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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.

Liquidity woes from TMON, WeMakePrice show signs of spreading to consumers

Liquidity woes of sellers on TMON and WeMakePrice, Korean affiliates of Singapore-based e-commerce platform Qoo10 Group, showed signs of spreading to consumers Thursday, with some customers forced to cancel their travel plans or prompt refund demands.

Jul 25, 2024By Yonhap
Liquidity woes from TMON, WeMakePrice show signs of spreading to consumers
  • Qoo10's Nasdaq ambitions falter amid mounting losses, seller exodus
  • WeMakePrice crisis feared to trigger chain of defaults

POSCO offers olive branch to SMEs’ federation

POSCO Group Chairman Chang In-hwa visited the Korea Federation of SMEs (K-Biz), Wednesday, surprising those who remember K-Biz Chairman Kim Ki-mun’s criticism leveled at the steelmaker two years ago.

Jul 25, 2024By Park Jae-hyuk
POSCO offers olive branch to SMEs’ federation

GS Retail bolsters tourist-friendly services with smart Trip Pass Card

GS Retail, the operator of Korea's major convenience store chain GS25, will launch a new tourist-friendly card which provides various services such as transportation, payments, tax refunds and identity verification at duty free shops, the company said, Wednesday.

Jul 24, 2024By Ko Dong-hwan
GS Retail bolsters tourist-friendly services with smart Trip Pass Card

Genesis forges partnership with Metropolitan Museum of Art

Genesis has forged a five-year partnership with the Metropolitan Museum of Art in New York, pledging to play a part in helping spread inspiration and vision by globally renowned artists, the luxury carmaker said Wednesday.

Jul 24, 2024By Lee Min-hyung
Genesis forges partnership with Metropolitan Museum of Art

Financial watchdog puts brakes on merger of Doosan Bobcat, Robotics

The Financial Supervisory Service (FSS) on Wednesday ordered Doosan to correct its prospectus on the business group’s controversial plan to merge its lucrative construction equipment unit, Doosan Bobcat, with its money-losing robotics affiliate, Doosan Robotics.

Jul 24, 2024By Park Jae-hyuk
Financial watchdog puts brakes on merger of Doosan Bobcat, Robotics

Competition heats up in compact EV market upon Stellantis' wager

Competitions are stoking among carmakers to gain the upper hand in the burgeoning domestic market for compact electric vehicles (EVs), with more import brands moving to offer drastic discounts for their latest vehicles, according to data and auto industry officials, Wednesday.

Jul 24, 2024By Lee Min-hyung
Competition heats up in compact EV market upon Stellantis' wager

Qoo10's Nasdaq ambitions falter amid mounting losses, seller exodus

Qoo10's goal to list its logistics subsidiary Qxpress on the Nasdaq has hit a wall as money-losing businesses by its Korean e-commerce subsidiaries are scaring off their sellers from their platform. Their market survival has become doubtful, according to the market experts Wednesday.

Jul 24, 2024By Ko Dong-hwan
Qoo10's Nasdaq ambitions falter amid mounting losses, seller exodus
  • Liquidity woes from TMON, WeMakePrice show signs of spreading to consumers

KB Financial Q2 net hits quarterly high on increased interest income

KB Financial Group on Tuesday reported its second-quarter net income soared 15.5 percent from a year earlier to reach its highest on a quarterly basis on the back of increased interest income, recovering from burdens related to compensation for a mishap in the sales of equity-linked securities.

Jul 23, 2024By Yonhap
KB Financial Q2 net hits quarterly high on increased interest income

AI chip startup Rebellions to receive $14.4 mil. investment from Saudi Aramco

Korea's artificial intelligence (AI) chipmaker Rebellions said Tuesday it has receive an investment of 20 billion won ($14.4 million) from Saudi Arabia's state-owned oil giant Aramco, a move expected to help the company break into the Middle Eastern AI chip market.

Jul 23, 2024By Yonhap
AI chip startup Rebellions to receive $14.4 mil. investment from Saudi Aramco

Samsung chief to fly to Paris to promote Galaxy smartphones

Samsung Electronics Executive Chairman Lee Jae-yong will travel to Paris to attend the upcoming Olympics to promote its flagship Galaxy smartphone series at the scene of the world's largest sporting event.

Jul 23, 2024By Lee Min-hyung
Samsung chief to fly to Paris to promote Galaxy smartphones
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