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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.

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

Lawmakers urged to curtail summoning top execs to annual Assembly audits

Lawmakers are being urged to end the longstanding practice of summoning high-ranking business leaders for questioning during the National Assembly's annual audit. This political spectacle, repeated nearly every year, has faced criticism for undermining both the morale of business leaders and overall business sentiment, industry officials said Monday.

Sep 30, 2024By Lee Min-hyung
Lawmakers urged to curtail summoning top execs to annual Assembly audits

Naver to cancel $305 mil. treasury stocks to pump up share price

Naver will buy back 400 billion won ($305.7 million) of treasury stocks and cancel them by the end of this year, in order to boost its share price and improve shareholder value, the internet service giant said Monday.

Sep 30, 2024By Nam Hyun-woo
Naver to cancel $305 mil. treasury stocks to pump up share price

Hyundai Motor achieves accumulated vehicle production of 100 mil.

Hyundai Motor has set a new milestone by completing production on its 100 millionth vehicle after 57 years, the carmaker said Monday.

Sep 30, 2024By Lee Min-hyung
Hyundai Motor achieves accumulated vehicle production of 100 mil.

Nongshim aims to double instant noodle sales in Japan by 2026

Nongshim said it will nearly double the sales of its Shin Ramyun instant noodles in Japan by 2026 as it further penetrates the local noodle market.

Sep 30, 2024By Yonhap
Nongshim aims to double instant noodle sales in Japan by 2026

League of Legends superstar Faker wins customized Mercedes-AMG SL Roadster

Lee Sang-hyeok, a superstar gamer for League of Legends (LoL), has received a customized Mercedes-AMG luxury vehicle to celebrate his legendary achievement as the first inductee into the Hall of Legends.

Sep 30, 2024By Lee Min-hyung
League of Legends superstar Faker wins customized Mercedes-AMG SL Roadster

KT, Microsoft join forces to launch Korean-style AI, cloud services

KT and Microsoft have joined forces to co-develop Korea-tailored artificial intelligence (AI) and cloud computing solutions amid the global rise of the two promising tech areas, the companies said Sunday.

Sep 29, 2024By Lee Min-hyung
KT, Microsoft join forces to launch Korean-style AI, cloud services

Lotte Group steps up social initiatives for regional communities

Lotte Group is launching more corporate social responsibility initiatives to support marginalized groups and protect the environment.

Sep 29, 2024By Lee Min-hyung
Lotte Group steps up social initiatives for regional communities
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