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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.

Elon Musk reacts to Yoon supporters blocking arrest attempt

Tesla CEO Elon Musk expressed his interest in Korea’s political chaos once again, responding to posts on X about supporters of impeached President Yoon Suk Yeol, who protested the state anti-corruption agency’s attempt on Friday to arrest Yoon over insurrection charges related to his short-lived imposition of martial law.

Jan 5, 2025By Park Jae-hyuk
Elon Musk reacts to Yoon supporters blocking arrest attempt

Korean biz leaders renew commitment for rebound in 2025

Business leaders in Korea reaffirmed their commitment to the country’s economic rebound in 2025 during a New Year gathering hosted by the Korea Chamber of Commerce and Industry (KCCI), pledging to transform the current challenges into opportunities through entrepreneurship.

Jan 3, 2025By Nam Hyun-woo
Korean biz leaders renew commitment for rebound in 2025

Weak won pushes food firms to bolster exports

The weakening of the Korean currency against the U.S. dollar is prompting the country’s major food companies to focus more on exports than domestic sales, as outbound shipments are generally less impacted by a depreciating won compared to local consumption.

Jan 3, 2025By Ko Dong-hwan
Weak won pushes food firms to bolster exports

Food maker SPC's new global strategies embrace Middle East, Africa

Food franchise group SPC announced on Friday that it has restructured its organization to exercise more effective control over its international markets, particularly for Paris Baguette, its bakery subsidiary currently undergoing worldwide expansion.

Jan 3, 2025By Ko Dong-hwan
Food maker SPC's new global strategies embrace Middle East, Africa

Safety mentioned as transportation industry's top priority in 2025

Safety emerged as the major keyword of New Year’s messages from chief executives of airlines and railway operators here, after the Jeju Air plane crash at Muan International Airport in South Jeolla Province claimed 179 lives on Sunday.

Jan 2, 2025By Park Jae-hyuk
Safety mentioned as transportation industry's top priority in 2025

Korean contract drugmakers eye global deals at JPMorgan Healthcare Conference

Korean contract development and manufacturing organizations (CDMOs) are set to engage with global drugmakers at the upcoming J.P.Morgan Healthcare Conference (JPM) 2025 in San Francisco, seeking to expand their client base at the biotech industry’s biggest investment fair.

Jan 2, 2025By Nam Hyun-woo
Korean contract drugmakers eye global deals at JPMorgan Healthcare Conference

Samsung stresses AI, Lotte highlights overhaul for 2025

Samsung Electronics Vice Chairmen Han Jong-hee and Jun Young-hyun stressed the tech giant should consolidate itself as a leader in device artificial intelligence (AI) technology in their New Year message released Thursday.

Jan 2, 2025By Nam Hyun-woo
Samsung stresses AI, Lotte highlights overhaul for 2025

SPC to set up bakery factory in Texas

SPC Group is in advanced talks to build its largest-ever overseas bakery factory in Texas, the United States, to supply quality baked products to more regions across America, the company said Thursday.

Jan 2, 2025By Lee Min-hyung
SPC to set up bakery factory in Texas

LCCs struggle with weak maintenance capabilities

Korea’s low-cost carriers (LCCs) heavily rely on overseas outsourcing for maintenance, repair and operations (MRO) due to limited in-house capabilities, according to data and industry officials on Thursday.

Jan 2, 2025By Lee Min-hyung
LCCs struggle with weak maintenance capabilities

Battery makers enter 2025 in belt-tightening mode

Korean electric vehicle (EV) battery manufacturers are aiming to maintain cost-reduction measures in 2025, driven by a continued skeptical outlook regarding their business prospects.

Jan 2, 2025By Park Jae-hyuk
Battery makers enter 2025 in belt-tightening mode
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