Companies
French ambassador visits Renault Korea's Busan plant
French Ambassador to Korea Philippe Bertoux, along with key officials from the embassy, visited Renault Korea's Busan plant, Friday, the carmaker said Sunday.
Feb 25, 2024
Lee Hyo-sik
Korea Times Finance Reporter
Lee Hyo-sik is Finance Desk editor at The Korea Times. He manages finance-related stories on macroeconomics, banks, stocks, bonds, crypto etc. He is passionate about covering what's happening in Korea's financial industry and explaining it to both Korean and non-Korean readers. You can reach him at leehs@koreatimes.co.kr. Your insights and feedbacks are always appreciated.
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Companies
Musinsa brings K-fashion to Tokyo
Musinsa, Korea's largest online fashion shopping platform, hosted its second Tokyo showroom event from Feb. 13 to 16, featuring seven brands — Glowny, Kijun, Rockfish Weatherwear, Rest and Recreation, Standoil and Cost per kilo, company officials said Wednesday.
Feb 21, 2024
Opinion
'Korea discount' isn't going anywhere
As a retail investor who holds more than a dozen stocks of large-cap companies here, it's good to see the local stock markets have rallied over the past two weeks, fueled by President Yoon Suk Yeol's comments that the government will do more to resolve the decades-old "Korea discount."
Feb 7, 2024
Opinion
It's inflation, stupid!
For years, it’s been this reporter's weekly ritual to go to a large discount store in the neighborhood for groceries and other daily necessities. It seems to be pretty much the same for most households here, except for those who have shifted entirely to shopping online.
Dec 6, 2023
Companies
Dyson vows to improve customer service in Korea
Dyson, a global consumer product tech company, has vowed to improve its customer service in Korea following a series of complaints concerning its hair driers and other products, the company said Thursday.
Nov 23, 2023
Companies
Nexen Tire earns 'Green Tire' seal from German magazine, Auto Bild
Nexen Tire, a leading global tire manufacturer, said Wednesday that its N’Blue 4 Season 2 tires have received the “Green Tire” seal of Auto Bild, one of Germany’s most prestigious automobile magazines.
Nov 8, 2023
Opinion
Does news media have no future?
A reporter who had worked at The Korea Times for nearly 10 years recently moved to one of the country’s major entertainment agencies. He has his own reasons to quit being a journalist and become one of many who have left the press in recent years to pursue a new career in a different field, but his departure reflects the undeniable reality that the media has increasingly become a less attractive workplace.
Oct 11, 2023
Companies
Busan Expo will help expand Korea's 'economic territory': KCCI chairman
Korea Chamber of Commerce and Industry (KCCI) Chairman Chey Tae-won speaks during a press briefing at Haevichi Hotels & Resorts on Jeju Island, Wednesday. Courtesy of KCCIBy Lee Hyo-sikJEJU ― Korea will be able to further expand its “economic territory” if its second-largest city of Busan hosts the World Expo in 2030 as the nation forms closer ties with countries in South America, Africa and elsewhere, according to the head of the biggest business lobby here, Wednesday.“World Expo is not just a mere international event. I think it enables the host nation to explore new markets through its bidding campaign and preparation process,” Chairman of the Korea Chamber of Commerce and Industry (KCCI) Chey Tae-won told reporters on Jeju Island. “If Busan wins the bid, we will work more closely with 179 member states (of the Bureau International des Expositions (BIE)). This will create new business opportunities for Korean companies in less-known countries.”The BIE is the international body in charge of overseeing the World Expo. Busan is competing with t
Jul 13, 2023
Opinion
Bifurcation of golf ball rules has no merit
By Lee Hyo-sikThe 123rd U.S. Open, overseen by the United States Golf Association (USGA), ended in a dramatic fashion Sunday (local time), with American golfer Wyndham Clark winning his first career major title. As always, this year's third major championship attracted a great deal of attention from Korean golf fans. Many of them stayed up all night to watch PGA tour players give their best with the best-available equipment to conquer Los Angeles Country Club.But we may not be able to see the spectacular performances of these world's top-class golfers, such as over-300-yard tee shots, in 2026 as the USGA and The Royal & Ancient (R&A), which hosts The Open in the United Kingdom, are pushing to limit the performance of golf balls. The two bodies, which govern the rules of golf and advocate the interests of golf clubs in their respective countries, seem to view an increasing number of professional golfers that drive balls to over 300 yards as a threat to the sport. As a way to rein in how far tour players can hit the balls, the two organizations proposed in March two different s
Jun 21, 2023
Opinion
Korea must overcome China's 'sabotage campaign'
By Lee Hyo-sikWe have only five more months to go until 179 countries around the world vote to decide which city will host the World Expo 2030. Government officials and businesspeople have been working tirelessly to attract the international event to the southeastern port city of Busan since President Yoon Suk Yeol took office in May last year.Yoon and most of his Cabinet members will head to Paris next week to attend a meeting of the Bureau International des Expositions (BIE), the international body in charge of overseeing the World Expo. The heads of Korea's top four business groups ― Samsung Group's Lee Jae-yong, SK Group's Chey Tae-won, Hyundai Motor's Chung Euisun and LG Group's Koo Kwang-mo ― will also be in the French capital to pitch for Busan.All 179 member states are expected to attend the BIE general assembly set for next Tuesday and Wednesday, and when they meet next time in November, they will pick the host city of the World Expo 2030. On Tuesday, Korea will give a presentation on how it will organize the event and why it should earn the much-coveted right. The next day,
Jun 14, 2023