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    Samsung, SK chip investment timelines leave room for adjustment

    Samsung Electronics and SK hynix announced a combined 800 trillion won ($516.4 billion) investment commitment to establish advanced chip plants in Gwangju and South Jeolla Province in Korea's southwest, but stopped short of providing a timeline for when the investments will be made or construction will begin, leaving room to adjust their spending plans until the long-term memory chip cycle becomes clearer. According to the government and the chipmakers, Samsung and SK will each invest 400 trillion won to build two advanced memory fabrication each in the region, for a total of four new fabs as part of the government’s “three megaprojects for Korea’s leap forward.” Samsung Electronics Executive Chairman Lee Jae-yong named Gwangju as the candidate site, while SK Group Chairman Chey Tae-won referred to the region as a whole. While announcing the massive plans while standing with President Lee Jae Myung, who have been urging the chipmakers to make investment in the southwestern region, the leaders refrained from specifying timelines for the new fabs. The companies also did not mention

    4 MIN READBy Nam Hyun-woo
    Samsung, SK chip investment timelines leave room for adjustment
  • Banking & Finance

    KakaoBank lands 4 papers at leading AI conferences

    2 MIN READBy Lee Hyo-jin
    KakaoBank lands 4 papers at leading AI conferences
  • Companies

    LG Electronics to establish control tower for robotics business

    2 MIN READBy Nam Hyun-woo
    LG Electronics to establish control tower for robotics business
  • Companies

    Incheon airport operator to halve employee parking permits

    3 MIN READBy Lee Min-hyung
    Incheon airport operator to halve employee parking permits
  • Companies

    Court grants JTBC time for autonomous restructuring amid liquidity crisis

    1 MIN READBy Yonhap
    Court grants JTBC time for autonomous restructuring amid liquidity crisis
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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

Nexon RPG Khazan continues to expand global reach

Nexon’s action role-playing game (RPG) The First Berserker: Khazan recently marked its 200th day since its March release, drawing fresh attention for its success in expanding the universe of subsidiary Neople’s hit title Dungeon & Fighter globally. Despite being Neople’s first full-fledged console title, The First Berserker: Khazan has proven its quality through distinctive, tightly tuned action, cohesive storytelling and unique visuals. After its release, the game climbed to second place on digital distribution platform Steam’s chart for popular global games. It also earned its highest score of 85 on the entertainment review platform Metacritic, gaining recognition from both critics and players. “Our goal with The First Berserker: Khazan was to present the Dungeon & Fighter world to players around the globe, especially in Western markets, by reimagining the original’s dynamic action for consoles,” Neople Creative Director Lee Jun-ho said. “Above all, we wanted the sense of challenge and achievement to come through clearly for players in every combat experience.” The Fir

Oct 20, 2025By Lee Gyu-lee
Nexon RPG Khazan continues to expand global reach
Companies

Nongshim launches global Shin Ramyun campaign at Times Square

Nongshim staged a large-scale global campaign at New York’s Times Square on Friday to mark the launch of its collaborative Shin Ramyun edition featuring Netflix’s hit animated film “KPop Demon Hunters,” the company said Monday. One of the most famous tourist spots on earth and visited by some 450,000 people each day, Times Square hosted a series of on- and offline interactive events to give consumers from around the world a firsthand taste of the brand's iconic noodles and snacks. During the event, the company unveiled a giant digital advertisement at Times Square showcasing the special collaboration with “KPop Demon Hunters.” In addition to the display, Nongshim operated themed booths that offered immersive brand experiences. In the “Food Zone,” visitors sampled dishes such as shrimp crackers and Shin Ramyun Toomba flavor noodles prepared using instant ramyeon cookers, offering a taste of the method popularized by convenience stores along Seoul's Han River. The “Reward Zone” featured an instant photo booth with “KPop Demon Hunters” characters, while the “Event

Oct 20, 2025By Ko Dong-hwan
Nongshim launches global Shin Ramyun campaign at Times Square
Companies

Hyundai Motor ranked 33rd in Time’s World’s Best Companies

Hyundai Motor ranked 33rd in Time magazine’s World’s Best Companies 2025 list, earning the title of Korea’s highest-ranking firm in terms of employee satisfaction, revenue growth, and environmental, social and governance (ESG) performance, the carmaker said Monday. The Korean automaker climbed 159 spots from the previous year, supported by robust growth across key evaluation criteria. Hyundai Motor also secured recognition as Asia’s top-ranked carmaker, surpassing Toyota, which came in at 48th. The magazine selects a total of 1,000 top companies worldwide each year in collaboration with German data tracker Statista. The two organizations survey more than 200,000 employees from global firms to assess workplace satisfaction. Statista also provides corporate sales, revenue data and ESG indices for Time magazine to compile its annual corporate ranking. According to Hyundai Motor’s internal employee satisfaction survey, the company recorded an all-time high score of 79.4 points in 2024. Its voluntary turnover rate also stood at 0.39 percent — the lowest level among Korean companies.

Oct 20, 2025By Lee Min-hyung
Hyundai Motor ranked 33rd in Time’s World’s Best Companies
Companies

Doosan Robotics, Daedong team up for agricultural robots

Doosan Robotics and agricultural machinery firm Daedong have teamed up for developing on-device artificial intelligence (AI) technologies and agricultural robots, the former said Monday. Doosan Robotics and Daedong signed a memorandum of understanding (MOU) containing details on their partnerships at the former’s innovation center in Seongnam, Gyeonggi Province, Friday. Daedong is one of Korea’s leading agricultural machinery firms, manufacturing autonomous tractors and other automated machineries. Under the agreement, the two companies will join forces for developing field robots optimized for smart farms and outdoor agricultural environments, creating and commercializing on-device AI applicable to unstructured farming conditions and exploring global markets for field robots. Doosan Robotics will be responsible for designing and manufacturing robotic arms and control systems to commercialize mobile manipulators specialized for agriculture. A mobile manipulator is a mobile robot that combines an autonomous mobile robot or platform with robotic arms to perform integrated tasks. Daedong

Oct 20, 2025By Nam Hyun-woo
Doosan Robotics, Daedong team up for agricultural robots
Companies

Jeju Air purchases 7th B737-8, plans to buy 1 more

Jeju Air, Korea's leading low-cost carrier, said Monday it has purchased its seventh B737-8 aircraft and plans to add one more to its fleet before the end of this year. With the latest addition, Jeju Air operates 43 passenger aircraft, 12 of which are owned rather than leased, the company said in a press release. Five of the owned planes are B737-800NG passenger jets. "The company is making efforts to establish the infrastructure for sustainable growth by securing price competitiveness and strengthening flight safety through fleet modernization," it said. In March, Jeju Air signed a memorandum of understanding (MOU) with Boeing to adopt a competency-based training and assessment (CBTA) system for pilots. The program aims to enhance pilots' ability to respond effectively to emergency situations. The move comes after a fatal crash involving a Jeju Air B737-800 aircraft that took place Dec. 29. The plane, arriving from Bangkok, crashed into a concrete structure at Muan International Airport during a belly landing, killing 179 of the 181 people on board.

Oct 20, 2025By Yonhap
Jeju Air purchases 7th B737-8, plans to buy 1 more
Business

Korean business tycoons brief Trump on US investment at Florida golf event

Korea's top business group chiefs highlighted their U.S. investment activities during a meeting with U.S. President Donald Trump at a golf event in Florida last week, according to industry sources Monday. Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Executive Chair Euisun Chung, LG Group Chairman Koo Kwang-mo and Hanwha Group Vice Chairman Kim Dong-kwan participated in the event Saturday (U.S. time) at the Trump International Golf Club in Trump's private Mar-a-Lago estate. The gathering was hosted by SoftBank Group founder Masayoshi Son, with business leaders from Japan and Taiwan also invited. Although the Korean business chiefs reportedly did not play in the same group as Trump, they met the president after the event and briefed him on their investment activities and plans in the United States, according to the sources familiar with the event. Trump is said to have emphasized the importance of bilateral cooperation in the shipbuilding sector and asked for continued support from Korean companies, the sources said. "There wasn't any direct

Oct 20, 2025By Yonhap
Korean business tycoons brief Trump on US investment at Florida golf event
Companies

SPC opens 1st Paris Baguette outlet in Mongolia

SPC Group, a Korean food and beverage company, said Monday its bakery brand Paris Baguette has opened its first outlet in Mongolia as part of its global expansion strategy. SPC signed a master franchise agreement with Mongolian retail company Foodcorp LLC last year for the bakery business there, the company said in a press release. The company plans to open two additional outlets in Ulaanbaatar within this year as the Mongolian food market has recently posted double-digit growth. "An increasing number of young people in Mongolia prefer dining out and spending time at coffee and bakery shops amid a growing preference for Korean culture and cuisine," a company official said. With the opening of the Ulaanbaatar outlet, SPC has expanded the Paris Baguette brand globally to 15 countries since 2004. The number of Paris Baguette outlets worldwide has recently surpassed 670. SPC currently operates bakery plants in China and Malaysia. Last month, it began construction of its third overseas bakery plant in the United States.

Oct 20, 2025By Yonhap
SPC opens 1st Paris Baguette outlet in Mongolia
Companies

Kia showcases range of military vehicles at Seoul ADEX 2025

Kia, Korea's second-largest automaker, on Monday showcased a lineup of its military mobility platforms at the Seoul International Aerospace & Defense Exhibition (ADEX) 2025. At the biennial defense trade show under way at KINTEX in Goyang, Gyeonggi Province, Kia featured a military command variant of its Tasman pickup truck that has been enhanced for operational use with radios, antennas and other tactical equipment. The vehicle was recently selected as the Korean military's standard command pickup model and is set to be deployed for operational use later this year. Kia has been developing military vehicles since the 1970s. The company also displayed its Kia Medium Tactical Vehicle, which was first introduced in June. It boasts enhanced off-road and operational performance, including the ability to travel in 1-meter-deep rivers, climb 60 percent gradients and transport up to 25 troops or 10 tons of cargo. In addition, Kia showcased several variants of the Kia Light Tactical Vehicle tailored to different operational missions, including a drone carrier variant for reconnaissance missions a

Oct 20, 2025By Yonhap
Kia showcases range of military vehicles at Seoul ADEX 2025
Banking & Finance

Brokerages expand global alliances as Koreans invest more in US stocks

Korean securities firms are ramping up partnerships and expanding operations in the United States, driven by a surge in overseas retail investment and intensifying competition, industry officials said Sunday. Hana Securities will host a seminar on Oct. 27 featuring two analysts from Los Angeles-based brokerage Wedbush to discuss market trends and artificial intelligence. The event follows Hana's strategic tie-up with Wedbush last year, when it acquired a 2.2 percent stake in the U.S. brokerage. Hana now uses Wedbush as its local broker and offers clients access to its research. Kakao Pay Securities is also in talks with New York-based Siebert Financial to collaborate on U.S. stock brokerage, AI-driven trading and digital asset infrastructure. Its parent company, Kakao Pay, has acquired a 19.9 percent stake in Siebert and holds a board seat. Korean demand for U.S. stocks continues to rise. As of Thursday, domestic investors held $160 billion in overseas equities, with about 90 percent allocated to U.S. markets, according to the Korea Securities Depository. "With overseas stock holdings hit

Oct 20, 2025By Lee Yeon-woo
Brokerages expand global alliances as Koreans invest more in US stocks
Companies

Korea, US ‘more likely’ to close tariff deal during APEC summit

Korea became "more likely" to reach a detailed tariff agreement with the United States on the sidelines of the upcoming Asia-Pacific Economic Cooperation (APEC) summit later this month, presidential chief of staff for policy Kim Yong-beom said Sunday. Upon returning from tariff negotiations in the U.S., Kim said the two countries made “practical advancements in most pending trade issues.” “Our chances of clinching the follow-up trade deal with the U.S. have increased after our latest visit to the U.S.,” Kim told reporters. “We have shared a common view in most issues, but still have to narrow differences in one or two areas.” Kim did not elaborate further, but reiterated that the two countries "mostly understood that the negotiations should generate reciprocal outcomes that Korea can withstand.” Last week, U.S. Treasury Secretary Scott Bessent also expressed hopes for Korea and the U.S. to resolve their differences “in the next 10 days,” hinting at the possibility that both countries will clinch a detailed trade agreement soon. With the presidential aide saying the lates

Oct 19, 2025By Lee Min-hyung
Korea, US ‘more likely’ to close tariff deal during APEC summit
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