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The Korea Times

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Thu, March 30, 2023 | 10:35

Hyundai, BMW and Ford to recall over 12,000 vehicles over faulty parts

Hyundai, BMW and Ford to recall over 12,000 vehicles over faulty parts

Hyundai Motor, BMW Korea and Ford Sales Service Korea will voluntarily recall over 12,000 vehicles to fix faulty components, the transport ministry said Thursday.

2023-03-30 09:32

LX Hausys inks strategic alliance with Reynaers for high-end home windows market

LX Hausys inks strategic alliance with Reynaers for high-end home windows market

LX Hausys is joining hands with Belgian aluminum window company Reynaers to accelerate its advance into the domestic high-end aluminum window market, according to the company, Wednesday. The two firms signed a strategic partnership at the Korean company's headquarters in Seoul, with LX Hausys CEO Han Myeung-Ho and Reynaers Vice Chairman Andreas Wilsdorf in attendance.

2023-03-29 17:44

Hyosung chairman wins top management award for global growth, future value creation

Hyosung chairman wins top management award for global growth, future value creation

Hyosung Group Chairman Cho Hyun-joon has won the top management award for his contribution to the global growth of the group, the firm said Wednesday.

2023-03-29 17:12

[CONTRIBUTION] Carbon neutrality and Korean manufacturing

CONTRIBUTIONCarbon neutrality and Korean manufacturing

In October 2021, the Korean government issued aggressive new greenhouse gas (GHG) reduction targets. These were accompanied by a scenario describing how the country could go carbon neutral by 2050. For the industrial sector, the government pledged by 2030 to reduce GHG emissions by 14.5 percent compared to 2018 levels.

2023-03-29 16:36

Tax certainty, labor reform, better IP protection will help Korea become Asia's business hub: AMCHAM

Tax certainty, labor reform, better IP protection will help Korea become Asia's business hub: AMCHAM

Greater policy certainty in corporate taxes, flexibility in the labor market and enhanced intellectual property (IP) rights are needed to make Korea a regional business hub in Asia, according to the American Chamber of Commerce in Korea (AMCHAM Korea), Wednesday.

2023-03-29 16:18

Starbucks Korea CEO meets store staff

Starbucks Korea CEO meets store staff

Starbucks Korea CEO Son Jung-hyun, fourth from right in the front row, poses with store personnel at the company's headquarters in Seoul, on March 28. The coffee house chain plans to further strengthen communication with its employees through the Starbucks Discovery Program, which provides them a chance to meet with the CEO and visit the company's headquarters as well as othe...

2023-03-29 16:16

GoldenBlue to sue Carlsberg over terminated contract

GoldenBlue to sue Carlsberg over terminated contract

GoldenBlue will file a lawsuit against Carlsberg for its unilateral termination of a distribution contract, seeking financial compensation from the beer that has a royal warrant of appointment, Korea's largest local liquor company said Wednesday. The firm also plans to visit the Embassy of Denmark in Korea to protest Carlsberg's “unfair” business practices and file a complain...

2023-03-29 16:16

Apple to open 5th retail store in Korea this week

Apple to open 5th retail store in Korea this week

U.S. tech giant Apple said Wednesday it will open its fifth retail store in Korea later this week, strengthening its presence in the country where its rival Samsung Electronics is maintaining a dominant market position.

2023-03-29 14:25

'Portability was key factor in designing glo Hyper X2': BAT's head designer

'Portability was key factor in designing glo Hyper X2': BAT's head designer

Portability was what Ken Kim, a group head of design at British American Tobacco (BAT) Rothman, had focused the most on when he was designing the company's latest tobacco heating product glo Hyper X2, the designer said during a video interview, Tuesday. The head designer met with reporters online to share his design philosophy and the stories behind the development of glo Hyp...

2023-03-28 17:52

Bid Committee for World Expo 2030 Busan signs MOU with Hyundai Motor Group

Bid Committee for World Expo 2030 Busan signs MOU with Hyundai Motor Group

The public-private committee promoting Busan's bid to host the World Expo 2030 has signed a memorandum of understanding (MOU) with Hyundai Motor Group, in a coordinated effort to illustrate the capabilities of Korea's infrastructure and technological advancements in high-tech and green electric vehicles (EVs), market watchers said, Tuesday.

2023-03-28 17:17

Baby Shark named as 5th brand ambassador for World Expo 2030 Busan

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