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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.

Hyundai to temporarily halt Ioniq 5, Kona Electric production amid slowing EV demand

Hyundai Motor will temporarily suspend production of its Ioniq 5 and Kona Electric models, as weakening electric vehicle (EV) demand continues to impact sales, according to industry sources Friday.

Feb 7, 2025By Yonhap
Hyundai to temporarily halt Ioniq 5, Kona Electric production amid slowing EV demand

Naver's Q4 net income up 48.8% on robust sales

Naver, Korea's leading internet portal operator, said Friday its fourth-quarter net profit jumped nearly 50 percent from a year earlier thanks to robust sales from its search and e-commerce business.

Feb 7, 2025By Yonhap
Naver's Q4 net income up 48.8% on robust sales

HLB unveils roadmap for novel drugs for 3 cancer types by 2026

Korean pharmaceutical company HLB unveiled its roadmap for adding novel anticancer treatments for three cancer types to its portfolio by 2026, as part of its bid to cement its position as an oncology-focused specialist following the anticipated U.S. approval of its targeted anticancer treatment, Rivoceranib, next month.

Feb 7, 2025By Nam Hyun-woo
HLB unveils roadmap for novel drugs for 3 cancer types by 2026

Airlines strengthen battery safety rules following Air Busan fire

Airlines are introducing tighter safety rules on batteries in the wake of the latest in-flight fire from an Air Busan passenger jet, which has raised growing safety concerns nationwide.

Feb 6, 2025By Lee Min-hyung
Airlines strengthen battery safety rules following Air Busan fire

LG CNS becomes SAP's regional strategic services partner

LG CNS said Thursday that it has joined software giant SAP’s Regional Strategic Services Partner (RSSP) initiative, becoming the first Korean company to do so.

Feb 6, 2025By Nam Hyun-woo
LG CNS becomes SAP's regional strategic services partner

LG to develop AI for predicting protein structure

LG AI Research will collaborate with a Seoul National University (SNU) professor team to develop an artificial intelligence (AI) system for next-generation protein structure prediction, a critical technology for new drug development and bioengineering.

Feb 6, 2025By Nam Hyun-woo
LG to develop AI for predicting protein structure

Samsung, Naver executives to attend AI Action Summit in Paris next week

Korea's leading tech companies, including Samsung Electronics and Naver, will attend the upcoming AI Action Summit, where global government and business leaders will discuss strategies for the safe development of artificial intelligence (AI), industry sources said Thursday.

Feb 6, 2025By Yonhap
Samsung, Naver executives to attend AI Action Summit in Paris next week

Centrus to supply enriched uranium to KHNP for next decade

Korea Hydro & Nuclear Power (KHNP) agreed with nuclear fuel supplier Centrus Energy to receive enriched uranium from the American firm for the next 10 years to secure fuel for its present and future facilities.

Feb 6, 2025By Ko Dong-hwan
Centrus to supply enriched uranium to KHNP for next decade

GM Korea's Trax Crossover: Top exported vehicle of 2024

General Motors (GM) Korea’s Chevrolet Trax Crossover won the glory of being hailed the top exported vehicle here in 2024, extending its winning streak for two consecutive years on the solid popularity of the affordable small SUV in the United States, the carmaker said Thursday.

Feb 6, 2025By Lee Min-hyung
GM Korea's Trax Crossover: Top exported vehicle of 2024

Budget carriers engage in price war to boost demand amid safety concerns

Jeju Air and Air Busan are offering significant discounts on plane tickets to stimulate demand, which has recently been declining following their involvement in major aircraft accidents, according to data and industry officials Wednesday.

Feb 6, 2025By Lee Min-hyung
Budget carriers engage in price war to boost demand amid safety concerns
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