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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.

Kia's Oct. sales rise 2.8% on domestic demand

Kia, Korea's second-largest automaker by sales, said Friday it saw a 2.8 percent increase in sales last month from a year earlier thanks to robust domestic demand.

Nov 1, 2024By Yonhap
Kia's Oct. sales rise 2.8% on domestic demand

SPC set to establish halal plants in Southeast Asia, Middle East

SPC CEO Hur Jin-soo recently met with a delegation from Johor, Malaysia, where the construction of a new halal plant by the Korean bakery giant is set to be completed in less than two months, the company said, Friday.

Nov 1, 2024By Ko Dong-hwan
SPC set to establish halal plants in Southeast Asia, Middle East

Emart, Shinsegae to become separate entities

The nation's retail giant Shinsegae Group announced a structural revamp, Wednesday, splitting its flagship retail business into two separate entities — Emart and Shinsegae Department Store — formalizing the sibling leadership that has long been part of the founding family’s succession plan.

Nov 1, 2024By Ko Dong-hwan
Emart, Shinsegae to become separate entities

Samsung Electronics CEO emphasizes competitive industry leadership amid growing sense of crisis

The CEO of Samsung Electronics on Friday called for the need to establish stronger technology leadership to address looming challenges and secure its dominant position in the evolving tech landscape.

Nov 1, 2024By Yonhap
Samsung Electronics CEO emphasizes competitive industry leadership amid growing sense of crisis

SK Innovation, SK E&S launch integrated energy behemoth following merger

The merged entity of South Korean refiner SK Innovation and its affiliate SK E&S officially set sail Friday, becoming the largest private energy company in the Asia-Pacific region, the company said.

Nov 1, 2024By Yonhap
SK Innovation, SK E&S launch integrated energy behemoth following merger

Korean businesspeople optimistic about Saudi Arabia's potential

RIYADH, Saudi Arabia — Senior executives of Korean companies doing business in Saudi Arabia did not expect the Middle Eastern country’s recent recession caused by weaker oil prices to thwart its Vision 2030 initiative aimed at increasing diversification economically, socially and culturally by 2030.

Nov 1, 2024By Park Jae-hyuk
Korean businesspeople optimistic about Saudi Arabia's potential

Czech antitrust agency denies Westinghouse, EDF complaints over KHNP's nuclear deal

The Czech antitrust watchdog said Thursday it denied complaints from the United States' Westinghouse and France's EDF over the Czech government's decision to pick Korea Hydro & Nuclear Power (KHNP) as a preferred bidder to build two nuclear units.

Nov 1, 2024By Yonhap
Czech antitrust agency denies Westinghouse, EDF complaints over KHNP's nuclear deal
  • KHNP undeterred by Czech nuclear project halt

KNOC inks 4 million-barrel oil storage agreement with Kuwait

Korea's state-run oil company said Thursday it has signed an agreement with Kuwait Petroleum Corporation to store 4 million barrels of oil from the Middle Eastern country that can be accessed in case of a global energy crisis, adding to Seoul's efforts to secure a stable supply of energy sources.

Oct 31, 2024By Yonhap
KNOC inks 4 million-barrel oil storage agreement with Kuwait

Korean Air bolsters community outreach with food, health care, donations

Korean Air is strengthening its community outreach with food, free medical services and charitable donations, as the country’s biggest airliner has been investing more of its efforts than ever toward its social activities, according to the country's flagship airline, Thursday.

Oct 31, 2024By Ko Dong-hwan
Korean Air bolsters community outreach with food, health care, donations

Hyundai Motor unveils new concept hydrogen vehicle: the Initium

Hyundai Motor on Thursday introduced its new concept hydrogen fuel cell electric vehicle (FCEV), the Initium, highlighting that the vehicle embodies the company’s decades of commitment to expanding the hydrogen-powered economy.

Oct 31, 2024By Nam Hyun-woo
Hyundai Motor unveils new concept hydrogen vehicle: the Initium
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