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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.

Samsung’s Harman invests $151 mil. for self-driving tech in Hungary

Automobile electronics company Harman International, a subsidiary of Samsung Electronics, will invest 131 million euros ($151 million) in its research and manufacturing bases in Hungary for self-driving technology development. According to the Hungarian Investment Promotion Agency on Friday, Harman’s investment will partly go to the development of software and hardware for autonomous driving functions at its main research and development center in Budapest. In Szekesfehervar, the company will conduct research and development on autonomous systems and information management solutions. The company will also increase productivity at its manufacturing bases in Szekesfehervar and Pecs by advancing manufacturing capabilities with automation and digitization. Harman’s investment comes as global automobile makers including Mercedes-Benz are increasingly gearing toward self-driving cars and software-defined cars. While doing so, automakers are expanding collaboration with electronics and electric system developers to introduce integrated systems for advanced vehicles. Industry officials say th

Mar 27, 2026By Ko Dong-hwan
Samsung’s Harman invests $151 mil. for self-driving tech in Hungary

HD Construction Equipment's Australia sales up 56% this year

HD Construction Equipment is enjoying solid sales in Australia. The construction equipment developer subsidiary of HD Hyundai Group said Friday its sales in Australia in January to February increased 56 percent from the previous year. Last year the company sold 439 construction equipment in the country. With rising demands and more invested marketing efforts by the firm, the figure is anticipated to reach 1,000 this year. The company’s main focus is small-size equipment. The products account for half of the company’s sales across its global markets. It said it will boost the product group for the Australian market by further diversifying mini excavator lineup and introducing a compact track loader and bulldozer. Australia is one of HD Construction Equipment’s key global markets, generating demands of approximately 25,000 construction equipment per year on average. State-run infrastructure construction projects involving roads, railways and energy development as well as earth mineral excavation for ironstone and lithium keep fueling demands for construction equipment. Citing market a

Mar 27, 2026By Ko Dong-hwan
HD Construction Equipment's Australia sales up 56% this year

PHOTO 2nd anniversary of Hyosung honorary chairman's death

Hyosung officials pay respect at a memorial altar for late Honorary Chairman Cho Seok-rae during a ceremony marking his second death anniversary at the group's headquarters in Mapo District, Seoul, Friday. The memorial service was attended by Hyosung officials and family members including Hyosung Chairman Cho Hyun-joon and HS Hyosung Vice Chairman Cho Hyun-sang. Cho died on March 29, 2024, at the age of 89. Courtesy of Hyosung

Mar 27, 2026By Nam Hyun-woophoto
[PHOTO] 2nd anniversary of Hyosung honorary chairman's death

Landing International to deliver K-beauty to US forces worldwide

Korean cosmetic product distributor Landing International has landed a deal with a major retail distributor dedicated to the United States Armed Forces to offer K-beauty to military service members and their families worldwide. Landing International said Thursday it will exclusively distribute selected Korean cosmetic brands to Military Prestige Marketing, a New York-based reseller serving the U.S. military retail market with a focus on beauty, fragrance, haircare and fashion. Landing International said the global market for the U.S. forces has over 10 million consumers worldwide and sees overall sales of $15 billion per year on average. The consumers mostly have high loyalty for their favorite brands and show strong interests in beauty products, according to the firm. It added consumers across retail markets dedicated to the U.S. military service members shop more than four times a month on average. “The market has a strong potential across various beauty categories like skincare, haircare, fragrance and color makeup,” Landing International said in a press release. Landing Internatio

Mar 27, 2026By Ko Dong-hwan
Landing International to deliver K-beauty to US forces worldwide

POSCO donates tactile exhibit to National Museum of Korea

The POSCO 1% Foundation has donated a PosArt-based tactile exhibit to the National Museum of Korea to help visitors with visual impairments and other disabilities better enjoy exhibitions, POSCO Group said Friday. PosArt is the steelmaker’s premium color steel plate that applies high-resolution inkjet printing technology on special steel materials. By layering ink through advanced three-dimensional deposition, it achieves more than four times the image clarity of conventional color-coated steel plates. Among the three types of PosArt-based installations donated is a tactile table that allows visitors to experience major calligraphic works through touch. The table includes braille descriptions placed at accessible heights for visitors with disabilities, while three-dimensional tactile panels reproduce the subtle brush movements of master artists. The feature also allows those without disabilities to explore the aesthetic beauty of traditional art through an expanded, multisensory experience. The other installations include a large scenic wall at the entrance of the reopened Calligraphy a

Mar 27, 2026By Park Jae-hyuk
POSCO donates tactile exhibit to National Museum of Korea

InterviewDavich Optical CEO eyes health care as future driver

Davich Optical is bolstering its market position as optical health care provider, extending businesses from retail distribution of glasses and lens to tech-based health care services including smart glasses. CEO Jacob Kim has since last month broadened the company’s scope by signing two notable memorandums of understanding (MOUs) with specialist firms. One is a major Korean home electronic appliance developer focused on wellness lifestyle; the other is an Israeli smart glasses developer. The back-to-back deals, signed last month and this month, are still in their inception phases but point to the scope of the company’s ventures. On Feb. 9, Kim inked a deal with Ceragem, agreeing to jointly develop health care services in conjunction with Davich’s nationwide offline retailer network and Ceragem’s health care technologies. Their objectives include introducing offline customer spaces for wellness services, marketing cooperation, developing next-generation health care services and solutions, and developing new innovation and growth engines. Ceragem’s cafe franchise business, Well C

Mar 27, 2026By Ko Dong-hwan
Davich Optical CEO eyes health care as future driver

Hanwha Solutions to raise $1.6 bil. via stock sale

Hanwha Solutions Corp., the energy solutions arm of Hanwha Group, on Thursday announced that it will sell stock to raise 2.39 trillion won ($1.6 billion). The proceeds from the stock offering will be used primarily to pay off its debts. According to a regulatory filing, the company will issue 72 million common shares at a price of 33,300 won per share. The stock will be sold to the firm's shareholders.

Mar 26, 2026By Yonhap
Hanwha Solutions to raise $1.6 bil. via stock sale

Gov’t affirms tariffs on Chinese, Japanese industrial robots

The Korea Trade Commission (KTC) has decided to recommend the imposition of duties on industrial robots imported from Japan and China to battle oversaturation, concluding that unfair pricing practices have caused serious harm to the domestic industry. At its plenary session on Thursday, the commission reached a final affirmative ruling recommending duties of 17.45 percent to 18.64 percent on Japanese products and 15.96 percent to 19.85 percent on Chinese imports. The recommendations followed an investigation launched in March last year at the request of HD Hyundai Robotics, covering Japan’s Fanuc and Yaskawa Electric Corp. and the Chinese branches of three companies: Kuka Robotics, Kawasaki Heavy Industries and ABB Engineering. The review included overseas site inspections and visits to local customer industries. Based on the findings, the commission voted to approve a proposal to levy tariffs to mitigate the oversaturation of industrial robots. Since November last year, provisional duties ranging from 21.17 percent to 43.6 percent have been in place on the affected products. The measu

Mar 26, 2026By Lee Gyu-lee
Gov’t affirms tariffs on Chinese, Japanese industrial robots

NCSOFT rebrands as NC in corporate name change

NCSOFT said Thursday it has officially changed its corporate name to NC, marking a key step in its broader brand renewal drive. The decision was approved at a shareholders meeting held in Seongnam, the company said. The firm has been preparing for the name change since 2020 as it seeks to expand its business portfolio beyond its core gaming operations. NC currently operates several affiliates, including NC AI, NC QA and NC IDS, along with overseas units such as NC America and NC Japan.

Mar 26, 2026By Nam Hyun-woo
NCSOFT rebrands as NC in corporate name change

LG chairman stresses swift execution in AI transformation

LG Group Chairman and LG Corp. CEO Koo Kwang-mo stressed the value of swift execution in the group’s artificial intelligence (AI) transformation efforts during a meeting with CEOs and top executives of LG affiliates. LG Corp. said Thursday that Koo presided over a meeting of top executives involving more than 40 presidents of LG affiliates at LG Leadership Center in Jung District, Seoul, a day earlier. The meeting was aimed at exploring strategies to build solid fundamentals for the future that can withstand external uncertainties, including rising geopolitical risks and the reorganization of global supply chains. At the meeting, participants agreed on the need for structural innovation to overcome challenges stemming from unpredictable market conditions, saying AI transformation is at the core of future competitiveness and that swift execution will be key to realizing it. “AI is more than a simple tool to improve efficiency and productivity,” Koo said, comparing it to the invention of the internet. He added that the rise of AI requires LG Group to undergo fundamental changes to p

Mar 26, 2026By Nam Hyun-woo
LG chairman stresses swift execution in AI transformation
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