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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.

Korea Zinc-Young Poong conflict drags on as accusations intensify

Korea Zinc and the alliance between MBK Partners and Young Poong have continued a smear campaign against each other, Tuesday, amid the private equity firm’s ongoing attempt to inherit Young Poong’s position as Korea Zinc’s largest shareholder and oust the chairman of world’s leading non-ferrous metal smelting company.

Sep 24, 2024By Park Jae-hyuk
Korea Zinc-Young Poong conflict drags on as accusations intensify
  • Korea Zinc's corporate governance severely damaged under Choi's leadership: MBK

Korean carmakers urged to expand parts sourcing amid US ban on Chinese connected vehicles

Korean carmakers need to widen their parts sourcing channels and increase the use of locally produced vehicle components, as the U.S. moves to tighten regulations on imports of connected vehicles with Chinese and Russian software and hardware, auto experts and industry officials said, Tuesday.

Sep 24, 2024By Lee Min-hyung
Korean carmakers urged to expand parts sourcing amid US ban on Chinese connected vehicles

Korea, Lithuania vow to join forces for advanced industries

Business leaders of Korea and Lithuania came together and confirmed their commitment to join forces in exploring business opportunities in biopharmaceutical, energy and other advanced industries.

Sep 24, 2024By Nam Hyun-woo
Korea, Lithuania vow to join forces for advanced industries

GS E&C develops AI translator for foreign construction workers

GS E&C said Tuesday that it developed Xi Voice, an artificial intelligence (AI) translator, to communicate better with a growing number of foreign workers at construction sites about notices and safety guidelines.

Sep 24, 2024By Park Jae-hyuk
GS E&C develops AI translator for foreign construction workers

Retail sales climb 9.2% in August

Retail sales in Korea rose 9.2 percent on-year in August as more people visited offline stores amid the extreme heat wave, with demand for food delivery and health-related products also rising from online malls.

Sep 24, 2024By Yonhap
Retail sales climb 9.2% in August

Renault Korea faces production delays due to union wage dispute

Renault Korea faces increasing risks of delayed production of its Grand Koleos premium SUV, as the carmaker has reached a deadlock in wage negotiations with unionized workers.

Sep 23, 2024By Lee Min-hyung
Renault Korea faces production delays due to union wage dispute

Hanwha Galleria takes over Pure Plus, targets global beverage market

Hanwha Galleria said Monday it closed a deal to acquire Pure Plus, an export-strong beverage developer, as the Hanwha Group unit targets the global non-alcoholic beverage market.

Sep 23, 2024By Ko Dong-hwan
Hanwha Galleria takes over Pure Plus, targets global beverage market

CJ, Shinsegae form logistics partnership to fight Coupang

Shinsegae Group's e-commerce affiliates, Gmarket and Auction, have teamed up with CJ Logistics to secure their foothold against the rapidly expanding Coupang, which is consolidating its online shopping leadership with its ultra-fast Rocket Delivery service.

Sep 23, 2024By Lee Min-hyung
CJ, Shinsegae form logistics partnership to fight Coupang

Hanwha, LG concerned about feud over Korea Zinc's control

Conglomerates holding stakes in Korea Zinc have begun expressing concerns about possible fallout from an intensifying conflict between owner families over management rights to the world’s largest zinc smelting company.

Sep 23, 2024By Park Jae-hyuk
Hanwha, LG concerned about feud over Korea Zinc's control
  • Korea Zinc's corporate governance severely damaged under Choi's leadership: MBK

KEPCO to freeze Q4 electricity rates

The state-run Korea Electric Power Corp. (KEPCO) said Monday it plans to freeze electricity rates for the fourth quarter.

Sep 23, 2024By Yonhap
KEPCO to freeze Q4 electricity rates
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