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The Korea Times

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Asia

The Korea Times

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Wed, February 1, 2023 | 11:44

Coca-Cola Korea appoints new chief

Coca-Cola Korea appoints new chief

Coca-Cola Korea Company announced Thursday that it has appointed Jung Ki-sung as its new chief. His promotion to the head position was attributed to his vast experience within the company, as he is evaluated to have contributed to the firm's business growth. Since joining Coca-Cola Korea back in 2000, Jung served in various roles at the company over two decades. Jung started ...

Anna J. Park | 2023-01-12 16:34

US benefits from Korea's disinterest in solar power industry

US benefits from Korea's disinterest in solar power industry

The Yoon Suk Yeol administration's obvious preference for nuclear energy over renewables has unintentionally created thousands of new jobs in the U.S. solar power industry, as Korean companies began shifting their focus to the North American market from the shrinking domestic market, according to industry officials, Thursday. After Hanwha Solutions held a press conference on ...

2023-01-12 16:27

Korea to boost share of nuclear power to 34.6% of energy mix by 2036

Korea to boost share of nuclear power to 34.6% of energy mix by 2036

Korea will increase the proportion of nuclear power to over 30 percent of the country's total energy mix by 2036, while the share of renewable energy will rise to 20 percent, the government said Thursday. The proportion of fossil fuel and liquefied natural gas (LNG) will be drastically reduced to below 15 percent and 10 percent, respectively. The Ministry of Trade, Industry a...

2023-01-12 16:21

Kakao Entertainment draws equity financing of $964 mil. from Singapore, Saudi Arabia

Kakao Entertainment draws equity financing of $964 mil. from Singapore, Saudi Arabia

Kakao Entertainment, a cultural content affiliate of Kakao Corp., said Thursday that it has drawn equity financing to the amount of 1.2 trillion won ($964 million) from leading global sovereign wealth funds. They are Singapore's Government of Singapore Investment Corp (GIC) and Saudi Arabia's Public Investment Fund (PIF).

2023-01-12 15:52

Is Elon Musk losing interest in Korea?

Is Elon Musk losing interest in Korea?

President Yoon Suk Yeol's teleconference last November with Tesla CEO Elon Musk appears to have ended fruitlessly, as the U.S. electric vehicle (EV) manufacturer is about to build its second Asian Gigafactory in Indonesia, instead of Korea, according to foreign news outlets, Thursday. Bloomberg News reported on Wednesday that Tesla is close to a preliminary deal to set up its...

2023-01-12 15:35

Chung Euisun named MotorTrend Person of the Year

Chung Euisun named MotorTrend Person of the Year

Hyundai Motor Group Executive Chair Chung Euisun has been selected to win the MotorTrend Person of the Year award, according to the company, Thursday. The MotorTrend Power List ranks the 50 most influential people in the global automotive industry each year. During the past five years, Chung has risen progressively from his first appearance on the power list at No. 12 in 2018...

2023-01-12 15:09

Korea's ICT exports hit record high of $233 bil. in 2022

Korea's ICT exports hit record high of $233 bil. in 2022

Korea's exports of information and communication technology (ICT) products hit a fresh high last year on strong overseas demand for chips and mobile phones, data showed Thursday.

2023-01-12 13:18

Kakao Entertainment secures $966 mil. investment from sovereign wealth funds

Kakao Entertainment secures $966 mil. investment from sovereign wealth funds

Korean tech conglomerate Kakao said on Thursday unit Kakao Entertainment secured a 1.2 trillion won ($966.27 million) investment from leading sovereign wealth funds.

2023-01-12 10:08

Should Sejong get KTX station?

Should Sejong get KTX station?

Should the KTX bullet train have a stop in Sejong, an administrative city south of Seoul? The long debate resurfaced again recently, sparked by a heated social media spat between Sejong Mayor Choi Min-ho and North Chungcheong Province Governor Kim Young-hwan.

2023-01-12 08:19

Samsung most searched company during CES 2023: KPMG report

Samsung most searched company during CES 2023: KPMG report

Samsung is the most searched company in relation to the Consumer Electronics Show (CES) 2023, according to the latest Samjong KPMG report on this year's CES. The report utilized Google Trends to analyze keyword search patterns globally for six days from Jan. 3 to 9. The analysis also showed that Sony, AMD, ASUS and LG were among the top five keywords, following Samsung, durin...

Anna J. Park | 2023-01-11 16:56

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