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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.

LG Energy Solution to supply LFP batteries to Renault

LG Energy Solution secured a contract to supply lithium iron phosphate (LFP) batteries to French carmaker Renault, a sector where Chinese manufacturers have been dominant, becoming the first Korean battery cell maker to supply LFP batteries for electric vehicles (EVs), the battery maker said Tuesday.

Jul 2, 2024By Baek Byung-yeul
LG Energy Solution to supply LFP batteries to Renault

Korean trade association opens Dallas office

The nation's largest trade association opened a new office in the U.S. city of Dallas in Texas, Monday, to help more Korean firms make smooth inroads into the emerging hub for logistics and industrial development.

Jul 2, 2024By Lee Min-hyung
Korean trade association opens Dallas office

Massive LED media wall in Seoul

The Monte Gangnam, a large LED media advertisement wall set up on top of a building in southern Seoul, is seen in this photo released by Innocean, Tuesday. The Hyundai Motor Group's advertising unit launched the electronic display at the very center of Gangnam District to showcase not only conventional commercial content but also media art. Courtesy of Innocean

Jul 2, 2024By Lee Min-hyung
Massive LED media wall in Seoul

BMW's latest EVs shine at Busan mobility show

BMW Korea showcased its latest electric vehicles (EVs) at the Busan International Mobility Show 2024 to promote the brand to its fifth-largest global market, according to the global automotive giant’s regional office, Tuesday.

Jul 2, 2024By Ko Dong-hwan
BMW's latest EVs shine at Busan mobility show

POSCO Group aims for $145 billion market cap by 2030

POSCO Group Chairman Chang In-hwa, front row seventh from right, poses with employees during a town hall meeting at POSTECH in Pohang, North Gyeongsang Province, Monday. Chang told employees that the business group aims to increase the combined market cap of its affiliates to 200 trillion won ($145 billion) by 2030 from the current 70 trillion won, after doubling their revenues and quadrupling their operating profits. Courtesy of POSCO Holdings

Jul 2, 2024By Park Jae-hyuk
POSCO Group aims for $145 billion market cap by 2030

Unionized workers at Samsung Electronics say to stage 3-day full-scale strike

Unionized workers of Samsung Electronics said Monday they will stage a three-day general strike as their negotiations with the management over wages and working conditions fell through.

Jul 1, 2024
Unionized workers at Samsung Electronics say to stage 3-day full-scale strike

EU accuses Facebook owner Meta of breaking digital rules with paid ad-free option

European Union regulators accused social media company Meta Platforms on Monday of breaching the bloc's new digital competition rulebook by forcing Facebook and Instagram users to choose between seeing ads or paying to avoid them.

Jul 1, 2024By AP
EU accuses Facebook owner Meta of breaking digital rules with paid ad-free option

Data watchdog nears completion of probe into Chinese e-commerce giants, results imminent

South Korea's data protection watchdog is nearing the completion of its probe into the Chinese e-commerce firms AliExpress and Temu over consumer data protection and will likely take actions soon upon its results, its chief said Monday.

Jul 1, 2024By Yonhap
Data watchdog nears completion of probe into Chinese e-commerce giants, results imminent

Hyundai Motor's June sales down 6.3% on weak domestic demand

Hyundai Motor, Korea's biggest carmaker, said Monday its June sales dropped 6.3 percent from a year earlier due to a slowdown in domestic sales.

Jul 1, 2024By Yonhap
Hyundai Motor's June sales down 6.3% on weak domestic demand

Kia's June sales down 3.9% on fewer working days, plant conversion project

Kia, Korea's second-largest automaker by sales, said Monday its June sales fell 3.9 percent last month due to fewer working days and a production plant conversion project.

Jul 1, 2024By Yonhap
Kia's June sales down 3.9% on fewer working days, plant conversion project
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