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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.

Samsung Electronics invests in US AI platform security provider

Samsung Electronics has made an investment in a U.S. artificial intelligence (AI) platform security company, Axiado, the U.S. company said Thursday, part of Samsung Electronics' strategies for next-generation AI chips.

Dec 5, 2024By Yonhap
Samsung Electronics invests in US AI platform security provider

Celltrion begins operation of third plant

Biopharmaceutical company Celltrion said Thursday that it began the commercial operation of its third plant for drug substances.

Dec 5, 2024By Nam Hyun-woo
Celltrion begins operation of third plant

Hyundai Motor's union to hold partial strike this week in protest of Yoon

Unionized workers at Hyundai Motor will stage a partial strike this week in solidarity with an umbrella labor union's walkout against President Yoon Suk Yeol's short-lived martial law declaration, according to the company's union Thursday.

Dec 5, 2024By Yonhap
Hyundai Motor's union to hold partial strike this week in protest of Yoon

Korean businesses concerned about impact of political unrest

President Yoon Suk Yeol’s declaration of martial law and its subsequent lifting are raising fears among Korean businesses over economic repercussions, as the political unrest is expected to deal blows to domestic consumption, exchange rates and foreign sentiment on the country’s stability.

Dec 4, 2024By Nam Hyun-woo
Korean businesses concerned about impact of political unrest
  • Korean business lobbies, companies cancel events after failed martial law bid

Korean business lobbies, companies cancel events after failed martial law bid

Major business lobbies and private companies in Korea are canceling media events and other scheduled external activities as they increase vigilance, following President Yoon Suk Yeol's failed martial law attempt, industry officials said Wednesday.

Dec 4, 2024By Lee Min-hyung
Korean business lobbies, companies cancel events after failed martial law bid
  • Korean businesses concerned about impact of political unrest

Foreign companies remain vigilant amid Korea's political turmoil

President Yoon Suk Yeol’s unexpected martial law declaration on Tuesday, followed by its lifting about six hours later, baffled foreign companies doing business in Korea. As a result, many companies rescheduled their events here and advised employees to work from home.

Dec 4, 2024By Park Jae-hyuk
Foreign companies remain vigilant amid Korea's political turmoil

AMCHAM explores future of Korea's patient-centered health care system

The American Chamber of Commerce in Korea (AMCHAM) hosted the 15th annual AMCHAM Healthcare Innovation Seminar on Tuesday to discuss ways to collaborate for the future of Korea’s health care system with businesspeople, lawmakers and government officials of both countries.

Dec 4, 2024By Park Jae-hyuk
AMCHAM explores future of Korea's patient-centered health care system

Kia targets annual sales, operating profit margin of over 10 percent for next 3 years

Kia, Korea's second-largest automaker, on Tuesday announced ambitious financial targets for the next three years, aiming for an average annual sales growth rate and operating profit margin of over 10 percent.

Dec 3, 2024By Yonhap
Kia targets annual sales, operating profit margin of over 10 percent for next 3 years

Korean Air to finalize controlling-share acquisition of Asiana Airlines next week

Korean Air said Tuesday it will finalize its acquisition of a controlling share in rival Asiana Airlines next week, completing the merger deal between Korea's leading carriers that has been sought over the past four years.

Dec 3, 2024By Yonhap
Korean Air to finalize controlling-share acquisition of Asiana Airlines next week
  • Controversy lingers over Air Busan

Hanwha Systems bags 205 billion won deal for Army weapon system maintenance

Hanwha Systems, a defense electronics and ICT solutions unit under Hanwha Group, said Tuesday it has secured a contract worth 205 billion won ($146.2 million) with the Korean arms procurement agency to provide maintenance support for an Army weapon system.

Dec 3, 2024By Yonhap
Hanwha Systems bags 205 billion won deal for Army weapon system maintenance
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