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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.

Hyundai Motor’s NEXO hydrogen car wins top safety rating in Europe

Hyundai Motor’s all-new NEXO hydrogen fuel-cell electric SUV has received the highest five-star rating in the latest European New Car Assessment Programme (Euro NCAP) safety evaluation, proving the carmaker’s long-standing commitment to safety and zero emission mobility, the company said Sunday. The vehicle posted top-tier results across all major evaluation categories, including adult occupant protection, child occupant protection, vulnerable road user protection and safety assist technologies. The achievement extends Hyundai’s recent five-star streak, following the IONIQ 5, IONIQ 6 and IONIQ 9 electric vehicles (EVs). In adult occupant tests, the passenger compartment remained stable in the frontal offset test, with good protection of the knees, femurs and all critical body regions for both driver and passenger, the carmaker said. The NEXO hydrogen car also delivered strong performance in the full-width rigid barrier test, achieved maximum points in the side barrier test and provided effective far-side occupant protection through its center airbag. The carmaker said the child occ

Dec 14, 2025By Lee Min-hyung
Hyundai Motor’s NEXO hydrogen car wins top safety rating in Europe

BAT, McLaren Formula 1 team conclude successful 2025 F1 season

British American Tobacco (BAT) celebrated the conclusion of the 2025 Formula 1 season with the McLaren Formula 1 Team at the Abu Dhabi Grand Prix, marking the end of the season as McLaren’s Official Principal Partner and celebrating the team’s outstanding performance throughout the year. Since the partnership began in 2019, BAT and McLaren have advanced their shared vision of “A Better Tomorrow,” built on the core values of innovation, transformation and sustainability. Through this ongoing partnership, the two sides are sharing their respective strengths and visions, showcasing various innovations that enhance their brand presence both on and off the track. In October, McLaren secured the 2025 World Constructors’ Championship, its 10th overall, after confirming the win ahead of the final races. Notably, securing the championship with six rounds remaining marked a historic achievement — McLaren’s first back-to-back Constructors’ titles since the 1990 and 1991 seasons. The team’s significant technical advancements with the innovative MCL39, the consistent performances a

Dec 13, 2025By Ko Dong-hwan
BAT, McLaren Formula 1 team conclude successful 2025 F1 season

Lotte P&D expands support for single-parent families

Lotte Property & Development (Lotte P&D) is rolling out its corporate social responsibility initiative, Happy Box, to support 100 single-parent families raising infants and toddlers in Seoul. Since launching the program in 2017, the company has supported a total of 1,000 households to date. The year-end initiative has primarily focused on low-income single-person households in Songpa District until now. This year, Lotte expanded the program to include families with young children across Seoul, emphasizing more hands-on child care support and increased employee participation. “The Happy Box project is especially meaningful because our employees make the items themselves with care,” said Kim Hyuk-shin, head of Lotte P&D’s creating shared value team. “Going forward, we will keep working to expand a culture of sharing for the sustainable growth of our local communities.” This year’s Happy Box includes infant-care items such as ear thermometers, blankets, baby snacks and diaper pouches, along with basic skin care products for parents. About 100 employees volunteered to hand-make t

Dec 12, 2025By Lee Gyu-lee
Lotte P&D expands support for single-parent families

Applicants for class-action lawsuit against Coupang in US exceed 2,300

The number of people who have expressed their intention to join a U.S. class-action lawsuit against Coupang over a recent massive data leak has surpassed 2,300, a domestic law firm said Friday. Daeryun Law Firm LLC said its U.S. subsidiary, SJKP Law Firm LLP (SJKP LLP), has received applications from 2,346 individuals, mostly Korean nationals with U.S. citizenship, local residents and consumers living in Korea. The number is expected to rise, as some consumers who joined a domestic lawsuit sought by Daeryun have also indicated they plan to participate in the U.S. class action, the law firm said. During a press conference held Monday (U.S. time), SJKP LLP said it is preparing to file a class-action complaint in the U.S. Federal District Court for the Southern District of New York against Coupang, which had the personal data of its 33.7 million users in Korea leaked but "has shown no meaningful accountability to date." "As a U.S. corporation, it must answer to the full authority of the American judicial system. Through this lawsuit, we intend to uncover the truth behind the breach and secu

Dec 12, 2025By Yonhap
Applicants for class-action lawsuit against Coupang in US exceed 2,300

Google Korea names new managing director

Google Korea announced Friday that it has appointed Yoon Goo as its new country managing director, with him set to begin overseeing the company’s advertising sales operations starting Jan. 5. He is a technology management expert with more than 20 years of experience at leading global companies including Apple, Samsung Electronics and Microsoft, where he drove digital transformation and sustainable growth. The company said it expects his extensive experience and leadership to play a key role in accelerating Google Korea’s growth. Yoon said his mission is to ensure Google is a true partner in Korea's success. “We will aggressively leverage the momentum of Gemini and AI to democratize growth, foster innovation, and empower our strategic customers spanning global conglomerates, SMBs, and start-ups to achieve their greatest ambitions,” he said on his social network platform. “I am eager to start by listening, learning, and collaborating with our talented colleagues and valued partners. Let's build an even brighter future together!” Yoon earned a bachelor’s degree in finance from t

Dec 12, 2025By Lee Gyu-lee
Google Korea names new managing director

Hanwha Ocean gains favor in KDDX race, backed by Lee’s praise

Speculation is growing that Hanwha Ocean could be allowed to join the Korean Next-Generation Destroyer (KDDX) project, following President Lee Jae Myung’s public endorsement of the company’s improved labor practices for subcontracted workers. Combined with the president’s negative stance on awarding a sole-source contract to HD Hyundai Heavy Industries (HHI) for the 7.8 trillion won ($5.3 billion) program to build six 6,000-ton destroyers by 2030, the situation is prompting expectations that the Defense Acquisition Program Administration (DAPA) will ask both shipbuilders to jointly design the KDDX-class destroyers — a departure from the usual practice of granting a sole-source contract to the company that drafted the basic design. While being briefed on the Ministry of Employment and Labor’s operations on Thursday, Lee unexpectedly mentioned Hanwha Ocean’s unannounced decision to eliminate discrimination against subcontracted workers in bonus payments. “This is an example of a desirable corporate culture,” he said. According to Hanwha Ocean, the ratio of subcontracted wor

Dec 12, 2025By Park Jae-hyuk
Hanwha Ocean gains favor in KDDX race, backed by Lee’s praise

POSCO's steel supply for Alaska LNG project irks US manufacturers

An advocacy group for U.S. manufacturers has voiced concerns over the proposed use of POSCO’s steel for pipelines transporting liquefied natural gas (LNG) from Alaska, fueling uncertainty over the Korean steelmaker’s participation in the Donald Trump administration’s much-hyped energy project. A week after POSCO International, the group's trading and energy unit, signed an agreement Dec. 1 with Glenfarne, the project’s lead developer, regarding the former’s supply of steel in exchange for importing LNG, the Coalition for a Prosperous America (CPA) issued a statement raising alarm over the use of “made-in-Korea” steel. “A proposed 807-mile natural gas pipeline intended to bring gas from Alaska’s North Slope to a new export terminal on the Kenai Peninsula in Southcentral Alaska will be fabricated in Korea despite the administration’s headline ‘50 percent’ steel tariff,” CPA said Wednesday (local time). “CPA is reiterating its call for the Trump administration to prioritize domestic metal fabricators and not allow the outsourcing of critical infrastructure suppl

Dec 12, 2025By Park Jae-hyuk
POSCO's steel supply for Alaska LNG project irks US manufacturers

Hanwha Group wins Australian gov't approval to acquire stake in Austal

Hanwha Group has received approval from the Australian government to acquire an additional stake in Australia-based shipbuilding and defense firm Austal, local media reported Friday, in a move that strengthens its strategy to expand its shipbuilding base into Oceania and North America. Australia's Treasurer Jim Chalmers said in a statement the Canberra government has decided to allow Hanwha to increase its shareholdings in Austal to 19.9 percent from 9.9 percent, according to news reports. However, the minister noted that the Korean conglomerate, whose businesses span energy, defense and finance, will be barred from raising its stake above the 19.9 percent threshold. Headquartered in Australia, Austal is a global defense shipbuilder with major operations in the United States and supplies vessels to the U.S. Navy. Hanwha Group has sought to acquire Austal since early last year, but failed in its initial attempt in April 2024 after the Australian shipbuilder rejected the proposal. After purchasing a 9.9 percent stake in March through affiliates Hanwha Aerospace and Hanwha Systems, the group

Dec 12, 2025By Yonhap
Hanwha Group wins Australian gov't approval to acquire stake in Austal

Gen Z-backed fashion giant Musinsa to open 1st overseas outlet in Shanghai

Musinsa, a Korean fashion and retail platform company, said Friday it will open its first overseas outlet in China as part of its global expansion strategy. The Musinsa Standard outlet, which sells the company's in-house fashion brands, will open at the Huaihai Parkson shopping center in Shanghai on Sunday, the company said in a press release. "We selected Shanghai as the first overseas destination for a Musinsa offline store as the city is emerging as a trendsetting hub for young global consumers. We plan to expand offline stores across China starting with the Shanghai outlet," the company said. In addition to the Musinsa Standard store, the company plans to open a Musinsa Store outlet — a curated K-fashion store carrying partner brands — in Shanghai later this month, and a Tokyo store next year. The company currently offers more than 10,000 Korean fashion brands on its online platform. In Korea, it operates 32 Musinsa Standard outlets as well as six Musinsa Store locations. Of the domestic brands, about 4,000 also sell products through Musinsa Global, the company's English-language

Dec 12, 2025By Yonhap
Gen Z-backed fashion giant Musinsa to open 1st overseas outlet in Shanghai

Samsung Electronics launches Galaxy Z TriFold in Korea

Samsung Electronics on Friday launched the Galaxy Z TriFold, the company's new foldable smartphone model, in South Korea, drawing long lines of early adopter consumers at the company's retail stores across the country. Dozens of consumers were seen lined up at Samsung Electronics' 20 major stores across the country to purchase the Galaxy Z TriFold, reflecting the attention among enthusiast Samsung fans on one of the slimmest devices yet among Samsung's foldable models. The Galaxy Z TriFold measures 12.9 mm when folded and 3.9 mm when fully unfolded. The device comes with a 6.5-inch cover display, similar to its foldable sibling Galaxy Z Fold 7, allowing users to adapt the device for different usage situations, the company said. The South Korean tech giant noted it will provide a 50 percent discount for display repairs for the device, but the smartphone will not be covered by its warranty program, Samsung Care Plus. Samsung released only a single version of the Galaxy Z TriFold with 512 gigabytes of storage and in black. The price is set at 3.59 million won ($2,430). Samsung Electronics sai

Dec 12, 2025By Yonhap
Samsung Electronics launches Galaxy Z TriFold in Korea
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