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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.

Hyundai Motor, Kia to undergo portfolio restructuring amid possible Trump return

Hyundai Motor and Kia will speed up their ongoing portfolio restructuring to focus more on hybrid cars, as former U.S. President Donald Trump displays a strong anti-electric vehicle (EV) stance amid a growing likelihood of him winning another term as president for the world’s largest economy, according to analysts, Sunday.

Jul 21, 2024By Lee Min-hyung
Hyundai Motor, Kia to undergo portfolio restructuring amid possible Trump return

Samsung Electronics, union to resume wage talks Tuesday

Samsung Electronics’ labor and management will resume wage talks at its semiconductor plant in Yongin, Gyeonggi Province, Tuesday, 15 days after the National Samsung Electronics Union (NSEU) went on its first-ever strike in the tech giant's 55-year history to disrupt production, according to industry officials, Sunday.

Jul 21, 2024By Park Jae-hyuk
Samsung Electronics, union to resume wage talks Tuesday

Hyundai, Kia likely to post operating profit of $5.7 bil. in Q2: survey

Hyundai Motor and its smaller affiliate Kia are set to post an operating profit exceeding 8 trillion won ($5.7 billion) in the second quarter on improved product mix and production adjustments, a domestic survey showed Sunday.

Jul 21, 2024By Yonhap
Hyundai, Kia likely to post operating profit of $5.7 bil. in Q2: survey

Lotte head stresses innovation in existing biz amid slowing transition to new growth

Lotte Group Chairman Shin Dong-bin underscored the importance of innovation in the group’s existing businesses during a meeting of CEOs of the group’s affiliates, Friday, amid a slowdown in the conglomerate’s efforts to transform its business portfolio to be more future-oriented.

Jul 19, 2024By Nam Hyun-woo
Lotte head stresses innovation in existing biz amid slowing transition to new growth

Some budget airlines, online games in Korea affected by IT outage: sources

Some low-cost airlines and game companies in Korea saw problems with booking or experienced interruptions in their servers Friday, industry sources said, in an apparent IT disruption that affected the global airline and financial sectors.

Jul 19, 2024By Yonhap
Some budget airlines, online games in Korea affected by IT outage: sources
  • Global cyber outage grounds flights, hits banks, telecommunications, media
  • What caused global cyber outage?

Doubts grow over Doosan's Bobcat merger with smaller robotics unit

Doosan Group is facing growing doubts over its decision to merge Doosan Bobcat, its lucrative construction equipment unit, into its smaller robotics unit, Doosan Robotics.

Jul 19, 2024By Nam Hyun-woo
Doubts grow over Doosan's Bobcat merger with smaller robotics unit
  • Doosan Enerbility's Bobcat spin-off plan faces growing opposition

Samsung Electronics, striking labor union resume talks

Samsung Electronics and its largest labor union resumed talks Friday for the first time since the union went on a strike last week over a wage hike, a source close to the matter said.

Jul 19, 2024By Yonhap
Samsung Electronics, striking labor union resume talks

GS chief urges executives to find new business opportunities amid economic slowdown

GS Group should find fresh business opportunities by boosting investment and engaging in aggressive mergers and acquisitions (M&As) during this period of economic slowdown, the head of the conglomerate told its executives Wednesday.

Jul 18, 2024By Lee Min-hyung
GS chief urges executives to find new business opportunities amid economic slowdown

Czech order opens gates for more Korean nuclear plant exports to Europe

Korea’s landmark success in securing a major nuclear power project in the Czech Republic will pave the way for Asia’s fourth-largest economy’s to attract more reactor orders from other European countries, according to the Ministry of Trade, Industry and Energy, Thursday.

Jul 18, 2024By Lee Min-hyung
Czech order opens gates for more Korean nuclear plant exports to Europe

Maeil Dairies CEO sees opportunities amid challenges posed by nation's low birthrate

SEOGWIPO, Jeju Island — Korea, which has the world's lowest birthrate, faces major challenges for its dairy industry. However, the country's aging population is also creating new opportunities, according to the first female CEO in the nation’s dairy industry, Thursday.

Jul 18, 2024By Park Jae-hyuk
Maeil Dairies CEO sees opportunities amid challenges posed by nation's low birthrate
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