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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.

BMW, Audi, Hyundai offer bigger benefits, discounts on EVs to offset battery fire fears

Major global and domestic carmakers are ramping up their sales incentives for electric vehicles (EVs) to counteract waning consumer interest following a high-profile EV fire involving Mercedes-Benz's EQE sedan.

Aug 14, 2024By Lee Min-hyung
BMW, Audi, Hyundai offer bigger benefits, discounts on EVs to offset battery fire fears

Unionized workers at Samsung Electronics to launch 4-day strike

Samsung Electronics' labor union said Tuesday it will launch a four-day strike from Liberation Day this week, stepping up pressure over their demand for a pay raise and additional bonuses.

Aug 13, 2024By Yonhap
Unionized workers at Samsung Electronics to launch 4-day strike

Porsche, Stellantis, Jaguar to follow gov't recommendation to disclose battery info

Carmakers and automobile importers should voluntarily disclose the manufacturers of batteries used in their electric vehicles (EVs) sold in Korea and provide free inspections of their EVs to dispel worries over potential fires, the government recommended on Tuesday.

Aug 13, 2024By Park Jae-hyuk
Porsche, Stellantis, Jaguar to follow gov't recommendation to disclose battery info
  • LG, SK, Samsung set to benefit from disclosures of battery info
  • Hyundai Motor, Kia, Genesis launch free EV inspections

Hyundai Motor, Kia, Genesis launch free EV inspections

Hyundai Motor, Kia, and Genesis introduced a free inspection service for customers who purchased their electric vehicles (EVs) in response to increasing concerns over EV fires reported both domestically and internationally, the Hyundai Motor Group said Tuesday.

Aug 13, 2024By Lee Min-hyung
Hyundai Motor, Kia, Genesis launch free EV inspections
  • Porsche, Stellantis, Jaguar to follow gov't recommendation to disclose battery info

Faltering share prices threaten Doosan's Bobcat-Robotics merger

Faltering share prices of Doosan's subsidiaries are jeopardizing the conglomerate's efforts to merge its key units. The decline in values is leading more shareholders to exercise their rights to demand that the company repurchase shares at prices higher than the current market value.

Aug 13, 2024By Nam Hyun-woo
Faltering share prices threaten Doosan's Bobcat-Robotics merger

Dongsuh Foods targets MZ coffee consumers with younger celebrities

Dongsuh Foods has newly targeted the country’s young MZ Generation for its T.O.P bottled coffee drinks to revitalize the products’ old image and attract the trendy consumer group, according to the country’s major food company, Tuesday.

Aug 13, 2024By Ko Dong-hwan
Dongsuh Foods targets MZ coffee consumers with younger celebrities

7 auto brands release EV battery info; Chinese products account for 35%

Seven auto brands in Korea have released battery information of their electric vehicle (EV) models sold in the country as of Tuesday, amid growing calls for battery transparency following a massive fire caused by an electric car this month.

Aug 13, 2024By Yonhap
7 auto brands release EV battery info; Chinese products account for 35%

Celltrion's low price version Yuflyma to be available at Costco

Celltrion said Tuesday its autoimmune disease treatment Yuflyma will be available at Costco stores in the United States, allowing uninsured patients to purchase the drug at a lower price.

Aug 13, 2024By Nam Hyun-woo
Celltrion's low price version Yuflyma to be available at Costco

CJ fined for attempting to monopolize regional grocery market

The nation's antitrust watchdog has fined CJ Freshway, a food distributor serving large restaurant chains, 24.5 billion won ($17.88 million) for unfairly supporting another CJ affiliate to dominate a regional food ingredient distribution market.

Aug 13, 2024By Lee Min-hyung
CJ fined for attempting to monopolize regional grocery market

LG, SK, Samsung set to benefit from disclosures of battery info

Cautious optimism is growing that Korea's major battery manufacturers — LG Energy Solution, SK On and Samsung SDI — may gain the upper hand over their Chinese rivals, as a growing number of carmakers have disclosed their use of Korean batteries to cope with fears for the safety of electric vehicles (EVs).

Aug 13, 2024By Park Jae-hyuk
LG, SK, Samsung set to benefit from disclosures of battery info
  • Porsche, Stellantis, Jaguar to follow gov't recommendation to disclose battery info
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