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    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
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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.

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Banking & Finance

Interview‘Korea is our top overweight market': J.P. Morgan strategist

Korea has been and will continue to be the top overweight market in Asia, underpinned by a substantial removal of governance-related discount, enhanced corporate restructuring and financial strengthening within Korean companies, according to an Asia equity strategist at J.P. Morgan. The country’s benchmark KOSPI index could reach 6,000 points in a bull market scenario over the next 12 months, a rosier revision from the previous scenario in October when its bull scenario had it at 5,000 points, J.P. Morgan Asia Equity Strategist Mixo Das said in an interview with The Korea Times on Wednesday. Korea’s two world-class semiconductor manufacturers SK hynix and Samsung Electronics are still among the firm's top picks. The SK affiliate’s overvaluation concerns have been largely dispelled, since it is still very cheap on a price to earnings basis, underpinned further by robust demands for inference artificial intelligence (AI). “Korea is our top overweight market in the region and has been since we upgraded it in June. This continues to be the case,” Das said. “We noted that heading

Nov 7, 2025By Lee Kyung-min
‘Korea is our top overweight market': J.P. Morgan strategist
Companies

Smilegate named Asian ‘Social Innovator’ by The Economist

Game developer Smilegate said Friday that its Hope Studio foundation was named a “Social Innovator” by The Economist for its “Business of Doing Good in Asia” report, the only Korean organization recognized by the British news journal in this year's list. The report, the second one published by The Economist to highlight Asian businesses’ corporate social responsibility (CSR) activities, recognizes companies deploying resources to generate long-term public benefit as part of their survival, legitimacy and business strategies. Along with Smilegate, 12 companies and foundations were recognized. They include Tata Group of India, Ant Group of China, Microsoft Philanthropies representing the U.S. and Asian region, Ayala Corporation of the Philippines and Saraya of Japan. The report selected Smilegate as one of Asia’s leading examples of expanding the scope and impact of corporate philanthropy by combining its resources, expertise and networks. It highlighted the company for its unique approach of “gamifying giving,” which made “donating more engaging as users can rise up thr

Nov 7, 2025By Nam Hyun-woo
Smilegate named Asian ‘Social Innovator’ by The Economist
Tech & Science

Korea’s 1st commercial space vehicle set to launch Nov. 22 in Brazil

The HANBIT-Nano, Korea’s first commercial space launch vehicle developed by Innospace, will launch at 3 p.m. on Nov. 22 in Brazil (local time), the company said Friday. The launch date was set after the Korea AeroSpace Administration consulted with the Brazilian Air Force on weather conditions, integration procedures between the launch vehicle and satellite, launch safety controls and the local operation schedule. Depending on the weather conditions, the launch date and time are subject to change, the company said. Part of Innospace's SPACEWARD mission, the HANBIT-Nano will be Korea’s first commercial space launch vehicle capable of deploying client satellites and other payloads into low earth orbit at an altitude of 300 kilometers. Having secured contracts with five clients from Brazil, India and Korea, the HANBIT-Nano will carry eight payloads and one commemorative branded payload. The HANBIT-Nano is a two-stage space launch vehicle measuring 21.8 meters in height and 1.4 meters in diameter. It is equipped with a 25-ton-thrust hybrid rocket engine for the first stage, and a 3-ton-

Nov 7, 2025By Nam Hyun-woo
Korea’s 1st commercial space vehicle set to launch Nov. 22 in Brazil
Companies

Dunamu to comply with W35.2 bil. fine over customer verification violation

Dunamu, the operator of the country’s largest cryptocurrency exchange Upbit, said Friday that it has strengthened its monitoring system to protect investor rights after Korea's financial watchdog announced its decision to fine it 35.2 billion won ($24.3 million) for allegedly violating customer identification obligations. It is the largest fine ever imposed on a domestic cryptocurrency exchange. Local media outlets had initially reported that Dunamu rejected the fine and was planning to file a lawsuit against the decision. However, a company official confirmed to The Korea Times that it is working on countermeasures in response to the decision from the Financial Intelligence Unit (FIU), adding Dunamu has also already taken the necessary steps to avoid a recurrence. The FIU announced Thursday that Dunamu allegedly did not fully comply with the “Travel Rule” in about 5.3 million cases and violated transaction restriction obligations in about 3.3 million cases while failing to report 15 suspicious transactions. The Travel Rule requires cryptocurrency exchanges to report transactions e

Nov 7, 2025By Jhoo Dong-chan
Dunamu to comply with W35.2 bil. fine over customer verification violation
Companies

Interview Perrier-Jouet cellar master invites gourmets to explore pairing of K-food, champagne

Severine Frerson, cellar master of Perrier-Jouet, believes the diverse textures and spices of Korean cuisine make an excellent match for champagne, inviting gourmets in Korea and beyond to discover the harmony between the champagne house’s legacy and globally celebrated Korean cuisine. “Korea is an emerging gourmet nation where we can imagine many creative pairings between Korean dishes and champagne,” Frerson said during an interview with The Korea Times in Seoul. “I was impressed by the tenderness of hanwoo and the variety of side dishes that accompany it. The soft texture of the meat and the layers of flavor from the sauces and marinades create a beautiful contrast, and I thought this would pair wonderfully with rose champagne.” Hanwoo refers to Korean beef. A cellar master is the chief winemaker of a champagne house, overseeing blending, aging and the creation of its signature style. Frerson is the first woman to hold the position since Perrier-Jouet’s foundation in 1811. Frerson visited Seoul on the occasion of the Perrier-Jouet Society event on Oct. 27, a global gastron

Nov 7, 2025By Nam Hyun-woo
[INTERVIEW] Perrier-Jouet cellar master invites gourmets to explore pairing of K-food, champagne
Tech & Science

Kakao satisfied about increased usage time despite complaints

Kakao CEO Chung Shin-a said Friday the company’s flagship mobile messenger KakaoTalk showed nearly a 10 percent increase in users’ average app usage time after a Sept. 23 update that sparked nationwide complaints, describing the change as “a positive shift” in the app’s traffic quality. During the company’s earnings call for the third quarter, Chung said the company confirmed rebounds in major indicators after the update, with the average daily usage time for KakaoTalk increasing from the third-quarter average of 24 minutes to nearly 26 minutes after the update. “We believe it is meaningful that the usage time has begun to show signs of rebound from its steady downtrend,” Chung said. “Even during the exceptional circumstances of the COVID-19 pandemic, the average daily usage time per user increased by only about 10 seconds, so we believe that increasing the usage time on a messenger platform is a highly challenging task.” On Sept. 23, the company launched a sweeping update to the interface of the country’s largest messaging app, replacing a list-style format for th

Nov 7, 2025By Nam Hyun-woo
Kakao satisfied about increased usage time despite complaints
Companies

Samsung Heavy wins $200 mil. deal for 2 crude oil carriers from N. America

Samsung Heavy Industries said Friday it has won an order worth 290.1 billion won ($199.4 million) to build two crude oil carriers for a client in North America. Under the deal, the vessels will be sequentially delivered to the undisclosed client by January 2029, the company said. With the latest deal, Samsung Heavy has achieved 83 percent of its $5.8 billion annual order target for commercial ships. So far this year, Samsung Heavy has won contracts for 32 vessels, including seven liquefied natural gas (LNG) carriers, nine shuttle tankers and 11 crude oil carriers. "Replacement demand for aging crude carriers is expected to continue," a company official said. "We will flexibly respond to changing market conditions through a cooperative production system with domestic and overseas shipyards."

Nov 7, 2025By Yonhap
Samsung Heavy wins $200 mil. deal for 2 crude oil carriers from N. America
Tech & Science

Average spam texts received by users down 74% in first half of the year amid gov't crackdown

The average number of spam text messages received by mobile users in South Korea fell significantly in the first half of 2025 from a year earlier, data showed Friday, as part of the government's broader efforts to curb illegal messaging activities. According to the data compiled by the Korea Media and Communications Commission, South Koreans received an average of three spam messages per month during the January-June period, sharply down from 11 in the same period of 2024. The study, carried out jointly with the Korea Internet & Security Agency, was based on mobile messages and calls received by 3,000 mobile phone users aged 12 to 69. The total number of spam messages and calls reported or detected came to 319.3 million, down 85 percent over the period, the report added. In November last year, the government unveiled a comprehensive plan to root out spam messages, including imposing fines on mobile carriers that fail to prevent illegal messaging activities.

Nov 7, 2025By Yonhap
Average spam texts received by users down 74% in first half of the year amid gov't crackdown
Companies

Head of Kkanbu Chicken in spotlight following Nvidia chief’s visit

Kim Seung-il, founder and CEO of Kkanbu Chicken, is in the spotlight after Nvidia CEO Jensen Huang had an attention-grabbing casual dinner meeting with the heads of two of Korea’s top conglomerates at one of the chicken franchise’s stores in Seoul. Kim founded Kkanbu Chicken in 2006 by opening its first store in Yongin, Gyeonggi Province. The franchise fried chicken maker has since rapidly expanded its presence with the opening of its 50th store in 2010. The number topped 200 in 2013, cementing its status as one of the nation’s highly sought-after chicken brands. Despite the popularity of the company, details about Kim have rarely been exposed to the media. He turned 60 this year, but little else is known about the founder. Kkanbu Chicken has been basking in the spotlight since Oct. 30 when the head of Nvidia was seen having fried chicken and beer with Samsung Electronics Executive Chairman Lee Jae-yong and Hyundai Motor Group Executive Chair Chung Euisun at one of its stores near Samseong Station in southern Seoul. At the dinner, Kim personally served chicken to the table of the t

Nov 7, 2025By Lee Min-hyung
Head of Kkanbu Chicken in spotlight following Nvidia chief’s visit
Companies

Dunamu slapped with $24.3 mil. fine over customer identification violation

Korea's financial watchdog on Thursday slapped a fine of 35.2 billion won ($24.3 million) on Dunamu, the operator of the country's top cryptocurrency exchange, Upbit, for violating customer identification obligations. The Financial Intelligence Unit (FIU) under the Financial Services Commission said Dunamu did not comply with its obligations to verify the identities of users in about 5.3 million cases and committed other violations, including failing to report 15 suspicious transactions. In particular, the company accepted photocopies or re-photographed image files of user portraits, in which their identities could not be fully verified, instead of requiring original documents. There were also cases in which the address field of the customer identification documents was left blank or contained inaccurate or irrelevant information, according to the FIU. In addition, Dunamu violated its obligation to restrict transactions by users whose verification process had not been completed in 3.3 million cases. "We have completed protective measures for investors and will make efforts to prevent a re

Nov 6, 2025By Yonhap
Dunamu slapped with $24.3 mil. fine over customer identification violation
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