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    Hyundai Motor union set to leverage strike against Atlas robot deployment

    Hyundai Motor’s labor union is poised to use a potential strike as leverage to secure job protections against the carmaker’s planned deployment of Atlas humanoid robots in its manufacturing operations. More than 86 percent of the carmaker’s roughly 40,000 union members voted in favor of the walkout, Wednesday, setting the stage for a contentious showdown over wages, job security and the upcoming robot deployment. The union also gained the legal right to go ahead with the strike, Thursday, after a state labor mediation committee decided to suspend its arbitration process between the two sides. While the carmaker’s annual wage negotiation has typically revolved around compensation, this year’s talks have hit a roadblock over a new core agenda on manufacturing automation amid the rise of physical artificial intelligence (AI). Earlier this year, Hyundai Motor Group unveiled its plan to gradually deploy Boston Dynamics’ Atlas humanoid robots across its major production lines here and abroad, which has drawn severe backlash from its union. Starting from 2028, the carmaker is schedul

    3 MIN READBy Lee Min-hyung
    Hyundai Motor union set to leverage strike against Atlas robot deployment
  • Business

    HD Hyundai, LS, SK hit pause on IPO plans as Korea delays dual-listing rules

    2 MIN READBy Lee Yeon-woo
    HD Hyundai, LS, SK hit pause on IPO plans as Korea delays dual-listing rules
  • Companies

    JoongAng Group's fate split between court, creditors

    3 MIN READBy Jun Ji-hye
    JoongAng Group's fate split between court, creditors
  • Companies

    Hyundai Motor unveils redesigned AI-driven Avante sedan

    3 MIN READBy Lee Min-hyung
    Hyundai Motor unveils redesigned AI-driven Avante sedan
  • Companies

    LS vice chairman highlights North America as cornerstone of global growth strategy

    2 MIN READBy Lee Gyu-lee
    LS vice chairman highlights North America as cornerstone of global growth 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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Banking & Finance

Trump's tariff war heightens need for supplementary budget

Korea is facing growing calls for a supplementary budget to prop up its sagging economy as the escalating global trade war ignited by U.S. President Donald Trump’s hostile tariff policies against trading partners will likely put a dent in its exports, economists and scholars said Tuesday.

Feb 4, 2025By Yi Whan-woo
Trump's tariff war heightens need for supplementary budget
Companies

Retail giants seek new revenue engines in India, Southeast Asia

Lotte Group and Shinsegae Group are expanding into India and Southeast Asia to reduce their reliance on the Korean market, as the country faces weakening domestic consumption.

Feb 4, 2025By Lee Min-hyung
Retail giants seek new revenue engines in India, Southeast Asia
Companies

Celebrity restaurateur Paik Jong-won reported for using gas tanks indoors for frying

Paik Jong-won, CEO of food and beverage company Theborn Korea, known for his role as a judge on Netflix’s cooking competition show “Culinary Class Wars,” has sparked controversy after it was revealed that he used liquefied petroleum gas (LPG) tanks indoors for frying.

Feb 4, 2025By KTimes
Celebrity restaurateur Paik Jong-won reported for using gas tanks indoors for frying
Tech & Science

OpenAI chief seeks Korean partners in global AI competition

OpenAI CEO Sam Altman strengthened the company’s ties with a variety of Korean tech firms during his tightly packed visit to Seoul, Tuesday, forming a strategic collaboration with a domestic mobile messenger operator and meeting the heads of the world’s top artificial intelligence (AI)-specific memory chipmakers.

Feb 4, 2025By Nam Hyun-woo
OpenAI chief seeks Korean partners in global AI competition
  • WRTN launches 'secure' KakaoTalk-based DeepSeek AI service
Banking & Finance

Hana Financial to buy back treasury stocks worth $270 mil.

Hana Financial Group decided to repurchase and retire treasury shares worth 400 billion won ($270.3 million) to enhance its corporate value amid record-high profits, it said Tuesday. This marks the largest share buyback and retirement since the group's founding.

Feb 4, 2025By Lee Yeon-woo
Hana Financial to buy back treasury stocks worth $270 mil.
Banking & Finance

Young Poong files injunction to suspend Korea Zinc-recommended board members

Young Poong, which joined forces with private equity firm MBK Partners to secure control of Korea Zinc, has filed an injunction request with the Seoul Central District Court to suspend the seven board members recommended by the zinc smelter. The request cites significant procedural flaws in their appointments, the Young Poong-MBK alliance said Tuesday.

Feb 4, 2025By Jun Ji-hye
Young Poong files injunction to suspend Korea Zinc-recommended board members
Companies

Korean conglomerates have over 200 entities in Mexico, Canada: report

Korean conglomerates operate more than 200 business entities in Mexico and Canada facing heavy tariffs by the U.S. government, possibly from next month, a report showed Tuesday.

Feb 4, 2025By Yonhap
Korean conglomerates have over 200 entities in Mexico, Canada: report
Tech & Science

WRTN launches 'secure' KakaoTalk-based DeepSeek AI service

Korean artificial intelligence (AI) startup WRTN said Tuesday it launched an AI agent service, powered by DeepSeek’s R1 model, on Korea’s top mobile messenger, KakaoTalk.

Feb 4, 2025By Nam Hyun-woo
WRTN launches 'secure' KakaoTalk-based DeepSeek AI service
  • OpenAI chief seeks Korean partners in global AI competition
Tech & Science

CrossFire cements position as long-lasting esports game

Game developer Smilegate’s hit first-person shooter, CrossFire, is successfully consolidating its position as a long-running esports title, with the players and fan base for its top tournament, CrossFire Stars (CFS), showing stable growth even after the competition’s 11-year run.

Feb 4, 2025By Nam Hyun-woo
CrossFire cements position as long-lasting esports game
Banking & Finance

$265 million in improper loans discovered at Woori, Kookmin, NongHyup

The Financial Supervisory Service (FSS) uncovered a total of 482 cases of inappropriate loans amounting to 387.5 billion won ($265 million) at Woori Bank, KB Kookmin Bank and NH NongHyup Bank, the financial watchdog said Tuesday.

Feb 4, 2025By Jun Ji-hye
$265 million in improper loans discovered at Woori, Kookmin, NongHyup
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