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
  • Banking & Finance

    Winners of the 22nd Economic Essay Contest

    2 MIN READBy Lee Yeon-woo
    Winners of the 22nd Economic Essay Contest
  • 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
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

APEC 2025

Hyundai Motor signs MOU with Singapore to boost future mobility cooperation

Hyundai Motor, Korea's leading carmaker, said Sunday it has signed an agreement with Singapore's science and technology agency to cooperate on advanced technologies on mobility solutions. The memorandum of understanding (MOU) between the automaker and Singapore's Home Team Science and Technology Agency (HTX) was signed on Friday during the K-Tech Showcase event held in the southeastern city of Gyeongju, North Gyeongsang Province, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit. Established in 2019 under Singapore's internal affairs ministry, HTX is a research agency that develops advanced technologies in public safety, border security, chemical and biological defense and security systems. Under the agreement, the two sides agreed to explore joint research on robotics, hydrogen and other future mobility technologies. Hyundai will carry out a pilot project of technology demonstrations to improve the operational efficiency of Singapore's government fleet using its multipurpose modular electric platform through 2028, which will mark the first mobility technology demon

Nov 2, 2025By Yonhap
Hyundai Motor signs MOU with Singapore to boost future mobility cooperation
Companies

Local chain Frank Burger fined for unfair biz practices

Frank F&B, operator of the handcrafted burger franchise Frank Burger, was fined for engaging in unfair practices against its franchisees, the antitrust regulator said Sunday. The Fair Trade Commission (FTC) said it imposed a fine of 641 million won ($448,032), along with corrective actions, for the company's violations of the Franchise Business Act. The company is accused of distributing franchise brochures containing false or exaggerated projected earnings to potential franchisees for about a year from January 2021. It also allegedly forced franchisees to purchase 13 items, including forks and knives, exclusively from the headquarters, even though these were not necessary for maintaining product quality. As a result, the firm earned extra franchise fees of around 140 million won. Additionally, the FTC found that after launching a new menu in May 2023, Frank Burger ran promotional events providing gifts but failed to obtain franchisee consent to cover part of the costs. "The measures are intended to support reasonable decision-making by prospective franchisees, prevent economic harm and h

Nov 2, 2025By Yonhap
Local chain Frank Burger fined for unfair biz practices
Companies

Korean shipbuilding gains momentum at APEC

This year’s Asia-Pacific Economic Cooperation (APEC) was a successful global negotiation table for Korean shipbuilders, as companies signed multiple partnerships to advance digitalized shipbuilding practices and expand their presence in APEC economies. HD Hyundai said Sunday it has signed a strategic collaboration for U.S. shipbuilding revitalization with Siemens on the sidelines of the APEC CEO Summit, which took place from Oct. 29 to 31. Through the memorandum of understanding, the two companies aim to enhance the overall competitiveness of the U.S. shipbuilding industry by improving design quality, minimizing process risks and reducing costs. By combining HD Hyundai’s shipbuilding expertise with Siemens’ digital twin and business platform technologies, the partnership seeks to accelerate digital transformation across production processes and maximize efficiency, HD Hyundai said. They will realize digital advancement in shipbuilding, improve automation in block assembling, and optimize production, quality and procedure by progressing them based on a database. HD Hyundai said they

Nov 2, 2025By Ko Dong-hwan
Korean shipbuilding gains momentum at APEC
APEC 2025

SK chairman says Korea can serve as ‘test bed’ for global AI development

SK Group Chairman Chey Tae-won said Korea can play a crucial role “as a test bed” for the global artificial intelligence (AI) ecosystem, citing the country’s strength in adopting new technologies quickly and applying them to the real world. In an interview with Bloomberg TV on the sidelines of the Asia-Pacific Economic Cooperation CEO Summit in Gyeongju, North Gyeongsang Province, Chey said Korea may not have as many resources as the United States or China, but it offers an ideal environment for testing new AI technologies. “Our side is good for the test. There is physical AI, bio side and even the regulations, and we’ve got a really good test bed,” he said, adding that Korea’s fast adoption of new technologies makes the country an ideal location for AI experiments. He noted that while the AI industry contains “some bubbles,” the overall technology and market remain on a growth trajectory. “Right now, the cost of AI is too much, and that’s why people [are] just saying that there’s a lot of bubbles,” Chey said. “But this is just an early stage. Even though ther

Nov 2, 2025By Nam Hyun-woo
SK chairman says Korea can serve as ‘test bed’ for global AI development
APEC 2025

SK spearheads global dialogue on AI, energy at APEC CEO Summit

The 2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit finished its four-day program on an upbeat note, drawing participation from the leaders of the 21 APEC member economies and some 1,700 global business executives. Held from Oct. 29 to 31, the event successfully served as a platform for global economic leaders to discuss the future of artificial intelligence (AI), energy and other key industries. Central to those discussions was SK Group, whose chairman, Chey Tae-won, also served as summit host, as the group's affiliates presented innovative ideas and directed participants' efforts to explore opportunities. Addressing AI bottleneck As an official side event of the CEO Summit, SK Group hosted the Future Tech Forum Series: AI on Oct. 28, sharing insights from global leaders in the AI supply chain. At the forum, experts, including Chey, Korea’s senior presidential secretary for AI Ha Jung-woo, Amazon Web Services (AWS) CEO Matt Garman, Naver CEO Choi Soo-yeon, OpenAI Korea General Manager Kim Kyoung-hoon and Meta Vice President Simon Milner shared their views on how AI is driving

Nov 2, 2025By Nam Hyun-woo
SK spearheads global dialogue on AI, energy at APEC CEO Summit
Banking & Finance

Effectiveness of shared bank branches, ATMs called into question

Commercial banks have been adopting joint retail branches and shared ATM booths to balance in-person and digital services, but the strategy’s effectiveness remains uncertain because banks’ operational practices vary, industry officials said Friday. Data compiled by the Financial Supervisory Service showed that the four largest commercial banks — KB Kookmin, Shinhan, Hana and Woori — reduced their combined branch network by 26 percent, from 3,625 in 2019 to 2,688 in June. Their ATMs also fell, from 33,707 in 2020 to 25,987 in July. These reductions, driven by the rise of non-face-to-face transactions and ongoing cost-cutting, have increasingly excluded customers with limited digital skills, such as some older adults, from banking services. In response, the banks have partnered to open joint branches and shared ATMs to cut costs while maintaining access to in-person banking services. These branches were intended to increase convenience by allowing customers to complete most transactions in one place, with multiple banks sharing a single location to provide services such as deposits

Nov 1, 2025By Yi Whan-woo
Effectiveness of shared bank branches, ATMs called into question
Tech & Science

Nvidia CEO expresses 'tremendous confidence' in Korea's semiconductor manufacturing field

GYEONGJU, North Gyeongsang Province —Nvidia CEO Jensen Huang has reaffirmed his faith in Korea’s technological landscape, announcing a series of collaborations with the country’s leading companies – Samsung, SK Group, Hyundai Motor Group and Naver – and its government, including the supply of a total of 260,000 Nvidia Blackwell graphics processing units (GPUs) to Korea. “I have tremendous confidence in Korea’s semiconductor manufacturing and design capabilities,” the CEO said during a media event following his speech for the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju, Friday. “We are very happy to partner with Korean companies on high-bandwidth memory (HBM)3e and HBM4. I am 100 percent confident that Samsung and SK hynix will be long-term partners of ours to create HBM4, HBM5 and HBM97 … As you know, Korea is world-class in memory technology; the world's best country at making memory technology of every kind.” The company has unveiled major plans to supply 50,000 Nvidia Blackwell graphics processing units (GPUs) to Samsung Electronics, SK and H

Oct 31, 2025By Lee Gyu-lee
Nvidia CEO expresses 'tremendous confidence' in Korea's semiconductor manufacturing field
Tech & Science

Jensen Huang praises Korean fried chicken at high-profile Seoul dinner with Samsung, Hyundai leaders

Nvidia CEO Jensen Huang created a buzz in Korea, enjoying a casual evening with Samsung Electronics Executive Chairman Lee Jae-yong and Hyundai Motor Group Executive Chair Chung Euisun over Korean fried chicken, one of the country’s most beloved snacks, and rounds of “somaek,” a popular soju and beer mix, on Thursday. A central figure in the global artificial intelligence (AI) revolution, Huang is visiting Korea for the first time in 15 years to attend the Asia-Pacific Economic Cooperation (APEC) CEO Summit and other high-profile business events. Huang, Lee and Chung dined at Kkanbu Chicken, a franchise, in a casual dining district near Samseong Station in southern Seoul, sharing fried chicken, beer and somaek, and even performed a Korean-style “love shot” toast. The trio also sampled Korea’s craft Jeju Ale before mixing Terra beer with Chamisul soju. Huang praised Korean fried chicken at an event later that evening in COEX, saying, "I told my friends that I wanted to eat Korean fried chicken. I don’t know why — it’s just the best in the world." He also mentioned his fav

Oct 31, 2025By Lee Kyung-min
Jensen Huang praises Korean fried chicken at high-profile Seoul dinner with Samsung, Hyundai leaders
Companies

JungKwanJang emerges as unexpected beneficiary of Nvidia CEO’s Korea visit

Korean red ginseng brand JungKwanJang has unexpectedly found itself in the global spotlight during Nvidia CEO Jensen Huang’s visit to Korea, after a fan handed him a hallabong-flavored JungKwanJang Everytime red ginseng extract stick. Hallabong is a Korean winter citrus fruit, famously grown on Jeju Island, and its sweet, tangy taste makes it a popular flavor for health supplements. The lighthearted moment quickly went viral, turning the product into an unforeseen star of the visit. On Thursday, Huang, visiting Korea for the first time in 15 years, joined Samsung Electronics Executive Chairman Lee Jae-yong and Hyundai Motor Group Executive Chair Chung Euisun for a casual gathering over fried chicken and beer at Kkanbu Chicken in western Seoul. Hundreds of people gathered outside the restaurant to catch a glimpse of the tech CEO, who spent about five minutes taking photos and greeting fans. Among the crowd, one citizen held up a tablet displaying Huang’s photo while offering him a ginseng stick. Curious, Huang asked, “What is this? Is this good for my health?” The fan explained i

Oct 31, 2025By Kang Seung-woo
JungKwanJang emerges as unexpected beneficiary of Nvidia CEO’s Korea visit
Tech & Science

Nvidia to supply 260,000 chips to Korea for AI factories with Samsung, SK, Hyundai

GYEONGJU, North Gyeongsang Province — Nvidia has unveiled a landmark collaboration with Korea’s leading conglomerates — Samsung, SK Group and Hyundai Motor Group — to build artificial intelligence (AI) factories. The company announced it will supply a total of 260,000 Nvidia Blackwell graphics processing units (GPUs) across these three companies as well as Naver and the Korean government. President Lee Jae Myung said the large-scale partnerships mean Nvidia has started investing in Korea’s AI industry. “AI is also a new industry in itself because it needs manufacturing, factories, deep technical expertise, innovative and visionary entrepreneurs, as well as industrial factory capability. These are the perfect ingredients and capabilities for Korea to fly,” Nvidia CEO Jensen Huang said during a meeting with the president and heads of Samsung, SK, Hyundai and Naver on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, North Gyeongsang Province, Friday. “Korea has deep technical capabilities, visionary entrepreneurs and, of course, no country i

Oct 31, 2025By Lee Gyu-lee
Nvidia to supply 260,000 chips to Korea for AI factories with Samsung, SK, Hyundai
previous page
295296297298299
next page

Most Read in Business