Business - The Korea Times

Korea files suit against int'l court order to compensate Mason Capital over Samsung merger

Korea has filed a suit to reverse an international tribunal's recent order to pay $32 million in compensation to U.S. hedge fund Mason Capital over a controversial 2015 merger of two Samsung affiliates, officials said Thursday.

Jul 11, 2024By Yonhap

Korea files suit against int'l court order to compensate Mason Capital over Samsung merger

LG employee surprised by unexpected attention to his donation pledge

An LG Electronics employee has become the talk of the town, as the number of subscribers to his personal YouTube channel has soared to over 10,000 within a week after he promised to donate 1,000 won ($0.7) per subscriber to neighbors in need.

Jul 11, 2024By Park Jae-hyuk

LG employee surprised by unexpected attention to his donation pledge

Jinju hot peppers spice up McDonald's new Taste of Korea menu

McDonald’s Korea has selected hot peppers grown in Jinju, South Gyeongsang Province, as the main ingredient for this year's Taste of Korea burger, according to the regional office of the global fast-food franchise, Wednesday.

Jul 11, 2024By Ko Dong-hwan

Jinju hot peppers spice up McDonald's new Taste of Korea menu

Korean game companies to join Europe's biggest game show next month

Major Korean game companies, including Nexon, Krafton and PearlAbyss, will join Europe's biggest annual game show next month, industry sources said Wednesday.

Jul 10, 2024By Yonhap

Korean game companies to join Europe's biggest game show next month

Korea Post seeks rebound in international mailing services with postal allies

Korea Post President Cho Hae-keun held a meeting for the international postal alliance, which is made up of 10 countries, Wednesday, to discuss ways to create a rebound in international postal Express Mail Services (EMS) between members, according to the state-run postal service provider.

Jul 10, 2024By Nam Hyun-woo

Korea Post seeks rebound in international mailing services with postal allies

Metal workers' strike disrupts production of cars, ships, steel

Around 60,000 members of the Korean Metal Workers’ Union (KMWU) under the Korean Confederation of Trade Unions (KCTU) went on an eight-hour strike, Wednesday, causing setbacks in the production of cars, ships and steel products at manufacturing plants across the country.

Jul 10, 2024By Park Jae-hyuk

Metal workers' strike disrupts production of cars, ships, steel

Woowa Brothers to hike commission to 9.8%

Woowa Brothers, the operator of the delivery app Baedal Minjok, colloquially know as Baemin, announced, Wednesday, that it will increase its commission rate that is charged to restaurants to 9.8 percent. Currently, the platform charges registered restaurants a commission of 6.8 percent per order.

Jul 10, 2024By Ko Dong-hwan

Woowa Brothers to hike commission to 9.8%

HD Hyundai Samho builds new quay wall

HD Hyundai Chairman Kwon Oh-gap, front row second from right, looks around a newly built quay wall at HD Hyundai Samho's shipyard in Yeongam, South Jeolla Province, Wednesday, along with participants in a ceremony for the completed construction of the facility. HD Hyundai said that the wider berthing structure, which is called "dolphin" in the shipbuilding industry, can maximize the construction of eco-friendly vessels. Courtesy of HD Hyundai

Jul 10, 2024By Park Jae-hyuk

Unionized workers at Samsung Electronics declare 'indefinite' strike

Unionized workers at Samsung Electronics, staging the biggest labor action in the technology giant's 55-year history, declared an "indefinite general strike" Wednesday, stepping up pressure over their demand for a pay raise.