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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
  • 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
  • Companies

    CU in China: Why South Korean retail giant is adopting 'online first' strategy

    3 MIN READBy SCMP
    CU in China: Why South Korean retail giant is adopting 'online first' strategy
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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

China's Zeekr takes steps to enter Korea

China's Zeekr Group has taken steps to launch its electric vehicles in Korea, according to court documents on Sunday. Zeekr, one of the premium electric vehicle brands in China, set up its office called Zeekr Intelligent Technology Korea in Korea late last month, the court documents showed. The move came as another Chinese electric vehicle manufacturer BYD officially entered the nation's passenger car market in January. (Yonhap)

Mar 23, 2025By yonhap
China's Zeekr takes steps to enter Korea
Companies

All-black ‘Dolce & Gabbana look’ of Hotel Shilla CEO, sister of Samsung chairman, turns heads at annual shareholder meeting

Lee Boo-jin, CEO of Hotel Shilla, drew attention once again for her impeccable fashion sense at this year’s shareholders’ meeting, opting for an all-black ensemble from the Italian luxury brand Dolce & Gabbana. On Thursday, Lee attended the Hotel Shilla shareholders’ meeting at the company’s headquarters in downtown Seoul. She wore a black “double-breasted cordonetto lace and wool crêpe coat” from Dolce & Gabbana, black long boots, and silver earrings. The dress is made in Italy and is currently listed on the brand’s official Korean website for 9.1 million won ($6,800). Her all-black outfit for the 2025 meeting stands in stark contrast to her 2024 appearance, when she wore an all-white suit from British designer label Alexander McQueen. That look was highlighted by the striking embroidery on the white jacket. Although Lee keeps a relatively low profile in the media, her appearances at annual shareholder meetings consistently showcase her reputation as a fashion icon in the business world. Her understated yet luxurious style has been widely recognized in the fashion indust

Mar 23, 2025By KTimes
All-black ‘Dolce & Gabbana look’ of Hotel Shilla CEO, sister of Samsung chairman, turns heads at annual shareholder meeting
Companies

Korean Air to sign $32.7 bil. in aircraft deals with Boeing, GE Aerospace

Korean Air Lines, Korea's national carrier, will acquire some 20 aircraft from U.S. Boeing and procure spare engines from GE Aerospace, in a combined deal worth US$32.7 billion, Seoul's industry ministry said Friday. A pre-signing ceremony took place at the Department of Commerce in Washington, attended by Cho Won-tae, chairman of Hanjin Group, Korean Air's parent firm; Kelly Ortberg, Boeing's president and CEO; and Russell Stokes, president and CEO of GE Aerospace Commercial Engines and Services. Also present at the event were Industry Minister Ahn Duk-geun and U.S. Secretary of Commerce Howard Lutnick. Under the agreement, Korean Air will acquire 20 Boeing 777-9 and 20 Boeing 787-10 aircraft by 2033, with an option to purchase an additional 10 aircraft. The two companies agreed to swiftly proceed with the deal, valued at $24.9 billion. Korean Air and GE agreed to a contract worth $7.8 billion for the procurement of eight spare engines and engine maintenance services. At the ceremony, Ahn expressed hope for the agreement to help further facilitate broad exchanges between the allies, pled

Mar 22, 2025By yonhap
Korean Air to sign $32.7 bil. in aircraft deals with Boeing, GE Aerospace
Banking & Finance

Financial stocks not attractive enough for foreigners despite revised Commercial Act

Major financial holding companies rarely attract new foreign investors on the stock market, despite the recent passage of a revision to the Commercial Act, which was anticipated to boost undervalued stocks. For years, these companies were grouped as undervalued stocks despite massive earnings driven by their banking affiliates’ interest incomes. The companies were often criticized for relying on “windfall profits” and faced pressure from financial authorities on sales policies. The regulatory pressure negatively affected investor sentiment. The interest income-reliant business portfolio also negatively affected investor sentiment, as diversifying portfolios was seen as crucial to survive in the rapidly evolving financial industry. Under the circumstance, the revised Commercial Act fueled speculation that financial stocks would gain traction, especially from large investors such as foreigners. Approved by the National Assembly on March 13, the amendment to the legislation expands corporate directors’ duty to shareholders and, therefore, enhances shareholders’ rights for returns. N

Mar 21, 2025By Yi Whan-woo
Financial stocks not attractive enough for foreigners despite revised Commercial Act
Companies

TEST DRIVE BMW X6 exudes unexpected charm with nimble movement

The BMW X6, undeniably the most iconic large coupe SUV in the world, exudes unexpected charm with surprisingly nimble driving performance — a feature hard to anticipate due to its strikingly muscular exterior. The X6 is considered a pioneer in the mid-to-large coupe SUV market after making its debut in 2007. The vehicle’s symbolic position has not been shaken for more than a decade, as few rivals succeeded in leaving a stronger impression in terms of sleek design and powerful driving performance. The vehicle’s major appeal is unarguably its masculine design, which is why the vehicle is often found on the wish list for many so-called "young and rich" customers here. The BMW X6 xDrive40i M Sports edition was delivered for a test drive, and this reporter's first impression was that the vehicle was much more agile than expected. Its acceleration was smooth yet powerful, giving the vehicle a modern image. It accelerates from zero to 100 kilometers per hour in only 5.3 seconds. The model's 381-horsepower output was also more than enough for most city drives under Korean road conditions.

Mar 21, 2025By Lee Min-hyung
[TEST DRIVE] BMW X6 exudes unexpected charm with nimble movement
Companies

Hanwha's rights offering draws backlash

Hanwha Group is facing mounting criticism in the capital market following its unexpected decision on Thursday to issue 3.6 trillion won ($2.5 billion) worth of new Hanwha Aerospace shares at 605,000 won per share, nearly 15 percent lower than that day's stock price. The nation's seventh-largest conglomerate attributed the largest-ever rights offering in the domestic stock market to its defense unit's plan to raise funds for global expansion, including the acquisition of Austal, an Australian shipbuilder with a shipyard in the United States. However, investors and securities analysts have raised doubts about the necessity of the paid-in capital increase, which has significantly depreciated the shares of Hanwha Group affiliates, putting a damper on their recent bullish trend. As the plan backfired, the company said Sunday that its top executives, including Hanwha Group heir Kim Dong-kwan, decided to buy back treasury shares worth 4.8 billion to soothe investor concerns. On Friday, Hanwha Aerospace's stock price closed at 628,000 won, down 13.02 percent from the previous session. The stock

Mar 21, 2025By Park Jae-hyuk
Hanwha's rights offering draws backlash
Banking & Finance

More than 70% of consumers willing to spend more on ESG goods

Seven out of 10 consumers are willing to pay extra for products made by firms that have excellent track records in environmental, social and corporate governance (ESG) practices, a survey showed Friday. The finding underscores the need for a continued green corporate drive, increasingly being revisited due to the second Donald Trump administration’s “America First” policy that deprioritizes diversity, equity and inclusion — a key part of the sustainable growth initiative that has dominated the world over the past decade. According to a survey jointly conducted by the Korea Economic Research Institute and Korea Research, 73 percent of respondents said they were willing to pay more for products made by companies that bolster environmental protection. About 70 percent said they would do the same for companies that fulfill corporate responsibilities. Respondents in the 50 to 60 age group were more willing to pay extra, compared to their peers in the 20 to 29 age group. More than a third —35 percent — said they would evaluate companies highly if they made significant corporate effo

Mar 21, 2025By Lee Kyung-min
More than 70% of consumers willing to spend more on ESG goods
Companies

Oriental Brewery to raise prices of some beers next month

Oriental Brewery (OB), Korea's largest brewer, said Friday it will raise prices of some beers next month to reflect higher raw materials costs. The retail prices of its major beer products, including Cass and Hanmac, will go up by an average of 2.9 percent on April 1, the company said in a press release. "High exchange rates have continued for some time, pushing up a variety of raw material prices," it said, referring to the weak won against the U.S. dollar. But the company will freeze the price of its 500-milliliter Cass canned beer as it is the most popular beer item sold at convenient stores, it said. Previously, OB raised the prices of its major products by an average of 6.9 percent in October 2023. OB, wholly owned by Belgian brewing giant Anheuser-Busch InBev, accounts for about 50 percent of the local beer market. (Yonhap)

Mar 21, 2025By yonhap
Oriental Brewery to raise prices of some beers next month
Companies

Hyundai to double down on US production with new EV plant opening amid Trump risks

Hyundai Motor Group is accelerating efforts to expand its production footprint in the United States, amid U.S. President Donald Trump's continued call for foreign companies to manufacture in the country to do business there, according to industry observers Friday. According to the industry sources, the group plans to hold an official opening ceremony next week for Hyundai Motor Group Metaplant America (HMGMA), its electric vehicle (EV) and hybrid production facility located in Savannah, Georgia. Although the 11.83 million-square-meter plant has been in partial operation since late last year, it will officially commence full-scale operations following the ceremony. HMGMA currently operates under a limited capacity of 300,000 units per year, but Hyundai aims to boost it up to 500,000 units once the US$5.54 billion facility becomes fully operational. Combined with Hyundai Motor's existing Alabama plant, with a capacity of 330,000 units, and Kia's 350,000-unit plant, the Korean automotive group is poised to boost its U.S.-based production capacity to around 1.18 million vehicles per year. Las

Mar 21, 2025By yonhap
Hyundai to double down on US production with new EV plant opening amid Trump risks
Companies

Korean energy firms await meetings with Alaska governor in Seoul

Major Korean energy companies are preparing for separate meetings with Alaska Gov. Mike Dunleavy, who is scheduled to visit Seoul on Monday and Tuesday to discuss Korea's potential participation in the development of gas fields in the northwestern state. According to industry officials on Friday, companies considering meetings with Dunleavy include POSCO International, SK Innovation E&S, GS Energy and SeAH Steel. "We are arranging a meeting with the governor, but the timing and participants have yet to be confirmed," an official from one of the Korean firms said. "The specific agenda of the meeting also remains unclear." Given Korean energy firms' extensive experience in establishing liquefied natural gas (LNG) supply chains globally, Dunleavy is widely expected to introduce the Alaska LNG project and seek their participation and investment in the $44 billion initiative. The project aims to construct a nearly 1,300-kilometer gas pipeline from Alaska’s vast North Slope to the southern port of Nikiski. Earlier this month, U.S. President Donald Trump, who has consistently supported a majo

Mar 21, 2025By Park Jae-hyuk
Korean energy firms await meetings with Alaska governor in Seoul
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