Business - The Korea Times

BMW's driving center in Korea attracts over 1.5 mil. visitors

BMW Korea's driving center has attracted over 1.5 million visitors since opening a decade ago, amid the company's continued efforts to offer unique driving experiences despite it recording annual losses, according to company officials Friday.

Oct 4, 2024By Yonhap

BMW's driving center in Korea attracts over 1.5 mil. visitors

Samsung, Hyundai chiefs to accompany Yoon on Singapore trip

A group of business leaders, including Samsung Electronics Chairman Lee Jae-yong and Hyundai Motor Group Chairman Euisun Chung, will accompany President Yoon Suk Yeol on his visit to Singapore next week, industry sources said Thursday.

Oct 3, 2024By Yonhap

Samsung, Hyundai chiefs to accompany Yoon on Singapore trip

President to visit 3 Southeast Asian countries to deepen economic, security ties

Coupang launches luxury beauty shopping platform R.LUX

Coupang is launching a shopping service for luxury beauty products, R.LUX, to offer consumers a distinguished experience when buying personal care items with a dedicated app.

Oct 3, 2024By Nam Hyun-woo

Coupang launches luxury beauty shopping platform R.LUX

10 domestic, foreign airlines fined for aviation law violations

The transport ministry said Thursday it has imposed fines on Saudia Airlines, Qatar Airways and eight other domestic and foreign airlines for violating Korea's aviation law.

Oct 3, 2024By Yonhap

10 domestic, foreign airlines fined for aviation law violations

Hyundai Mobis showcases electrified parts technologies

Hyundai Mobis has showcased dozens of key electrified mobility technologies, in a preemptive push to secure its next-generation growth engines even amid the ongoing chasm of electric vehicles (EV) before their mass adoption, the automotive parts maker said Wednesday during its Tech Day event.

Oct 3, 2024By Lee Min-hyung

Hyundai Mobis showcases electrified parts technologies

As Korean products boom, counterfeit risks grow

Korean products, ranging from food and liquor to home appliances, have been steadily gaining popularity in global retail markets, especially in Southeast Asia. However, this growing demand has also sparked a rise in counterfeit goods across the region, according to Korean industry officials and a lawmaker, Wednesday.

Oct 2, 2024By Ko Dong-hwan

As Korean products boom, counterfeit risks grow

SK Bioscience completes acquisition of German biotech

SK Bioscience said Wednesday it has completed the acquisition of a controlling stake in IDT Biologika, a German company, one of the top 10 global vaccine contract development manufacturing organizations.

Oct 2, 2024By Nam Hyun-woo

SK Bioscience completes acquisition of German biotech

KT&G eyes top position in global duty free tobacco market

KT&G has gained global attention at the world’s biggest duty free business exhibition being held in France, reinforcing its goal to expand in the global tobacco market, according to the country’s major tobacco products maker, Wednesday.

Oct 2, 2024By Ko Dong-hwan

KT&G eyes top position in global duty free tobacco market

FILA chief awarded for Korea-US ties

FILA Holdings Chairman Yoon Yoon-soo speaks after receiving the Van Fleet Award during a ceremony in New York, Monday (local time). He was the co-honoree this year alongside Korean golf icon Pak Se-ri. Named after Gen. James Van Fleet, commander of the Eighth U.S. Army at the height of the Korean War in 1951, the highly acclaimed award has been given annually to those who have made notable contributions to the bilateral relationship. Courtesy of FILA Holdings

Oct 2, 2024By Kang Seung-woo

Kakao Mobility faces $54 mil. fine for abusing dominant position

Kakao Mobility has been fined 72.4 billion won ($54.93 million) for abusing its dominant market position and forcibly collecting key business information from rival taxi-hailing service operators, the Fair Trade Commission (FTC) said Wednesday.

Oct 2, 2024By Lee Min-hyung

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