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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.

Netmarble chairman spearheads social value initiatives

Netmarble and Coway Chairman Bang Jun-hyuk is gaining attention for promoting social values through initiatives that go beyond corporate profit by leveraging his company’s core expertise. According to a press release from Netmarble, under Bang's leadership social contribution efforts at Netmarble and Coway have been refocused on sustained, expertise-based engagement rather than one-time donations. A key vehicle for these efforts is the Netmarble Cultural Foundation, chaired by Bang, which promotes the idea that games can serve as a positive cultural content. The foundation’s flagship program Game Communication School helps bridge generational gaps by encouraging parents and children to play and understand games together. The initiative has been credited with improving family relationships and spreading more positive perceptions of gaming culture. Netmarble also supports youth interested in gaming careers through its Game Expedition program, which introduces students to various game-related professions and helps them explore career paths in the industry. Earlier this year, the company

Nov 10, 2025
Netmarble chairman spearheads social value initiatives

INTERVIEW Partners for the Future Foundation marks 25 years contributing to Korean society

Established in the wake of the Asian financial crisis in the late 1990s, Partners for the Future Foundation marked its 25th anniversary this year, standing as a lasting example of American businesses’ contributions to Korean society. Chairman Jeffrey Jones, who has worked to strengthen business cooperation between Korea and the United States since the 1970s, believes the foundation has grown into a platform for companies to implement corporate social responsibility (CSR) activities and will further expand its mission to support disabled workers and students at regional universities. “We provide a platform for companies to implement their CSR activities,” Jones said during an interview with The Korea Times. “A lot of companies have specific CSR activities that they want to do, but they don't have the personnel or know-how to implement those activities. So we help them achieve that CSR goal.” Partners for the Future Foundation is a nonprofit organization and the charitable arm of the American Chamber of Commerce in Korea (AMCHAM). It was founded in 2000, when Jones was the chair

Nov 10, 2025By Nam Hyun-woo
[INTERVIEW] Partners for the Future Foundation marks 25 years contributing to Korean society

AMCHAM raises record fund for college students during CEO Servers’ Night

The American Chamber of Commerce in Korea (AMCHAM) raised a record scholarship fund worth 150 million won ($103,000) during its 18th CEO Servers’ Night on Thursday, bringing together key executives across the business community to support underprivileged students here. This year marked the 18th anniversary of the event, which was organized by the Partners for the Future Foundation, a nonprofit organization established in 2000 as AMCHAM’s charitable arm. This year’s edition carried special meaning as the foundation celebrated its 25th anniversary, hosting the largest CEO Servers’ Night to date in both participation and fundraising. A total of 41 CEOs and senior executives from AMCHAM member companies volunteered as servers, personally serving meals to around 440 guests. Their participation reflected the business community’s shared commitment to giving back and supporting the next generation. AMCHAM raised the record amount of fund, surpassing last year's 120 million won. All proceeds will be used for university students facing financial hardship. “The AMCHAM CEO Servers’ Nigh

Nov 10, 2025By Lee Min-hyung
AMCHAM raises record fund for college students during CEO Servers’ Night

Samsung maintains top rating in gov't export control compliance program

Samsung Electronics was evaluated as AAA, the highest grade in the Internal Compliance Program (ICP) for export control, by the Ministry of Trade, Industry and Resources, the company said Monday. The ICP is the government’s certification system for companies that show exemplary compliance with export control regulations for strategic items such as semiconductors, network equipment and other goods. These goods are regulated for national security reasons and require administrative procedures to obtain export licenses. The ministry has been operating the ICP for strategic items under a three-tier grading system — AAA, AA and A — to enhance export transparency and efficiency in the export control capabilities of companies. Companies designated as ICP receive administrative benefits such as faster export license reviews and simplified documentation. Samsung Electronics has maintained the AAA grade since the program’s introduction in 2014. The designation is valid for a period of three years. In the recent evaluation, Samsung Electronics received the grade due to the CEO's commitment t

Nov 10, 2025By Nam Hyun-woo
Samsung maintains top rating in gov't export control compliance program

Hyundai Motor Group prioritizes stability, avoiding year-end reshuffle

Hyundai Motor Group is prioritizing continuity and stability over change, avoiding a year-end reshuffle of top management as it pursues steady business growth. The Korean carmaker has borne the brunt of a 25 percent auto tariff in the U.S. for almost half a year. Even after Korea and the U.S. agreed to reduce the figure to 15 percent, the carmaker is still on high alert, due to unpredictable trade policies from the Donald Trump administration. Late last year, Hyundai Motor appointed two top executives — CEO Jose Munoz and President Sung Kim. The decision was aimed at preemptively addressing mounting U.S. tariff risks, and was the first time that Hyundai Motor appointed a foreign CEO. As the carmaker consistently realigns its business strategy in response to ongoing changes in its largest export market, there is a broad expectation that Munoz's term will be extended, recognizing his skill in driving sales growth even in the face of the tariff shocks. His current term ends in March 2026. Hyundai Motor reported accumulated sales of 139.4 trillion won ($95.6 billion) in the first three qua

Nov 9, 2025By Lee Min-hyung
Hyundai Motor Group prioritizes stability, avoiding year-end reshuffle

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

SK chair highlights operational improvement to lead in AI

SK Group Chairman Chey Tae-won has called for a back-to-basics approach to securing leadership in artificial intelligence (AI), building on the ongoing operational improvement efforts of the group’s affiliates. His remarks came at the closing ceremony of the annual CEO Seminar in Icheon, Gyeonggi Province, which brought together more than 60 CEOs and executives from SK affiliates. This year’s edition was held from Thursday to Saturday. “Operational improvement may sound complicated, but it ultimately means getting back to the basics,” Chey said in his closing remarks. “What matters is not simply creating good processes within a company or business, but continuously checking whether they actually work effectively.” Chey also warned that a company pursuing AI transformation without a solid foundation is bound to fail. “We need to review the processes we have followed over the past five to 10 years to avoid repeating past mistakes. Only when we excel in operational improvement can we build AI on top of it — and through this process, we will be able to resolve the challenges

Nov 9, 2025By Nam Hyun-woo
SK chair highlights operational improvement to lead in AI

Samsung's art frame TV makes Oprah Winfrey's 2025 holiday gift list

Samsung Electronics' art frame television, The Frame Pro, has been named one of U.S. media personality Oprah Winfrey's recommended winter holiday gifts as North America's biggest shopping season approaches, industry sources said Sunday. The South Korean home appliances maker's flagship art frame TV model was included on "Oprah's Favorite Things List" for 2025, published Wednesday (U.S. time) on Oprah Daily, a monthly magazine co-founded by Winfrey and Hearst, a lifestyle and design company, according to the sources. The Oprah list is an annual holiday gift guide curated by Winfrey, one of America's most influential cultural figures, and released ahead of the winter holiday shopping season. "Looks like art, works like a TV," this year's list said, referring to The Frame Pro. "We first picked the Frame TV in 2017, and the new Frame Pro is even slimmer, hanging nearly flush on the wall, and thanks to built-in artificial intelligence (AI), it can now translate dialogue in real time," it added. In 2017, Samsung first launched The Frame as a television designed to resemble artwork when turned o

Nov 9, 2025By Yonhap
Samsung's art frame TV makes Oprah Winfrey's 2025 holiday gift list

Nongshim to launch new kimchi-flavored Shin Ramyun after Netflix tie-up

Nongshim, the country's leading instant noodle maker, said Sunday it will launch a new kimchi-flavored Shin Ramyun product in global markets next month, building on strong consumer response to earlier versions featuring characters from the Netflix animated film "KPop Demon Hunters." The company plans to introduce a limited run of Shin Ramyun Kimchi Stir Fry in the domestic market on Nov. 24 through Emart discount stores before rolling it out initially in Australia and Taiwan. "With Shin Ramyun Kimchi Stir Fry, we are targeting 60 to 70 markets and considering an instant cup noodle version for global expansion," Shim Gou-chul, executive vice president of Nongshim's global marketing division, said in a press conference at the company's main production facility in Gumi, some 200 kilometers southeast of Seoul. The new product follows Shin Ramyun Toomba, which has sold about 60 million units worldwide since its debut in October. Nongshim hopes the kimchi-flavored variety will match that success, Shim said. Nongshim's global brand recognition has risen sharply, helped by two limited-edition ba

Nov 9, 2025By Yonhap
Nongshim to launch new kimchi-flavored Shin Ramyun after Netflix tie-up

Kumho Petrochemical strengthens environmental management to cut carbon emissions

Kumho Petrochemical is reinforcing its environmental management to better respond to climate change and achieve carbon neutrality by 2050. The company is introducing a range of initiatives, including the application of carbon capture, utilization and storage (CCUS) technologies to its energy business. It is also promoting recycling and waste-to-resource conversion programs to reduce greenhouse gas emissions. The firm’s key affiliates — including Kumho P&B Chemicals, Kumho Mitsui Chemicals and Kumho Polychem — are pursuing a shared goal of achieving carbon neutrality by 2050 through sustainable business practices. Kumho Petrochemical aims to minimize environmental pollution and improve resource efficiency. The company is expanding its participation in the global Zero Waste to Landfill certification program, which evaluates corporate efforts in resource circulation. Kumho Petrochemical is also moving to enhance eco-friendly monitoring at one of its plants in Yeosu, South Jeolla Province. The facility recently renewed its gold certification in the program by recycling combustion resid

Nov 9, 2025By Lee Min-hyung
Kumho Petrochemical strengthens environmental management to cut carbon emissions
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