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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.

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

Mercedes-Benz EV fire victims say company's relief support pledge 'absurdly insufficient'

Victims of a massive Korean apartment complex fire that began from a Mercedes-Benz electric vehicle (EV) earlier this month have expressed discontent over the German automaker's initial relief support pledge, claiming the promised amount is "absurdly insufficient" when compared with the actual total damage, sources said Friday.

Aug 16, 2024By Yonhap
Mercedes-Benz EV fire victims say company's relief support pledge 'absurdly insufficient'
  • Insurers review policies related to EVs following series of accidents

FILA Holdings sees robust Q2 growth, driven by Acushnet's performance

FILA Holdings reported a strong second-quarter performance, Friday, driven by the popularity of its American subsidiary Acushnet in the golf market and its related merchandise.

Aug 16, 2024By Ko Dong-hwan
FILA Holdings sees robust Q2 growth, driven by Acushnet's performance

Celltrion's merger dashed amid shareholder opposition

Celltrion has suspended its plan to merge with its chemical drug-making unit Celltrion Pharm due to strong opposition from over 90 percent of its shareholders, the biotech firm said, Friday.

Aug 16, 2024By Nam Hyun-woo
Celltrion's merger dashed amid shareholder opposition

Affordable buffets draw consumers amid high market prices

Affordable buffets with diversifying spreads are drawing customers as rising dine-in prices prompt people to seek out more cost-effective dining options.

Aug 16, 2024By Ko Dong-hwan
Affordable buffets draw consumers amid high market prices

How does Bacha Coffee's $1,000 java taste?

A Korean influencer has shared his experience visiting the country’s first Bacha Coffee shop and tasting its coffee, which generated buzz for charging 1.4 million won ($1,000) per 100 grams of beans.

Aug 15, 2024By Ko Dong-hwan
How does Bacha Coffee's $1,000 java taste?
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