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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 companies urged to revamp communication at work

SEOGWIPO, Jeju Island — Korean companies are being urged to overhaul their corporate culture, characterized by a reluctance to deliver negative reports to high-level executives, because that practice is causing delays in international litigation, according to John Quinn, co-founder of litigation firm Quinn Emanuel, Friday.

Jul 12, 2024By Lee Min-hyung
Korean companies urged to revamp communication at work

Hanwha, Doosan face backlash over governance restructuring plans

Investors are up in arms against Hanwha and Doosan, after the two business groups recently announced their plans to reorganize their corporate governance structures, according to industry officials, Friday.

Jul 12, 2024By Park Jae-hyuk
Hanwha, Doosan face backlash over governance restructuring plans

Samsung Electronics participates in US biotech company's investment

Samsung Electronics said Friday it has participated in a Series D investment round for the U.S. biotech company Element Biosciences, Inc. as a strategic investor, expecting to create synergy in the potential medical and digital health care sectors.

Jul 12, 2024By Yonhap
Samsung Electronics participates in US biotech company's investment

L&P Cosmetic eyes renewed IPO push: chairman

L&P Cosmetic, one of Korea's top beauty product manufacturers, will decide whether to revive its efforts for an initial public offering (IPO) around the end of 2025, nearly a decade after halting its previous plan due to the unexpected "China shock," which was sparked by the proposed deployment of an American anti-missile system in Korea, according to its Chairman Kwon Oh-sub.

Jul 12, 2024By Lee Min-hyung
L&P Cosmetic eyes renewed IPO push: chairman

Genesis showcases GV60 Magma at Goodwood Festival of Speed in UK

Genesis showcased its much-touted GV60 Magma concept vehicle at this year’s Goodwood Festival of Speed in the United Kingdom, signaling that production of the high-performance car will soon begin ahead of sales next year, the luxury carmaker said Thursday.

Jul 11, 2024By Lee Min-hyung
Genesis showcases GV60 Magma at Goodwood Festival of Speed in UK

Samsung bets $52.2 mil. on US bio venture capital Flagship Pioneering

Samsung C&T along with its two subsidiaries, Samsung Biologics and Samsung Bioepis, will invest 72 billion won ($52.2 million) into a U.S. fund, which invests in promising bioplatform companies, the Korean firm announced Thursday.

Jul 11, 2024By Nam Hyun-woo
Samsung bets $52.2 mil. on US bio venture capital Flagship Pioneering

LG to unveil latest EXAONE AI platform in August

SEOGWIPO, Jeju Island — LG Group is set to introduce the latest version of its hyper-scale artificial intelligence (AI) platform — EXAONE — in August, hoping to enhance efficiency and accuracy in research and business activities across the group's key affiliates, LG's AI chief said Thursday.

Jul 11, 2024By Lee Min-hyung
LG to unveil latest EXAONE AI platform in August

Korea to look into Japanese firm's alleged hoarding of seaweed

Japan’s Koasa Group is currently facing inquiries from the Korean government for allegedly stockpiling seaweed, which is thought to be causing significant price increases for one of Korea’s favorite side dishes, according to the Ministry of Oceans and Fisheries, Thursday.

Jul 11, 2024By Park Jae-hyuk
Korea to look into Japanese firm's alleged hoarding of seaweed

HD Hyundai becomes first Korean shipbuilder to sign MSRA with US Navy

HD Hyundai Heavy Industries (HHI) has become the first Korean shipbuilder to sign a master ship repair agreement (MSRA) with the U.S. Naval Supply Systems Command, the company said Thursday.

Jul 11, 2024By Park Jae-hyuk
HD Hyundai becomes first Korean shipbuilder to sign MSRA with US Navy

Domino's new Sonny pizza

Models hold up Domino's Pizza's upcoming K-Rib & Cheese Pizza, set for release Friday. According to the country's No.1 pizza maker, the new pizza pays tribute to its brand ambassador Son Heung-min, a star player for Tottenham Hotspur in the English Premier League, by featuring Sonny cube cheese, inspired by his iconic "camera" celebration. Courtesy of Domino's Pizza Korea

Jul 11, 2024By Ko Dong-hwan
Domino's new Sonny pizza
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