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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.

TSMC's $100 bil. US investment plan weighs on Samsung, SK

Taiwanese chipmaker TSMC's huge investment plan in the U.S. is adding more pressure on Samsung Electronics and SK hynix to follow suit, amid U.S. President Donald Trump's increasing threats of tariffs and other economic disadvantages to its trade partners.

Mar 4, 2025By Park Jae-hyuk
TSMC's $100 bil. US investment plan weighs on Samsung, SK
  • Trade minister touts communication channel as biggest success in US trip

HD Hyundai CE secures orders for 557 units from Middle East, Turkey in Jan.-Feb.

HD Hyundai Construction Equipment (HCE) said Tuesday it has secured orders for a total of 557 units of construction equipment in the Middle East and Turkey in the first two months of the year.

Mar 4, 2025By Yonhap
HD Hyundai CE secures orders for 557 units from Middle East, Turkey in Jan.-Feb.

Korea boosts aseptic carton recycling with smart initiatives

Aseptic carton recycling is gaining momentum in Korea through innovative initiatives.

Mar 4, 2025By Ko Dong-hwan
Korea boosts aseptic carton recycling with smart initiatives

Korean businesses on alert over likely fallout from imminent US tariffs on Canada, Mexico

Korean firms with businesses in Canada and Mexico are bracing for U.S. President Donald Trump's plan to impose tariffs on goods from the two neighboring countries starting this week, industry observers noted Tuesday.

Mar 4, 2025By Yonhap
Korean businesses on alert over likely fallout from imminent US tariffs on Canada, Mexico

Major construction firms speed up unloading assets

An increasing number of major construction firms have put their assets up for sale amid a prolonged industry slump, caused mainly by high interest rates and commodity prices. Their apparent attempts to secure liquidity came as concerns have grown further after at least five medium-sized construction firms here have already gone bankrupt within the first couple months of this year.

Mar 4, 2025By Park Jae-hyuk
Major construction firms speed up unloading assets

Tesla's dominance in Korea challenged by cheaper EVs

Tesla’s strong growth in Korea is now being threatened by a wave of competitively priced EVs from rivals like Volvo and Kia.

Mar 3, 2025By Lee Min-hyung
Tesla's dominance in Korea challenged by cheaper EVs
  • BYD Korea hits snag over delayed vehicle delivery

BYD Korea hits snag over delayed vehicle delivery

BYD Korea has hit an unexpected snag after failing to meet the timeline for the delivery of its Atto 3 flagship electric SUV, as the vehicle did not pass an updated subsidy rule set by the local environmental authority.

Mar 3, 2025By Lee Min-hyung
BYD Korea hits snag over delayed vehicle delivery
  • Tesla's dominance in Korea challenged by cheaper EVs

POSCO bolsters LNG supply with high manganese steel

GWANGYANG, South Jeolla Province — Red-hot steel slabs heated to 1,200 degrees Celsius were conveyed on rollers below gigantic press machines at POSCO's steel mill in the southern port city of Gwangyang on Wednesday.

Mar 3, 2025By Park Jae-hyuk
POSCO bolsters LNG supply with high manganese steel

HD Hyundai collaborates with Palantir, Siemens for AI-based shipbuilding

Shipbuilder HD Hyundai is bolstering its partnerships with global tech companies to implement artificial intelligence (AI) and digital twin into its business and shipyards in Korea.

Feb 28, 2025By Ko Dong-hwan
HD Hyundai collaborates with Palantir, Siemens for AI-based shipbuilding

Hyundai Motor president named 2025 MotorTrend Person of the Year

Hyundai Motor President and CEO Jose Munoz has been named this year’s Person of the Year by the top automotive magazine MotorTrend, in recognition of the carmaker’s record growth in the North American market.

Feb 28, 2025By Nam Hyun-woo
Hyundai Motor president named 2025 MotorTrend Person of the Year
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