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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.

Audi, Volkswagen lose presence in Korea

Audi Korea and Volkswagen Korea are rapidly losing market presence as sales decline, driven by a shortage of new models and a lack of a clear strategy for transitioning to electric vehicles (EVs), industry officials said Tuesday.

Nov 12, 2024By Lee Min-hyung
Audi, Volkswagen lose presence in Korea

Korean Air-Asiana merger deal likely to receive final EU approval this month

The merger deal between Korean Air and Asiana Airlines, Korea's two full-fledged carriers, is expected to clear a major regulatory hurdle after likely receiving a final nod from the European Union this month, according to industry sources Tuesday.

Nov 12, 2024By Yonhap
Korean Air-Asiana merger deal likely to receive final EU approval this month

BRSG apologizes for 'confusingly cute' condom packaging

Convenience, a Korean pleasure product company that also goes by the name BRSG, apologized on Monday for its products that apparently caused a K-pop star to publicly embarrass himself on Pepero Day.

Nov 12, 2024By Ko Dong-hwan
BRSG apologizes for 'confusingly cute' condom packaging

Korea Gas shifts to profit in Q3 following utility bill hike

Korea's state-run Korea Gas Corp. (KOGAS) said Tuesday it has swung to profit in the third quarter, following the 6.8 percent hike in utility bills that started in August for households.

Nov 12, 2024By Yonhap
Korea Gas shifts to profit in Q3 following utility bill hike

Samsung Electronics to expand chip packaging facilities for HBM

Samsung Electronics will expand its semiconductor package facilities in South Chungcheong Province to boost production of high bandwidth memory (HBM) chips, company officials said Tuesday.

Nov 12, 2024By Yonhap
Samsung Electronics to expand chip packaging facilities for HBM

Samsung Electronics shares more than 100 patents with smaller firms

Samsung Electronics has shared more than 100 patents with smaller businesses as part of efforts to promote shared growth, the industry ministry said Tuesday.

Nov 12, 2024By Yonhap
Samsung Electronics shares more than 100 patents with smaller firms

KT SAT successfully launches communications satellite Koreasat-6A into orbit

KT SAT, the satellite service arm of Korea's telecom giant KT, said Tuesday it has successfully launched its geostationary satellite for communications service into orbit.

Nov 12, 2024By Yonhap
KT SAT successfully launches communications satellite Koreasat-6A into orbit

Korea Zinc Q3 net income up 96.5% to $109.2 mil.

Korea Zinc on Tuesday reported its third-quarter net income of 152.8 billion won ($109.2 million), up 96.5 percent from a year earlier.

Nov 12, 2024By Yonhap
Korea Zinc Q3 net income up 96.5% to $109.2 mil.

INTERVIEW Saudi Arabia's New Murabba project attracts constructors, tech firms to shape future city

BARCELONA, Spain — Saudi Arabia surprised the world with its de facto ruler Crown Prince Mohammed bin Salman’s announcement, proposing an architectural project to build a 400-meter-tall, cube-shaped skyscraper near the kingdom’s capital city of Riyadh in February last year.

Nov 12, 2024By Jhoo Dong-chan
[INTERVIEW] Saudi Arabia's New Murabba project attracts constructors, tech firms to shape future city

Fears grow over shipbuilding rivalry disrupting naval vessel exports

A recent failure by Korean shipbuilders to win the Australian Navy's frigate project has raised concerns that they could face similar challenges in their bids to export naval vessels to Canada and Poland.

Nov 12, 2024By Park Jae-hyuk
Fears grow over shipbuilding rivalry disrupting naval vessel exports
  • Hanwha, HD Hyundai rivalry could benefit Japanese shipbuilders
  • HD Hyundai, Hanwha compete to export naval ships to Five Eyes
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