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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.

Foreign chambers speak out as Korean associations keep quiet

Foreign chambers of commerce in Korea have been expressing their opinions on President Yoon Suk Yeol’s short-lived martial law last week, a stark contrast to the unusually silent stance of Korean business associations on the matter.

Dec 11, 2024By Park Jae-hyuk
Foreign chambers speak out as Korean associations keep quiet
  • Policymakers still busy reassuring foreign business communities

Import Day celebration

Korea Importers Association (KOIMA) Chairman Kim Byung-kwan, front row 12th from left, poses with foreign ambassadors in Korea during an event to celebrate the 15th edition of Import Day and the 54th anniversary of the association at The Westin Josun Seoul, Tuesday. Kim expressed his gratitude to importers and vowed to send business delegations to various countries again next year. Courtesy of KOIMA

Dec 11, 2024By Park Jae-hyuk
Import Day celebration

Korea, US biz communities call for stability in business in both nations

The Korean and American business communities have urged their governments to ensure the stability of business activities of Korean companies in the United States amid rising economic and political uncertainties ahead of Donald Trump's second term.

Dec 11, 2024By Yonhap
Korea, US biz communities call for stability in business in both nations

Gov't to focus on enhancing competitiveness of domestic aviation industry following Korean Air-Asiana merger

The government said Wednesday it will work to enhance the competitiveness of the domestic aviation industry while minimizing potential monopolistic harm from the soon pending merger between Korean Air and Asiana Airlines.

Dec 11, 2024By Yonhap
Gov't to focus on enhancing competitiveness of domestic aviation industry following Korean Air-Asiana merger

Subscription becomes new trend among major coffee franchises

Major coffee franchises are embracing subscription services as a new trend, offering customers perks such as free drinks for a specified period or exclusive coupons for store benefits.

Dec 10, 2024By Ko Dong-hwan
Subscription becomes new trend among major coffee franchises

Martial law fiasco threatens major firms' buyback programs

President Yoon Suk Yeol’s abrupt declaration of martial law and the subsequent political attempts to impeach him are threatening major Korean conglomerates’ efforts to boost their share values, as plunging stock markets are rendering their trillion-won buyback programs in vain.

Dec 10, 2024By Nam Hyun-woo
Martial law fiasco threatens major firms' buyback programs
  • Political chaos threatens growth of Korea's key export sectors

Doosan Enerbility withdraws plan to spin off subsidiary for merger with Doosan Robotics

Doosan Enerbility, Korea's major power plant builder, said Tuesday it will withdraw its plan to spin off its construction equipment supplier unit to merge it with Doosan Robotics Inc. as part of Doosan Group's broader restructuring plan.

Dec 10, 2024By Yonhap
Doosan Enerbility withdraws plan to spin off subsidiary for merger with Doosan Robotics

Political chaos threatens growth of Korea's key export sectors

The nation’s escalating political instability is likely to pose a significant challenge to boosting exports even into early 2025. The ongoing leadership vacuum, caused by President Yoon Suk Yeol's failed martial law order, is expected to hinder the diplomatic and business exchanges crucial for Korea's trade-dependent economy.

Dec 10, 2024By Lee Min-hyung
Political chaos threatens growth of Korea's key export sectors
  • Martial law fiasco threatens major firms' buyback programs

Hyundai Motor Group boosts generational shift with younger executives

Hyundai Motor Group conducted its end-of-year executive reshuffle, focusing on promoting younger officials under its merit-based promotion system, the carmaker said Tuesday.

Dec 10, 2024By Lee Min-hyung
Hyundai Motor Group boosts generational shift with younger executives

Hanjin Logistics vows to overcome economic uncertainty

Hanjin Logistics President and Chief Marketing Officer Emily Cho said Tuesday that the logistics firm will fulfill its previous year’s promise that it would post 3.5 trillion won ($2.4 billion) in annual revenue for next year, despite the uncertain business environment.

Dec 10, 2024By Park Jae-hyuk
Hanjin Logistics vows to overcome economic uncertainty
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