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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.

Alibaba tries on K-fashion with investment in Ably

Online fashion shopping platform Ably has drawn a 100 billion won ($71 million) investment from Chinese e-commerce giant Alibaba Group, accomplishing its first investment deal with a global company, the Korean e-commerce company said on Tuesday.

Dec 3, 2024By Ko Dong-hwan
Alibaba tries on K-fashion with investment in Ably

US export ban on China-bound HBM likely to have mixed impact on Korean chip industry: experts

The U.S. government's latest restrictions on exports of artificial intelligence (AI) memory chips may benefit Korean chipmakers in the long-run by slowing down China's semiconductor development, but they may also reduce potential demand in the world's most populous market, experts said Tuesday.

Dec 3, 2024By Yonhap
US export ban on China-bound HBM likely to have mixed impact on Korean chip industry: experts

Korea cybersecurity firm expects AI-related cyberthreats to increase next year

SK Shieldus, a Korean cybersecurity company, said Tuesday that cyberthreats involving artificial intelligence technologies are expected to increase next year, calling for measures to strengthen cybersecurity of the corporate domain.

Dec 3, 2024By Yonhap
Korea cybersecurity firm expects AI-related cyberthreats to increase next year

Duty free shops in slump without Chinese patrons

Major duty free shops in Korea are facing significant losses that are unlikely to recover, as tourists in the country are embracing a new trend, shifting away from the once-popular shopping sector among foreigners.

Dec 3, 2024By Ko Dong-hwan
Duty free shops in slump without Chinese patrons

Labor costs picked as top reason to hire foreign workers

The main reason for small and medium-sized enterprises (SMEs) in Korea to use migrant labor this year was relatively lower wages of foreign workers, compared to those of their Korean colleagues.

Dec 3, 2024By Park Jae-hyuk
Labor costs picked as top reason to hire foreign workers
  • Seoul City faces growing calls to scrap Filipino nanny program
  • 7 out of 10 companies in Korea willing to hire foreign workers

Trump's return sparks big deals in battery industry

Major decisions have been made within the battery industry ahead of the return of former U.S. President Donald Trump to the White House next month.

Dec 3, 2024By Park Jae-hyuk
Trump's return sparks big deals in battery industry
  • POSCO, EcoPro, LG hit by looming Trump tariffs on battery materials

Pharmaceutical giant Celltrion fined for unfair business practices

Korea's antitrust regulator said Tuesday it has fined leading drugmaker Celltrion 435 million won ($309,873) for engaging in unfair business practices.

Dec 3, 2024By Yonhap
Pharmaceutical giant Celltrion fined for unfair business practices

LG Energy Solution, GM to jointly develop prismatic battery cells

Korean battery maker LG Energy Solution (LGES) said Tuesday it has signed a deal with General Motors to develop prismatic battery cells.

Dec 3, 2024By Yonhap
LG Energy Solution, GM to jointly develop prismatic battery cells

US chip export curbs on China to have limited impact on Korea: gov't

The United States' latest export control package against China is expected to have only a limited impact on Korea's semiconductor industry, officials said Tuesday, citing local businesses' low dependence on the Chinese market in the sector.

Dec 3, 2024By Yonhap
US chip export curbs on China to have limited impact on Korea: gov't
  • US unveils new package of chip export controls against China

POSCO labor union takes step closer to launching first-ever strike

Unionized workers of South Korea's top steelmaker POSCO held a ceremony Monday to demonstrate their intention to launch their first-ever strike, officials said.

Dec 2, 2024By Yonhap
POSCO labor union takes step closer to launching first-ever strike
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