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The Korea Times

The Korea Times

The Korea Times

Business

Mon, September 25, 2023 | 16:26

POSCO International to capture, store carbon off Texas coastline

POSCO International to capture, store carbon off Texas coastline

An international consortium comprised of POSCO International, Spain's Repsol, America's Carbonvert and Japan's Mitsui E&P was selected as the preferred bidder for the Texas state government's carbon capture and storage (CCS) project, according to the Korean trading and energy firm, Wednesday.

Park Jae-hyuk | 2023-09-06 15:41

Hanwha heir meets Polish president for $2.4 billion submarine deal

Hanwha heir meets Polish president for $2.4 billion submarine deal

Hanwha Group Vice Chairman Kim Dong-kwan met with Polish President Andrzej Duda, Tuesday (local time), at the company's exhibition pavilion for the International Defence Industry Exhibition (MSPO) in the Polish city of Kielce.

Park Jae-hyuk | 2023-09-06 13:45

Lotte Mart to create special shopping zones for non-Korean tourists

Lotte Mart to create special shopping zones for non-Korean tourists

Lotte Mart, one of Korea's major supermarket chains, will create special shopping zones for non-Korean tourists at its branches frequently visited by inbound travelers, its operator said Wednesday.

2023-09-06 11:09

Imported car sales fall 2.1% in August amid lack of supply

Imported car sales fall 2.1% in August amid lack of supply

Imported vehicle sales in Korea fell 2.1 percent last month from a year earlier amid a lack of supplies in some brands, an industry association said Tuesday.

2023-09-05 17:24

Ozys inks partnership with SKT for Web3 biz

Ozys inks partnership with SKT for Web3 biz

Ozys, a blockchain technology company, signed a partnership with SK Telecom to expand the ecosystem of Web3, the company said Tuesday. Ozys said it signed a memorandum of understanding with the country's largest mobile carrier SK Telecom on Aug. 28 for Web3, a term used to describe technologies that decentralize data ownership and control on the internet, including the blockc...

Baek Byung-yeul | 2023-09-05 17:05

Court rules Hanwha illegally aided firm owned by chairman's sister

Court rules Hanwha illegally aided firm owned by chairman's sister

A Seoul court has dismissed a lawsuit filed by Hanwha Solutions seeking to reject fines placed on it over its alleged involvement in unfair trading practices with HanExpress, a logistics and shipping firm headed by an older sister of Hanwha Group Chairman Kim Seung-yeon.

Lee Min-hyung | 2023-09-05 16:40

Soaring fuel costs force airlines to shift to emergency mode

Soaring fuel costs force airlines to shift to emergency mode

Korean Air, Asiana Airlines and low-cost carriers have shifted to emergency mode to attract as many passengers as possible to cope with soaring fuel costs and other operating expense increases, according to industry officials, Tuesday. The number of passengers has been on a rapid recovery track this year, but surging fuel costs are casting dark clouds over the earnings outloo...

Lee Min-hyung | 2023-09-05 16:40

Display equipment maker SFA bolsters EV battery biz

Display equipment maker SFA bolsters EV battery biz

SFA, a local display equipment maker, is moving to diversify its business portfolio by expanding beyond displays, the company said Tuesday. Among the non-display sectors, the company said it will focus on equipment for electric vehicle (EV) batteries, saying it will apply the laser technologies it has accumulated in the display sector to its batteries to increase its presence...

Baek Byung-yeul | 2023-09-05 16:38

SK enmove to focus on lubricants for energy efficiency

SK enmove to focus on lubricants for energy efficiency

SK enmove unveiled its goal of becoming a global top-tier company in the energy-efficient lubricant market by 2040 with ZIC e-FLO, its new product named after its signature internal combustion engine oil brand.

Park Jae-hyuk | 2023-09-05 16:35

Samsung Electro-Mechanics, LG Innotek showcase latest chip substrates at KPCA

Samsung Electro-Mechanics, LG Innotek showcase latest chip substrates at KPCA

Korea's two major printed circuit board (PCB) makers are expected to showcase their latest products at an industry exhibition in Incheon this week.

Ko Dong-hwan | 2023-09-05 16:34

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