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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.

INTERVIEW 'Constraints are holding back Korean whisky boom'

NAMYANGJU, Gyeonggi Province — Current taxation and regulations on the country’s liquor industry have been hindering local whisky distilleries from producing finer, more competitive spirits, according to the founder and chief spirits taster (CST) at Three Societies, a whisky distillery in Namyangju, Gyeonggi Province.

Sep 22, 2024By Ko Dong-hwan
[INTERVIEW] 'Constraints are holding back Korean whisky boom'

Korean businesses outpace US, Japan in sales growth in H1

Korean businesses experienced the sharpest growth in earnings and sales compared to their counterparts in the United States and Japan in the first half of this year, according to an analysis report, Sunday.

Sep 22, 2024By Nam Hyun-woo
Korean businesses outpace US, Japan in sales growth in H1

Hyundai Motor chair explores Europe strategy in Czech Republic

Hyundai Motor Group Executive Chair Chung Euisun visited Hyundai Motor’s manufacturing plant in the Czech Republic during the Chuseok holidays last week, emphasizing the importance of the facility as the automaker’s key outpost for the European electric vehicle (EV) market, the group said Sunday.

Sep 22, 2024By Nam Hyun-woo
Hyundai Motor chair explores Europe strategy in Czech Republic

REDNVIA eyes US market with repurposed drug for heart valve disorder

Creating a novel drug has always been a risky endeavor for biopharmaceutical companies. Developers and investors face significant uncertainties throughout the process. It often demands substantial investments in substances that carry a high risk of failure, as well as enduring rigorous and lengthy evaluations by regulatory authorities. Additionally, the subsequent journey of sales and marketing presents its own set of challenges.

Sep 21, 2024By Nam Hyun-woo
REDNVIA eyes US market with repurposed drug for heart valve disorder

Porsche Korea appoints new head

Porsche Korea appointed Mathias Busse as its new CEO and representative director in recognition of his expertise in the Asian market and extensive experience in the global auto industry, the local subsidiary of the German luxury carmaker announced, Friday.

Sep 20, 2024By Lee Min-hyung
Porsche Korea appoints new head

Korea urged to brace for surge in Chinese EV sales

Korea is being urged to brace for an influx of Chinese electric vehicles (EVs), which are feared to increase their market share while potentially impacting the local environment, experts and industry officials said.

Sep 20, 2024By Lee Min-hyung
Korea urged to brace for surge in Chinese EV sales

Construction firms strive to attract young jobseekers

Major construction firms in Korea have altered their recruitment strategies, as young jobseekers remain hesitant to enter the sector due to concerns about industrial accidents and rigid corporate cultures.

Sep 20, 2024By Park Jae-hyuk
Construction firms strive to attract young jobseekers

KakaoTalk messenger suffers brief service disruption

Kakao, the operator of Korea's dominant mobile messenger app KakaoTalk, said Friday its service has experienced a brief disruption.

Sep 20, 2024By Yonhap
KakaoTalk messenger suffers brief service disruption

LIG Nex1 wins $2.78 bil. deal to export missile defense system Cheongung-II to Iraq

LIG Nex1, South Korea's major defense firm, said Friday it has secured a 3.7 trillion-won ($2.78 billion) contract with Iraq to export its Cheongung-II medium-range surface-to-air missile defense system.

Sep 20, 2024By Yonhap
LIG Nex1 wins $2.78 bil. deal to export missile defense system Cheongung-II to Iraq

Chaebols embrace heirs' wives in leadership roles

Korea’s family-run conglomerates, known as "chaebols," have apparently become more open to allowing the wives of their heirs to take on roles in company management.

Sep 20, 2024By Park Jae-hyuk
Chaebols embrace heirs' wives in leadership roles
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