Business - The Korea Times

HD Hyundai chairman donates to HUFS

HD Hyundai Chairman Kwon Oh-gap, left, poses with Hankuk University of Foreign Studies (HUFS) President Park Jeong-woon at the president's office in Seoul, Thursday, after signing an agreement to donate 200 million won ($138,000) from his own pocket to his alma mater. The company said the money would be used to renovate the university's facilities and to award scholarships. Courtesy of HD Hyundai

Dec 19, 2024By Park Jae-hyuk

Korea to invest $690 mil. in boosting global competitiveness of homegrown OTT platforms

Korea will invest 1 trillion won ($690 million) to help strengthen the competitiveness of homegrown over-the-top (OTT) platforms amid intensifying competition in the global market, the science ministry said Thursday.

Dec 19, 2024By Yonhap

Korea to invest $690 mil. in boosting global competitiveness of homegrown OTT platforms

LG chairman stresses DNA of challenge, change

LG Group Chairman Koo Kwang-mo underscored LG’s founding spirit in his New Year's address on Thursday, emphasizing its enduring DNA of challenge and change established from Day 1.

Dec 19, 2024By Nam Hyun-woo

LG chairman stresses DNA of challenge, change

Kumho Petrochemical enhances safety management

Kumho Petrochemical Group’s subsidiaries have been enhancing their safety and environmental management, organizing a group-wide committee to share their efforts and check their common strategic goals.

Dec 19, 2024

Kumho Petrochemical enhances safety management

Korean Air fined for exceeding passenger wait time limit during takeoff prep

The transport ministry said Thursday it has imposed fines on Korean Air, Delta Air Lines and Air Astana JSC for violating Korea's aviation laws during operations.

Dec 19, 2024By Yonhap

Korean Air fined for exceeding passenger wait time limit during takeoff prep

Consumers divided over Yoon's impeachment

Political disputes about President Yoon Suk Yeol’s impeachment over his botched martial law declaration have had unexpected impacts on brands endorsed by IU and other celebrities, who supported protests against him, as well as on companies related to his allies.

Dec 18, 2024By Park Jae-hyuk

Consumers divided over Yoon's impeachment

3 in 10 SMEs suffer export damage due to martial law fiasco: survey

Nearly three out of 10 small and medium enterprises (SMEs) in Korea have experienced damage in their export business due to the martial law fiasco, a survey showed Wednesday.

Dec 18, 2024By Yonhap

3 in 10 SMEs suffer export damage due to martial law fiasco: survey

US court backs Korea in countervailing duty row over steel plates

A U.S. court has ruled in favor of the Korean government and Hyundai Steel in a case over countervailing duties imposed on steel products that were claimed to be subsidized through low-cost electricity, the industry ministry said Wednesday.

Dec 18, 2024By Yonhap

US court backs Korea in countervailing duty row over steel plates

Domino's donates to support pediatric oncology

Domino’s Pizza Korea Chairman Kenny Oh, right, poses with Samsung Medical Center President and CEO Park Seung-woo after donating 100 million won ($70,000) to the hospital in Seoul, Tuesday. The pizza restaurant franchise also donated 50 million won to Gangnam Severance Hospital in Seoul on the same day. Since 2010, Domino’s has contributed a total of 1.25 billion won to Samsung Medical Center and 1.05 billion won to Gangnam Severance Hospital, supporting the treatment of over 260 children hospitalized at the two general hospitals. Courtesy of Domino’s Pizza Korea

Dec 18, 2024By Ko Dong-hwan

Domino's donates to support pediatric oncology

Musinsa, Sungsimdang, Terarosa boost local economies, create 'loconomy' phenomenon

Iconic stores that represent their neighborhoods in and out of Seoul are making their local economies more vibrant. They serve as examples of how businesses can benefit their host communities by bringing in more visitors and tourists from across the country.