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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.

Newly-launched HS Hyosung vows to pursue value creation

HS Hyosung, a newly launched holding company of Hyosung Group, has set its goal to create value for all stakeholders, according to the group Sunday.

Jun 30, 2024By Baek Byung-yeul
Newly-launched HS Hyosung vows to pursue value creation

SK to invest $58 bil. in AI, chips by 2026

SK Group plans to secure 80 trillion won ($58 billion) by 2026 to invest in AI and semiconductors, driven by the anticipated explosive global growth of the AI sector, Korea's second-largest business group said Sunday.

Jun 30, 2024By Baek Byung-yeul
SK to invest $58 bil. in AI, chips by 2026

Renault Korea chief displays confidence in success of Grand Koleos SUV

BUSAN — Renault Korea CEO Stephane Deblaise expressed confidence in achieving a sales rebound with the firm’s strategic premium SUV, the Grand Koleos, highlighting its distinctive driving performance and advanced infotainment systems, he said during an interview with reporters, Thursday.

Jun 30, 2024By Lee Min-hyung
Renault Korea chief displays confidence in success of Grand Koleos SUV

Hyundai Glovis targets $29 billion in revenues by 2030

Hyundai Glovis seeks to increase annual sales to over 40 trillion won ($29 billion) by 2030 from the current 26 trillion won and raise its operating profit to 3 trillion won from 1.6 trillion won, the company said Friday.

Jun 28, 2024By Park Jae-hyuk
Hyundai Glovis targets $29 billion in revenues by 2030

Naver, Nvidia discuss 'sovereign AI'

Top executives from Naver and Nvidia emphasized the importance of securing “sovereign artificial intelligence (AI)” and pledged to enhance collaboration in AI projects, Korea’s leading internet portal operator said Friday.

Jun 28, 2024By Lee Min-hyung
Naver, Nvidia discuss 'sovereign AI'

Hyundai Motor, union agree on hiring of 1,100 new plant workers by 2026

Hyundai Motor and its labor union on Friday reached an agreement to hire 1,100 new manufacturing workers by 2026.

Jun 28, 2024By Yonhap
Hyundai Motor, union agree on hiring of 1,100 new plant workers by 2026

More Korean company executives asked to work six days a week

A six-day workweek has returned to Korea nearly two decades after workers here began to take the entire weekend off, as more companies have ordered their executives to come to the office on Saturdays to discuss strategies to overcome the recession, according to industry officials, Friday.

Jun 28, 2024By Park Jae-hyuk
More Korean company executives asked to work six days a week

LGES halts construction of US ESS battery line after slowdown in EVs

LG Energy Solution (LGES), Korea's leading battery maker, said Friday it has suspended the construction of a battery production line for energy storage systems (ESS) in its Arizona plant.

Jun 28, 2024By Yonhap
LGES halts construction of US ESS battery line after slowdown in EVs

Naver's Webtoon Entertainment shares close nearly 10% higher on Nasdaq debut

Online comics company Webtoon Entertainment, owned by South Korea's top internet platform Naver, advanced nearly 10 percent in its first trading session on Wall Street on Thursday, putting its corporate value at $2.92 billion.

Jun 28, 2024By Yonhap
Naver's Webtoon Entertainment shares close nearly 10% higher on Nasdaq debut
  • Will Naver Webtoon become 'Asia's Disney' via Nasdaq listing?

HotelsCombined fined around $80,000 for data breach involving more than 1,200 customers

The Personal Information Protection Commission (PIPC) fined HotelsCombined, a Sydney-based hotel search engine, 110 million won ($79,167) on Thursday for breaching the personal data of more than 1,200 Korean customers.

Jun 27, 2024By Yonhap
HotelsCombined fined around $80,000 for data breach involving more than 1,200 customers
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