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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.

POSCO seeks stronger Korea-US ties in AI, energy sectors

POSCO Group Chairman Chang In-hwa visited New York this week to attend a roundtable with U.S. industry experts and participate in a global forum for steel industry leaders. He discussed ways to leverage Korea-U.S. cooperation in steel, rechargeable battery materials and energy to navigate geopolitical uncertainties during Tuesday’s roundtable arranged by the Korea Society, an organization dedicated to promoting mutual understanding and cooperation between the two countries. POSCO Group said that experts from both countries in artificial intelligence (AI), geopolitics and the energy industry explored practical solutions to challenges facing the manufacturing sector in this era of rapid AI transformation. In particular, discussions focused on using industrial large knowledge models that integrate the expertise and data of each specialist through AI, as well as automating high-risk and unstructured manufacturing plants with robots. At the Global Dynamics Forum held the following day by World Steel Dynamics (WSD), Chang introduced POSCO Group’s strategies to become a leader in advanced m

Jun 19, 2025By Park Jae-hyuk
POSCO seeks stronger Korea-US ties in AI, energy sectors

Shipping industry alarmed by Middle East conflict

Fears are mounting in the Korean shipping industry over potential damage to vessels and crews passing through the Strait of Hormuz, as Iran has threatened to block the vital oil trade route in retaliation for Israel's ongoing air raids that began last Friday. While sailors are calling for ships to detour around the strait, the government is closely monitoring the safety of Korean vessels and the economic impact of the Middle East conflict. The Federation of Korean Seafarers' Unions issued a statement Thursday urging all Korean ships to bypass the Strait of Hormuz or, at the very least, guarantee sailors the right to disembark from vessels that must pass through the dangerous area. The federation also shared what it claimed were photos of missiles fired near a Korean ship traversing the strait, emphasizing that risks are increasing due to Iranian jamming, which has disrupted vessels' global positioning systems. "The anxiety of seafarers and their families is at its peak," a federation official said. On the same day, the Ministry of Oceans and Fisheries announced that relevant ministries ha

Jun 19, 2025By Park Jae-hyuk
Shipping industry alarmed by Middle East conflict
  • Trump says he's 'not looking for a fight' with Iran but stands ready to act if necessary

SK Telecom set to complete USIM replacement after massive cyberattack

SK Telecom, Korea's leading mobile carrier, said Thursday it has nearly completed replacing universal subscriber identity module (USIM) chips for its entire user base of 25 million, about two months after it said sensitive USIM data may have been leaked due to an unidentified cyberattack on its servers. "USIM replacement will be completed today in general," an SK Telecom official said. The official, however, remained cautious about fully resuming new subscription services, which have been suspended for about a month under government orders. SK Telecom began offering free USIM card replacements in late April to all of its subscribers, including 2 million budget phone users, to prevent potential identity theft or financial fraud following the data breach. The Korean government ordered the company to suspend new subscriptions until the USIM replacements were finalized. As the replacement process nears completion, SK Telecom resumed new subscription services, limited to embedded SIMs (eSIMs), Monday. According to interim findings released last month by a government-led investigation team, the

Jun 19, 2025By Yonhap
SK Telecom set to complete USIM replacement after massive cyberattack

Hyundai AutoEver continues support for partner firms’ ESG management

Hyundai AutoEver, a software unit of Hyundai Motor Group, said Thursday it will join the 2025 Environmental, Social and Governance (ESG) Support Program for Partner Companies organized by the Korea Commission for Corporate Partnership (KCCP). Hyundai AutoEver was the first company to join the KCCP program. This marks the fifth consecutive year it has participated in the initiative, which is aimed at encouraging large companies to support their partner companies’ efforts to incorporate ESG values in their business activities. This year, Hyundai AutoEver will develop ESG metrics tailored for IT firms. Through this, the company plans to support its small- and mid-sized partners in enhancing their ESG management by offering training and consulting, greenhouse gas emission management and capacity building in industrial safety and regulatory filing. According to the KCCP, Hyundai AutoEver’s ESG support program has helped improve the average ESG compliance rate of 89 partner companies from 44.0 percent to 87.9 percent over the past four years. Among them, 20 obtained the KCCP’s official

Jun 19, 2025By Nam Hyun-woo
Hyundai AutoEver continues support for partner firms’ ESG management

Baemin to waive brokerage fees for orders under $7

Woowa Brothers, operator of the country’s largest online food ordering platform Baedal Minjok, or Baemin, and restaurants using the platform have reached an agreement to exempt usage fees for small orders valued at 10,000 won ($7.27) or less, the company announced Thursday. The agreement is part of a broader package aimed at improving operating conditions and boosting sales for both small- and medium-sized restaurants and the company. Additionally, Woowa Brothers will support lower-earning restaurants on its platform by subsidizing their delivery fees. According to the company, the total financial support for restaurants under the package deal will amount to up to 300 billion won over the next three years. The agreement, which is part of a comprehensive deal to be finalized later, was reached between Woowa Brothers and a coalition of local federations representing businesses using the platform, including the Korea Franchise Union. The ruling Democratic Party of Korea’s committee for subordinate parties in business contracts played a mediating role in the agreement. “This first segm

Jun 19, 2025By Ko Dong-hwan
Baemin to waive brokerage fees for orders under $7

Woojin Industrial Systems showcases latest technologies at railway expo

Woojin Industrial Systems is showcasing its latest technologies in railway vehicles during the Korea Railways and Logistics Fair 2025 at BEXCO in Busan, starting Wednesday. The electric bus and railway vehicle maker said in a press release Thursday that the company will introduce two key products — the Korean Automated Guideway Transit (K-AGT) Yangsan Line and APOLLO 900 autonomous electric bus — during the four-day event. The K-AGT is the nation’s first unmanned light rail vehicle, and the fourth of its kind in the world. The Yangsan Line is expected to be installed in the South Gyeongsang Province city’s first urban rail line soon. The company said its fully automated vehicle adopts a rubber-tire system, which significantly reduces noise during operation and ensures stable performance even on sharp curves and steep gradients. Woojin Industrial Systems is also showcasing the APOLLO 900 autonomous electric bus to demonstrate the company’s latest technology in eco-friendly smart mobility. It said the APOLLO 900 is capable of autonomous driving in complex city environments thanks

Jun 19, 2025By Jhoo Dong-chan
Woojin Industrial Systems showcases latest technologies at railway expo

POSCO E&C partners with National Institute of Forest Science for hybrid construction tech

POSCO E&C has signed a partnership with the National Institute of Forest Science to jointly develop a hybrid construction technology that combines domestic wood with steel materials, the construction firm said Wednesday. With timber architecture gaining global attention for its low carbon emission and eco-friendliness, the agreement aims to support Korea’s 2050 carbon neutrality goal by securing advanced green building technologies and expanding the use of locally sourced wood. Green building refers to construction designed to minimize environmental damage by promoting a green building ecosystem, expanding green remodeling, increasing zero-energy buildings and fostering related technologies, all of which are aimed at achieving carbon neutrality by 2050. Under the partnership, the two entities plan to accelerate the development of various wood structure design models for different types of residential facilities, such as apartments and mixed-use houses, according to the POSCO affiliate. Both sides also agreed to codevelop hybrid structural components by combining timber and steel, while

Jun 19, 2025By Lee Min-hyung
POSCO E&C partners with National Institute of Forest Science for hybrid construction tech

QR codes on label-free bottles inconvenience sellers, makers

The government’s plan to replace information labels with QR codes on plastic water bottles is raising questions about viability among retailers, due to a lack of devices to scan the codes and concerns over additional costs. Starting next year, water manufacturers will be required to introduce label-free bottles. The QR codes printed on the bottle caps have prompted complaints from small and medium-sized water producers, who are not yet equipped to print the codes on their products. Plastic water bottles are sold either in bundles of multiple bottles or individually. While bundles — typically wrapped in thin plastic — are allowed to carry a label with product information and a barcode, individual bottles without labels face physical limitations that prevent them from displaying such information. The only available space on an individual bottle is the cap, where a QR code containing product information can be printed. Difficulty scanning QR codes on individual label-free bottles is especially common among small and medium-sized grocery stores, many of which say their product scanning

Jun 19, 2025By Ko Dong-hwan
QR codes on label-free bottles inconvenience sellers, makers

More blue-collar workers allowed to wear shorts to work

More factories run by major conglomerates are allowing workers to wear shorts to work, which was once regarded as a privilege reserved for their white-collar employees working in Seoul and the capital area. In response to growing calls from young blue-collar workers for equal treatment, companies known for their conservative corporate cultures have recently relaxed their strict dress codes. HD Hyundai Heavy Industries (HHI) has decided to temporarily allow both full-time and subcontracted workers to wear shorts and sandals when commuting to and from its Ulsan shipyard between June 16 and Sept. 12. Although its parent company has permitted shorts and slippers at its headquarters in Seongnam, Gyeonggi Province, since 2023, this is the first time the shipbuilder has allowed shorts at its shipyard since its founding in 1972. Last year, HD HHI's management advised shipyard workers to refrain from wearing shorts for safety reasons. However, the workers continued to urge the company to allow comfortable clothing during their commutes, as they are required to wear uniforms while on the job. "Our

Jun 19, 2025By Park Jae-hyuk
More blue-collar workers allowed to wear shorts to work

Kolmar's owner family dispute escalates into management conflict

A management rights feud among siblings at Kolmar Group has escalated into a legal battle between father and son, according to industry officials and legal sources Wednesday. Chairman Yoon Dong-han, who founded the leading cosmetics manufacturer Kolmar Korea in 1990, filed a lawsuit against his eldest son, Kolmar Holdings Vice Chairman Yoon Sang-hyun. The lawsuit was filed with the Seoul Central District Court on May 30, according to the group. In the suit, Yoon demanded the return of 2.3 million shares in the holding company — now totaling 4.6 million — which he had gifted to his son in 2019. The dispute dates back to 2018, when the chairman finalized a succession plan through a three-way agreement: his son, Sang-hyun, would take over Kolmar Holdings and Kolmar Korea, while his daughter, Yea-won, would lead Kolmar BNH. Based on that agreement, Yoon gifted 2.3 million Kolmar Holdings shares to his son in December 2019 under a conditional arrangement. The stake later doubled to 4.6 million shares through a bonus issue, making Sang-hyun the largest shareholder with a 31.75 percent stake

Jun 18, 2025By Jun Ji-hye
Kolmar's owner family dispute escalates into management conflict
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