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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.

HMM's profit jumps fivefold in 2024

Shipping giant HMM posted massive earnings in 2024, with its operating profit soaring fivefold from the previous year, driven by surging container shipping rates, the company said Tuesday.

Feb 11, 2025By Nam Hyun-woo
HMM's profit jumps fivefold in 2024

KG Mobility looks to reclaim pickup truck market leadership with Musso EV

KG Mobility is preparing to reclaim its leadership position in the pickup truck market with the launch of the Musso EV, an electric version of its iconic Musso SUV.

Feb 11, 2025By Lee Min-hyung
KG Mobility looks to reclaim pickup truck market leadership with Musso EV

KGC publishes paper on red ginseng's efficacy in blood sugar control

Korea Ginseng Corp. (KGC) said Tuesday its research on red ginseng’s efficacy in safely controlling blood sugar levels for prediabetic adults was published in an international journal.

Feb 11, 2025By Ko Dong-hwan
KGC publishes paper on red ginseng's efficacy in blood sugar control

POSCO International's website wins award from MerComm

POSCO International said Tuesday that its website won the Grand Award in the Corporate Websites: Conglomerate category of the 2024 iNova Awards, an international website competition hosted by MerComm, a U.S. awards organization specializing in the communications fields.

Feb 11, 2025By Park Jae-hyuk
POSCO International's website wins award from MerComm

Concerns raised over potential data leak to China via BYD cars in Korea

With the recent entry by China's BYD into Korea's passenger electric vehicle (EV) market, concerns have been raised over potential personal data leaks to China through the vehicles manufactured by the company, industry observers said Tuesday. The security risks of private data leaks to China emerged following BYD's official entry into the Korean passenger vehicle market last month. BYD's first model launched here, the Atto 3, is equipped with connected car features, such as over-the-air (OTA) software update capability and navigation features, through which sensitive driver data could be transferred to China, according to the market watchers. "BYD must disclose exactly what types of data are collected and how they are processed," said Yom Heung-yeol, professor emeritus of cybersecurity at Soonchunhyang University. He stressed that an "opt-out mechanism," allowing consumers to reject the collection of personal data if they choose, was necessary. BYD Korea has addressed data protection concerns, stating, "We fully understand Korean customers' concerns regarding personal data security and st

Feb 11, 2025By Yonhap
Concerns raised over potential data leak to China via BYD cars in Korea

POSCO braves industry downturn with high manganese steel

POSCO's independently developed high manganese steel (HMS) has emerged as the steelmaker's own solution to the prolonged industry-wide slowdown, as the material gains attention for its use in shipping and storing liquefied natural gas (LNG) and other alternative fuels.

Feb 11, 2025By Park Jae-hyuk
POSCO braves industry downturn with high manganese steel

Fears on Trump's tariffs overshadow Korea's exports

Fears are growing among Korea’s major industries as the export-reliant economy is feared to become the next target for U.S. President Trump’s threats to slap tariffs on any countries reporting a trade surplus with Washington.

Feb 10, 2025By Lee Min-hyung
Fears on Trump's tariffs overshadow Korea's exports
  • Korean steelmakers uneasy about Trump tariffs
  • Korean firms face decline in US sales in case of further tariffs: report

Soaring bean costs push up budget coffee prices

Budget coffee franchise companies in Korea have begun adjusting their prices as coffee beans are become increasingly expensive worldwide. Compose Coffee, one of the top three budget coffee franchises in Korea, will hike its price on Thursday, prompting others to follow suit.

Feb 10, 2025By Ko Dong-hwan
Soaring bean costs push up budget coffee prices

Korean steelmakers uneasy about Trump tariffs

U.S. President Donald Trump alarmed Korean steelmakers, Monday, with his declaration of additional 25 percent tariffs on all steel and aluminum imports into his country.

Feb 10, 2025By Park Jae-hyuk
Korean steelmakers uneasy about Trump tariffs
  • Trump to announce 25% steel and aluminum tariffs in latest trade escalation
  • Fears on Trump's tariffs overshadow Korea's exports
  • Korean firms face decline in US sales in case of further tariffs: report

BAT Rothmans CEO bolsters supports for single parents, orphans

BAT Rothmans CEO in Korea has extended its almost decade-long social outreach campaign by renewing its partnership with the Korea Welfare Services (KWS), according to the global cigarette maker's Korean office, Monday.

Feb 10, 2025By Ko Dong-hwan
BAT Rothmans CEO bolsters supports for single parents, orphans
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