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Asia

The Korea Times

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Thu, June 1, 2023 | 10:29

Asiana Airlines' Q1 net losses widen on weak won

Asiana Airlines' Q1 net losses widen on weak won

Asiana Airlines, Korea's second-biggest carrier by sales, said Monday its net losses widened in the first quarter from a year earlier as a weak won drove up operating costs.

2023-05-15 17:59

BMW breaks ground on R&D center in Incheon's Cheongna

BMW breaks ground on R&D center in Incheon's Cheongna

BMW Group Korea has begun the construction of a research and development center in Incheon's Cheongna International City, said the Korean office of the global automotive titan, Monday.

2023-05-15 16:39

Samsung Electronics to open flagship store in Gangnam to rival Apple

Samsung Electronics to open flagship store in Gangnam to rival Apple

Samsung Electronics is preparing to open a flagship store near Gangnam Station in southern Seoul, in response to Apple's fifth domestic Apple Store, Apple Gangnam. The Samsung store, named Samsung Gangnam, is expected to open by the end of June.

2023-05-15 16:34

Electricity, gas rates to be raised to cap soaring losses

Electricity, gas rates to be raised to cap soaring losses

A four-person household will shoulder an additional 7,400 won ($5.52) increase on average in their combined monthly gas and electricity bills from June following an 8 won per kilowatt hour (kWh) hike in power rates and a 1.04 won per megajoule (MJ) rise in gas bills, the government said Monday. The new electricity and gas rates will come into effect from May 16.

2023-05-15 16:10

Will utility fee hikes affect inflation cooldown?

Doosan Enerbility starts manufacturing parts for new nuclear reactors

Doosan Enerbility starts manufacturing parts for new nuclear reactors

CHANGWON, South Gyeongsang Province - A 17,000-ton forging press, 23 meters high and eight meters wide, was operating on Monday at Doosan Enerbility's main factory in the southeastern industrial city.

2023-05-15 15:30

Hyundai Motor posts solid growth in India

Hyundai Motor posts solid growth in India

Hyundai Motor Group is expanding its presence in the Indian market, which has evolved into the world's third-largest car market after the U.S. and China. According to the Society of Indian Automobile Manufacturers (SIAM) Monday, the combined sales of Hyundai Motor and Kia Corp. in India from January to April reached 295,359 vehicles, approaching the 300,000 mark and up 15.5 p...

2023-05-15 14:59

China suspected of hampering Busan's World Expo bid

China suspected of hampering Busan's World Expo bid

Concerns have been raised among Korean businesspeople, as China is said to be trying to thwart their ongoing efforts to win international support for Busan's bid to host the World Expo 2030, according to industry officials, Sunday. The world's second-largest economy has reportedly been asking developing countries to vote for the Saudi Arabian capital of Riyadh at November's m...

2023-05-14 16:54

Samsung chief meets Elon Musk for partnership in autonomous driving, system chips

Samsung chief meets Elon Musk for partnership in autonomous driving, system chips

Samsung Electronics Executive Chairman Lee Jae-yong met with Tesla CEO Elon Musk at Samsung Semiconductor U.S. R&D Labs in Silicon Valley, Thursday to discuss cooperation in the future advanced industrial field including autonomous driving semiconductor production, the company said Sunday. This was the first private meeting between the two.

2023-05-14 16:20

'Samsung Electronics to establish high-tech semiconductor R&D base in Japan'

'Samsung Electronics to establish high-tech semiconductor R&D base in Japan'

Samsung Electronics will build a development facility in Yokohama, in what is a collaboration between the chip industries of Japan and Korea, according to a Nikkei report, Sunday. Samsung was unavailable for comment.

2023-05-14 16:06

Kakao restructures money-losing affiliate

Kakao restructures money-losing affiliate

Kakao Enterprise, the business-to-business (B2B) subsidiary of Kakao Corp., said it will fortify cloud-based businesses, in a move to restructure the money-losing entity which is certain to extend years of losses that began in 2021.

2023-05-14 15:14

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4	North Korea's spy satellite launch fails as rocket falls into sea

5	Retailers adopt generative AI to offer personalized products, services

6	Committee calls for lowering requirements for foreigners to teach English online

7	Chinese account for 54% of foreign-owned homes in Korea

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9	LS chairman appears in YouTube commercial

10	Samsung Sharing Kiosk raises $174,000 to help children in need

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