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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.

E-commerce industry faces drastic changes ahead of Coupang's fee hike

The nation’s e-commerce landscape is set for drastic changes amid Coupang’s planned membership fee hike of 58 percent on Wednesday, with influential shopping platform operators — Naver and Shinsegae — expected to benefit by attracting customers who cancel their Coupang subscriptions, according to data and industry officials, Tuesday.

Aug 6, 2024By Lee Min-hyung
E-commerce industry faces drastic changes ahead of Coupang's fee hike

Construction firms tackle EV fire risks in underground garages

Construction firms are quickly adopting new technologies to prevent fires caused by electric vehicles (EVs) from spreading in underground parking garages.

Aug 6, 2024By Park Jae-hyuk
Construction firms tackle EV fire risks in underground garages

Kia set to mass-produce EV4 to boost popularization of electric vehicles

Kia will start mass-producing its next key strategic electric vehicle (EV) — the EV4 — next March, aiming to drive early popularization of EVs with the affordable addition, according to the company, Tuesday.

Aug 6, 2024By Lee Min-hyung
Kia set to mass-produce EV4 to boost popularization of electric vehicles

Jung Kwan Jang hits Japanese drugstores

A customer checks out Jung Kwan Jang’s Korea Red Ginseng with Pomegranate at a Welcia store in Tokyo’s Shinjuku, Thursday. Jung Kwan Jang, a flagship brand of Korea Ginseng Corp. (KGC), has signed supply deals with Welcia, a major Japanese drugstore chain, and Aeon Mall, which operates the drugstore subsidiary Aeon Glam Beautique. This marks the first time a Korean health supplement company has exported to Welcia, according to KGC. Courtesy of KGC

Aug 6, 2024By Ko Dong-hwan
Jung Kwan Jang hits Japanese drugstores

Kakao Pay turns to black in Q2

Kakao Pay, the online payment unit of Korean social media giant Kakao, said Tuesday it swung to a net profit in the second quarter from a net loss a year earlier thanks to higher sales.

Aug 6, 2024By Yonhap
Kakao Pay turns to black in Q2
  • Naver Pay, Toss face scrutiny following Kakao Pay's transfer of customer data to Alipay

Gov't to begin providing liquidity to vendors hit by Qoo10 payment delays

The government will begin providing financial support this week to e-commerce vendors hit by the recent payment delays of Qoo10-owned TMON and WeMakePrice, officials said Tuesday.

Aug 6, 2024By Yonhap
Gov't to begin providing liquidity to vendors hit by Qoo10 payment delays

SK Telecom Q2 operating profit up 16% on growth of major businesses

SK Telecom, a leading Korean mobile carrier, said Tuesday its second-quarter operating profit rose 16 percent from a year earlier on the robust performance of its overall business.

Aug 6, 2024By Yonhap
SK Telecom Q2 operating profit up 16% on growth of major businesses

SK chairman to contest court's recognition of slush fund in divorce case

SK Group Chairman Chey Tae-won is expected to contest a court's recognition of former President Roh Tae-woo's slush fund as seed money for the conglomerate in his divorce suit against Roh's daughter, sources said Tuesday.

Aug 6, 2024By Yonhap
SK chairman to contest court's recognition of slush fund in divorce case

Hiring platforms vie to attract foreign jobseekers

Recruitment platform operators in Korea have developed various services specifically designed for the increasing number of foreign jobseekers, as the prolonged economic slowdown has reduced job matching opportunities with Korean counterparts.

Aug 5, 2024By Park Jae-hyuk
Hiring platforms vie to attract foreign jobseekers

Korea opens workforce agency for shipbuilders in Indonesia

Korea has opened its first overseas shipbuilding workforce training center in Indonesia to help migrant workers be immediately deployed to production sites in Korea amid growing concerns over a labor shortage, the Ministry of Trade, Industry and Energy said Monday.

Aug 5, 2024By Lee Min-hyung
Korea opens workforce agency for shipbuilders in Indonesia
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