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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

Daekyo expands global education footprint with personalized learning model

Education company Daekyo is accelerating its global expansion with businesses including its supplemental education service Eye Level and storytelling play gym program TuniTuni, broadening its portfolio from tutoring into early childhood and activity-based programs as it marks its 50th anniversary. Founded in 1976, Daekyo, best known for its flagship supplemental education service Noonnoppi, built its domestic presence on personalized learning, including home-visit tutoring and level-based curricula. The company's roots date back to a small study room, where it introduced an approach that assessed each student's learning level rather than relying solely on grade-based instruction. At a time when education was largely standardized and teacher-led, Daekyo focused on assessing individual proficiency and developing step-by-step learning programs, supported by its self-developed teaching materials, ongoing monitoring and teacher feedback. The approach helped drive the adoption of level-based and self-directed learning in Korea’s private education market. The model proved adaptable during regu

Jul 8, 2026By Lee Gyu-lee
Daekyo expands global education footprint with personalized learning model

Samsung Electronics ranks No. 1 in economic contribution among conglomerates: data

Samsung Electronics generated the largest economic value among Korea's 100 biggest companies in 2025, industry data showed Wednesday. The tech giant's total economic contribution reached 177.25 trillion won ($116.67 billion) last year, up 12.5 percent from a year earlier, according to data compiled by CEO Score. The figure, which measures a company's overall economic contribution through payments to employees, suppliers, shareholders, creditors, the government and society, is based on business reports filed by the country's 100 largest non-financial, privately owned companies by sales. Samsung Electronics far outpaced its peers, with Hyundai Motor Group ranking second at 122.24 trillion won in total economic contributions. Samsung Electronics also topped the list in shareholder returns. The company returned a combined 14.16 trillion won to shareholders last year, consisting of 11.11 trillion won in dividends and 3.05 trillion won in share cancellations, according to the data. It was the only company among the top 100 to exceed 10 trillion won in shareholder returns.

Jul 8, 2026By Yonhap
Samsung Electronics ranks No. 1 in economic contribution among conglomerates: data

Gov't rush on new nuclear power plants for chip cluster unrealistic

The government's plan to build a massive semiconductor cluster in southwestern Korea to house chip plants for Samsung Electronics and SK hynix is facing growing questions over whether sufficient power can be secured. The Lee Jae Myung government is increasingly moving away from its initial policy stance of maintaining the status quo on nuclear power, acknowledging that renewable energy alone cannot meet the project's electricity needs and arguing that additional nuclear power plants are needed. The challenge is that building nuclear power plants is as complicated and time-consuming as constructing semiconductor fabs. New reactors must clear environmental assessments and address potential opposition from local residents near transmission grids and other facilities, making it uncertain whether additional power generation is possible before the current memory chip upcycle fades or before Lee's term ends. According to government officials, the government is considering building four additional nuclear reactors. Earlier this month, Minister of Climate, Energy and Environment Kim Sung-hwan sa

Jul 8, 2026By Nam Hyun-woo
Gov't rush on new nuclear power plants for chip cluster unrealistic

Paik's Coffee rebrands as DABANG for global push

Paik’s Coffee, a popular low-cost coffee franchise operated by Korean culinary giant Theborn Korea, unveiled a comprehensive brand identity overhaul Tuesday as part of an aggressive push into international markets. The centerpiece of the rebranding is a transition from Korean-language signage to a logo with English script saying "Paik’s DABANG." The strategic shift is designed to enhance brand recognition among international consumers and ensure visual consistency as the franchise expands into new territories. The commercial rollout begins next month. Theborn Korea, helmed by celebrity chef and CEO Paik Jong-won, confirmed it will open its first flagship Tokyo location in August 2026, with a second Japanese outlet slated to open by the end of the year. The company is also doing feasibility studies and creating localized business models to enter other major markets, including China, Taiwan and the United States. Company officials noted that use of the romanized Korean word "dabang" — an older term for a traditional coffee house — was intentional. By retaining the word, the brand

Jul 7, 2026By Jhoo Dong-chan
Paik's Coffee rebrands as DABANG for global push

Calls grow to delist Samsung, SK hynix leveraged ETFs

Political pressure is mounting to delist single-stock leveraged exchange-traded funds (ETFs) tied to Samsung Electronics and SK hynix following successive risk warnings from financial authorities and the Bank of Korea (BOK), as the high-risk products are being increasingly blamed for recent turbulence in the domestic stock market. Rep. Ahn Cheol-soo of the main opposition People Power Party (PPP) slammed the rollout of the products as a complete policy failure, calling for aggressive regulatory intervention, including their delisting, to restore normal market operations. "KOSPI has devolved into a casino," Ahn wrote on Facebook Monday, pointing to the 212 trillion won ($139 billion) traded in the leveraged funds, which he argued has fueled sharp swings in stock prices. "All 14 single-stock leveraged ETFs tracking the two chipmakers have posted negative returns over the past month, with losses reaching as much as 35.9 percent," he wrote. "To stabilize the market, sweeping corrective measures, including forced delistings, are urgently needed." Ahn also urged President Lee Jae Myung to hold

Jul 7, 2026By Jun Ji-hye
Calls grow to delist Samsung, SK hynix leveraged ETFs

Hanwha Ocean's Canada setback boosts export prospects

Hanwha Ocean’s narrow defeat in Canada’s multibillion-dollar submarine procurement project has proven to be a strategic showcase for Korean defense technology, laying the groundwork for the firm’s future exports, experts and industry officials said Tuesday. The analysis came shortly after the Korean shipbuilder lost the Canadian Patrol Submarine Project, a program valued at up to 60 trillion won ($39.3 billion), to Germany’s TKMS. Experts attribute Hanwha Ocean's defeat not to technological shortcomings, but to geopolitical considerations, particularly Germany's longstanding alliance with Canada through NATO. While political factors are believed to have played a decisive role, they argue that the closely contested bidding process underscored Hanwha Ocean's ability to compete head-to-head with one of the world's most established submarine manufacturers. Moon Keun-sik, a professor at Hanyang University’s Graduate School of Public Policy and a former Korean submarine captain, said Korea had mounted a strong campaign, but was ultimately unable to overcome the political realities su

Jul 7, 2026By Lee Min-hyung
Hanwha Ocean's Canada setback boosts export prospects

Vietnam essential to K-food's ASEAN expansion

Vietnam is expected to drive Korea's food exports to Southeast Asia, according to the Korean government, which last week completed a market survey in the region's key economy. The Ministry of Agriculture, Food and Rural Affairs said Tuesday that it confirmed strong local demand for K-food and identified logistics infrastructure needed to facilitate exports during a recent market survey in Vietnam. K-Market, a Korean food distributor in Hanoi, has risen as a key local company in collaboration with the Korean government. At the center of the ministry’s latest Association of South East Asian Nations (ASEAN) K-food expansion plan is a new multimodal logistics hub in Hanoi completed last month. The ministry and its fresh produce distribution agency, the Korea Agro-Fisheries & Food Trade Corp., jointly built the facility to support Korean food exporters by providing a way for them to save on logistics. The advanced facility is equipped with rapid cooling and freezing rooms and a cold-chain package, which are critical for fresh agricultural and livestock products. The corporation said the fa

Jul 7, 2026By Ko Dong-hwan
Vietnam essential to K-food's ASEAN expansion

Baemin teams up with Seoul to tackle loneliness through food campaign

Baemin, Korea's largest food delivery platform, is turning mealtime into a tool for social connection, launching a new campaign with the Seoul Metropolitan Government aimed at helping young adults identify and overcome loneliness. Woowa Brothers, the operator of Baemin, said Tuesday it launched the "Meal Mate Test" campaign for Seoul residents in their 20s, 30s and 40s as part of its partnership with the city to address loneliness and social isolation. The campaign follows an agreement signed in December 2024 under Seoul's "Loneliness-Free Seoul" initiative. The company said it has worked with the city since last year on promotions tied to Baemin's pickup service to encourage socially isolated residents to leave their homes, attracting about 140,000 participants. The Meal Mate Test is based on Seoul's self-assessment questionnaire for loneliness and social isolation. Participants answer questions about their food ordering habits, dining preferences and how they unwind after a tiring day to identify their eating style and level of social isolation. Customers who complete the test will recei

Jul 7, 2026By Lee Kyung-min
Baemin teams up with Seoul to tackle loneliness through food campaign

Hankook Tire retains top spot in German EV tire test for 2nd year

Hankook Tire has claimed the top spot in a leading German comparison of all-season electric vehicle (EV) tires for the second consecutive year, bolstering its push to expand its presence in Europe's fast-growing EV market. The company said Tuesday that its iON FlexClimate all-season electric vehicle tire ranked first overall in the 2026 electric vehicle all-season tire test conducted by German automotive magazine Auto Bild. The evaluation compared eight global tire brands in the 215/55 R18 size using Kia's EV3 electric SUV. The tires were tested across dry, wet and snowy road conditions, with braking, handling, mileage, rolling resistance and driving noise among the categories assessed. Hankook Tire said the iON FlexClimate delivered the strongest overall performance while demonstrating superior durability. The company said the tire was the only product in the test designed exclusively for EVs. It also said the tire earned the highest scores for wet-road braking, handling and cornering performance. The tire also recorded an estimated service life of 54,560 kilometers, outperforming competin

Jul 7, 2026By Lee Kyung-min
Hankook Tire retains top spot in German EV tire test for 2nd year

Hyundai Steel steps up European push with customer outreach at WRC rally

Hyundai Steel is stepping up its push into the European market, using a customer event held alongside the World Rally Championship (WRC) Greece Rally to reassure key clients on supply stability, trade compliance and its low-carbon steel strategy. The company said Tuesday it hosted its Customers Day event during the WRC Greece Rally, bringing together major European customers to strengthen partnerships and showcase its latest steel technologies. Hyundai Steel said the meeting focused on the reliability of its automotive steel supply, its readiness to respond to the European Union's Carbon Border Adjustment Mechanism (CBAM) and newly revised tariff-rate quota (TRQ) rules, as well as its portfolio of high-value steel products. The company said it explained how it plans to respond to the EU's updated steel TRQ system, which took effect this month. It also said it emphasized its commitment to prioritizing shipments for key customers despite growing uncertainty surrounding global trade regulations, with the goal of maintaining a stable supply of steel products. Hyundai Steel said customers resp

Jul 7, 2026By Lee Kyung-min
Hyundai Steel steps up European push with customer outreach at WRC rally
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