my timesThe Korea Times

Business

Tech & ScienceCompaniesBanking & FinanceMost respected CEOsAPEC 2025Others
  • Companies

    Carmakers intensify rivalry in SDVs

    Global automakers are shifting the competitive battleground in Korea from traditional hardware to software-defined vehicles (SDVs), as cutting-edge operating systems and in-vehicle artificial intelligence (AI) functions emerge as key differentiators in an era of connected cars. The trend is visible, as a wave of new models launched this year are positioning advanced software capabilities as their definitive selling points. They include Hyundai Motor’s Grandeur, BMW Korea’s iX3, Toyota Motor Korea’s RAV4 and Zeekr’s 7X. Toyota is the latest carmaker to join the SDV competition. Last week, the Japanese carmaker launched its six-generation RAV4 flagship SUV built on its foundational SDV platform, Arene. Of particular note is that Toyota collaborated with LG Uplus to integrate tailored connected-car services to adapt the vehicle for the tech-savvy Korean market. The telecom operator also identifies the automotive infotainment as its next key growth driver. European and Chinese competitors are also raising the stakes with high-performance computing hardware. BMW Korea’s recently laun

    2 MIN READBy Lee Min-hyung
    Carmakers intensify rivalry in SDVs
  • Companies

    Why foreign shoppers are flocking to this Seoul lifestyle store

    2 MIN READBy Lee Kyung-min
    Why foreign shoppers are flocking to this Seoul lifestyle store
  • Companies

    Nexen Tire to supply original equipment tires to 2 BYD models

    1 MIN READBy Jhoo Dong-chan
    Nexen Tire to supply original equipment tires to 2 BYD models
  • Companies

    Hyundai Engineering files patents for AI-based leak detection system

    2 MIN READBy Jhoo Dong-chan
    Hyundai Engineering files patents for AI-based leak detection system
  • Companies

    GS E&C partners with I Squared Capital to expand renewable energy development

    2 MIN READBy Lee Gyu-lee
    GS E&C partners with I Squared Capital to expand renewable energy development
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

Banking & Finance

MBK Partners revisits sale of Lotte Card

Lotte Card has been put up for sale again after a two-year hiatus.

Dec 3, 2024By Jun Ji-hye
MBK Partners revisits sale of Lotte Card
Companies

Duty free shops in slump without Chinese patrons

Major duty free shops in Korea are facing significant losses that are unlikely to recover, as tourists in the country are embracing a new trend, shifting away from the once-popular shopping sector among foreigners.

Dec 3, 2024By Ko Dong-hwan
Duty free shops in slump without Chinese patrons
Companies

Labor costs picked as top reason to hire foreign workers

The main reason for small and medium-sized enterprises (SMEs) in Korea to use migrant labor this year was relatively lower wages of foreign workers, compared to those of their Korean colleagues.

Dec 3, 2024By Park Jae-hyuk
Labor costs picked as top reason to hire foreign workers
  • Seoul City faces growing calls to scrap Filipino nanny program
  • 7 out of 10 companies in Korea willing to hire foreign workers
Companies

Trump's return sparks big deals in battery industry

Major decisions have been made within the battery industry ahead of the return of former U.S. President Donald Trump to the White House next month.

Dec 3, 2024By Park Jae-hyuk
Trump's return sparks big deals in battery industry
  • POSCO, EcoPro, LG hit by looming Trump tariffs on battery materials
Banking & Finance

Shinhan Financial supports startups

Shinhan Financial Group Chairman Jin Ok-dong, front, poses with representatives of startups that participated in Shinhan Future’s Lab, a startup nurturing program, at SJ.Kunsthalle in southern Seoul, Monday. Marking its 10th anniversary this year, the program has helped 464 startups attract 95.8 billion won ($68.2 million) in investments combined, as well as leading to 285 collaborative projects with Shinhan. Courtesy of Shinhan Financial Group

Dec 3, 2024By Yoon Ja-young
Shinhan Financial supports startups
Companies

Pharmaceutical giant Celltrion fined for unfair business practices

Korea's antitrust regulator said Tuesday it has fined leading drugmaker Celltrion 435 million won ($309,873) for engaging in unfair business practices.

Dec 3, 2024By Yonhap
Pharmaceutical giant Celltrion fined for unfair business practices
Tech & Science

LG CNS to launch smart building DX business in US

LG CNS has entered the U.S. building digital transformation (DX) technology market by signing a memorandum of understanding (MOU) with SomeraRoad, a U.S.-based real estate investment and development firm, and Mastern America, the U.S. arm of Mastern Investment Management.

Dec 3, 2024By Nam Hyun-woo
LG CNS to launch smart building DX business in US
Companies

LG Energy Solution, GM to jointly develop prismatic battery cells

Korean battery maker LG Energy Solution (LGES) said Tuesday it has signed a deal with General Motors to develop prismatic battery cells.

Dec 3, 2024By Yonhap
LG Energy Solution, GM to jointly develop prismatic battery cells
Companies

US chip export curbs on China to have limited impact on Korea: gov't

The United States' latest export control package against China is expected to have only a limited impact on Korea's semiconductor industry, officials said Tuesday, citing local businesses' low dependence on the Chinese market in the sector.

Dec 3, 2024By Yonhap
US chip export curbs on China to have limited impact on Korea: gov't
  • US unveils new package of chip export controls against China
Companies

POSCO labor union takes step closer to launching first-ever strike

Unionized workers of South Korea's top steelmaker POSCO held a ceremony Monday to demonstrate their intention to launch their first-ever strike, officials said.

Dec 2, 2024By Yonhap
POSCO labor union takes step closer to launching first-ever strike
previous page
646647648649650
next page

Most Read in Business