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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.

Will English-only rule take root in a Korean company this time?

Hankook & Company Group recently distributed "global language principle" guidelines to its employees worldwide, asking them to communicate in English during important meetings involving executives.

Mar 6, 2025By Park Jae-hyuk
Will English-only rule take root in a Korean company this time?

Nongshim to raise ramyeon, snack prices on high costs

Nongshim , Korea's leading instant noodle maker, said Thursday it will raise the prices of its instant noodle and snack products next week due to higher raw materials costs.

Mar 6, 2025By Yonhap
Nongshim to raise ramyeon, snack prices on high costs

Majority of Korean firms expect significant economic difficulties in 2025: survey

A majority of Korean companies expect the country to undergo significant economic difficulties this year due to deteriorating business conditions, a poll showed Thursday.

Mar 6, 2025By Yonhap
Majority of Korean firms expect significant economic difficulties in 2025: survey

Kia partners with Gyeonggi Province, Hwaseong for future mobility ecosystem

Kia on Thursday partnered with Gyeonggi Province and the city of Hwaseong to develop an ecosystem for the future mobility industry in the region, with a focus on the automaker's purpose-built vehicles (PBVs).

Mar 6, 2025By Yonhap
Kia partners with Gyeonggi Province, Hwaseong for future mobility ecosystem

Genesis releases revamped GV60 EV with enhanced performance features

Genesis, Hyundai Motor Group's independent luxury brand, said Thursday it has launched its revamped GV60 electric vehicle (EV) model with a suite of design and performance upgrades.

Mar 6, 2025By Yonhap
Genesis releases revamped GV60 EV with enhanced performance features

Nearly 1 in 3 large firms report worsened financial conditions in 2025: poll

Nearly 1 in 3 large companies in Korea have reported a deterioration in their financial conditions this year compared with 2024, a survey released Thursday showed.

Mar 6, 2025By Yonhap
Nearly 1 in 3 large firms report worsened financial conditions in 2025: poll

Trump administration announces one-month tariff exemption on cars coming through USMCA

U.S. President Donald Trump has decided to give a one-month tariff exemption on vehicles coming into the United States through a trade agreement between the U.S., Mexico and Canada, the White House spokesperson said Wednesday, a decision meant to support U.S. automakers.

Mar 6, 2025By Yonhap
Trump administration announces one-month tariff exemption on cars coming through USMCA

1st meeting in 10 years

Rep. Lee Jae-myung, left, chairman of the main opposition Democratic Party of Korea (DPK), shakes hands with Federation of Korean Industries (FKI) Chairman Ryu Jin at the National Assembly in Seoul, Wednesday. It was the first such meeting since September 2015 between a liberal party leader and an FKI chairman. The party has avoided meeting the federation, citing the lobby group's connection with a corruption scandal that unfolded in 2016 and 2017 involving impeached former President Park Geun-hye. During the meeting, Ryu asked Lee to exempt high-income semiconductor researchers from the 52-hour workweek cap and reconsider the proposed revision to the Commercial Act. Yonhap

Mar 5, 2025By Park Jae-hyuk
1st meeting in 10 years

Trump's remark of 'South Korea's 4 times higher tariffs' inaccurate: trade ministry

The Korean government refuted Wednesday United States President Donald Trump's remarks that South Korea’s average tariff is four times higher than that of the U.S., saying it will explain to the U.S. side that the claim is not true.

Mar 5, 2025By Nam Hyun-woo
Trump's remark of 'South Korea's 4 times higher tariffs' inaccurate: trade ministry
  • Trump's claim of Korean investment in Alaska LNG sparks anticipation

KT eyes shift from telecom to AI tech firm

The head of KT, a leading Korean mobile carrier, said Tuesday the company will shift its investment focus toward artificial intelligence (AI) transformation, also called AX.

Mar 5, 2025By Ko Dong-hwan
KT eyes shift from telecom to AI tech firm
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