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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.

Samyang Foods' Buldak to return as official partner of Coachella Festival

Samyang Foods’ Buldak brand — known for its intensely spicy “fire chicken” ramen and sauces — will return as the official ramen and hot sauce partner of the 2026 Coachella Valley Music and Arts Festival, organizers said, marking its second consecutive year in the role and extending its distinction as the first Korean brand to secure an official partnership with one of the world’s largest music events. The festival runs April 10–12 and April 17–19 in Indio, California. This year’s program will center on the “Buldak Crawl,” a roaming festival experience that allows attendees to sample limited-edition dishes infused with the brand’s signature spicy flavors at multiple vendor locations across the festival grounds. Participating food partners will include Prince St. Pizza, Rokstar Chicken, Sumo Dog, Birrieria San Marcos and Sidekicks, each offering a distinct menu item built around Buldak’s signature spice. Offerings include a pizza slice with Buldak drizzle, tenders and honey butter fries with Buldak sauce, a Buldak Hotzilla Dog with Sumo Tots, a Buldak quesadilla a

Apr 10, 2026By Jhoo Dong-chan
Samyang Foods' Buldak to return as official partner of Coachella Festival

Financial watchdog orders Hanwha Solutions to submit revised share issue plan

Korea's financial regulator on Thursday ordered Hanwha Solutions to submit a revised filing over its plan to issue 2.4 trillion won ($1.6 billion) worth of shares, citing insufficient information. The Financial Supervisory Service said in a regulatory filing that the company's securities registration statement failed to meet formal requirements or contained unclear or missing information on key matters. As a result, the filing has not been accepted, and its effectiveness has been suspended. If Hanwha Solutions fails to submit a revised filing within three months, the registration will be deemed withdrawn. Hanwha Solutions, the energy solutions arm of chemicals-to-shipbuilding conglomerate Hanwha Group, said it will take the regulator's order seriously and prepare a revised filing that reflects feedback from shareholders and the media. The company announced the large-scale rights offering plan on March 26 to repay debt, drawing criticism over the decision-making process and the purpose of the capital increase. Hanwha Solutions said the move was necessary to improve its financial structure

Apr 9, 2026By Yonhap
Financial watchdog orders Hanwha Solutions to submit revised share issue plan

Hanwha Aerospace halts review of Poongsan's ammunition unit acquisition

Hanwha Aerospace, Korea's leading defense systems manufacturer, said Thursday it has halted its review of acquiring the ammunition business of Poongsan. In a regulatory filing, Hanwha Aerospace said it has been continuously exploring various business opportunities, including Poongsan's ammunition division, to strengthen its defense capabilities and enhance corporate value, but has decided to stop its review of acquiring Poongsan's business. The disclosure came after a local media last week suggested Hanwha was likely to acquire Poongsan's ammunition business as part of efforts to integrate its weapons and munitions operations. Poongsan is Korea's leading producer of copper alloy and ammunition.

Apr 9, 2026By Yonhap
Hanwha Aerospace halts review of Poongsan's ammunition unit acquisition

CJ CheilJedang, Binggrae among 145 firms to lead Korea's food exports

CJ CheilJedang and Binggrae have been selected for the government’s new food export initiative, "Global Next K-Food," along with 143 other companies, according to the Ministry of Agriculture, Food and Rural Affairs, Thursday. CJ CheilJedang, the food subsidiary of CJ Group, will share its global market network with small- and medium-sized breweries as part of a consortium aimed at jointly boosting exports of Korean liquor products. The move comes as the ministry begins restructuring the country’s food export channels by linking large companies with small- and medium-sized enterprises (SME) that lack global market access and networks. The collaboration will enable four wineries and breweries specializing in rice-based traditional liquors, including Danong Bio and Moonbaesool, to export their products to premium restaurants in North America through CJ’s existing distribution channels. Binggrae will help two food SMEs export their halal-certified products to Muslim markets across Southeast Asia. Leveraging popular K-food items such as rice cake stir-fried with red hot pepper paste, ba

Apr 9, 2026By Ko Dong-hwan
CJ CheilJedang, Binggrae among 145 firms to lead Korea's food exports

Kia to invest $33 bil. by 2030 to boost future mobility competitiveness

Kia, Korea's second-largest automaker, said Thursday it will invest 49 trillion won ($33 billion) in facilities and research and development (R&D) through 2030 to strengthen its position in future mobility. The planned investment for 2026-2030 represents an increase of 7 trillion won from the previous five-year plan, with 43 percent allocated to electrification, autonomous driving and robotics, the company said in a statement. Kia aims to expand its electric vehicle (EV) lineup from 11 models in 2026 to 14 by 2030, targeting global EV sales of 1 million units despite a prolonged industry slowdown. At the same time, the company will continue to broaden its internal combustion engine and hybrid electric vehicle (HEV) offerings to offset weak EV demand. HEVs include both conventional gasoline hybrids and plug-in hybrid models. Among upcoming models is an extended-range electric version of the Tasman pickup, built on a body-on-frame platform, which is scheduled for launch in the U.S. market in 2030. To meet future EV demand, Hyundai Motor Group — which includes Kia and its larger affiliate

Apr 9, 2026By Yonhap
Kia to invest $33 bil. by 2030 to boost future mobility competitiveness

Hanwha Aerospace signs MOU with Indra Group for Latin American defense cooperation

Hanwha Aerospace has signed a memorandum of understanding (MOU) with Spain’s Indra Group to jointly offer armored vehicle solutions for the Chilean Army and expand cooperation across Latin America. The signing ceremony was held during the FIDAE 2026 International Air and Space Fair in Santiago, Chile, on Wednesday (local time). Attendees included Kim Dong-hyeon, head of Hanwha Aerospace’s Land Systems Business Group; Domingo Castro Fernandez, Indra’s director of Defense and Security for the Americas; Maria Dolores Carrillo Aguilera, Indra’s business development director for Land Systems; and Kim Hak-jae, Korea’s ambassador to Chile. Under the agreement, the companies will jointly propose a combined solution for Chile’s next-generation armored vehicle program. Hanwha Aerospace will provide its Tigon armored vehicle platforms, while Indra will supply mission system equipment — including connectivity, situational awareness and command-and-control capabilities — and act as regional coordination lead. Beginning with Chile, the partners aim to expand cooperation in ground defen

Apr 9, 2026By Lee Min-hyung
Hanwha Aerospace signs MOU with Indra Group for Latin American defense cooperation

POSCO draws backlash over plan to directly hire subcontracted workers

Controversy is growing over POSCO’s plan to directly hire around 7,000 subcontracted workers performing manual labor at its plants in Pohang, North Gyeongsang Province, and Gwangyang, South Jeolla Province. While existing employees criticized the decision as unfair and voiced concerns that the company would cut welfare benefits to offset higher labor costs, subcontracted workers claimed they would continue to face wage discrimination even after being directly hired. “Management should not overlook our efforts to join the company or the value of each employee’s work,” the leader of POSCO’s regular workers’ union said after the company announced the plan Wednesday. “We will not accept any reduction in welfare benefits as the number of employees increases.” Some employees expressed frustration. “Hardworking staff have become discouraged and are considering leaving the company,” one employee wrote on Blind, an anonymous social media platform for verified workers. POSCO said the move is intended to halt the long-standing practice of outsourcing dangerous work and to conclude

Apr 9, 2026By Park Jae-hyuk
POSCO draws backlash over plan to directly hire subcontracted workers

LG CNS unveils next-gen AI ERP strategy with SAP

LG CNS said Thursday it is accelerating artificial intelligence (AI) transformation (AX) by integrating artificial intelligence into enterprise resource planning (ERP) systems in partnership with SAP. The company said it co-hosted the Business AI for ERP Summit in Seoul on Wednesday, where it unveiled a next-generation ERP transformation strategy based on SAP Business AI. About 200 participants from manufacturing, logistics, retail and telecommunications industries attended the event. SAP Business AI embeds AI into ERP systems that manage finance, procurement, production and supply chains, enabling automation of repetitive tasks and supporting data-driven decision-making. The technology allows AI to handle routine operations previously performed by employees and rapidly provide insights for management decisions. LG CNS said it is strengthening its technological capabilities through collaboration with SAP to gain an early foothold in the AI-based ERP market. Since last year, the company has trained specialists in cooperation with SAP’s Asia-Pacific unit and earlier this year launched a

Apr 9, 2026By Lee Gyu-lee
LG CNS unveils next-gen AI ERP strategy with SAP

HD Hyundai completes world’s 1st ammonia-fueled tankers

HD Hyundai Heavy Industries (HHI) said Thursday it has completed construction of two ammonia-fueled tankers for a Belgian ship operator, marking a milestone for eco-friendly shipping. The two liquefied gas tankers, named Antwerpen and Arlon after Belgian cities, were built for EXMAR LPG France, a subsidiary of Belgium-based floating solutions developer EXMAR. The vessels are part of four medium-sized ammonia-propelled gas carriers ordered in 2023 and 2024 and are scheduled for delivery in May and July. Each ship measures 190 meters in length, 30.4 meters in width and 18.8 meters in height, with a cargo capacity of 46,000 cubic meters. The dual-fuel vessels are equipped with three cargo tanks capable of carrying liquefied petroleum gas, ammonia and other liquefied gases. They also feature shaft generators and selective catalytic reduction systems to reduce carbon emissions, while ammonia gas detectors and purge recovery units enhance safety against potential leaks. The naming ceremony was held at the company’s shipyard in Ulsan, attended by around 70 officials, including Joo Won-ho, pr

Apr 9, 2026By Ko Dong-hwan
HD Hyundai completes world’s 1st ammonia-fueled tankers

LG Electronics targets Asia-Pacific growth with lifestyle products, subscription services

LG Electronics is stepping up its push into the Asia-Pacific region with a lineup of premium home appliances and AI-connected service offerings. The company is holding LG InnoFest 2026 APAC, which began Wednesday, in the southeastern port city of Busan over four days, bringing together key distributors and media from more than 20 countries across the Asia-Pacific region to showcase new products and business strategy. The event follows InnoFest editions held in the Middle East and Africa in February and Latin America in March, and marks the final leg of this year's global series. LG said holding the event in Korea was intended to give attendees direct exposure to the latest living trends that have gained international attention. The Asia-Pacific region, home to approximately 4.4 billion people, excluding the Middle East and Central Asia, represents the largest market in the Global South. LG said it allocated its largest exhibition space of this year's InnoFest series to the event, with displays designed around interior settings drawn from Korean TV shows as a vehicle for showcasing the co

Apr 9, 2026By Jhoo Dong-chan
LG Electronics targets Asia-Pacific growth with lifestyle products, subscription services
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