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

Tech & Science

Samsung Electronics CEO Han Jong-hee dies of heart attack

Samsung Electronics Vice Chairman and CEO Han Jong-hee died of a heart attack, the company said Tuesday. He was 63. According to the company and industry sources, Han suffered a heart attack while resting over the weekend. He was taken to Samsung Medical Center in southern Seoul but died early Tuesday. Han had a busy schedule in recent weeks. After holding the company’s annual general meeting of shareholders on March 19, he visited Shanghai for the 2025 Appliance & Electronics World Expo and held a series of meetings with local clients. He was set to introduce Samsung Electronics’ new artificial intelligence (AI)-embedded household appliances during a presentation event slated for Wednesday. The company has reportedly selected another executive as the keynote speaker for the event. His funeral ceremony will be held at the medical center until Thursday. He is survived by his wife, two daughters and a son. Samsung Electronics Executive Chairman Lee Jae-yong will not attend Han’s funeral ceremony as he is in China, meeting with local industry leaders. "Chairman Lee expressed his deep re

Mar 25, 2025By Nam Hyun-woo
Samsung Electronics CEO Han Jong-hee dies of heart attack
Companies

Hyundai Motor Group to invest $21 bil. in US by 2028

Hyundai Motor Group unveiled a $21 billion (31 trillion won) investment plan in the United States on Monday, covering various aspects such as production lines for vehicles, auto parts and steel through 2028. This marks the first time a Korean company has announced such a large-scale investment initiative since U.S. President Donald Trump took office in January. Hyundai Motor Group Executive Chair Chung Euisun made the announcement at the White House, where he was accompanied by Trump. “I am pleased to announce an additional $21 billion in new investments over the next four years — our largest U.S. investment ever,” Chung said. “A key part of this commitment is our $6 billion investment to strengthen the U.S. supply chain from steel and parts to automobiles.” In particular, the carmaker will allocate $8.6 billion to building vehicle production infrastructure. Under the plan, the company aims to expand its annual production by more than 1.2 million cars. The initiative will pick up steam after the planned opening of its long-awaited Hyundai Motor Group Metaplant America in Georgia

Mar 25, 2025By Lee Min-hyung
Hyundai Motor Group to invest $21 bil. in US by 2028
Companies

INTERVIEW Qoo10 Japan chief sweeps Gen Zers with K-beauty

E-commerce platform operator eBay Japan has been connecting Korean beauty product makers with Japanese consumers. Its key platform, Qoo10 Japan, has grown into the leading destination for young, beauty-conscious shoppers in Japan. Koo Ja-hyun, vice president of eBay Japan, oversees Qoo10 Japan with both satisfaction and confidence in its continued growth. Megawari, the platform’s latest quarterly sales event which concluded earlier this month, set multiple record-breaking figures, highlighting its growing popularity. Boosted by the records, the Korean leader wants to grow the platform further by introducing more Korean beauty firms and their products to the platform for Japanese consumers. The VP, currently residing in Tokyo, believes people in the two countries have a lot in common in terms of culture. This allows him to understand the Japanese market and how to target it with Korean products. “I once went to a K-pop concert in Japan which was packed with thousands of fans. When the Korean artists asked in Japanese ‘are you having fun?’ people shouted ‘ne!’ instead of ‘ha

Mar 25, 2025By Ko Dong-hwan
[INTERVIEW] Qoo10 Japan chief sweeps Gen Zers with K-beauty
Tech & Science

Samsung Chairman Lee Jae-yong visits BYD in China

Samsung Electronics Executive Chairman Lee Jae-yong on Monday visited Chinese electric vehicle (EV) maker BYD's headquarters as part of efforts to expand Samsung's presence in the automotive electronics market, industry sources said. Lee traveled to BYD's headquarters in Shenzhen, Guangdong province, after attending the annual China Development Forum in Beijing, which concluded on Sunday, the sources said. While details of his schedule and meetings were not disclosed, Lee was expected to meet with key officials, including BYD Chairman Wang Chuanfu, to discuss potential business collaboration in vehicle electronics systems. It is Lee's second tour to BYD's headquarters following the visit in 2018, when he met with the BYD chairman. On the previous day, Lee held a meeting with Xiaomi Chairman Lei Jun at the Chinese company's plant in Beijing on the sidelines of the China Development Forum. (Yonhap)

Mar 24, 2025By yonhap
Samsung Chairman Lee Jae-yong visits BYD in China
Tech & Science

FuriosaAI rejects Meta's $800 mil. takeover offer

FuriosaAI, a Korean artificial intelligence (AI) chip startup, has turned down an $800 million takeover offer from U.S. tech giant Meta Platforms, industry sources said Monday. Baek Joon-ho, chief executive officer (CEO) of FuriosaAI, informed its employees that the company has decided not to proceed with takeover negotiations with Meta, according to the sources. He also notified the U.S. company of its decision. The move came as FuriosaAI has decided to continue the company's independent development and production of AI chips, the sources said. Founded in 2017, FuriosaAI is a fabless semiconductor company specializing in AI inference chips for data centers. Its flagship product, the RNGD processor, launched last year, is a new AI inference chip designed for high-performance data centers and capable of efficiently handling large language models (LLMs). In February, news outlets reported that Meta was in talks to acquire FuriosaAI as part of its efforts to expand its in-house AI chip capabilities and reduce its reliance on AI chipmaker Nvidia (Yonhap)

Mar 24, 2025By yonhap
FuriosaAI rejects Meta's $800 mil. takeover offer
Companies

LG Innotek set to mass-produce parts for humanoid robots in 2026

LG Innotek will begin mass-producing key components for humanoid robots in 2026, with supply volume expected to increase tenfold each year starting next year, its CEO said Monday. “We are teaming up with multiple partners in camera and conducting joint development for robot hands and joints,” LG Innotek CEO Moon Hyuk-soo told reporters after the firm's regular shareholders’ meeting in Seoul. Even if just a few thousand components are to be mass-produced next year, the figure is expected to grow tenfold each year starting from 2027 or 2028, he said. The market for humanoid robots is expected to grow rapidly, as major overseas tech firms — such as Nvidia, Tesla and Meta — demonstrate their vision to tap into this emerging growth area. LG Innotek is also working to strengthen its position in the business, identifying it as one of its key growth engines. In January, the CEO said the company is already partnering with prominent humanoid robot firms and will announce details after achieving meaningful outcomes at the CES trade show in Las Vegas. Regarding concerns over U.S. President

Mar 24, 2025By Lee Min-hyung
LG Innotek set to mass-produce parts for humanoid robots in 2026
Companies

INTERVIEW Concerns over Alaska LNG project ‘outdated,’ says lead developer

Brendan Duval, CEO and founder of the Alaska liquefied natural gas (LNG) project’s lead developer Glenfarne Group, expressed his confidence in the feasibility of the $44 billion project advocated by United States President Donald Trump, asking Korean partners for greater engagement in the project. Duval is visiting Korea along with Alaska Gov. Mike Dunleavy and a number of key U.S. officials as part of their campaign to attract investments into the project. In an exclusive written interview with The Korea Times, Monday, Duval stressed that concerns over the feasibility of Alaska LNG are “outdated,” and advantages from the project will offset its one-time construction cost. “Alaska LNG will deepen the relationship between our countries by providing Korea with abundant, affordable and reliable LNG,” Duval said. “Korean companies also have investment and manufacturing expertise that can help develop Alaska LNG in a way that is financially beneficial for both nations.” The LNG project grabbed attention in Korea after Trump voiced his support for the project and specifically me

Mar 24, 2025By Nam Hyun-woo
[INTERVIEW] Concerns over Alaska LNG project ‘outdated,’ says lead developer
Companies

Kakao’s key affiliates under increasing regulatory pressure

Major affiliates of Kakao, the country's leading mobile platform operator, are facing growing regulatory pressure, which its labor union says stems from the company's excessive spin-offs of subsidiaries. The once-promising mobile startup is rapidly losing the trust of both investors and customers due to its ongoing involvement in multiple regulatory issues. On Monday, Kakao Entertainment was slapped with a 390 million won ($265,000) fine for deceptive advertising practices. The company promoted its music content through social media channels without officially disclosing its ownership of those accounts, according to the latest investigation by the Fair Trade Commission. Other Kakao subsidiaries are also being investigated for allegations of unfair business activities. Kakao Mobility, which operates the nation’s leading taxi-hailing service, is under investigation on suspicion of inflating the firm’s revenues. Last week, the prosecution launched a search and seizure into the firm’s office in Seongnam, Gyeonggi Province, as well as the residences of its key executives. Jung Joo-hwan,

Mar 24, 2025By Lee Min-hyung
Kakao’s key affiliates under increasing regulatory pressure
Banking & Finance

How reward apps win over Korean boomers amid economic slump

A sharp, lively beep echoed through the home as Seo tapped her mobile screen. She was collecting digital points based on the number of steps she had taken the day — a new habit she picked up after long days out. The points she collects are converted into mobile coupons, which she can use at various stores, including cafes, bakeries and even cosmetic shops. "It has become my favorite pastime. As I walk more, I not only stay healthy, but I can also enjoy a free cup of coffee," said the 54-year-old kindergarten teacher based in Gwangju. "The amount is small, but it feels rewarding and helps me save money. I really like that." The growing trend — a blend of mobile applications and personal finance — allows users to accumulate small amounts of money through simple daily activities. Users can earn 100 won ($0.07) or even 1,000 won by completing tasks such as checking into their apps daily, tracking their steps or watching reward-based ads. With the growing importance of non-face-to-face financial services, the industry is promoting these features to boost monthly active users by encoura

Mar 24, 2025By Lee Yeon-woo
How reward apps win over Korean boomers amid economic slump
Companies

European firms less confident of business in Korea

Business confidence among European firms in Korea has fallen below 50 percent for the first time since 2018, when it stood at 48 percent. Fewer companies also view Korea as an increasingly important part of their global strategies. These findings were revealed Monday in an annual survey conducted between January and February by the European Chamber of Commerce in Korea (ECCK), the Korean-German Chamber of Commerce and Industry (KGCCI) and nine other European business chambers. Among the 139 CEOs of European companies operating in Korea, only 45 percent expressed satisfaction with their business performance in 2024, continuing a steady decline from 71 percent in 2021, 68 percent in 2022 and 58 percent in 2023. While 34 percent rated their performance as "average," 22 percent responded that they were either "discontent" or "very discontent" — a significant increase from 12 percent in 2023 and 9 percent in 2022. "This trend is also reflected in revenue performance. In 2024, only 27 percent of companies achieved year-on-year earnings before interest and taxes growth of over 5 percent, down

Mar 24, 2025By Park Jae-hyuk
European firms less confident of business in Korea
previous page
544545546547548
next page

Most Read in Business