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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.

Tax agency probing 37 entrepreneurs for suspected tax evasion

Korea's tax agency said Thursday it has initiated investigations into 37 business owners and their families for alleged tax evasion and various financial irregularities.

Nov 27, 2024By Yonhap
Tax agency probing 37 entrepreneurs for suspected tax evasion

Gov't picks first drilling spot in East Sea resource exploration project

Korea's industry ministry said Wednesday it has selected a site in the East Sea for the first drilling operation to uncover potential gas and oil reserves, with the process set to begin next month.

Nov 27, 2024By Yonhap
Gov't picks first drilling spot in East Sea resource exploration project

Daedong, TYM look to woo Ukrainian farmers

Competition is heating up between Korea’s major farming machine manufacturers to sell their products in Ukraine amid growing expectations that U.S. President-elect Donald Trump will end the Russo-Ukrainian war.

Nov 27, 2024By Park Jae-hyuk
Daedong, TYM look to woo Ukrainian farmers

Shinsegae Square promotes new song by BTS' V

BTS member V appears in a music video for his new festive duet with singer Park Hyo-shin at a landmark display board of Shinsegae Department Store in central Seoul, Monday. Their digital single, titled "Winter Ahead," will make its official debut on the massive digital sign at Shinsegae Square at 2 p.m., Friday. Courtesy of Shinsegae Department Store

Nov 27, 2024By Lee Min-hyung
Shinsegae Square promotes new song by BTS' V

Court denies arrest warrant for ex-Woori Financial chief in loan scandal

A court has rejected an arrest warrant sought for Sohn Tae-seung, former chairperson of Woori Financial Group, on suspicions of extending inappropriate loans to his relatives, judicial officials said Wednesday.

Nov 27, 2024By Yonhap
Court denies arrest warrant for ex-Woori Financial chief in loan scandal

Korean firms reviewing measures in response to Trump's tariff threat on Mexico-made goods

Korean companies with manufacturing bases in Mexico are scrambling to prepare for U.S. President-elect Donald Trump's plan to impose a 25 percent tariff on imports from Mexico at the start of his second presidential term.

Nov 27, 2024By Yonhap
Korean firms reviewing measures in response to Trump's tariff threat on Mexico-made goods
  • Trump's Mexico tariff plan raises concerns for Korean firms

INTERVIEW German firms in Korea in need of reliable renewable energy

Looking back on the three years and seven months he spent as president and CEO of the Korean-German Chamber of Commerce and Industry (KGCCI), Martin Henkelmann said that he was impressed by Korea's "ppali-ppali" mentality in all fields of business and administration.

Nov 27, 2024By Park Jae-hyuk
[INTERVIEW] German firms in Korea in need of reliable renewable energy

Lotte targets 35% shareholder return rate by 2026

Lotte, the holding company of South Korea's retail giant Lotte Group, said Tuesday it aims to raise its shareholder return rate to over 35 percent by 2026, while considering the cancellation of some treasury stocks.

Nov 26, 2024By Yonhap
Lotte targets 35% shareholder return rate by 2026

2025 Camry debuts in Korea

Models pose with Toyota Motor Korea’s 2025 Camry hybrid vehicle during a launching ceremony in Seoul, Tuesday. The ninth-generation Camry comes with a system output of 227 horsepower and offers a decent fuel efficiency of 17.1 kilometers per liter. The long-beloved sedan will go on sale here starting Dec. 2. Courtesy of Toyota Motor Korea

Nov 26, 2024By Lee Min-hyung
2025 Camry debuts in Korea

Government's Nexon stake sale could significantly impact 2025 budget

A 29.3 percent stake in NXC, the holding company of gaming giant Nexon, is poised to impact Korea’s national budget for next year. The government, which currently holds the stake and plans to sell it, has already factored in an additional 3.7 trillion won ($2.65 billion) in projected 2025 revenues, assuming the sale is completed within this year.

Nov 26, 2024By Nam Hyun-woo
Government's Nexon stake sale could significantly impact 2025 budget
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