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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.

Sales of imported cars fall 4.7% in Aug.

Sales of imported cars fell 4.7 percent on-year in August amid a substantial drop in Mercedes-Benz vehicle sales after a massive fire incident involving one of the company's electric vehicles last month, according to industry data Wednesday.

Sep 4, 2024By Yonhap
Sales of imported cars fall 4.7% in Aug.

SK Group chairman meets with US senators

SK Group Chairman Chey Tae-won has met with a delegation of U.S. senators in Seoul to discuss ways to enhance business cooperation between Korea and the United States, the company said Wednesday.

Sep 4, 2024By Yonhap
SK Group chairman meets with US senators

Auto industry's midsize SUV segment to see heated competition amid new model releases

The automotive industry in Korea is expected to see strong competition in the midsize sport utility vehicle (SUV) segment in the second half of the year amid new releases in the popular family leisure car market segment.

Sep 4, 2024By Yonhap
Auto industry's midsize SUV segment to see heated competition amid new model releases

Nexon targets $5.1 bil. in annual revenue by 2027 through global expansion

Korean gaming giant Nexon said Tuesday it aims to raise annual sales to 750 billion yen ($5.1 billion) by 2027 by diversifying its blockbuster titles across various platforms in the global market.

Sep 3, 2024By Yonhap
Nexon targets $5.1 bil. in annual revenue by 2027 through global expansion

Telegram apologizes for handling of deepfake porn content in Korea

Korea's media regulator said Tuesday encrypted messaging app Telegram has complied with its request to remove certain deepfake pornographic content on its platform and apologized for its response to digital sex crimes.

Sep 3, 2024By Yonhap
Telegram apologizes for handling of deepfake porn content in Korea

POSCO to source more graphite from Tanzania

Participants in the signing ceremony for POSCO International's $40 million investment in the acquisition of a 19.9 percent stake in Black Rock Mining pose at Crown Towers in Perth, Australia, Tuesday. The Korean firm said that the deal allows it to annually source an additional 30,000 tons of graphite from the Australian company's mine in Tanzania over the next 25 years. Previously, POSCO International signed a contract with Black Rock Mining to annually source 750,000 tons of graphite over the next 25 years, as part of efforts to establish a supply chain for its battery materials business. From left are POSCO Holdings' head of rechargeable battery materials business Kim Jun-hyung, Black Rock Mining Chairman Richard Crookes, Australian Resources Minister Madeleine King, Trade Minister Chung In-kyo, POSCO International CEO Lee Kye-in and POSCO Group Chairman Chang In-hwa. Courtesy of POSCO International

Sep 3, 2024By Park Jae-hyuk
POSCO to source more graphite from Tanzania

Will Stellantis Korea achieve rebound with Avenger EV?

Stellantis Korea hopes to achieve a major rebound with the launch of the Avenger, Jeep’s strategic electric vehicle (EV), but its use of Chinese batteries and weak range performance come as major downside risks for its potential success here, according to industry officials, Tuesday.

Sep 3, 2024By Lee Min-hyung
Will Stellantis Korea achieve rebound with Avenger EV?

Questions arise over profitability of Hanwha's deal with US Navy

Hanwha Ocean is facing speculation that it downplayed the low profitability of the U.S. Navy's recent order to overhaul a dry cargo and ammunition ship, so as to win the title of the first Korean shipbuilder to enter the U.S. naval vessel maintenance, repair and overhaul (MRO) market.

Sep 3, 2024By Park Jae-hyuk
Questions arise over profitability of Hanwha's deal with US Navy
  • Hanwha Ocean begins overhaul of US Navy logistics vessel in Korea

Hyundai Motor Group sponsors trilateral executive dialogue in Seoul

Hyundai Motor Group will sponsor a trilateral business dialogue for the second consecutive year to help business and political leaders from Korea, the United States and Japan tighten their strategic relations, the carmaker said Tuesday.

Sep 3, 2024By Lee Min-hyung
Hyundai Motor Group sponsors trilateral executive dialogue in Seoul

Groundbreaking ceremony for HD Hyundai Electric's new factory

HD Hyundai Chairman Kwon Oh-gap, second from right, shovels with participants at the groundbreaking ceremony for HD Hyundai Electric's medium- and low-voltage circuit breaker factory in Cheongju, North Chungcheong Province, Tuesday. The company plans to complete the construction by October 2025. From left are Cheongju Mayor Lee Beom-seok, North Chungcheong Province Gov. Kim Young-hwan, Kwon and HD Hyundai Electric CEO Cho Seok. Courtesy of HD Hyundai

Sep 3, 2024By Park Jae-hyuk
Groundbreaking ceremony for HD Hyundai Electric's new factory
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