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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

    Korean president, Samsung Electronics chief discuss chip cluster investment in southern region

    2 MIN READBy Yonhap
    Korean president, Samsung Electronics chief discuss chip cluster investment in southern region
  • Companies

    Transport ministry approves Korean Air's integration with Asiana Airlines

    1 MIN READBy Yonhap
    Transport ministry approves Korean Air's integration with Asiana Airlines
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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

Hanwha Systems earns US certification for ship cybersecurity

Hanwha Systems’ proprietary cybersecurity solution, SecuAider, received the E27 Type Approval certification from the American Bureau of Shipping (ABS), marking the first time an Asian company has achieved this milestone, the company said on Tuesday. The certification positions Hanwha Systems to expand into the global shipbuilding and maritime cybersecurity market.

Jan 21, 2025By Nam Hyun-woo
Hanwha Systems earns US certification for ship cybersecurity
Companies

Threats, new horizons loom for Korean industries as Trump's 2nd term brings uncertainties

As Donald Trump takes office for his second term as U.S. president, Korean industries are closely watching for potential changes in Washington's economic and trade policies, which could significantly impact their American businesses, industry observers said Tuesday.

Jan 21, 2025By Yonhap
Threats, new horizons loom for Korean industries as Trump's 2nd term brings uncertainties
Companies

Serving sizes shrink in Korea as more people dine alone

Restaurant and delivery foods that have been popular picks for parties and gatherings are becoming smaller in size. The trend is due to the rise in the number of solo customers and single-person households in Korea.

Jan 21, 2025By Ko Dong-hwan
Serving sizes shrink in Korea as more people dine alone
Companies

BYD to follow AliExpress model for faster inroads into Korea

BYD Korea will adopt a similar strategy to AliExpress by prioritizing the expansion of its initial market share through aggressive pricing even at the cost of a low margin, experts and industry officials said Monday.

Jan 21, 2025By Lee Min-hyung
BYD to follow AliExpress model for faster inroads into Korea
Companies

TRUMP 2.0 Uncertainties over Trump's tariff threats remain too large to predict

When the Washington Post on Jan. 6 reported that then-U.S. President-elect Donald Trump might impose universal tariffs on certain critical sectors, rather than all imports, the dollar index, which compares the value of the U.S. dollar against six major currencies, fell more than 1 percent, snapping the greenback’s rally in recent months.

Jan 21, 2025By Nam Hyun-woo
[TRUMP 2.0] Uncertainties over Trump's tariff threats remain too large to predict
Banking & Finance

TRUMP 2.0 Shipbuilders, defense contractors top stock picks as 2nd Trump presidency begins

Shares of South Korean shipbuilders and defense contractors are being highlighted as top picks in anticipation of U.S. President Donald Trump's plans to strengthen U.S. naval forces during his second term.

Jan 21, 2025By Yi Whan-woo
[TRUMP 2.0] Shipbuilders, defense contractors top stock picks as 2nd Trump presidency begins
Companies

PTKOREA's older adult internship program creates synergy

PTKOREA, a digital marketing service subsidiary of Cheil Worldwide, said Monday that its senior internship program is fostering synergy between the company’s young workforce and older interns, with both groups playing complementary roles in marketing activities targeting older consumers.

Jan 20, 2025By Nam Hyun-woo
PTKOREA's older adult internship program creates synergy
Companies

Starbucks Korea to raise prices of 22 beverages

Starbucks Korea announced, Monday, that it will raises the prices of 22 coffee and tea beverages by 200 won ($0.15) to 300 won on Friday, citing soaring ingredient costs and the rising exchange rate due to the weakening Korean currency.

Jan 20, 2025By Ko Dong-hwan
Starbucks Korea to raise prices of 22 beverages
Business

Trump gov't unlikely to place heavy tariffs on Korea's food exports: agriculture minister

Minister of Agriculture, Food and Rural Affairs Song Mi-ryung said Monday that the new U.S. administration under Donald Trump would not significantly pressure Korea by raising tariffs on its exports of food and related products, actions that could raise retail prices of popular Korean food items in the U.S. market.

Jan 20, 2025By Ko Dong-hwan
Trump gov't unlikely to place heavy tariffs on Korea's food exports: agriculture minister
Banking & Finance

Courthouse violence adds to concerns over Korea's credit rating

An instance of mob violence that erupted on Sunday in protest of a court’s decision to formally arrest President Yoon Suk Yeol is feared to negatively impact Korea’s sovereign credit rating.

Jan 20, 2025By Yi Whan-woo
Courthouse violence adds to concerns over Korea's credit rating
  • 66 supporters of Yoon face arrest for violence at Seoul court
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