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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.

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

Soju's global sales soar as domestic consumption declines

Overseas sales of soju, a popular Korean distilled alcoholic beverage, are on the rise, fueling anticipation that it could become the next K-food sensation, even as its popularity wanes domestically, according to the Korea Customs Service (KCS).

Aug 19, 2024By Ko Dong-hwan
Soju's global sales soar as domestic consumption declines

Korea likely to miss $40 billion overseas construction order target

The Korean construction industry’s goal of securing $40 billion worth of orders from other countries this year has been overshadowed by uncertainties.

Aug 19, 2024By Park Jae-hyuk
Korea likely to miss $40 billion overseas construction order target

EV makers delay new model launches amid safety concerns

Global carmakers are delaying the launches of new electric vehicles (EVs) due to waning consumer interest and increasing concerns about battery fires.

Aug 19, 2024By Lee Min-hyung
EV makers delay new model launches amid safety concerns
  • Insurers review policies related to EVs following series of accidents

AI chipmakers Sapeon Korea, Rebellions sign formal merger deal

Sapeon Korea and Rebellions, two artificial intelligence (AI) chipmakers in Korea, have signed a formal merger agreement.

Aug 19, 2024By Yonhap
AI chipmakers Sapeon Korea, Rebellions sign formal merger deal

Budget carriers hit hard as demand for China routes weakens

Major low-cost carriers (LCCs) are struggling with a slow recovery in passenger routes to China, compounded by ongoing financial pressures from high exchange rates and oil prices, according to data and industry officials on Sunday.

Aug 18, 2024By Lee Min-hyung
Budget carriers hit hard as demand for China routes weakens

Will HMM continue to transport EVs, batteries by sea?

HMM, the largest container shipping company in Korea, is facing a dilemma as to whether to continue transporting electric vehicles (EVs) and batteries containing lithium due to safety concerns.

Aug 18, 2024By Park Jae-hyuk
Will HMM continue to transport EVs, batteries by sea?
  • EV fires heighten concerns: Tesla, Mercedes-Benz accidents add to alarm

EV fires heighten concerns: Tesla, Mercedes-Benz accidents add to alarm

Customer concerns about electric vehicles (EVs) have intensified following a recent fire report involving an all-electric Model X luxury SUV from Tesla, the most beloved EV maker in Korea.

Aug 18, 2024By Lee Min-hyung
EV fires heighten concerns: Tesla, Mercedes-Benz accidents add to alarm
  • Will HMM continue to transport EVs, batteries by sea?
  • Insurers review policies related to EVs following series of accidents

GS E&C considers selling subsidiaries amid liquidity crisis

GS E&C is considering unloading control of some of its subsidiaries.

Aug 18, 2024By Park Jae-hyuk
GS E&C considers selling subsidiaries amid liquidity crisis
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