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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.

Hyundai, Kia outperform Ford, GM in US EV market in Jan.-July period: report

The combined market share of electric vehicles produced by Korea's Hyundai Motor and Kia in the United States ranked second in the January-July period, outperforming local manufacturers Ford Motor and General Motors, an industry report showed Wednesday.

Aug 21, 2024By Yonhap
Hyundai, Kia outperform Ford, GM in US EV market in Jan.-July period: report

Samsung, LG, SK see drop in young employees

According to the corporate tracker Leaders Index, the proportion of employees in their 20s at major Korean conglomerates decreased to 21.6 percent in 2023 from 23.4 percent in 2021, while the share of workers aged 50 or older increased to 22 percent from 20.8 percent.

Aug 21, 2024By Park Jae-hyuk
Samsung, LG, SK see drop in young employees

Daewoo E&C sets example of labor-management cooperation

Daewoo Engineering & Construction is strengthening the collaboration between management and labor, serving as a model of overcoming a prolonged downturn in the construction industry.

Aug 20, 2024By Nam Hyun-woo
Daewoo E&C sets example of labor-management cooperation

Retail firms utilize Olympic medalists to improve corporate image

Retail companies are taking advantage of Olympic medalists either by signing sponsorship deals or offering special incentives to those who brought home medals from the Paris Olympics.

Aug 20, 2024By Lee Min-hyung
Retail firms utilize Olympic medalists to improve corporate image

More industrial gas firms put up for sale

A growing number of industrial gas companies are being offered for sale, with SK becoming the latest to join this trend.

Aug 20, 2024By Park Jae-hyuk
More industrial gas firms put up for sale

Major business groups breathe sigh of relief amid Harris' rise

Major conglomerates are expressing unexpected relief at the rise of U.S. Democratic presidential candidate Kamala Harris, as the vice president is widely expected to maintain consistency in key eco-friendly policies championed by the incumbent Joe Biden administration — particularly those related to batteries and electric vehicles, according to industry officials and experts, Tuesday.

Aug 20, 2024By Lee Min-hyung
Major business groups breathe sigh of relief amid Harris' rise
  • Absence of denuclearization in US Democratic Party platform alarms Seoul

Helping hand

Domino's Pizza Korea Chairman Kenny Oh, left, poses with Kim Young-tae, president of Seoul National University Hospital, at Seoul National University Children's Hospital in Seoul, Tuesday. The Korean branch of the U.S. pizza franchise donated 100 million won ($75,000) for the treatment of patients with rare and incurable diseases. Since 2005, the company has donated 1.6 billion won, which has been used to treat a total of 591 pediatric patients. Courtesy of Domino's Pizza Korea

Aug 20, 2024By Kang Seung-woo
Helping hand

Amorepacific launches Hera brand in Thailand

Amorepacific, Korea's leading cosmetics firm, said Tuesday it has launched its luxury Hera brand in Thailand as part of its expansion into Asian markets.

Aug 20, 2024By Yonhap
Amorepacific launches Hera brand in Thailand

Daedong widens gap with TYM in terms of profitability

Agricultural machinery manufacturer Daedong succeeded in improving its profitability, in contrast to rival TYM, which experienced a sharp decline in earnings due to falling demand for farming equipment both domestically and internationally.

Aug 20, 2024By Park Jae-hyuk
Daedong widens gap with TYM in terms of profitability

AliExpress and Temu face stricter scrutiny, must appoint local agents

AliExpress and Temu will soon need to designate authorized agents in Korea, as the nation's antitrust authority plans to amend regulations to hold overseas e-commerce platforms more accountable for their inadequate customer protection practices.

Aug 19, 2024By Lee Min-hyung
AliExpress and Temu face stricter scrutiny, must appoint local agents
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