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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.

Woojin selected as preferred bidder for railway project in LA County

Woojin Industrial Systems has been selected as a preferred bidder for the Inglewood Transit Connector project in Los Angeles County, California.

Aug 13, 2024By Jhoo Dong-chan
Woojin selected as preferred bidder for railway project in LA County

Doubleugames Q2 net profit up 44.5% to $46.8 mil.

Doubleugames on Tuesday reported its second-quarter net profit of 64.2 billion won ($46.8 million), up 44.5 percent from a year earlier.

Aug 13, 2024By Yonhap
Doubleugames Q2 net profit up 44.5% to $46.8 mil.

Mercedes-Benz's reputation tainted by overly defensive response to EV fire

Mercedes-Benz Korea is rapidly losing its reputation and trust among Korean customers due to what is perceived as “overly defensive” responses from its headquarters regarding a catastrophic fire caused by its EQE electric vehicle (EV), according to industry officials.

Aug 13, 2024By Lee Min-hyung
Mercedes-Benz's reputation tainted by overly defensive response to EV fire

Petrochemical firms tighten belts to improve profits

Petrochemical firms have reduced investments and scrapped their planned expansion of facilities, in response to delays in their earnings recovery amid lingering uncertainties about their business environments.

Aug 12, 2024By Park Jae-hyuk
Petrochemical firms tighten belts to improve profits

Over half of foreign firms fear impact of yellow envelope law

More than half of the foreign companies operating in Korea have expressed concerns about an upcoming pro-labor law revision package that is commonly referred to as the yellow envelope law. This legislation is set to significantly expand the range of labor disputes that are considered lawful.

Aug 12, 2024By Nam Hyun-woo
Over half of foreign firms fear impact of yellow envelope law

Hanwha Ocean's bid to buy Australian shipbuilder draws backlash

Hanwha Ocean is facing opposition in Australia concerning its ongoing attempt to take over Austal, a naval shipbuilder in the world’s sixth-largest country.

Aug 12, 2024By Park Jae-hyuk
Hanwha Ocean's bid to buy Australian shipbuilder draws backlash

Cosmax Q2 net profit up 28.9% to $25.76 mil.

Cosmax on Monday reported its second-quarter net profit of 35.3 billion won ($25.76 million), up 28.9 percent from a year earlier.

Aug 12, 2024By Yonhap
Cosmax Q2 net profit up 28.9% to $25.76 mil.

Carmakers move to disclose battery brand info amid EV fire scare

Carmakers in Korea are moving toward disclosing the brand information of batteries used in their electric vehicles in response to consumer doubts over the safety of EV batteries.

Aug 12, 2024By Yonhap
Carmakers move to disclose battery brand info amid EV fire scare

CJ's bakery franchise to open 1st outlet in Singapore this year

CJ Foodville, the restaurant arm of food and entertainment conglomerate CJ Group, said Monday its bakery franchise Tous les Jours will open its first outlet in Singapore within this year.

Aug 12, 2024By Yonhap
CJ's bakery franchise to open 1st outlet in Singapore this year

Chips, cars collectively account for over 30% of Korea's exports

Semiconductors and automobiles accounted for a record 31.7 percent of Korea’s total exports during the second quarter of this year, a tally showed, Sunday.

Aug 11, 2024By Nam Hyun-woo
Chips, cars collectively account for over 30% of Korea's exports
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