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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.

Future innovators shine at Huawei ICT competition as AI education takes center stage

SHENZHEN, China — University students and their instructors from around the world celebrated their victories Saturday at the Huawei ICT Competition 2024-2025 Global Final in Shenzhen. The honorees and their teachers filled the stage, proudly waving their national flags as Chinese information and communications technology (ICT) giant Huawei captured photos of the talent showcased at the ninth edition of the global contest. Eighteen teams from nine countries — China, Algeria, Brazil, Philippines, Morocco, Nigeria, Serbia, Tanzania and Singapore — won grand prizes across six categories: Innovation, Programming and four practice tracks — Ascend AI, Computing, Cloud and Network. The event also presented awards for first, second and third place in each category. Special honors were given to four all-female teams from Brazil, Saudi Arabia, Germany and Kenya, which won the Women in Tech Award. Eighteen instructors from nine countries were also recognized with the Most Valuable Instructor Representative Award for their contribution to ICT education. “I want to thank my teacher for guidi

May 27, 2025By Ko Dong-hwan
Future innovators shine at Huawei ICT competition as AI education takes center stage

Doenjang croquette creator wins MFG food contest

A student who created a doenjang, or soybean paste, garlic croquette has won the highest honor in a new recipe contest hosted by MFG Korea, according to the major restaurant chain company Monday. Kim Hak-joon, from the Department of Korean Cuisine at Jeonju University in North Jeolla Province, received the grand prize for his winning recipe. MFG Korea operates Mad for Garlic, a Korean-style Italian restaurant brand with 41 locations nationwide. In the contest among university students from across the nation, Kim used garlic pickled in doenjang as the key ingredient in his innovative croquette. “My grandfather is from Uiseong County in North Gyeongsang Province, which is known as one of the country’s major garlic-producing regions. Mad for Garlic also uses garlic as a signature ingredient in its dishes,” Kim said during an award ceremony held Friday at the brand’s Times Square branch in Seoul’s Yeongdeungpo District. “So I wanted to create a croquette that combines the flavors of garlic and Korea’s representative traditional sauce, doenjang. I’m glad it turned out well,”

May 27, 2025By Ko Dong-hwan
Doenjang croquette creator wins MFG food contest

T'way, Jeju Air, Korean Air fined over aviation maintenance violations

T'way Air, Jeju Air and Korean Air have been fined a combined 3.54 billion won ($2.6 million) for violating aviation maintenance rules, the transport ministry said Tuesday. T'way Air received the heaviest fine of 2.6 billion won for failing to follow maintenance manuals, including skipping hydraulic fluid tests. The airline also altered maintenance records and ignored inspection intervals set by Boeing for three B737-800 units. Jeju Air was fined 800 million won for overdue maintenance checks and failing to follow proper engine troubleshooting steps for two B737-800 units. Korean Air was fined 133 million won for improper maintenance flap systems on A330-300 models, with two engineers suspended for 15 days each. "To ensure airlines do not neglect investments in aviation safety, we will continue to strengthen oversight across all aspects of maintenance and operations," a ministry official said.

May 27, 2025By Yonhap
T'way, Jeju Air, Korean Air fined over aviation maintenance violations

BGF Retail to open 1st CU convenience store in Hawaii this year

BGF Retail, the operator of CU convenience stores, said Tuesday it will open its first CU outlet in Hawaii this October as part of its global expansion strategy. The company has established a local subsidiary and signed a master franchise agreement with CU Hawaii LLC, a new entity set up by local firm WKF, it said in a press release. Under a master franchise agreement, the master franchisor grants the master franchisee the right not only to open franchise units in a specified area but also to sub-franchise them to third parties. "At overseas outlets, the company will introduce gimbap, which is gaining popularity in the U.S. as a healthy food, and instant ramyeon cooking stations, a must-try experience for tourists in Korea," the release said. The world's first convenience store was launched in the United States in 1927. BGF Retail will be the first Korean retail company to enter the U.S. convenience store market, the company said. Hawaii will become the fourth overseas market for BGF Retail's convenience store business, following Mongolia, Malaysia and Kazakhstan, it said. The company curr

May 27, 2025By Yonhap
BGF Retail to open 1st CU convenience store in Hawaii this year

Hanwha Systems wins $40 mil. contract to develop radar for next-gen missile defense system

Hanwha Systems said Tuesday it has been selected as the developer of a multifunction radar (MFR) prototype for Korea's next-generation long-range surface-to-air missile (L-SAM) defense system. The company said it has won a 54.7 billion-won ($40 million) contract from the state-run Agency for Defense Development to develop a MFR prototype as part of the second phase of the L-SAM system upgrade. A MFR is responsible for real-time detection, tracking of multiple incoming targets and missile guidance. The prototype will be equipped with high-precision functionalities to extend the detection and tracking range for ballistic missile threats, surpassing those of the current L-SAM system. Hanwha Systems previously developed and supplied MFRs for the Cheongung and Cheongung-II systems. It is also the radar systems provider for the next-generation Korean destroyer KDDX and the homegrown KF-21 fighter jet. "We are committed to developing world-class, high-performance radar solutions to help the Korean military respond effectively to evolving aerial threats," said Park Hyuk, head of Hanwha Systems'

May 27, 2025By Yonhap
Hanwha Systems wins $40 mil. contract to develop radar for next-gen missile defense system

Big firms hiring more business people as outside directors

Korea's top 30 conglomerates are increasingly choosing people with a business background over former prosecutors or professors as their outside directors, industry data showed Tuesday. According to data from corporate tracker Leaders Index, 239 listed units of the country's top 30 conglomerates by assets hired 152 new outside directors in 2025, bringing the total number of board members to 876. Among the new outside directors, 39 were former high-ranking government officials, judges or prosecutors, accounting for 25.7 percent of the total. This marks a decline from last year, when former public officials accounted for 30.7 percent of the 215 new outside directors. In particular, the number of former prosecutors on the board fell sharply to three from 11 last year. The number of new outside directors with academic backgrounds also fell significantly from 68 last year to 35 this year. In contrast, the number of appointees from the business sector rose. A total of 52 business professionals, or 34.2 percent of the total, were named outside directors this year, up from 38, or 17.7 percent, a y

May 27, 2025By Yonhap
Big firms hiring more business people as outside directors

Hyundai Motor speeds up relocation of production amid tariff risks

Hyundai Motor is accelerating the relocation of some of its production from Korea to the United States to mitigate mounting tariff risks. Starting on Tuesday, the carmaker will partially suspend operation for its production line in the southeastern city of Ulsan. The suspension will last for four days, during which period its production of the flagship IONIQ 5 electric vehicle (EV) and Kona Electric will be halted. The production decline will be offset by its increased production in the U.S., as vehicles assembled there will be exempt from the country’s 25-percent auto tariff. In particular, Hyundai Motor is ramping up EV production at its Hyundai Motor Group Metaplant America. According to company data, the factory produced more than 11,000 IONIQ 5 EVs in the first quarter of this year, following the start of vehicle assembly in October last year. Hyundai Motor Group’s key auto brands — Hyundai Motor and Kia — plan to expand their U.S. production to 1.2 million vehicles in the future to counter the tariff shock. The move is inevitable due to the carmakers’ heavy reliance on the

May 27, 2025By Lee Min-hyung
Hyundai Motor speeds up relocation of production amid tariff risks

McDonald's sold-out walkathon takes charity to happier level

McDonald’s Korea on Sunday hosted Happy Walk, drawing 5,000 participants to World Cup Park in western Seoul for a charity walkathon. Even after the company raised the participants’ maximum pool from last year’s 3,000, tickets sold out in just three minutes, quicker than last year. With the event’s revenue entirely going to Ronald McDonald House Charities (RMHC) Korea, participants in white shirts and red caps crowded the park, not with the competitive aim of winning a race but with peace of mind and joy for sharing. RMHC Korea, a charity foundation that offers free accommodation to families of sick children in need of hospitalization, has been a regular beneficiary of the annual walkathon. Among the participants was actor Yoo Seung-ho, 31, with an acting career spanning 24 years. He donated 10 million won ($7,200) to Happy Walk and joined the four-kilometer walk. Prior to the walkathon, he visited RMHC Yangsan House in Yangsan, South Gyeongsang Province, an accommodation facility the foundation runs in Korea, and spent time talking to young patients there last month. The company

May 26, 2025By Ko Dong-hwan
McDonald's sold-out walkathon takes charity to happier level

Coupang shifts to sole representative system for AI-based growth

E-commerce giant Coupang said Monday it has transitioned from a co-representative leadership system to a sole representative system under Park Dae-joon as part of efforts to drive growth through artificial intelligence (AI)-based logistics innovation. The company, wholly owned by New York-listed Coupang, had been led by two representative directors, Park and Kang Han-seung. Park has spearheaded the nationwide expansion of Coupang's renowned Rocket Delivery service and led the development of new growth businesses, including streaming platform Coupang Play and food delivery service Coupang Eats, the company said in a press release. With the leadership change, Coupang aims to further enhance its AI-driven logistics services and enable more small businesses to sell their products through its platform, it said. Park has also assumed the role of chairman of the board. Kang will move to Coupang to lead the development of business opportunities in North America and support the company's overseas operations, the company said. Coupang said it will further focus on expanding its Rocket Delivery servi

May 26, 2025By Yonhap
Coupang shifts to sole representative system for AI-based growth

US labor shortage seen as obstacle to Philly Shipyard normalization

Hanwha Ocean's recent invitation of domestic securities analysts to its Philly Shipyard has sparked both optimism and skepticism over the Korean shipbuilder's efforts to revive the money-losing facility in Philadelphia. While analysts anticipate Hanwha will benefit from a surge in orders driven by U.S. President Donald Trump's push to counter China's maritime rise by bolstering the American shipbuilding sector, they also questioned whether it will be feasible to secure enough labor in one of the world's highest-paying countries. Shinyoung Securities analyst Eom Kyung-ah pointed out that securing the workforce will be key for Hanwha to meet its goal of increasing Philly Shipyard's revenue to $4 billion by 2035 from $368 million in 2024 by expanding annual capacity to up to 10 vessels from the current 1 to 1.5. "In Korea, shipbuilders and their suppliers are concentrated in South Gyeongsang Province, making it easier for workers to transfer to rival companies," she said. "However, Philly Shipyard may have difficulty securing a sufficient workforce." Lee Han-gyeol, an analyst at Kiwoom Secu

May 26, 2025By Park Jae-hyuk
US labor shortage seen as obstacle to Philly Shipyard normalization
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