Business - The Korea Times

Korean biz lobbies donate $1.05 mil. public foundation for forced labor compensation

Two Korean business lobbies have each donated 1.5 billion won ($1.05 million) to the public foundation responsible for compensating Korean victims of Japan's wartime forced labor, people familiar with the matter said Monday. The Korea Chamber of Commerce and Industry and the Federation of Korean Industries made the donations earlier this month to the Japanese Forced Mobilization Victims Support Foundation under the Ministry of the Interior and Safety, people with knowledge of the matter said. The foundation was created in 2014 under the government of former President Park Geun-hye to handle the payments and delayed interest in accordance with Korea's Supreme Court rulings that found Japanese companies were responsible for the compensation. Many Koreans were taken to toil in Japanese mines and factories during World War II, when Korea was under Japan's 1910-45 colonial rule. While Japanese firms refused to comply with the rulings, the Yoon Suk Yeol government announced a decision in March 2023 that it will compensate the victims on its own and without contributions from Japan, a move that

Apr 14, 2025By Yonhap

Korean biz lobbies donate $1.05 mil. public foundation for forced labor compensation

Saudi Expo win puts Korean firms in line for contracts

All-out efforts for Busan to host the World Expo 2030 could not bear fruit, but the result made it much easier for Korean companies to join NEOM and other mega-size projects led by Saudi Arabia, according to industry officials, Wednesday.

Nov 29, 2023By Park Jae-hyuk

Saudi Expo win puts Korean firms in line for contracts

Hyundai Motor chief promotes Busan's bid to host World Expo 2030

Hyundai Motor Group Executive Chair Chung Euisun appeals for support for Busan's bid to host the World Expo 2030 to delegates representing member nations of the Bureau International des Expositions (BIE) during a banquet at a hotel in Paris, Thursday (local time). During the event, which was attended by President Yoon Suk Yeol, Chung said, “Following Korea's advancements in science and technology, K-pop and K-food, Busan is gaining international recognition. Regardless of the outcome on the 28th, Korea will keep its promises to other countries.” On Nov. 28, the BIE member states will vote to select the host city for the 2030 event. Joint Press Corps

Nov 24, 2023By Baek Byung-yeul

Hyundai Motor chief promotes Busan's bid to host World Expo 2030

Samsung campaigns for Busan's Expo bid in Europe

An LED screen in London displays a Samsung Electronics promotional video promoting Busan’s bid to host the World Expo 2030. Samsung said Friday that it is promoting the Korean city’s bid to host the global event in major European cities such as London and Madrid ahead of the Nov. 28 Bureau International des Expositions vote. Courtesy of Samsung Electronics

Nov 24, 2023By Baek Byung-yeul

Samsung campaigns for Busan's Expo bid in Europe

Top conglomerates continue global efforts for Busan’s World Expo bid

Korea’s largest conglomerates and their leaders vowed to continue their international efforts until the final moment, for Busan to be chosen as the host city of the World Expo 2030 by the Bureau International des Expositions (BIE) members in Paris on Nov. 28 (local time).

Nov 24, 2023By Park Jae-hyuk

Top conglomerates continue global efforts for Busan’s World Expo bid

Yoon meets BIE members individually in push for Busan's Expo bid

Human rights groups urge BIE members to vote against Saudi Arabia for World Expo 2030

A group of 15 human rights organizations are urging member states of the World Expo supervising body to vote against Saudi Arabia in the country’s ongoing bid to host the upcoming fair in 2030, citing its human rights abuses and violations of freedom of speech.

Nov 23, 2023By Lee Min-hyung

Human rights groups urge BIE members to vote against Saudi Arabia for World Expo 2030

Samsung promotes Busan's Expo bid in London

Black cab taxis wrapped with promotional messaging read “World Expo 2030 Busan Korea,” in London. Samsung Electrnonics said Wednesday that it will utilize black cabs to promote Busan’s bid to host the World Expo in 2030 until Nov. 28, the day that the host city for the global event will be decided. Courtesy of Samsung Electronics

Nov 22, 2023By Baek Byung-yeul

Samsung promotes Busan's Expo bid in London

Korea seeks support for World Expo bid in APEC ministerial meeting

Korea's foreign minister has sought support for the country's bid to host the World Expo 2030 in the latest diplomatic push, just two weeks ahead of the announcement of a winner.

Nov 15, 2023

Korea seeks support for World Expo bid in APEC ministerial meeting

Korea to make final pitch for hosting World Expo 2030

Korea will make a final pitch for the country's bid for hosting the World Expo 2030 in the southeastern city of Busan, two weeks before the crucial vote, with President Yoon Suk Yeol and Prime Minister Han Duck-soo set to travel to Paris in the coming weeks to bolster the campaign.

Nov 12, 2023

Korea to make final pitch for hosting World Expo 2030

5 foreign firms pledge $940 million in investments in Korea

BUSAN — Five foreign companies from the U.S., Japan, France, Spain and Thailand have agreed to invest a combined $940 million in Korea’s advanced technology sectors, the industry ministry said Tuesday.

Nov 7, 2023By Park Jae-hyuk

Others