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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.

Seoul Mobility Show loses luster to imported carmakers

The Seoul Mobility Show is not expected to make a big splash this year, as fewer imported carmakers are willing to expand their spending on the biennial automotive event due to its underwhelming promotional impact, industry officials said Wednesday.

Feb 6, 2025By Lee Min-hyung
Seoul Mobility Show loses luster to imported carmakers

Philip Morris Korea pushes for recognition of smoke-free products, citing science

The head of Philip Morris Korea cited scientific evidence on Wednesday in defense of the global tobacco company's ongoing efforts to shift from traditional cigarettes to smoke-free products for healthier living.

Feb 5, 2025By Ko Dong-hwan
Philip Morris Korea pushes for recognition of smoke-free products, citing science

DPK excludes key business association from discussion on Trump policies

The Federation of Korean Industries (FKI) was excluded on Wednesday from a discussion between the main opposition Democratic Party of Korea (DPK), business associations and the nation's four largest conglomerates on Washington's protectionist policies, despite the federation's close relationship with U.S. President Donald Trump's aides.

Feb 5, 2025By Park Jae-hyuk
DPK excludes key business association from discussion on Trump policies

Korea ranks No. 5 in global R&D investment

Korea ranked No. 5 in terms of the amount of research and development (R&D) investments by the country’s businesses in 2023, with Samsung Electronics standing as the world’s top R&D investor in the chip industry, a report on the world’s top 2,000 investors showed on Wednesday.

Feb 5, 2025By Nam Hyun-woo
Korea ranks No. 5 in global R&D investment

Is ESG losing relevance among major Korean companies?

Major Korean companies have reorganized and renamed the departments responsible for an investing principle that prioritizes environmental, social and corporate governance (ESG).

Feb 5, 2025By Park Jae-hyuk
Is ESG losing relevance among major Korean companies?

Krafton invests in Indian fintech firm Cashfree Payments

Krafton, the Korean gaming company behind popular shooter title PUBG: Battlegrounds, said Wednesday it has invested in Indian fintech firm Cashfree Payments as part of its continued push into India's digital economy.

Feb 5, 2025By Yonhap
Krafton invests in Indian fintech firm Cashfree Payments

Ban on online sales of soju, beer sparks complaints amid surge in imported alcohol

Korea's soju and beer companies claim the ban on online liquor sales is hurting their market competitiveness, as imported liquors have grown their pies in the market.

Feb 5, 2025By Ko Dong-hwan
Ban on online sales of soju, beer sparks complaints amid surge in imported alcohol

INTERVIEW HanmiGlobal expands presence in asset management

"Difficulty" and "uncertainty" were the keywords HanmiGlobal Chairman Kim Jong-hoon used in his New Year address to describe this year's market environment.

Feb 5, 2025By Park Jae-hyuk
[INTERVIEW] HanmiGlobal expands presence in asset management

Retail giants seek new revenue engines in India, Southeast Asia

Lotte Group and Shinsegae Group are expanding into India and Southeast Asia to reduce their reliance on the Korean market, as the country faces weakening domestic consumption.

Feb 4, 2025By Lee Min-hyung
Retail giants seek new revenue engines in India, Southeast Asia

Celebrity restaurateur Paik Jong-won reported for using gas tanks indoors for frying

Paik Jong-won, CEO of food and beverage company Theborn Korea, known for his role as a judge on Netflix’s cooking competition show “Culinary Class Wars,” has sparked controversy after it was revealed that he used liquefied petroleum gas (LPG) tanks indoors for frying.

Feb 4, 2025By KTimes
Celebrity restaurateur Paik Jong-won reported for using gas tanks indoors for frying
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