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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.

INTERVIEW Michelin-starred French chef shares champagne's versatility with Korean cooks

French fine dining chef Pierre Gagnaire, globally renowned with 13 Michelin stars and 15 restaurants worldwide, has welcomed six Korean culinary talents into the Perrier-Jouet Society, an exclusive global circle promoting the prestigious champagne brand. Gagnaire, the global ambassador of Perrier-Jouet, met the Korean talents in Seoul on Thursday, sharing insights on how the champagne can be paired with and improve the quality of gourmet dishes, including Korean cuisine, also known as "hansik." Liquor importer Pernod Ricard Korea, which distributes Perrier-Jouet, appointed the Korean Michelin-star chefs as part of its efforts to expand the society into Korea. Celebrity chefs from France, Japan, Italy, Spain and Hong Kong have already joined the society, sharing ideas on fine dining featuring the champagne, which has been enjoyed since 1811. “The Korean chefs are excellent ambassadors of hansik. I shared with them many ideas on how Perrier-Jouet can be paired with various food,” Gagnaire said during an interview with The Korea Times at Pierre Gagnaire, his eponymous restaurant at Lot

Mar 31, 2025By Ko Dong-hwan
[INTERVIEW] Michelin-starred French chef shares champagne's versatility with Korean cooks

Hyosung chair vows to follow in late father's footsteps on 1st anniversary

Hyosung Group Chairman Cho Hyun-joon pledged on Saturday to instill a challenging and forward-looking spirit across the company, inspired by the will and determination demonstrated by his late father, Cho Suk-rai, the group’s honorary chairman, who passed away a year earlier. “My father always underscored the importance of turning crises into opportunities at any time,” the incumbent leader of the group said during a ceremony marking the first anniversary of the death of the honorary chairman. Hyosung’s top executives and the family members of the late chairman attended the memorial ceremony at the group's headquarters in Seoul to pay their respects. The third-generation heir of the group went on to recall his father’s future-oriented mindset and challenging spirit. “By following the wish of my father, I will do my best to transform Hyosung Group into one that is well-prepared for the future and is agile in global affairs,” he said. “Under this spirit, the company will be able to thrive in any crisis.” The Hyosung chairman passed away from a chronic illness on March 29,

Mar 30, 2025By Lee Min-hyung
Hyosung chair vows to follow in late father's footsteps on 1st anniversary

GM Korea faces survival crisis amid imminent US auto tariff

General Motors (GM) Korea is facing a survival crisis as the United States prepares to impose a 25-percent tariff on imported vehicles. The local subsidiary of the U.S. carmaker finds itself in an increasingly difficult position if the tariff plan takes effect on April 3 as announced recently by U.S. President Donald Trump. The concern for the company is especially serious compared to other carmakers here, as it relies heavily on exports to the world's largest economy. According to GM Korea, its exports to the U.S. accounted for 83.8 percent of its total vehicle production last year. If the tariff is implemented, the company’s profitability is expected to deteriorate rapidly. Experts and industry officials believe that the best-case scenario for GM Korea is to secure a partial exemption from the upcoming tariff. “GM Korea will have to obtain a partial tariff exemption for a certain portion of its vehicles exported to the U.S.," said Lee Ho-geun, an automotive engineering professor at Daeduk University. This is crucial for the carmaker to minimize the potential fallout from the tariff,

Mar 30, 2025By Lee Min-hyung
GM Korea faces survival crisis amid imminent US auto tariff

Hillstate Gayang The Wise units nearly sold out

Hyundai Engineering & Construction's (E&C) Hillstate Gayang The Wise apartment complex in Daejeon has successfully attracted buyers, thanks to the prestigious Hillstate brand and its status as the tallest residential building in the city's Dong District. Made up of three 49-story towers with four basement levels, the complex offers a total of 358 apartment units. Some units, previously sold to ineligible buyers — such as those who already own homes — are now available for purchase on a first-come, first-served basis. All 84-square-meter units have sold out, with only a few larger units remaining. "With the planned urban redevelopment of its neighborhood, Hillstate Gayang The Wise holds significant investment potential," a Hyundai E&C official said. "Thanks to attractive financial benefits for buyers, we have received numerous inquiries about the remaining units." Hillstate Gayang The Wise is priced at 15 million won ($10,000) to 17 million won per 3.3 square meters, making it more affordable than nearby apartment complexes in Daejeon, which are priced at 20 million won per 3.3 square

Mar 30, 2025By Park Jae-hyuk
Hillstate Gayang The Wise units nearly sold out

Krafton acquires India's Nautilus Mobile to expand global sports game portfolio

Korean gaming giant Krafton said Friday it has acquired a controlling stake in India-based game studio Nautilus Mobile for $13.75 million. Founded in 2013, Nautilus Mobile is best known for developing Real Cricket, a popular mobile sports game based on India's national pastime. The series has surpassed 250 million cumulative downloads and has partnered with teams from the Indian Premier League (IPL), cementing its position as a leading cricket game franchise in the Indian market. Krafton said it aims to combine Nautilus Mobile's expertise in sports game development with its own global publishing capabilities and technological strengths to generate synergies and expand into broader markets. "The acquisition aligns with Krafton's long-term vision of nurturing India into a global game development hub. Through close collaboration with Nautilus Mobile, we aim to deliver world-class gaming experiences that resonate with users in India and beyond," Son Hyun-il, head of Krafton India, said. (Yonhap)

Mar 28, 2025By yonhap
Krafton acquires India's Nautilus Mobile to expand global sports game portfolio

Samsung pushes for rebound through China ties

Samsung Electronics Executive Chairman Lee Jae-yong met Chinese President Xi Jinping during a meeting between Xi and global business leaders in Beijing on Friday, as part of his ongoing China trip, triggering expectations that the tech giant will invest more in the country. According to Xinhua and news agencies, Lee was among the participants of the high-profile meeting between Xi and executives of leading global companies, including Qualcomm, BMW, AstraZeneca, FedEx and Saudi Aramco. The meeting was a follow-up event for the China Development Forum held earlier this week. The meeting was the latest in Beijing’s efforts to ease foreign investors’ concerns about China’s economic durability and Xi’s bid to strengthen ties with global companies in response to U.S. President Donald Trump's toughening tariff pressures. While China has been responding to the U.S. through retaliatory tariffs and export controls on key minerals, it is at the same time emphasizing the country’s commitment to openness to attract investment from global companies, including those from the U.S. During the m

Mar 28, 2025By Nam Hyun-woo
Samsung pushes for rebound through China ties

Cardi B promotes JungKwanJang ginseng on TikTok

American rapper Cardi B recently praised JungKwanJang, a signature brand by red ginseng extract health supplement maker Korea Ginseng Corp (KGC), in a video she posted on TikTok, boosting interest in the product among her global fans. Cardi's video has surpassed 1.2 million views as of Friday. In the video, the artist consumed a stick of Everytime, grimaced, and went on to compliment the product. “No lie, it tastes so nasty but it gives me a rush, like an energy drug on steroids,” she said. Cardi added, "Maybe because I'm five months postpartum and 32 years old but I'm just tired and so sleepy.” The rapper added that coffee failed to keep her awake. “I’ve been using it (Everytime) for the past week and a half. This has been keeping me wired. This has been boosting my immune system and keeping me up. It's been curving my fatigue. If you are tired or sleepy, feel so drained out, this type of product will change your life,” she said. KGC, the largest ginseng-based health supplement developer in Korea, earlier this month promoted JungKwanJang and red ginseng’s health benefits a

Mar 28, 2025By Ko Dong-hwan
Cardi B promotes JungKwanJang ginseng on TikTok

US tech lobby accuses Korea of unfair targeting of American companies

A major U.S. industry group has accused Korea’s antitrust regulator of unfairly targeting American companies, raising concerns that Korean regulatory actions amount to nontariff trade barriers. The Consumer Technology Association (CTA), organizer of the world’s largest tech expo CES and representing over 1,300 companies, submitted its concerns to the U.S. Trade Representative (USTR), prompting fears that the issue could escalate into reciprocal tariff measures. According to a Korean government source on Thursday, the Korea Fair Trade Commission (KFTC) recently submitted its counterargument to the Ministry of Trade, Industry and Energy regarding the CTA’s submission to the USTR for its annual National Trade Estimate (NTE) Report. The NTE Report, expected in early April, could be used by the U.S. government to justify retaliatory tariffs. In its submission, the CTA alleged that the KFTC had been “unfairly and consistently targeting” American companies such as Coupang, Google, ChatGPT and Netflix through unprecedented fines, office raids, threats of criminal charges, and what it d

Mar 28, 2025By KTimes
US tech lobby accuses Korea of unfair targeting of American companies

CHA Biotech to appoint investment banking expert as new CEO

CHA Biotech will appoint Choi Suk-yoon, former Meritz Securities adviser, as its new vice chair and CEO in its upcoming shareholder and board meeting on Monday, the cell and gene therapy firm said Friday. Choi is an investment banking expert with over 40 years of experience. He previously served as the country head for the Royal Bank of Scotland Korea and Goldman Sachs from 2007 to 2015. He was also an adjunct professor at Seoul National University. In 2018, he was appointed president of Meritz Fire & Marine, and in 2021, he became an adviser to Meritz Securities. CHA Biotech also appointed Han Ki-won, former commissioner of Invest KOREA, as the head of global business. Han is a financial expert who worked for Japan’s Daiwa Securities for 25 years. The biotech company expects Han to spearhead its hospital business in Japan and expand its presence in the Asian health care market.

Mar 28, 2025By Nam Hyun-woo
CHA Biotech to appoint investment banking expert as new CEO

Germany's Meyle ramps up marketing operations for Korean imported car parts market

German aftermarket auto parts manufacturer Meyle AG said Thursday that it will launch official communication channels and expand marketing activities targeting import car customers in Korea. Meyle is the flagship brand of Wulf Gaertner Autoparts AG, a Hamburg-based premium auto parts manufacturer specializing in components for steering systems, drivetrains and hybrid and electric vehicles (EVs). The company supplies high-performance aftermarket parts to a wide range of global luxury automotive brands. Since entering the Korean market in 2016, Meyle has been operating its premium repair service network under the name Meyle Auto Service. The company currently operates 61 service centers nationwide, offering vehicle maintenance and repair services tailored to imported vehicles. Meyle said its renewed focus on communication and outreach is aimed at meeting the evolving expectations of Korean import car drivers, whose numbers have grown significantly over the past decade. The company also noted that by offering top-tier repair services from a globally recognized parts manufacturer, it aims to

Mar 27, 2025By yonhap
Germany's Meyle ramps up marketing operations for Korean imported car parts market
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