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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.

Hyundai, Kia see US sales drop 10% in Sept.

Hyundai Motor and its affiliate Kia said Wednesday their combined sales in the United States dropped 10 percent in September from a year earlier on decreased exports and lower local demand due to a hurricane.

Oct 2, 2024By Yonhap
Hyundai, Kia see US sales drop 10% in Sept.

Korea Zinc to make counteroffer to buy back own shares to fend off MBK, Young Poong

Korea Zinc said Wednesday it plans to make a counteroffer to buy back and cancel its own shares to fend off a tender offer by private equity firm MBK Partners and Young Poong, the biggest shareholder of the world's largest zinc smelter.

Oct 2, 2024By Yonhap
Korea Zinc to make counteroffer to buy back own shares to fend off MBK, Young Poong
  • Court dismisses Young Poong's injunction in battle for control of Korea Zinc

Court dismisses Young Poong's injunction in battle for control of Korea Zinc

A Seoul court on Wednesday dismissed an injunction requested by Young Poong in the intensifying battle for control of Korea Zinc, the world's largest zinc smelter, allowing the company's management to buy shares for its defense.

Oct 2, 2024By Yonhap
Court dismisses Young Poong's injunction in battle for control of Korea Zinc
  • Korea Zinc to make counteroffer to buy back own shares to fend off MBK, Young Poong

Jeep's Avenger gains traction as SUV of choice for families

Jeep Korea's Avenger electric SUV is becoming increasingly popular as an ideal second car for parents who frequently drive in the city to pick up their children from school and extracurricular activities.

Oct 1, 2024By Lee Min-hyung
Jeep's Avenger gains traction as SUV of choice for families

KT vows to expand footing as AI-powered telecom player

KT will transform into an artificial intelligence (AI)-powered telecommunications service operator as it proactively prepares for the upcoming era of sixth-generation (6G) networks, its chief said Tuesday.

Oct 1, 2024By Lee Min-hyung
KT vows to expand footing as AI-powered telecom player

LS Electric celebrates 50th anniversary amid AI-driven boom

LS Electric celebrated the 50th anniversary of its foundation and unveiled a new brand for its next five decades, Monday, the power devices producer said the following day.

Oct 1, 2024By Park Jae-hyuk
LS Electric celebrates 50th anniversary amid AI-driven boom

Union protests Samsung SDI's plan to sell industrial film business

Samsung SDI is facing a backlash from its unionized workers over the battery maker’s plan to sell its struggling industrial film business to a Chinese company.

Oct 1, 2024By Park Jae-hyuk
Union protests Samsung SDI's plan to sell industrial film business

Conflict escalates over potential cement imports from China

Recent attempts by Korean construction companies to import low-priced cement from China have exacerbated their ongoing conflict with domestic cement manufacturers over local cement prices, which have soared nearly 50 percent over the past three years.

Oct 1, 2024By Park Jae-hyuk
Conflict escalates over potential cement imports from China

Shipbuilders, steelmakers clash over Chinese steel plate imports

A dispute has escalated between shipbuilders and steelmakers in Korea over the importation of steel plates from China, amid stalled talks over the price of the key material for ships.

Oct 1, 2024By Park Jae-hyuk
Shipbuilders, steelmakers clash over Chinese steel plate imports

McDonald's Korea sold to part owner of Qatari conglomerate Al Mana Group

McDonald’s Corp. announced Monday that it has completed the sale of its business in Korea to Kamal Al Mana, one of the owners of Qatari conglomerate Al Mana Group.

Sep 30, 2024By Nam Hyun-woo
McDonald's Korea sold to part owner of Qatari conglomerate Al Mana Group
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