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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.

Specter of crippling strike looms over Korean shipyards

Concerns are growing that a potential labor dispute may dampen a long-awaited boom in the shipbuilding industry, as unionized shipyard workers prepare to strike in August, according to industry officials, Wednesday.

Jul 31, 2024By Park Jae-hyuk
Specter of crippling strike looms over Korean shipyards

Samsung Electro-Mechanics Q2 net profit up 51.8% to $131.5 mil.

Samsung Electro-Mechanics on Wednesday reported its second-quarter net income of 181.4 billion won ($131.5 million), up 51.8 percent from a year earlier.

Jul 31, 2024By Yonhap
Samsung Electro-Mechanics Q2 net profit up 51.8% to $131.5 mil.

KT&G signs MOU with Philip Morris for US submissions for new products

KT&G, the nation’s leading tobacco and nicotine product manufacturer, has signed a memorandum of understanding (MOU) with Philip Morris International (PMI), an American multinational tobacco company.

Jul 31, 2024By Kang Seung-woo
KT&G signs MOU with Philip Morris for US submissions for new products

HD Hyundai Oilbank continues social contribution efforts

HD Hyundai Oilbank has made diverse social contribution efforts in various sectors of society, the oil refiner said Wednesday.

Jul 31, 2024By Park Jae-hyuk
HD Hyundai Oilbank continues social contribution efforts

Gov't revokes license of new mobile carrier Stage X over funding questions

The government said Wednesday it has revoked the license of Stage X as the country's fourth mobile carrier due to the company's failure to secure paid-in capital and meet other requirements.

Jul 31, 2024By Yonhap
Gov't revokes license of new mobile carrier Stage X over funding questions

Starbucks Korea to adjust prices following soaring market prices

Starbucks Korea said Wednesday it will adjust most of its beverage prices to reflect soaring market prices in the country.

Jul 31, 2024By Yonhap
Starbucks Korea to adjust prices following soaring market prices

Airlines fear earnings drops amid growing pressure to cut fares

Korea's major airlines are projected to suffer drastic earnings falls in the second quarter. They are hit hard by escalating pressure to cut fares and a string of other unfavorable macroeconomic factors, including the strengthening dollar, according to data and analysts, Tuesday.

Jul 31, 2024By Lee Min-hyung
Airlines fear earnings drops amid growing pressure to cut fares

Olive Young entices K-pop fans in LA with beauty tips, top 100 products

CJ Olive Young promoted its beauty products to American K-pop fans who gathered in Los Angeles for KCON LA 2024, according to Korea’s major beauty product curator and seller, Tuesday.

Jul 30, 2024By Ko Dong-hwan
Olive Young entices K-pop fans in LA with beauty tips, top 100 products

LG Chem revamps biz portfolio for enhanced customer experience

LG Chem has been overhauling its business portfolio to focus on three key pillars of growth: eco-friendly sustainability, battery-based e-mobility and renovating its global business sector.

Jul 30, 2024
LG Chem revamps biz portfolio for enhanced customer experience

LIG Nex1 acquires controlling shares in US-based robotics firm

LIG Nex1 has acquired a controlling stake in Pennsylvania-based robotics developer Ghost Robotics.

Jul 30, 2024By Jhoo Dong-chan
LIG Nex1 acquires controlling shares in US-based robotics firm
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