my timesThe Korea Times

Business

Tech & ScienceCompaniesBanking & FinanceMost respected CEOsAPEC 2025Others
  • Companies

    Fried chicken chain bhc expands US footprint with first Virginia restaurant

    Korean fried chicken giant bhc is planting its flag in one of the Washington metropolitan area’s busiest commercial hubs, anchoring its latest push into the United States with its first Virginia location. The chain, operated by Dining Brands Group, said Monday it opened its Arlington location in the Ballston neighborhood of Arlington County, marking its debut in Virginia as the company continues to broaden its North American presence. The restaurant is located near offices, residential complexes, shopping centers and recreational facilities, with convenient access to the Ballston-MU Metro station. The company said the area, which borders Washington across the Potomac River, attracts a steady mix of office workers, residents and visitors, making it a strategic location for growth. The approximately 169-square-meter restaurant offers full-service dining with 32 seats across 15 tables. Its menu has been tailored to local dining preferences, featuring wing- and tender-based combo meals, chicken sandwiches, Crispy Bun sandwiches, cheese balls and fries. Reflecting the popularity of dipping sa

    2 MIN READBy Lee Kyung-min
    Fried chicken chain bhc expands US footprint with first Virginia restaurant
  • Tech & Science

    Science ministry vows $650 bil. investment in AI data centers

    2 MIN READBy Yonhap
    Science ministry vows $650 bil. investment in AI data centers
  • Others

    Korea launches K-Chicken Belt to boost gastronomy tourism

    3 MIN READBy Ko Dong-hwan
    Korea launches K-Chicken Belt to boost gastronomy tourism
  • Companies

    Samsung, partner firms sign agreement for mutual growth

    2 MIN READBy Nam Hyun-woo
    Samsung, partner firms sign agreement for mutual growth
  • Companies

    CU in China: Why South Korean retail giant is adopting 'online first' strategy

    3 MIN READBy SCMP
    CU in China: Why South Korean retail giant is adopting 'online first' strategy
Korea Times
About Us
Introduction
History
Contact Us
Products & Services
Subscribe
E-paper
RSS Service
Content Sales
Site Map
Policy
Code of Ethics
Ombudsman
Privacy Policy
Youth Protection Policy
Terms of Service
Copyright Policy
Family Site
Hankookilbo
Dongwha Group
FacebookXYoutubeInstagram
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.

Read more

Companies

Hyundai Motor Group prioritizes stability, avoiding year-end reshuffle

Hyundai Motor Group is prioritizing continuity and stability over change, avoiding a year-end reshuffle of top management as it pursues steady business growth. The Korean carmaker has borne the brunt of a 25 percent auto tariff in the U.S. for almost half a year. Even after Korea and the U.S. agreed to reduce the figure to 15 percent, the carmaker is still on high alert, due to unpredictable trade policies from the Donald Trump administration. Late last year, Hyundai Motor appointed two top executives — CEO Jose Munoz and President Sung Kim. The decision was aimed at preemptively addressing mounting U.S. tariff risks, and was the first time that Hyundai Motor appointed a foreign CEO. As the carmaker consistently realigns its business strategy in response to ongoing changes in its largest export market, there is a broad expectation that Munoz's term will be extended, recognizing his skill in driving sales growth even in the face of the tariff shocks. His current term ends in March 2026. Hyundai Motor reported accumulated sales of 139.4 trillion won ($95.6 billion) in the first three qua

Nov 9, 2025By Lee Min-hyung
Hyundai Motor Group prioritizes stability, avoiding year-end reshuffle
Companies

PHOTO SK On’s music festival in Hungary

A team performs at the "Great Music Festival in Hungary" in Budapest, Saturday (local time). The music festival for people with developmental disabilities, sponsored by SK Innovation, was launched last year in the Central European country. SK On, the battery affiliate of SK Innovation, established its first European electric vehicle battery plant in Hungary in 2018. The company supports local talent development through school-based educational programs and engages with the community through volunteer initiatives, including donations and blood drives. Courtesy of SK On

Nov 9, 2025By Kang Seung-woo
[PHOTO] SK On’s music festival in Hungary
Companies

SK chair highlights operational improvement to lead in AI

SK Group Chairman Chey Tae-won has called for a back-to-basics approach to securing leadership in artificial intelligence (AI), building on the ongoing operational improvement efforts of the group’s affiliates. His remarks came at the closing ceremony of the annual CEO Seminar in Icheon, Gyeonggi Province, which brought together more than 60 CEOs and executives from SK affiliates. This year’s edition was held from Thursday to Saturday. “Operational improvement may sound complicated, but it ultimately means getting back to the basics,” Chey said in his closing remarks. “What matters is not simply creating good processes within a company or business, but continuously checking whether they actually work effectively.” Chey also warned that a company pursuing AI transformation without a solid foundation is bound to fail. “We need to review the processes we have followed over the past five to 10 years to avoid repeating past mistakes. Only when we excel in operational improvement can we build AI on top of it — and through this process, we will be able to resolve the challenges

Nov 9, 2025By Nam Hyun-woo
SK chair highlights operational improvement to lead in AI
Companies

Samsung's art frame TV makes Oprah Winfrey's 2025 holiday gift list

Samsung Electronics' art frame television, The Frame Pro, has been named one of U.S. media personality Oprah Winfrey's recommended winter holiday gifts as North America's biggest shopping season approaches, industry sources said Sunday. The South Korean home appliances maker's flagship art frame TV model was included on "Oprah's Favorite Things List" for 2025, published Wednesday (U.S. time) on Oprah Daily, a monthly magazine co-founded by Winfrey and Hearst, a lifestyle and design company, according to the sources. The Oprah list is an annual holiday gift guide curated by Winfrey, one of America's most influential cultural figures, and released ahead of the winter holiday shopping season. "Looks like art, works like a TV," this year's list said, referring to The Frame Pro. "We first picked the Frame TV in 2017, and the new Frame Pro is even slimmer, hanging nearly flush on the wall, and thanks to built-in artificial intelligence (AI), it can now translate dialogue in real time," it added. In 2017, Samsung first launched The Frame as a television designed to resemble artwork when turned o

Nov 9, 2025By Yonhap
Samsung's art frame TV makes Oprah Winfrey's 2025 holiday gift list
Companies

Nongshim to launch new kimchi-flavored Shin Ramyun after Netflix tie-up

Nongshim, the country's leading instant noodle maker, said Sunday it will launch a new kimchi-flavored Shin Ramyun product in global markets next month, building on strong consumer response to earlier versions featuring characters from the Netflix animated film "KPop Demon Hunters." The company plans to introduce a limited run of Shin Ramyun Kimchi Stir Fry in the domestic market on Nov. 24 through Emart discount stores before rolling it out initially in Australia and Taiwan. "With Shin Ramyun Kimchi Stir Fry, we are targeting 60 to 70 markets and considering an instant cup noodle version for global expansion," Shim Gou-chul, executive vice president of Nongshim's global marketing division, said in a press conference at the company's main production facility in Gumi, some 200 kilometers southeast of Seoul. The new product follows Shin Ramyun Toomba, which has sold about 60 million units worldwide since its debut in October. Nongshim hopes the kimchi-flavored variety will match that success, Shim said. Nongshim's global brand recognition has risen sharply, helped by two limited-edition ba

Nov 9, 2025By Yonhap
Nongshim to launch new kimchi-flavored Shin Ramyun after Netflix tie-up
Companies

Kumho Petrochemical strengthens environmental management to cut carbon emissions

Kumho Petrochemical is reinforcing its environmental management to better respond to climate change and achieve carbon neutrality by 2050. The company is introducing a range of initiatives, including the application of carbon capture, utilization and storage (CCUS) technologies to its energy business. It is also promoting recycling and waste-to-resource conversion programs to reduce greenhouse gas emissions. The firm’s key affiliates — including Kumho P&B Chemicals, Kumho Mitsui Chemicals and Kumho Polychem — are pursuing a shared goal of achieving carbon neutrality by 2050 through sustainable business practices. Kumho Petrochemical aims to minimize environmental pollution and improve resource efficiency. The company is expanding its participation in the global Zero Waste to Landfill certification program, which evaluates corporate efforts in resource circulation. Kumho Petrochemical is also moving to enhance eco-friendly monitoring at one of its plants in Yeosu, South Jeolla Province. The facility recently renewed its gold certification in the program by recycling combustion resid

Nov 9, 2025By Lee Min-hyung
Kumho Petrochemical strengthens environmental management to cut carbon emissions
Banking & Finance

Card firms on edge as young consumers shift to cardless payments

Kim, a 20-something office worker at a telecommunications company in Seoul, recently began using a payment service powered by facial recognition technology. She said that although the registration process was a bit lengthy, once completed, it was very convenient since she could make payments simply by showing her face, without needing a wallet or smartphone. “I was surprised by how fast it was. It was so quick that I even doubted whether the payment had actually gone through,” she said. The trend of making payments without physical cards is rapidly gaining momentum as younger consumers like Kim increasingly move away from traditional card payments, driven by the growing adoption of facial recognition systems such as Toss Face Pay and simple payment services like Kakao Pay. This shift has raised concerns within the credit card industry about losing younger customers, who are viewed as key drivers of future consumption. Data from the Financial Supervisory Service shows that the total card spending by eight major issuers — Shinhan, Samsung, Hyundai, KB Kookmin, Lotte, Hana, Woori and B

Nov 8, 2025By Jun Ji-hye
Card firms on edge as young consumers shift to cardless payments
Companies

Samsung chairman's top aide steps down from control tower role

Chung Hyun-ho, vice chairman of Samsung Electronics and widely known as the right-hand man to Executive Chairman Lee Jae-yong, has stepped down from his post as head of the conglomerate’s management control tower to focus on assisting Lee in a secretarial role, the company said Friday. His role has been taken over by President Park Hark-kyu, who had held senior management support roles across multiple divisions within Samsung Electronics. Samsung Electronics announced its executive reshuffle affecting its Business Support Task Force, a behind-the-scenes organization that has served as the de facto decision-making body supporting the chairman. Following the reshuffle, the task force, which has been upgraded into the Business Support Office, has become a permanent organization responsible for coordinating business between Samsung Electronics and its affiliates and supporting key decision-making processes. The task force was widely viewed as the successor to the Future Strategy Office, which had previously served as the control tower of Samsung Group, but was disbanded in 2017 in the wake

Nov 7, 2025By Nam Hyun-woo
Samsung chairman's top aide steps down from control tower role
Companies

SK hynix narrows market cap gap with top-ranked Samsung Electronics

The market capitalization gap between Samsung Electronics and SK hynix has narrowed to a record low, analysts said Friday, as investors reward SK hynix for its early dominance in high-bandwidth memory (HBM) chips, which are vital to AI computing. Shares of Samsung Electronics and SK hynix closed Friday at 97,900 won ($67.2) and 582,000 won, respectively, down 1.3 percent and 2.2 percent from the previous session. Both stocks have entered a correction phase amid renewed concerns about an AI bubble. Nevertheless, the semiconductor industry remains in a clear expansion cycle, with demand rising across the spectrum — from legacy chips to advanced HBM. Among the two, SK hynix has outperformed sharply. Over the past three months, Samsung Electronics' shares have gained 39 percent, while SK hynix has soared 122 percent. As of Friday, SK hynix’s market capitalization stood at 422.2 trillion won, roughly 73 percent of Samsung Electronics’ 580.7 trillion won — marking the narrowest gap on record. Samsung has maintained the No. 1 spot by market cap on Korea’s stock exchange since November

Nov 7, 2025By Lee Yeon-woo
SK hynix narrows market cap gap with top-ranked Samsung Electronics
Companies

'Korea will lead next wave in consumer goods with K-culture boom,' KOTRA CEO says

NEW JERSEY — Korea Trade-Investment Promotion Agency (KOTRA) CEO Kang Kyung-sung said Korea is entering a new phase of export-led growth, redefining its position in the global market by harnessing rising demand for consumer goods and the influence of K-culture. "Until now, Korea has been a powerhouse in manufacturing — excelling in this field more than any other country," the CEO said during a press conference for the Korea Brand & Entertainment Expo 2025 New York hosted by the state-run agency in New Jersey on Thursday (local time). "But now, I believe Korea has once again seized an opportunity in consumer goods." Kang said the country’s export performance is regaining momentum with growing export diversification and robust demand in consumer goods, raising optimism for a potential record-breaking year-end outlook in the sector. The country's consumer goods exports, which include agri-food products, cosmetics, household goods, fashion and pharmaceuticals, grew 6.6 percent from January to September from a year earlier, the CEO noted, adding that he expects the growth rate of consum

Nov 7, 2025By Lee Gyu-lee
'Korea will lead next wave in consumer goods with K-culture boom,' KOTRA CEO says
previous page
287288289290291
next page

Most Read in Business