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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.

SPC's pink spoon garden

SPC Group Vice President Hur Hee-soo, center-left, walks with Seoul Mayor Oh Se-hoon, center-right, at Pink Dream Garden in Children's Grand Park in eastern Seoul, Monday, as the food conglomerate unveiled the garden to commemorate Children's Day. SPC said Tuesday it built the garden with used plastic spoons collected from Baskin-Robbins stores in Seoul and other metropolitan cities, as well as given by some 1,000 users of its online app Happy Point. The collected spoons were crushed to be used as building materials for the garden. Courtesy of SPC

May 6, 2025By Ko Dong-hwanphoto
SPC's pink spoon garden

Food mogul halts all TV appearances amid multiple controversies

Celebrity restaurateur Paik Jong-won said he would halt all TV appearances amid mounting allegations about the poor quality of his products and false ingredient information at his various franchises. The decision comes amid controversies that have damaged his reputation and eroded public trust in the food businesses under his oversight. Paik, CEO of the food franchise company Theborn Korea, released a YouTube video on Tuesday announcing that he would stop appearing on TV and other media programs, except for those already in production, in order to “invest all efforts into my role as a businessman, not a celebrity.” The video marked the latest apology from Paik and his company. He had previously apologized to the public over the controversies, both in a written statement and in person at a shareholders’ meeting in March. “I bear sole responsibility for the entirety of the problems,” said the country’s most prominent food celebrity in the video clip. “There is now even a rumor about me bossing around people in the show business industry ... From now on, I’ll concentrate on g

May 6, 2025By Ko Dong-hwan
Food mogul halts all TV appearances amid multiple controversies

Coupang introduces English app for foreign customers

Korean e-commerce giant Coupang said Tuesday it has launched an English interface for its mobile application to better cater to its foreign customers shopping online. The English interface will enable users to view functions central to the app, including product search, product descriptions, order information and payment, in English. Other services frequented by customers, including Rocket Delivery, cross-border shopping and Gold Box, which refers to daily special offers from Coupang, are also available in English. Users can access the English interface by changing the language setting in the My Coupang menu of the app. "The number of customers who search for products in the app in English is gradually increasing," a Coupang official said. "The English interface will enable an intuitive and convenient shopping (experience) for foreign customers."

May 6, 2025By Yonhap
Coupang introduces English app for foreign customers

SK Telecom registers over 24 million users on USIM protection service following cyberattack

SK Telecom Co. said Tuesday it has enrolled more than 24 million customers on its universal subscriber identity module (USIM) protection service following a recent data breach involving the company's network. Some 24.1 million subscribers had been signed in to the service as of 9 a.m., the company said in a daily briefing on its response to the hacking incident. About 1.04 million users switched their USIM cards after the company began offering free replacements to all of its customers last week, with an accumulated 7.8 million having made reservations for new USIM cards. The automatic enrollment system for SK Telecom users into the USIM protection service began Friday to provide the same level of defense against illegal financial activities as physically replacing the USIM chip. "We apologize as many of our users are still waiting to replace their USIM cards," said Kim Hee-sup, head of SK Telecom's Public Relations Center, noting the company is working to resolve the shortage "as soon as possible." SK Telecom, the largest mobile carrier in South Korea, detected a cyberattack on April 18

May 6, 2025By Yonhap
SK Telecom registers over 24 million users on USIM protection service following cyberattack

HD Hyundai teams up with Maersk for decarbonization

HD Hyundai will team up with shipping giant Maersk in a comprehensive partnership focused on decarbonized shipping technology and integrated logistics services, the shipbuilder said Tuesday. According to HD Hyundai, Executive Vice Chairman Chung Ki-sun and Maersk Chairman Robert Maersk Uggla recently signed a memorandum of understanding (MOU) at the company’s R&D center in Seongnam, Gyeonggi Province. Under the agreement, Maersk will apply HD Hyundai's advanced ship decarbonization technologies to its fleet to reduce carbon emissions, while HD Hyundai will apply Maersk’s integrated logistics services across its subsidiaries to strengthen its global supply chain. As part of the partnership, the two companies will apply advanced navigation and decarbonization solutions to the Maersk container ships built and delivered by HD Hyundai Heavy Industries. For this, Avikus, a subsidiary of HD Hyundai, will provide its advanced navigation solution HiNAS, and HD Hyundai Marine Solutions will supply its artificial intelligence decarbonization and economic operation solution OceanWise. The soluti

May 6, 2025By Park Jae-hyuk
HD Hyundai teams up with Maersk for decarbonization

S. Korean delegation to visit Czech Republic for nuclear power plant deal

A Korean delegation was set to travel to the Czech Republic on Tuesday to attend the signing ceremony of a multibillion-dollar nuclear power plant deal and discuss expanding bilateral economic cooperation with the European country, Seoul's industry ministry said. The delegation, comprising government and parliamentary officials, will pay a two-day visit to Prague to attend the ceremony slated for Wednesday, according to the Ministry of Trade, Industry and Energy. It will also meet with the Czech prime minister and president of the Senate to discuss expanding bilateral economic cooperation in the nuclear power plant and advanced industries, as well as infrastructure. Korean delegates include Industry Minister Ahn Duk-geun, Land Minister Park Sang-woo and Rep. Lee Chul-gyu, chair of the parliamentary industry committee. A Korean consortium, led by Korea Hydro & Nuclear Power Co. (KHNP), will sign a final agreement with the Czech's Elektrarna Dukovany II on the project to build two nuclear power units at the Dukovany power plant, located some 200 kilometers south of Prague. The deal, estimat

May 6, 2025By Yonhap
S. Korean delegation to visit Czech Republic for nuclear power plant deal

Nearly 20 mil. SKT subscribers sign up for USIM Protection Service after data breach

SK Telecom said Sunday that nearly 20 million subscribers have signed up for its USIM Protection Service following a large-scale data breach. A total of 19.9 million people had registered for its USIM Protection Service as of Sunday morning, while 956,000 have already replaced their universal subscriber identity module (USIM) chips, SK Telecom said in a daily briefing. An additional 7.6 million subscribers have booked USIM replacements online. SK Telecom explained that the USIM Protection Service provides the same level of defense against illegal financial activities as physically replacing the USIM chip. The company detected a cyberattack on April 18 that showed signs of a large-scale leak of customer USIM data. In response, it offered free USIM replacements to all 25 million subscribers, including 2 million budget phone users, to prevent potential damage. The telecom provider also urged users to register for its USIM Protection Service. In a further step to enhance security, SK Telecom will temporarily suspend new subscriber sign-ups at its 2,600 retail stores nationwide, starting Monday.

May 4, 2025By Yonhap
Nearly 20 mil. SKT subscribers sign up for USIM Protection Service after data breach

Trump’s auto parts tariff feared to weaken Korea’s exports

The United States’ 25 percent auto parts tariff is feared to weigh heavily on Korea’s exports amid the growing strategic importance of the U.S. for local components manufacturers, according to data and industry officials on Tuesday. The U.S. is Korea’s largest auto parts trade partner. Korean vehicle components makers, particularly in areas such as batteries and electrified parts, face increased risks due to potentially shrinking demand from the world’s largest economy following the auto parts tariffs that took effect on Saturday, according to the Ministry of Industry, Trade and Energy. As of 1 p.m. Saturday (KST), the U.S. imposed a 25 percent tariff on imported auto parts including key components such as engines and transmissions. The U.S. administration announced relief measures on April 29, reducing duties for one year on car parts accounting for 15 percent of the value of a vehicle assembled in the United States. Korean auto parts companies' high exposure to the U.S. market is still stoking fears over potential losses. According to data from the Korea International Trade Ass

May 2, 2025By Lee Min-hyung
Trump’s auto parts tariff feared to weaken Korea’s exports

Renault Korea's April sales down 1.4% on weak exports

Renault Korea Motors, the Korean unit of Renault S.A., said Friday its sales fell 1.4 percent in April from a year earlier due to weaker exports. Renault Korea sold 10,427 vehicles last month, down from 10,572 units a year earlier, due to sluggish overseas demand, the company said in a press release. Domestic sales nearly tripled to 5,252 units from 1,780 during the cited period, while exports plunged 41 percent on-year to 5,175 units from 8,792. "Strong sales of the midsize Grand Koleos sport utility vehicle (SUV) and the coupe-style Arcana SUV (formerly known as the XM3) buoyed domestic results last month," the company said. From January to April, total sales rose 8.1 percent to 28,599 units from 26,453 in the same period last year. Domestic sales more than doubled to 18,850 vehicles from 7,271, while exports declined 49 percent to 9,749 from 19,182. Renault Korea's product lineup consists of the SM6 midsize sedan, QM6 sport utility vehicle, Grand Koleos SUV, Arcana SUV and the Master minivan.

May 2, 2025By Yonhap
Renault Korea's April sales down 1.4% on weak exports

SK Telecom draws backlash for ‘partially accepting’ sales suspension order

SK Telecom has come under continued public backlash for “partially accepting” a sales suspension order regarding its customer data leak. The company said Friday it will stop attracting new subscribers for its T world stores starting no later than Monday, following an administrative guidance issued by the Ministry of Science and ICT on Thursday. The telecom firm is facing its worst-ever crisis after it reported a leak discovered April 18 of its customers’ universal subscriber identity module (USIM) information. The incident tarnished the firm’s image as the most influential mobile carrier here. The company is taking flak for deciding not to block sales activities on other retail and online sales channels not controlled by its headquarters, despite doing so for some 2,600 T world stores nationwide. Any losses from T world stores will be compensated by SK Telecom, the company said. “We reached an internal conclusion not to demand stores, which have not signed any direct contract with SK Telecom, to stop their sales activities,” SK Telecom CEO Ryu Young-sang told reporters during

May 2, 2025By Lee Min-hyung
SK Telecom draws backlash for ‘partially accepting’ sales suspension order
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