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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.

Vehicle registrations surpass 26 mil. units; eco-friendly cars exceed 10 %

The total number of registered vehicles in Korea surpassed 26 million units last year, with eco-friendly cars accounting for over 10 percent for the first time, driven by growth in hybrid vehicle sales, the government said Wednesday.

Jan 22, 2025By Yonhap
Vehicle registrations surpass 26 mil. units; eco-friendly cars exceed 10 %

Business sentiment for February pessimistic over weak won, external risks: poll

Korea's business sentiment remains pessimistic for February, a poll showed Wednesday, amid the weakening of the Korean won and growing uncertainties at home and abroad.

Jan 22, 2025By Yonhap
Business sentiment for February pessimistic over weak won, external risks: poll

Overseas carmakers in Korea sandwiched by influx of ultra-cheap BYD EVs

BYD Korea will ratchet up pressure on overseas carmakers here — particularly non-luxury brands with limited electric and hybrid lineups — as they are at growing risk of losing their identity as cost-effective carmakers amid the upcoming influx of ultra-cheap Chinese vehicles, experts and industry officials said Tuesday.

Jan 22, 2025By Lee Min-hyung
Overseas carmakers in Korea sandwiched by influx of ultra-cheap BYD EVs

Woojin secures multiple train car production deals

Woojin Industrial Systems has inked a series of deals for producing train cars over the past two months.

Jan 21, 2025By Jhoo Dong-chan
Woojin secures multiple train car production deals

Shinsegae chairman meets tech leaders before attending Trump's inauguration event

Chung Yong-jin, chairman of Korean retail conglomerate Shinsegae Group, met with U.S. government officials and tech leaders to strengthen his global business network before attending President Donald Trump's inauguration ceremony, his company said Tuesday.

Jan 21, 2025By Yonhap
Shinsegae chairman meets tech leaders before attending Trump's inauguration event

Top chefs bring culinary twist to Korea's competitive burger market

Celebrity chefs are rolling up their sleeves to infuse their culinary ideas into new menu items for major burger brands in Korea.

Jan 21, 2025By Ko Dong-hwan
Top chefs bring culinary twist to Korea's competitive burger market

Korea remains vigilant as Trump revokes Bidenomics

Korea’s top economic policymakers have closely monitored the potential impacts of U.S. President Donald Trump’s series of executive orders, most of which aim to put a stop to his predecessor’s policies.

Jan 21, 2025By Park Jae-hyuk
Korea remains vigilant as Trump revokes Bidenomics
  • Korean currency gains on delayed Trump tariff expectations

Direct suppliers to Hyundai Motor, Kia achieve W90 tril. in combined sales for 1st time

Tier 1 suppliers, otherwise known as direct suppliers to Hyundai Motor and Kia, achieved combined sales of 90 trillion won ($63.45 billion) in 2023, which the automakers hailed as a landmark contribution to boosting the sluggish domestic economy, according to data from both firms released on Tuesday.

Jan 21, 2025By Lee Min-hyung
Direct suppliers to Hyundai Motor, Kia achieve W90 tril. in combined sales for 1st time

Hanwha Systems earns US certification for ship cybersecurity

Hanwha Systems’ proprietary cybersecurity solution, SecuAider, received the E27 Type Approval certification from the American Bureau of Shipping (ABS), marking the first time an Asian company has achieved this milestone, the company said on Tuesday. The certification positions Hanwha Systems to expand into the global shipbuilding and maritime cybersecurity market.

Jan 21, 2025By Nam Hyun-woo
Hanwha Systems earns US certification for ship cybersecurity

Threats, new horizons loom for Korean industries as Trump's 2nd term brings uncertainties

As Donald Trump takes office for his second term as U.S. president, Korean industries are closely watching for potential changes in Washington's economic and trade policies, which could significantly impact their American businesses, industry observers said Tuesday.

Jan 21, 2025By Yonhap
Threats, new horizons loom for Korean industries as Trump's 2nd term brings uncertainties
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