudi, UAE investment
Opinion

Delays in KDDX program

The Korean Next-Generation Destroyer (KDDX) program, a cornerstone of the country’s naval modernization plan, is once again facing significant delays, raising concerns over national security and strategic readiness. With a total budget of 7.8 trillion won ($5.6 billion), the program plans to deploy six 6,000-ton Aegis-equipped destroyers by 2030, replacing aging vessels scheduled for retirement in the late 2020s. Despite the project’s scale and urgency, contractor selection and the start of detailed design work have been repeatedly delayed, leaving its future uncertain. On the surface, the delays seem driven by disputes between domestic defense firms. The company in charge of the basic design argues that it should naturally continue with detailed design and construction, while its rival insists on open competitive bidding. This contracting disagreement has dominated headlines. However, the deeper problem lies in slow government decision-making and repeated postponements of key agenda items. Since the completion of the basic design in late 2023, nearly two years have passed with lit

Sep 24, 2025By Kang Seung-woo
Delays in KDDX program
Companies

PHOTO Korea Post resumes US shipments

A notice at Gwanghwamun Post Office in central Seoul Monday informs customers that Korea Post has resumed U.S. express mail, which was suspended last month after the U.S. ended its duty-free policy. Senders will now pay the applicable tariff. Yonhap

Sep 22, 2025By Kang Seung-woo
[PHOTO] Korea Post resumes US shipments
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