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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.

Startups ministry to provide $1.03 bil. in financial support to SMEs hit by weak currency

The startups ministry said Wednesday it will provide 1.5 trillion won ($1.03 billion) worth of financial support to small and medium-sized enterprises (SMEs) in Korea that suffered damage in trade due to the recent weakening of the local currency.

Jan 8, 2025By Yonhap
Startups ministry to provide $1.03 bil. in financial support to SMEs hit by weak currency

Ceragem’s healthy home devices make waves at CES

Home health care product developer Ceragem showcased its latest technology at this year’s CES in Las Vegas, marking the company's second consecutive appearance at the world's largest tech trade show.

Jan 8, 2025By Ko Dong-hwan
Ceragem’s healthy home devices make waves at CES

Jeju Air to cut nearly 1,880 flights in Q1 after plane crash

Jeju Air, Korea's largest budget carrier, will initially cut nearly 1,880 flights in the first quarter, it said Wednesday, a move aimed at enhancing its operational safety following the recent crash of its Boeing 737-800 flight that left 179 people dead.

Jan 8, 2025By Yonhap
Jeju Air to cut nearly 1,880 flights in Q1 after plane crash

Science ministry holds talk at CES 2025

The Ministry of Science and ICT held a talk at CES 2025 in Las Vegas on Tuesday (local time) to help young Korean talent stay up to date on global digital tech trends, the ministry said Wednesday.

Jan 8, 2025By Lee Min-hyung
Science ministry holds talk at CES 2025

SK earthon finds new oil reserve off Vietnam's southeastern coast

SK earthon, an energy resource developer under SK Innovation, announced Wednesday that it discovered a new petroleum reserve beneath the seabed in Vietnamese waters.

Jan 8, 2025By Ko Dong-hwan
SK earthon finds new oil reserve off Vietnam's southeastern coast

Hyundai Steel considers building steel mill in US

Hyundai Steel is considering opening a steel mill in the United States to manufacture automotive steel provided to Hyundai Motor and Kia, in an apparent move to help the carmakers minimize regulatory risks under the second Donald Trump administration, according to industry officials on Wednesday.

Jan 8, 2025By Lee Min-hyung
Hyundai Steel considers building steel mill in US

LG Electronics achieves record revenue in 2024

LG Electronics reported a record-high annual revenue of 87.74 trillion won ($66.7 billion) for 2024, with an operating profit of 3.43 trillion won, the company said Wednesday.

Jan 8, 2025By Nam Hyun-woo
LG Electronics achieves record revenue in 2024

LG Electronics 2024 operating profit down 6.1 % to $2.4 bil.

LG Electronics on Wednesday estimated its 2024 operating earnings at 3.43 trillion won ($2.4 billion), down 6.1 percent from a year earlier.

Jan 8, 2025By Yonhap
LG Electronics 2024 operating profit down 6.1 % to $2.4 bil.

Hyundai begins vehicle sales on Amazon

Hyundai Motor said Wednesday it has begun to sell its vehicles on Amazon.com, one year after the Korean carmaker signed a strategic partnership with the U.S. retail giant.

Jan 8, 2025By Yonhap
Hyundai begins vehicle sales on Amazon

Shinsegae chairman, other Korean biz leaders to attend Trump's inauguration ceremony

Chung Yong-jin, chairman of Korean retail conglomerate Shinsegae Group, and a group of other Korean business leaders will attend U.S. President-elect Donald Trump's inauguration ceremony later this month, officials said Wednesday.

Jan 8, 2025By Yonhap
Shinsegae chairman, other Korean biz leaders to attend Trump's inauguration ceremony
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