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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
  • 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
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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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Companies

Samsung SDI, BMW to jointly validate all-solid-state batteries

Samsung SDI announced Friday that it has signed a trilateral agreement with Germany’s premium automaker BMW Group and U.S.-based battery technology company Solid Power to collaborate on an all-solid-state battery (ASSB) validation project. Under the agreement, Samsung SDI will supply ASSB cells featuring enhanced energy density and safety by using Solid Power’s solid electrolyte technology. BMW will develop modules and packs for the ASSB cells. The three companies will jointly evaluate the performance of the batteries under agreed parameters and integrate them into BMW’s next-generation evaluation vehicles. Unlike conventional lithium-ion batteries that use liquid electrolytes, ASSB cells rely on solid electrolytes, offering improved safety and higher energy density. The technology enables electric vehicles (EVs) to achieve longer driving ranges without increasing the overall battery system’s weight. The collaboration marks a significant step in establishing a practical global value chain for ASSBs, combining each partner’s strengths in cell manufacturing, automotive engineeri

Oct 31, 2025By Kang Seung-woo
Samsung SDI, BMW to jointly validate all-solid-state batteries
Companies

Kia’s profit halves amid expanded US tariff shock

Kia has extended a losing streak in its quarterly earnings between July and September, bearing a large-scale loss stemming from the 25 percent auto tariff set by the United States, the carmaker said Friday during a regulatory filing. The carmaker suffered a bigger earnings shock than Hyundai Motor, which saw its operating profit decline almost 30 percent from the same U.S. tariff issue. Kia reported an operating profit of 1.46 trillion won ($1.02 billion) in the third quarter, down 49.2 percent from the previous year. Its sales, however, increased 8.2 percent to 28.68 trillion won during the same period. The carmaker explained that it achieved record third-quarter sales thanks to growing demand for its hybrid and electric cars across the globe, but ended up reporting a sharp profit fall due to the aftermath of the U.S. auto tariffs, increased global incentives and an unfavorable macroeconomic environment. Kia, a fast mover in the global electric vehicle (EV) market, achieved solid EV sales growth in the global market. Data from the carmaker showed that the carmaker’s eco-friendly vehic

Oct 31, 2025By Lee Min-hyung
Kia’s profit halves amid expanded US tariff shock
Companies

Naver partners with InBody to enter global digital health care market

Internet giant Naver said Friday it has signed a partnership with InBody, a Korean company known for body composition analyzers, as part of its strategy to enter the global digital health care market. Under the agreement signed the previous day, Naver will acquire an 8.5 percent stake in InBody and strengthen the companies' strategic partnership in the digital health care sector, according to Naver. InBody develops and provides body composition analysis machines and related services worldwide. The partnership comes as Naver has been expanding its business into the health care sector. In August, it invested in Seoul-based medtech company JNPMedi to collaborate on advancing the latter's digital clinical trial platform incorporating artificial intelligence (AI) technology. Naver currently offers basic health care features on its platform, such as a step counter and hospital reservation services. "By partnering with InBody, the global leader in body composition analysis, we plan to introduce innovative health care services combining AI and data to the global market — data-driven, personalize

Oct 31, 2025By Yonhap
Naver partners with InBody to enter global digital health care market
Companies

SK Innovation achieves major turnaround

SK Innovation reported a major turnaround in its third-quarter earnings, attributing it to the recovery of its petroleum business, the company said Friday. According to the firm’s regulatory filing, the energy and chemical firm reported an operating profit of 573.4 billion won ($400 million) between July and September. This is an outstanding rebound from a year earlier, when it reported an operating loss of 423 billion won. The company explained that it has been able to improve its earnings in the petroleum business, driven by rising oil prices and better refining margin. SK Innovation also chalked up 20.53 trillion won in sales, up 16.3 percent, during the same period. “We have improved our operating profit by a huge margin on the solid earnings performance of our cash cow businesses, in areas such as petroleum and liquefied natural gas,” a company official said. However, SK Innovation’s battery business — operated by the firm’s affiliate, SK On — widened its operating loss in the third quarter on sluggish electric vehicle (EV) demand in the United States. SK On reported thi

Oct 31, 2025By Lee Min-hyung
SK Innovation achieves major turnaround
Companies

KT partners with US startup for collaboration on AI agent platform expansion in Asia

KT, a major Korean telecom company, said Friday it has signed a strategic partnership with U.S. artificial intelligence (AI) startup CrewAI to collaborate on expanding the latter's AI agent platform to the Asian market. Under the partnership signed last Friday, KT will have exclusive rights to provide CrewAI's platform in Korea and Vietnam, overseeing localization, integration and commercialization. CrewAI will be responsible for technical support and training, according to KT. The two companies will also explore ways to link KT's AI models and cloud services with CrewAI's platform and expand their business across the broader Asia-Pacific region. CrewAI offers a platform that provides a multi-agent orchestration framework to automate complex workflows and enhance decision-making and operational efficiency. The startup has partnerships with major institutions, including the U.S. Department of War. "Building on our global collaborations with Microsoft, Palantir and others, we will strengthen the realization of agentic AI alongside CrewAI and accelerate innovation across industries," KT Chi

Oct 31, 2025By Yonhap
KT partners with US startup for collaboration on AI agent platform expansion in Asia
Companies

Hanjin Group highlights legendary founder’s leadership on 80th anniversary

Hanjin Group has attributed its decades-long sustainable growth to the undaunted leadership of the firm’s legendary late founder, Cho Choong-hoon, and his successor, the late former Chairman Cho Yang-ho. Saturday marks the 80th anniversary of the group. Founder Cho established the company with a small truck shortly after Korea was liberated from Japanese colonial rule in 1945. He believed that transport would become the lifeline of Korea’s economy, politics and culture. He placed particular importance on building trust with his clients. Even after the devastation from the 1950-53 Korean War, he rebuilt the company in only two years with the credibility he earned during the initial phase of his business. Hanjin Group offered military logistics services for the U.S. during and after the war, signing a $70,000 transport contract with the U.S. Army in 1956 — a mega-sized deal at a time when Korea’s per capita income was under $100. The devastated postwar business environment was not a hardship for the late founder. Cho was known for his strong confidence and tolerant business attitud

Oct 31, 2025By Lee Min-hyung
Hanjin Group highlights legendary founder’s leadership on 80th anniversary
Economy

AI led to fewer jobs for young people, more jobs for older workers: BOK

Jobs for younger workers in industries most exposed to artificial intelligence (AI) are disappearing, while those among their older peers are rising, a central bank report said Thursday. Central to the finding is younger workers performing standardized, knowledge-based tasks that can be easily replaced by AI. In contrast, their older peers’ work requires understanding context, interpersonal communication and leadership, areas where AI falls short for the time being. Whether the recent AI-induced decline in youth employment will persist remains to be seen, since the businesses could hire more AI-savvy young workers in the years to come, as part of human capital investment reorientation. According to the Bank of Korea (BOK), the rapid spread of AI is deepening generational divides in employment. The finding comes amid concerns that seniority-biased technological change is exacerbated by the early phase of AI adoption in Korea, similar to one experienced in the U.S. From July 2022 to July this year, 211,000 jobs held by Korean workers aged 15 to 29 disappeared. Most of them, or 208,000, wer

Oct 31, 2025By Lee Kyung-min
AI led to fewer jobs for young people, more jobs for older workers: BOK
APEC 2025

Nvidia chief meets Samsung, Hyundai leaders ahead of biz tie announcement

Leaders of U.S. tech giant Nvidia, Samsung Group and Hyundai Motor Group gathered in Seoul on Thursday as the companies plan to announce details of their business cooperation in the artificial intelligence (AI) sector this week. Nvidia CEO Jensen Huang met with Hyundai Motor Group Executive Chair Chung Euisun and Samsung Electronics Chairman Lee Jae-yong for beers at a fried chicken restaurant in southern Seoul. Huang was also seen handing gifts to Chung and Lee, with a message reading, "To our partnership and the future of the world!" Before entering the restaurant, Huang told reporters he looked forward to meeting President Lee Jae Myung on Friday and that there would be various announcements on ongoing projects. The Nvidia head noted there have also been talks with Samsung on the high-bandwidth memory (HBM) sector and that further discussions will follow. Huang arrived in Korea earlier in the day to take part in the Asia-Pacific Economic Cooperation (APEC) CEO Summit, and meet with a slew of local and global business leaders. The Nvidia chief, who is visiting Korea for the first time si

Oct 30, 2025By Yonhap
Nvidia chief meets Samsung, Hyundai leaders ahead of biz tie announcement
APEC 2025

Nvidia chief arrives in Korea for APEC business event

Nvidia Chief Executive Officer (CEO) Jensen Huang arrived in Korea on Thursday to take part in the Asia-Pacific Economic Cooperation (APEC) CEO Summit and meet with a series of local and global business leaders here. Huang, who arrived at Incheon International Airport earlier in the day, was expected to meet with Hyundai Motor Group Executive Chair Euisun Chung and Samsung Electronics Chairman Lee Jae-yong in Seoul in the afternoon, according to industry sources. The Nvidia chief, who is visiting Korea for the first time since 2010, is also scheduled to attend an event in southern Seoul marking the 25th anniversary of the launch of his company's GeForce graphics processing unit. On Friday, Huang will participate in the APEC CEO Summit under way in the southeastern city of Gyeongju, North Gyeongsang Province, and unveil the U.S. tech giant's vision for collaboration with Korean businesses. Huang said during an event in Washington on Tuesday (U.S. time) there will be a "delightful" announcement for Koreans and U.S. President Donald Trump during his trip to Asia's No. 4 economy. Huang declin

Oct 30, 2025By Yonhap
Nvidia chief arrives in Korea for APEC business event
Tech & Science

Google urges bold, responsible and cooperative approach to continue AI momentum

GYEONGJU, North Gyeongsang Province — Google Asia-Pacific Chief Marketing Officer Simon Kahn urged global leaders to adopt a bold vision and a strong commitment to social responsibility in artificial intelligence (AI) development, ensuring that its rapid advancements translate into lasting, meaningful benefits for society. During a session on AI roadmap for sustainable innovation at the Asia-Pacific Economic Cooperation (APEC) CEO Summit, on Thursday in Gyeongju, the CMO emphasized the importance of channeling the current wave of AI breakthroughs into long-term societal benefit. “In the AI era, we have a profound social responsibility to ensure that the benefits of this technology uplift everyone and drive sustained prosperity for generations to come,” Kahn said, also stressing collaborative action. “No single company or economy can realize the promise of AI alone. Progress depends on partnership … AI is global; our regulatory frameworks must be as well by building on common international standards,” he said. He demonstrated Google’s real-world AI applications that address

Oct 30, 2025By Lee Gyu-lee
Google urges bold, responsible and cooperative approach to continue AI momentum
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