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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.

CJ accelerates business transformation in response to Trump presidency

CJ Group is speeding up its efforts to reshape its portfolio by shaking up its top brass and tapping into the sales of its cash-generating bio product business in apparent preparation for the growing uncertainties of its U.S. businesses under the incoming Donald Trump administration.

Nov 19, 2024By Nam Hyun-woo
CJ accelerates business transformation in response to Trump presidency

Hyundai Mobis poised for robust earnings growth, driven by rise in demand for EV parts

Hyundai Mobis aims for an average annual revenue growth of 8 percent by 2027, driven by rising sales of electric vehicle (EV) parts and other high-value core components, the company said during its CEO Investor Day, Tuesday.

Nov 19, 2024By Lee Min-hyung
Hyundai Mobis poised for robust earnings growth, driven by rise in demand for EV parts

Kakao executives buy back $323,000 worth of company shares

A group of executives at Kakao, the operator of Korea's dominant mobile messenger, have bought back 450 million won ($323,392) worth of the company's shares as part of efforts to regain shareholders' trust, the company said Tuesday.

Nov 19, 2024By Yonhap
Kakao executives buy back $323,000 worth of company shares

Farming machine makers turn to Europe amid decline in US demand

The European market has emerged as a land of opportunity for Korea’s three largest farming machine manufacturers.

Nov 19, 2024By Park Jae-hyuk
Farming machine makers turn to Europe amid decline in US demand

EQE owners file suit against Mercedes-Benz headquarters, Farasis

Owners of Mercedes-Benz’s EQE electric sedan have filed a collective suit against the headquarters of the carmaker and China’s Farasis Energy — the battery supplier for the scandal-tainted electric vehicle (EV). The lawsuit stems from an incident involving an EV that exploded at an apartment complex in August, according to a legal representative of the owners, Monday.

Nov 19, 2024By Lee Min-hyung
EQE owners file suit against Mercedes-Benz headquarters, Farasis

Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loom

Spirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and a failed attempt to sell the airline to JetBlue.

Nov 18, 2024By AP
Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loom

Online search rate in Korea via Naver drops sharply over past 9 yrs: report

The rate of online searches via Naver, Korea's leading internet portal operator, in the country has seen a significant drop over the past nine years amid growing competition, an industry report showed Monday.

Nov 18, 2024By Yonhap
Online search rate in Korea via Naver drops sharply over past 9 yrs: report

Korean firms shy away from CES

Fewer Korean tech firms are willing to expand their promotional spending for the Consumer Electronics Show (CES), opting instead to hold their own events without paying the enormous costs associated with participating in the world’s largest tech fair early next year, industry officials said Monday.

Nov 18, 2024By Lee Min-hyung
Korean firms shy away from CES

Lotte grapples with rumors about moratorium

Lotte Group has been struggling to reassure investors amid rumors over the weekend that the conglomerate will declare a moratorium next month due to a liquidity crisis caused by its unprofitable investments and financial support for its cash-strapped construction unit.

Nov 18, 2024By Park Jae-hyuk
Lotte grapples with rumors about moratorium
  • Lotte speeds up unloading assets amid liquidity crisis rumors

Ginseng research drives KGC to new heights in global health supplements market

Korea Ginseng Corp. (KGC) is strengthening its research and development efforts on ginseng and its key nutritional benefits to create new health supplements, including its latest products designed to support blood sugar control and prostate health, the country's largest ginseng company said Monday.

Nov 18, 2024By Ko Dong-hwan
Ginseng research drives KGC to new heights in global health supplements market
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