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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.

Coupang posts record $27.9 bil. sales, cements retail leadership in Korea

The country's largest online commerce platform, Coupang, saw its sales from last year surpass 40 trillion won ($27.9 billion), a record figure for the New York Stock Exchange-listed firm and a figure no company in the Korean retail industry has reached before. The company disclosed the data to the U.S. Securities and Exchange Commission on Wednesday.

Feb 26, 2025By Ko Dong-hwan
Coupang posts record $27.9 bil. sales, cements retail leadership in Korea

EXCLUSIVE Reports on $1 bil. investment threshold for US incentives ‘inaccurate,’ says AMCHAM head

An American business lobby head described recent reports claiming the U.S. required over $1 billion for Korean investments to qualify for administrative incentives are "inaccurate."

Feb 26, 2025By Nam Hyun-woo
[EXCLUSIVE] Reports on $1 bil. investment threshold for US incentives ‘inaccurate,’ says AMCHAM head

1st APEC council meeting focuses on AI, health care innovation

The first meeting of the Asia-Pacific Economic Cooperation (APEC) Business Advisory Council, known as ABAC, focused on business cooperation and economic integration within the region, a key area of discussion ahead of Korea's hosting of the 2025 APEC Economic Leaders’ Meeting in November, the Korea Chamber of Commerce and Industry (KCCI) said Wednesday.

Feb 26, 2025By Nam Hyun-woo
1st APEC council meeting focuses on AI, health care innovation

Celltrion's Remsima becomes Korea's first 'blockbuster' drug

Celltrion’s Remsima surpassed 1 trillion won ($699 million) in sales last year, making it the first drug developed by a Korean company to achieve blockbuster status, the biotech company said Wednesday.

Feb 26, 2025By Nam Hyun-woo
Celltrion's Remsima becomes Korea's first 'blockbuster' drug

Olive Young attracts 9.4 mil. customers from 189 countries in 2024

CJ Olive Young, the nation's leading beauty and skin care product retailer, reported a more diversified and larger foreign consumer base last year, with shoppers from 189 countries making over 9.42 million transactions.

Feb 26, 2025By Ko Dong-hwan
Olive Young attracts 9.4 mil. customers from 189 countries in 2024

SPC opens bakery factory in Malaysia

SPC Group has completed its second overseas bakery plant in Malaysia as part of its global expansion strategy, the nation’s bakery giant said Wednesday.

Feb 26, 2025By Ko Dong-hwan
SPC opens bakery factory in Malaysia

Acting President Choi reiterates efforts to make Korea top 5 global bio leader

 

Feb 26, 2025By Yonhap
Acting President Choi reiterates efforts to make Korea top 5 global bio leader

Hyundai Rotem wins $1.4 bil. train deal in Morocco

Hyundai Rotem has secured a 2.2 trillion won ($1.4 billion) contract to supply advanced trains to Morocco, the company said Wednesday.

Feb 26, 2025By Nam Hyun-woo
Hyundai Rotem wins $1.4 bil. train deal in Morocco

Samsung, Hyundai team up to use private 5G network in car manufacturing

 

Feb 26, 2025By Yonhap
Samsung, Hyundai team up to use private 5G network in car manufacturing

INTERVIEW Glasses guru finds key for consumer trust from social outreach

The head of Davich Group views social outreach as more than just a way to invest time, money and manpower for publicity. For him, it is a fundamental aspect of his role and, ideally, a responsibility shared by the franchisees of over 300 Davich Optical shops across the country.

Feb 26, 2025By Ko Dong-hwan
[INTERVIEW] Glasses guru finds key for consumer trust from social outreach
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