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  • Tech & Science

    Tech leaders showcase technology at Quantum Korea 2026

    Leading technology companies and institutions showcased their latest quantum technology developments at Quantum Korea 2026, which opened on Thursday, as the government seeks to position Korea as a global leader in quantum technology through various policy initiatives. Hosted by the Ministry of Science and ICT since 2023, Quantum Korea will run through Saturday. This year’s edition focuses on how quantum technologies are being implemented and used in actual settings. A total of 56 companies and research organizations from 12 countries, including SK Telecom and KT, participated in the event, displaying quantum computer models and showcasing technologies that use quantum-based encryption and other security solutions. The telecom companies focused on quantum security solutions, as advances in quantum computing are expected to increase the risk of existing encryption systems being compromised. The key concept in their exhibitions was quantum key distribution (QKD) technology. QKD sends encryption keys using the quantum states of photons. Because observing a photon changes its quantum state,

    2 MIN READBy Nam Hyun-woo
    Tech leaders showcase technology at Quantum Korea 2026
  • Banking & Finance

    Shinhan, Kiwoom face probe over JTBC bond sales amid default fallout

    2 MIN READBy Jun Ji-hye
    Shinhan, Kiwoom face probe over JTBC bond sales amid default fallout
  • Companies

    Korea expresses regret over US House committee’s 'lopsided' Coupang report

    3 MIN READBy Ko Dong-hwan
    Korea expresses regret over US House committee’s 'lopsided' Coupang report
  • Companies

    KEPCO rallies industry to commercialize direct current power systems

    2 MIN READBy Lee Kyung-min
    KEPCO rallies industry to commercialize direct current power systems
  • Companies

    BYD Korea looks to offset subsidy exclusion with PHEV sales

    2 MIN READBy Lee Min-hyung
    BYD Korea looks to offset subsidy exclusion with PHEV sales
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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

PHOTO Free dental checkup service

A Haleon Korea official promotes a free dental checkup bus service in Nowon District, Seoul, Wednesday. In celebration of the 10th anniversary of Denture Day, the company partnered with the Korean Academy of Prosthodontics to offer free denture and prosthetic checkups, aiming to raise awareness of proper oral health care. Denture Day, observed on July 1, commemorates the implementation of revised national health insurance coverage for dentures. Courtesy of Haleon Korea

Jun 12, 2025By Nam Hyun-woophoto
[PHOTO] Free dental checkup service
Companies

PHOTO HD Hyundai launches OPV for Philippine Navy

Joo Won-ho, sixth from left, head of HD Hyundai Heavy Industries (HD HHI) Naval & Special Ships Business Unit, and Gen. Romeo Brawner, seventh from left, chief of staff of the Armed Forces of the Philippines, pose with participants in the launching ceremony of BRP Rajah Sulayman at the Korean shipbuilder's shipyard in Ulsan, Wednesday. The BRP Rajah Sulayman is the first of six offshore patrol vessels that HD HHI will deliver to the Philippine Navy by 2028. Courtesy of HD Hyundai

Jun 12, 2025By Park Jae-hyukphoto
[PHOTO] HD Hyundai launches OPV for Philippine Navy
Companies

Hanjin, LS deepen business ties to counter Hoban

Hanjin Group and LS Group are deepening their business alliance to counter Hoban Group’s aggressive stock purchases of the two firms. The move is aimed at fending off Hoban, best known for its construction business, which has engaged in a buying spree of shares in Hanjin KAL and LS Group. Hanjin KAL is the holding firm of Hanjin Group. Hoban Group recently increased its stake in Hanjin KAL to 18.46 percent, narrowing the gap to just 2.29 percentage points with Hanjin Group Chairman Cho Won-tae, who holds 20.75 percent. Hoban also acquired over a 3-percent stake in LS Group, posing a potential threat to the management rights of both firms. In response, Hanjin and LS signed three memorandums of understanding (MOUs) in April and May, in an apparent move to overcome the uncertain management environment. Last month, Korean Air, a flagship aviation business affiliate from Hanjin Group, decided to forge ties with LS Electric, which offers power equipment and smart factory consulting and maintenance services, in aerospace and defense at the International Maritime Defense Industry Exhibition. T

Jun 12, 2025By Lee Min-hyung
Hanjin, LS deepen business ties to counter Hoban
Companies

Hyundai Steel suspends operations at Pohang No. 2 plant amid industry slump

Hyundai Steel, Korea's second-largest steel manufacturer, has temporarily shut down its No. 2 plant in the southeastern city of Pohang, North Gyeongsang Province, due to a prolonged industry-wide slump, the company said Wednesday. The suspension took effect Saturday due to a lack of production volume amid a severe industry-wide demand contraction. A company official said future decisions will be made through discussions with the labor union. The latest move marks a reversal from Hyundai Steel's earlier decision. In November last year, the company, a unit of Hyundai Motor Group, announced a plan to close the plant due to low operations but later reversed it following strong opposition from the union. The company decided to scale down operations instead. However, continued weakness in global demand, compounded by sluggish domestic market conditions, has led to the latest decision for a full suspension of operations at the facility. The company has been dealing with a tough business environment this year, including steel tariffs imposed by Washington under U.S. President Donald Trump. Earli

Jun 11, 2025By Yonhap
Hyundai Steel suspends operations at Pohang No. 2 plant amid industry slump
Companies

SK On CEO highlights need for tech talent in battery industry

SK On CEO Lee Seok-hee Tuesday emphasized the importance of cultivating technology talent to drive the future of the battery industry during a lecture at the Korea Advanced Institute of Science and Technology (KAIST). Speaking to about 100 students and faculty at the research university in Daejeon, Lee said the company views hands-on experience in research and manufacturing as essential to long-term success. “The future of the battery industry ultimately depends on technology talent,” said Lee, who previously served as a professor of electrical engineering at KAIST from 2010 to 2012. “We place the highest value on hands-on experience in R&D and manufacturing.” Lee introduced SK On’s core identity as a growth-focused, innovation-driven company and presented its latest battery technologies, including high-voltage mid-nickel batteries and cell-to-pack solutions. He said the company’s products lead the industry in energy density, charging speed and safety. “The battery business is a technology-driven manufacturing sector,” he said. “We are committed to enhancing our technol

Jun 11, 2025By Park Jae-hyuk
SK On CEO highlights need for tech talent in battery industry
Banking & Finance

Eximbank raises 750 mil. euros with newly issued green bond

The Export-Import Bank of Korea (Eximbank) has raised 750 million euros ($855 million) worldwide by selling newly-issued bonds aimed at supporting environment-friendly projects, the company said Wednesday. The green bond has a three-year maturity. It was issued by taking into account preferences of euro-denominated bond investors, as well as the new Korean government’s eco-friendly policy objectives. Eximbank said it originally planned to sell 500 million euros but scooped 750 million euros on the back of strong demand from investors. It raised 88.3 percent of the 750 million euros from Europe and the Middle East, and the remaining 11.7 percent from Asia. Institutional investors, central banks, international organizations and public entities made up some 49.2 percent of all investors. Commercial banks made up another 16.5 percent share and asset management firms took up another 34.3 percent. Eximbank said the green bond will help the company successfully return to the European bond market as an issuer of sovereign, supranational and agency (SSA) bonds. Such bonds are issued by highly cre

Jun 11, 2025
Eximbank raises 750 mil. euros with newly issued green bond
Companies

Jollibee ramps up expansion with Norang Tongdak, Compose Coffee acquisition

The Philippines' Jollibee Foods Corp. (JFC) is poised to take over a Korean fried chicken franchise, Norang Tongdak — translated literally as "yellow chicken" — following its acquisition last July of the Korean low-priced coffee shop chain Compose Coffee. Its aggressive expansion has been interpreted as a signal of its optimistic outlook for the Korean food and beverage industry, despite intensifying competition in a market with low entry barriers, high price sensitivity and poor brand loyalty. According to industry officials on Wednesday, JFC's Korean subsidiary was recently selected as the preferred bidder to acquire a 100 percent stake in Norang Food, the operator of Norang Tongdak, for about 130 billion won ($95 million) by August from two private equity firms — Corstone Asia and Q Capital Partners. The deal is reportedly backed by Elevation Equity Partners, another private equity firm that financed JFC's acquisition of the entire stake in Compose Coffee for about 470 billion won. "If this acquisition is finalized, it would signify increasing efforts by Jollibee Foods to expand

Jun 11, 2025By Park Jae-hyuk
Jollibee ramps up expansion with Norang Tongdak, Compose Coffee acquisition
Companies

BTS military discharge boosts HYBE stocks amid lingering chairman risk

Expectations are growing for a rebound in HYBE's stock price as all BTS members have completed, or are soon expected to complete, their mandatory military service, according to market analysts, Wednesday. However, concerns are also mounting that Bang Si-hyuk, founder and chairman of the K-pop powerhouse corporation, could have a negative impact on the stock, as he is under investigation by the Financial Supervisory Service (FSS) for alleged violations of the Capital Markets Act, they said. On Tuesday, when RM and V were discharged from the military, HYBE shares closed at 309,000 won ($226), up 2.32 percent from the previous trading day. This marked the highest closing price since April 2022. HYBE's stock had reached 301,000 won on June 23, 2023, before experiencing a series of fluctuations and eventually falling to 158,000 won by Sept. 23 last year. On Wednesday, when Jimin and Jungkook were discharged, HYBE shares closed slightly lower, down 2.83 percent from the previous day at 300,250 won. Jin and J-Hope completed their service in June and October of last year, respectively. With RM an

Jun 11, 2025By Jun Ji-hye
BTS military discharge boosts HYBE stocks amid lingering chairman risk
Companies

Korean biotechs set to step up global outreach at Bio USA

Korean biopharmaceutical companies are aiming to strengthen their outreach to global clients and potential partners at the upcoming BIO International Convention 2025, the world’s largest bio and health care industry event, better known as BIO USA. Organized annually by the U.S. Biotechnology Innovation Organization, the event serves as a global networking platform where pharmaceutical and biotech officials explore partnership opportunities. This year’s convention will take place from June 16 to 19 at the Boston Convention and Exhibition Center, featuring exhibitions, conferences, partnering sessions and other programs that offer insights into the future of the bio industry. According to industry officials, approximately 80 Korean pharmaceutical and biotech companies will participate in this year’s event, exploring opportunities to form partnerships and deals with global pharmaceuticals. Major firms including Samsung Biologics, Celltrion, Lotte Biologics, SK Biopharmaceuticals and Kolon Life Science will attend the event. Samsung Biologics will mark its 13th consecutive appearance a

Jun 11, 2025By Nam Hyun-woo
Korean biotechs set to step up global outreach at Bio USA
Companies

Hyundai Mobis unveils safety technology to prevent rear-end collisions

Hyundai Mobis has unveiled a new rear safety control technology designed to help prevent rear-end collisions, particularly on highways. According to the auto parts manufacturer on Wednesday, the system warns drivers and automatically maintains a safe distance from vehicles approaching too closely from behind. The technology integrates rear-side radar sensors and front-facing cameras with existing driving control systems. It is activated when a driver uses the vehicle’s smart cruise control system. If a vehicle is detected following at a dangerously close distance — about 10 meters behind or less — the system issues an audible alert or a visual warning in the instrument cluster. If the situation continues, the vehicle will automatically accelerate to create a safer buffer. Rear-side radars, located on both sides of the rear bumper, track the tailgater's movement, while the front camera monitors lane position and the vehicle ahead to enable safe acceleration. This marks a major step forward in what the company describes as “defensive driving” technology — offering protection no

Jun 11, 2025By Lee Min-hyung
Hyundai Mobis unveils safety technology to prevent rear-end collisions
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