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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.

US to offer 'lead time' for Korean firms to adjust connected vehicle supply chains: senior official

The United States will give "lead time" for Korean companies to adjust their supply chains for connected vehicles, a senior U.S. official said Tuesday, as Washington is pushing for regulations to address security risks stemming from those vehicles using Chinese technology.

Sep 11, 2024By Yonhap
US to offer 'lead time' for Korean firms to adjust connected vehicle supply chains: senior official

Why do power line expansions keep getting delayed in Korea?

Repeated delays in the country’s power line expansion projects, aimed at enhancing electricity supply in response to growing demand, have largely been attributed to local residents’ objections fueled by unsubstantiated rumors and a lack of cooperation from local governments trying to appease discontented constituents, according to the chief of the country’s state-run utility company.

Sep 11, 2024By Ko Dong-hwan
Why do power line expansions keep getting delayed in Korea?
  • Power shortage risks rise as Hanam rejects KEPCO substation expansion

Mercedes-Benz under regulator's probe over alleged false EV ads

The antitrust regulator launched an on-site probe into Mercedes-Benz Korea on Tuesday over allegations that the carmaker provided wrongful information to customers about batteries of its electric vehicles (EVs), officials said.

Sep 10, 2024By Yonhap
Mercedes-Benz under regulator's probe over alleged false EV ads

POSCO to boost steel supply for Hardt Hyperloop project

POSCO is boosting its steel supply for the world’s first hyperloop facility, as Hardt Hyperloop’s testing center in the Netherlands has completed its initial construction phase and is set to progress to the next stage, according to the company, Tuesday.

Sep 10, 2024By Ko Dong-hwan
POSCO to boost steel supply for Hardt Hyperloop project

Repeated delays plague T'way Air

T'way Air is facing increasing criticism for frequent flight delays and inadequate compensation to customers, which is apparently due to the airline's use of outdated A330-200 passenger jets.

Sep 10, 2024By Lee Min-hyung
Repeated delays plague T'way Air

Court grants rehabilitation process for crisis-hit TMON, WeMakePrice

The Seoul Bankruptcy Court on Tuesday granted a rehabilitation process for liquidity crisis-hit e-commerce platforms TMON and WeMakePrice, allowing them to restructure their debts to creditors under the supervision of court-appointed custodians.

Sep 10, 2024By Yonhap
Court grants rehabilitation process for crisis-hit TMON, WeMakePrice

Hyundai, Kia make Wards Auto's top 10 EV engines

The image shows Hyundai Motor's IONIQ 5 N, left, and Kia's EV9 electric vehicle. Power systems used for the two electric vehicles (EVs) made the U.S. car magazine Wards Auto's 10 Best Engines & Propulsion Systems list. Hyundai Motor Group equips its EVs with its electric global modular platform (E-GMP). Courtesy of Hyundai Motor Group

Sep 10, 2024By Lee Min-hyung
Hyundai, Kia make Wards Auto's top 10 EV engines

Samsung SDI joins Korean firms selling unprofitable film business

Samsung SDI has decided to follow in the footsteps of LG Chem and other Korean chemical companies by selling its struggling industrial film business amid fierce competition with Chinese rivals.

Sep 10, 2024By Park Jae-hyuk
Samsung SDI joins Korean firms selling unprofitable film business

Indian strike hits Samsung production at key electronics plant

Samsung Electronics' production at a key plant in southern India was disrupted for a second day by hundreds of employees striking for higher wages on Tuesday, as top executives sought to resolve a rare episode of labour unrest.

Sep 10, 2024By Reuters
Indian strike hits Samsung production at key electronics plant

HMM unveils plans to invest $18 bil. by 2030

HMM will invest 23.5 trillion won ($18 billion) by 2030, including 14.4 trillion won allocated for eco-friendly management, the nation’s largest shipping firm said Tuesday.

Sep 10, 2024By Park Jae-hyuk
HMM unveils plans to invest $18 bil. by 2030
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