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The Korea Times

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Thu, June 1, 2023 | 11:34

Hyundai Motor chief honors Korean War veterans

Hyundai Motor chief honors Korean War veterans

Hyundai Motor Group Executive Chair Chung Euisun, front row second from left, and other company executives pay tribute to war veterans buried at the Korean War Veterans Memorial in Washington, D.C., April 26 (local time). Chung accompanied President Yoon Suk Yeol on his state visit to the U.S. as part of an economic delegation. Courtesy of Korea-U.S. Alliance Foundation

Kim Hyun-bin | 2023-05-04 11:37

LG CNS partners with Microsoft to accelerate security solution biz

LG CNS partners with Microsoft to accelerate security solution biz

LG CNS, the IT affiliate of LG Group with specialties in digital transformation (DX), said Wednesday that it will accelerate its security solutions with Microsoft, mostly to prevent data leaks at firms seeking to embrace artificial intelligence (AI). This is the latest in a series of partnerships between the two IT entities.

Lee Kyung-min | 2023-05-04 08:51

Korean Air Q1 net falls 35% on higher operating costs

Korean Air Q1 net falls 35% on higher operating costs

Korean Air, Korea's biggest carrier by sales, said Wednesday its first-quarter net profit fell 35 percent from a year earlier on higher operating costs.

2023-05-03 17:07

Local firms accelerate development of autonomous robots

Local firms accelerate development of autonomous robots

Local robotics firms will accelerate the development of autonomous robots, as cleared by the recent passage of a bill authorizing high-tech robots to use sidewalks for delivery, patrol, information providing and cleaning services, according to market watchers, Tuesday. Further anchoring their business prospects is a robust industrial outlook, as indicated by International Fed...

Lee Kyung-min | 2023-05-03 16:51

Korea urged to bolster nuclear energy cooperation with US to counter China, Russia

Korea urged to bolster nuclear energy cooperation with US to counter China, Russia

Korea should fortify cooperation with the U.S. in the nuclear reactors market dominated by Russia and China, a report said Wednesday. Most viable, the Federation of Korean Industries (FKI) ...

Lee Kyung-min | 2023-05-03 16:50

Korean Air unveils special aircraft decoration to promote Busan Expo bid

Korean Air unveils special aircraft decoration to promote Busan Expo bid

Korean Air unveiled a special design for its Boeing 777-300ER aircraft to support Busan's bid to host the World Expo 2030 at the airline's hangar at Incheon International Airport, Wednesday. The ceremony was attended by Prime Minister Han Duck-soo, Korean Air Chairman and CEO Cho Won-tae, Bidding Committee for World Expo 2030 Busan Co-Chairman Chey Tae-won, senior presidentia...

Kim Hyun-bin | 2023-05-03 16:38

[EXCLUSIVE] Schindler continues to threaten Hyundai Group chairwoman's control of elevator unit

EXCLUSIVESchindler continues to threaten Hyundai Group chairwoman's control of elevator unit

Hyundai Group Chairwoman Hyun Jeong-eun continues to face the risk of losing control over Hyundai Elevator, a key subsidiary, as her legal battle with Swiss elevator maker, Schindler, has not yet come to an end, according to sources familiar with this issue, Wednesday.

Park Jae-hyuk | 2023-05-03 16:30

POSCO Future M, Huayou to invest $1.27 bil. in EV battery materials production

POSCO Future M, Huayou to invest $1.27 bil. in EV battery materials production

POSCO Future M, a leading secondary battery materials producer, said Wednesday it has teamed up with a Chinese cobalt producer to invest 1.7 trillion won ($1.27 billion) to build production facilities for battery precursors and anode components.

2023-05-03 16:08

POSCO to produce nickel for secondary batteries in Indonesia

POSCO to produce nickel for secondary batteries in Indonesia

POSCO Holdings is seeking to expand overseas nickel production, a key material in secondary batteries, in an effort to strengthen its global nickel value chain. According to POSCO Holdings, the company will invest $441 million to establish a nickel refining plant in Weda Bay Industrial Park on Indonesia's Halmahera Island, Wednesday.

Kim Hyun-bin | 2023-05-03 15:17

Global pharmaceutical firm Merck Life Science mulling building new facilities in Korea

Global pharmaceutical firm Merck Life Science mulling building new facilities in Korea

Global pharmaceutical company Merck Life Science is considering building manufacturing facilities in Korea's central city of Daejeon, the industry ministry said Wednesday.

2023-05-03 11:23

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