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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Business

Wed, March 22, 2023 | 15:23

Samsung, SK hynix breathe sigh of relief as US 'guardrails' are less tough than feared

Samsung, SK hynix breathe sigh of relief as US 'guardrails' are less tough than feared

Korean chipmakers appeared to breathe a sigh of relief Wednesday, as the U.S. government's new rules for the Chips Act, announced last night, were less stringent than had been previously feared.

2023-03-22 14:56

SsangYong Motor reborn as KG Mobility after takeover

SsangYong Motor reborn as KG Mobility after takeover

SsangYong Motor on Wednesday changed its name to KG Mobility to transform itself into a future mobility solutions company.

2023-03-22 14:35

Hyundai Heavy builds world's first 200 million BHP engine

Hyundai Heavy builds world's first 200 million BHP engine

ULSAN - Hyundai Heavy Industries (HHI) celebrated its achievement of becoming the world's first company to produce two-stroke ship engines with an aggregate output of 200 million brake horsepower (BHP) at a ceremony at its headquarters in the southeastern port city, Wednesday.

Park Jae-hyuk | 2023-03-22 14:34

Parliamentary committee passes bill on expanding tax incentives for chipmakers

Parliamentary committee passes bill on expanding tax incentives for chipmakers

The parliamentary strategy and finance committee Wednesday passed a bill aimed at supporting the semiconductor industry by giving bigger tax incentives to chipmakers.

2023-03-22 14:33

Kakao Mobility acquires British ride-hailing startup Splyt

Kakao Mobility acquires British ride-hailing startup Splyt

Kakao Mobility, a mobility subsidiary of Korea's tech giant Kakao, said Wednesday that it has acquired the British ride-hailing startup Splyt as part of its plans to go abroad.

2023-03-22 13:42

GM launches Trax Crossover in S. Korea

GM launches Trax Crossover in S. Korea

General Motors (GM) on Wednesday began to sell the Trax Crossover in Korea following its launch in the U.S. market late last year.

2023-03-22 11:40

Chips Act incentives limit expansion of semiconductor manufacturing capacity in China by 5%

Chips Act incentives limit expansion of semiconductor manufacturing capacity in China by 5%

The U.S. CHIPS and Science Act will limit to 5 percent the expansion of semiconductor manufacturing capacity in foreign countries of concern for companies that receive funds under the new act, the U.S. Department of Commerce has announced.

2023-03-22 09:40

Apple working on expanding Apple Pay service in Korea: senior executive

Apple working on expanding Apple Pay service in Korea: senior executive

Apple's long-awaited mobile payment service, Apple Pay, has finally landed in Korea this week, some seven years after the service was first initiated in the United States.

2023-03-22 09:40

Outback Steakhouse sees sales soar as it opens stores in large shopping malls

Outback Steakhouse sees sales soar as it opens stores in large shopping malls

Outback Steakhouse's four new restaurants that have moved into nearby shopping mall complexes as part of its relocation strategy, saw their monthly sales jump up to 70 percent on average in 2022 from the previous year, the company said Tuesday.

Kim Jae-heun | 2023-03-22 08:50

Korean firms balk at donating to fund compensating victims of Japan's forced labor

Korean firms balk at donating to fund compensating victims of Japan's forced labor

Most of the state-run and private Korean companies that benefited from the 1965 Korea-Japan treaty appear to be hesitant about donating to a fund compensating Korean victims of forced labor under Japan's colonial rule, according to industry officials, Monday. The treaty enabled the resumption of bilateral diplomatic relations after WWII, in exchange for $500 million (655 bill...

Lee Kyung-min | 2023-03-22 08:17

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Top 10 Stories

1	Japanese students' field trips to Korea resume after pandemic hiatus

2	Possibly next SOHO, Seoul selects 5 neighborhoods for new signature 'K-alleys'

3	President Yoon refutes criticism of fence-mending summit with Japan

4	Kakao criticized for half-baked AI chatbot

5	Lotte desperate to win LVMH Chairman Arnault's heart

6	Apple Pay service starts in Korea

7	US report voices concerns over S. Korea's press freedom

8	Busan to have alternate no-driving days during Expo inspection

9	LVMH allegedly joins takeover bid to acquire Missha

10	Shinhan, Woori shine in overseas business

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