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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.

Korean firms brace as Trump threatens to cut EV subsidies

Korean carmakers and battery firms see no clear breakthrough in sight as U.S. President-elect Donald Trump repeatedly threatens to drastically cut tax incentives for electric vehicles (EVs), industry officials said Friday.

Nov 15, 2024By Lee Min-hyung
Korean firms brace as Trump threatens to cut EV subsidies

Buldak Ramen maker Samyang outshines rivals in Q3 earnings

Samyang Foods outperformed its rivals, Nongshim and Ottogi, in third quarter earnings, driven by strong exports of its popular instant noodle brand Buldak. Meanwhile, its competitors struggled with sluggish domestic sales.

Nov 15, 2024By Ko Dong-hwan
Buldak Ramen maker Samyang outshines rivals in Q3 earnings

Hyundai Motor nominates first foreign CEO amid Trump era

Hyundai Motor has appointed Jose Muñoz, head of the carmaker’s U.S. business and global chief operating officer, as its first foreign CEO. The move, announced during the carmaker's year-end management reshuffle on Friday, aims to proactively prepare for the upcoming term of U.S. President-elect Donald Trump.

Nov 15, 2024By Lee Min-hyung
Hyundai Motor nominates first foreign CEO amid Trump era

INTERVIEW Ronald McDonald House to offer shelter in Seoul for families of sick kids

Ronald McDonald House Charities (RMHC) Korea is set to open its first residential facility in Seoul dedicated to families of pediatric patients. This new facility will provide much-needed relief for caretakers who travel from across the country to support hospitalized children, often without sufficient lodging arrangements or budgets, according to its senior official.

Nov 15, 2024By Ko Dong-hwan
[INTERVIEW] Ronald McDonald House to offer shelter in Seoul for families of sick kids

Hyundai's naming of foreign CEO shows resolve to prepare for uncertainties under Trump

The surprise appointment of Jose Munoz as the next chief of Hyundai Motor strongly demonstrates the South Korean automotive giant's determination to thoroughly prepare for increasingly uncertain market conditions, especially in America, following the reelection of former U.S. President Donald Trump, industry watchers said Friday.

Nov 15, 2024By Yonhap
Hyundai's naming of foreign CEO shows resolve to prepare for uncertainties under Trump

Supermarkets in central Seoul to change mandatory closure day to Wednesday

The mandatory closing day for large supermarkets in a major tourist district in Seoul will be changed from weekends to weekdays, the industry ministry said Friday, adding to the convenience of its residents and foreign tourists alike.

Nov 15, 2024By Yonhap
Supermarkets in central Seoul to change mandatory closure day to Wednesday

Hanwha chairman to lead defense units during Trump's presidency

Hanwha Group Chairman Kim Seung-youn is set to take the helm of the group’s key defense subsidiaries, amid growing expectations that arms companies will see increased exports to the United States under the Trump presidency.

Nov 15, 2024By Lee Min-hyung
Hanwha chairman to lead defense units during Trump's presidency

Samsung Electronics, labor union reach preliminary deal in wage talks

Samsung Electronics and its largest labor union reached a preliminary agreement on a 5.1 percent pay increase Thursday, officials said, paving the way for ending stalled wage negotiations that have involved a weekslong strike.

Nov 14, 2024By Yonhap
Samsung Electronics, labor union reach preliminary deal in wage talks

Coupang chairman sells 15 mil. shares in company for financial purposes

Kim Bom, chairman and founder of Korean e-commerce giant Coupang, has sold 15 million shares in the company to cash in some $344.6 million to use for financial purposes, company officials said Thursday.

Nov 14, 2024By Yonhap
Coupang chairman sells 15 mil. shares in company for financial purposes

Hyundai Steel seeks to shut down Pohang plant

Hyundai Steel has been pushing to shut down one of its factories here, as the sluggish construction market and the oversupply of low-priced steel products from China have deteriorated the profitability of the Korean steelmaking sector.

Nov 14, 2024By Park Jae-hyuk
Hyundai Steel seeks to shut down Pohang plant
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