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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.

Clock ticking for Korea as US tariffs loom in April

Time is running out for Korean industries seeking negotiations on the forthcoming U.S. tariffs, as U.S. President Donald Trump on Thursday (local time) declared that Washington’s plan for implementing “reciprocal tariffs” on trading partners would take effect as early as April 1.

Feb 14, 2025By Nam Hyun-woo
Clock ticking for Korea as US tariffs loom in April

Celltrion gets nod for drug product plant in Incheon

Celltrion’s plan to build a new drug product plant in Incheon's Songdo received approval from local authorities, the pharmaceutical company said Friday.

Feb 14, 2025By Nam Hyun-woo
Celltrion gets nod for drug product plant in Incheon

Fashion firms' sales drop in 2024 due to climate change

The country’s largest fashion product makers saw a slump in sales last year compared to the previous year, as shifts in weather patterns caused by climate change have led to reduced spending on pricey winter items. Soaring retail market prices in the country last year also discouraged purchases, affecting companies’ sales.

Feb 14, 2025By Ko Dong-hwan
Fashion firms' sales drop in 2024 due to climate change

APR rises, Aekyung falls amid K-beauty's global popularity

Beauty product company APR broke into the top three in Korea's highly competitive beauty industry, pushing out long-standing major player Aekyung Industrial from the podium in last year’s earnings.

Feb 14, 2025By Ko Dong-hwan
APR rises, Aekyung falls amid K-beauty's global popularity

Korea tightens rules on carrying batteries on flight

Starting March 1, passengers flying with Korean-owned airlines will be required to either keep their power banks in protective pouches or transparent plastic bags, or cover the connectors with insulating tape.

Feb 13, 2025By Park Jae-hyuk
Korea tightens rules on carrying batteries on flight

Hyundai, Kia celebrate 20th anniversary of California Proving Ground

Hyundai Motor and Kia celebrated the 20th anniversary of quality and performance testing at the California Proving Ground, with their chief emphasizing the importance of cutting-edge R&D facilities for future growth.

Feb 13, 2025By Nam Hyun-woo
Hyundai, Kia celebrate 20th anniversary of California Proving Ground

Innocean's ad selected as one of top 10 most memorable Super Bowl commercials

A Super Bowl commercial produced by the Korean advertising agency Innocean was named one of the 10 most memorable Super Bowl commercials of the past decade, Hyundai Motor Group's affiliate said Thursday.

Feb 13, 2025By Nam Hyun-woo
Innocean's ad selected as one of top 10 most memorable Super Bowl commercials

Talks to end war in Ukraine boost prospects for Korean equipment makers

U.S. President Donald Trump's announcement of his conversations with the leaders of Russia and Ukraine on beginning peace talks has led investors to pin high hopes on Korean companies' imminent participation in postwar reconstruction projects, whose economic value is estimated to reach $900 billion.

Feb 13, 2025By Park Jae-hyuk
Talks to end war in Ukraine boost prospects for Korean equipment makers
  • Trump says Putin, Zelenskyy want peace; phone calls kick off talks to end Ukraine war

Hanwha takes further steps for 3-way split among heirs

Hanwha Group has become more specific about how to hand over Chairman Kim Seung-youn's control of the group's affiliates to his three sons.

Feb 13, 2025By Park Jae-hyuk
Hanwha takes further steps for 3-way split among heirs

Hyundai Motor Group chief meets Trump Jr. at PGA event in US

Euisun Chung, executive chair of Hyundai Motor Group, had an exchange with Donald Trump Jr., the eldest son of U.S. President Donald Trump, at a golf event in the United States, according to industry sources Thursday.

Feb 13, 2025By Yonhap
Hyundai Motor Group chief meets Trump Jr. at PGA event in US
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