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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.

Korean Air to order up to 50 wide-body aircraft from Boeing for estimated $22 bil.

Korean Air signed a memorandum of understanding (MOU) with Boeing in the U.K. on Monday (local time), marking a significant commitment to expand its fleet with the purchase of 20 Boeing 777-9 aircraft and 20 Boeing 787-10 Dreamliners, with an option to purchase 10 more of the largest variant of the 787 Dreamliner in the future, the airline said on Monday.

Jul 22, 2024By Park Jae-hyuk
Korean Air to order up to 50 wide-body aircraft from Boeing for estimated $22 bil.

Yoon could send special envoy to Czech Republic to follow up on nuclear plant talks

President Yoon Suk Yeol is considering sending a special envoy to the Czech Republic to follow up on discussions about Korean nuclear power plant exports, his office said Monday, after a Korean consortium was selected as a preferred bidder to build two nuclear reactors in the European country.

Jul 22, 2024By Yonhap
Yoon could send special envoy to Czech Republic to follow up on nuclear plant talks

Major conglomerates remain undecided on FKI membership dues

Korea's major conglomerates have yet to decide whether to pay membership fees to the Federation of Korean Industries (FKI) — once considered the nation's most influential business lobby, according to industry officials, Monday.

Jul 22, 2024By Lee Min-hyung
Major conglomerates remain undecided on FKI membership dues

Alibaba to launch platform exclusively for Korean products

Alibaba.com will launch a new business-to-business (B2B) online platform next month dedicated to Korean small and medium-sized companies (SMEs), aimed at supporting their businesses and boosting their sales to consumers around the world, its vice president and regional office head said, Monday.

Jul 22, 2024By Ko Dong-hwan
Alibaba to launch platform exclusively for Korean products

Will shares of Hyundai, Kia continue reeling amid heightened Trump risk?

Shares of Hyundai Motor and Kia took a serious beating in July as heightened external political risks —posed by the potential reelection of former U.S. President Donald Trump — continue to chill investor sentiment toward the two Korean carmakers, according to data and analysts, Monday.

Jul 22, 2024By Lee Min-hyung
Will shares of Hyundai, Kia continue reeling amid heightened Trump risk?
  • Korean chipmakers wary of possible US subsidy flip-flop

Labor union of Samsung Electronics holds rally ahead of talks

The striking labor union of Samsung Electronics held a rally on Monday, a day before resuming talks with the company to resolve the industrial action over a wage hike, union officials said.

Jul 22, 2024By Yonhap
Labor union of Samsung Electronics holds rally ahead of talks

Korean Air to introduce Boeing 787-10 passenger jet in Incheon-Narita route

Korea Air, Korea's leading air carrier, said Monday it has received its first 787-10 Dreamliner passenger jet from Boeing and will launch its inaugural flight this week.

Jul 22, 2024By Yonhap
Korean Air to introduce Boeing 787-10 passenger jet in Incheon-Narita route

Kakao founder attends arrest warrant hearing over alleged stock manipulation

Kim Beom-su, the founder of Kakao Corp., attended a court hearing Monday on an arrest warrant requested for him over alleged stock price manipulation related to the firm's takeover of K-pop powerhouse SM Entertainment last year.

Jul 22, 2024By Yonhap
Kakao founder attends arrest warrant hearing over alleged stock manipulation

Budget airlines beat full-service carriers in terms of int'l passengers in H1

The number of international passengers on domestic low-cost carriers (LCCs) surpassed that of full-service carriers, such as Korean Air and Asiana Airlines, as well as foreign airlines during the first half of the year, industry data showed Monday.

Jul 22, 2024By Yonhap
Budget airlines beat full-service carriers in terms of int'l passengers in H1

Samsung, SK, Hyundai, LG ramp up promotional campaigns for Paris Olympics

Samsung, SK, Hyundai Motor, and LG are set to enhance their advertising campaigns for the upcoming 2024 Paris Olympics, aiming to showcase their latest technological advancements at the world's largest sporting event.

Jul 22, 2024By Lee Min-hyung
Samsung, SK, Hyundai, LG ramp up promotional campaigns for Paris Olympics
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