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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.

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
HD Hyundai Samho builds new quay wall

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.

Jul 10, 2024By Yonhap
Unionized workers at Samsung Electronics declare 'indefinite' strike

Hanwha Systems to supply radar of Cheongung-II missile defense system to Saudi Arabia

Hanwha Systems, a Korean defense solutions company, said Tuesday that it has clinched a 1.2 trillion won ($868.2 million) deal to supply multi-function radar (MFR) for the Cheongung-II medium-range surface-to-air missile (M-SAM) system, which will be exported to Saudi Arabia.

Jul 9, 2024By Yonhap
Hanwha Systems to supply radar of Cheongung-II missile defense system to Saudi Arabia

Theborn Korea's profit soars while franchisees close down

Celebrity restaurateur Paik Jong-won's food franchise business, Theborn Korea, has seen a significant leap in sales.

Jul 9, 2024By Ko Dong-hwan
Theborn Korea's profit soars while franchisees close down

POSCO International completes LNG terminal construction

POSCO International CEO Lee Kye-in, center, pushes the button with participants at an event celebrating the completed construction of Korea's first privately-owned liquefied natural gas (LNG) terminal in Gwangyang, South Jeolla Province, Tuesday. The event followed the trading and energy firm's commencement of the 1.04 trillion won ($750 million) construction project in 2002 and the start of operations of the No. 1 storage tank in 2005. The company invested another 930 billion won to build a neighboring LNG terminal with two storage tanks by 2026 to enhance Korea's energy security. Courtesy of POSCO International

Jul 9, 2024By Park Jae-hyuk
POSCO International completes LNG terminal construction

Samsung, HMM clash in US over shipping rates

Samsung Electronics and HMM are engaged in an escalating legal dispute concerning Samsung's refusal to compensate the shipping company for freight transport services in the United States, according to documents from the U.S. federal and district courts, Tuesday.

Jul 9, 2024By Park Jae-hyuk
Samsung, HMM clash in US over shipping rates

GS Entec to invest $217 mil. in offshore wind turbine substructure business

GS Entec announced Tuesday that it will invest 300 billion won ($217 million) over the next two years to upgrade its plants that manufacture offshore wind turbine substructures.

Jul 9, 2024By Park Jae-hyuk
GS Entec to invest $217 mil. in offshore wind turbine substructure business

Strike at Samsung Electronics enters 2nd day

Thousands of unionized workers at Samsung Electronics halted work for a second day over a pay raise Tuesday, as part of their three-day strike that marked the biggest labor action in the technology giant's 55-year history.

Jul 9, 2024By Yonhap
Strike at Samsung Electronics enters 2nd day

Shein's first Seoul pop-up grabs attention of Korean fashion market

Shein’s first offline pop-up store in Korea, StyleInShein, has opened in Seoul’s trendy hotspot of Seongsu-dong, drawing attention from the country’s fashion industry, according to the Singapore-based global online fashion mall Monday.

Jul 9, 2024By Ko Dong-hwan
Shein's first Seoul pop-up grabs attention of Korean fashion market
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