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The Korea Times

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Asia

The Korea Times

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Companies

Wed, February 1, 2023 | 11:06

SK Signet looks to double growth in 2023: chief

SK Signet looks to double growth in 2023: chief

SK Signet, the producer of electric vehicle (EV) battery chargers under South Korea's SK Group, said Friday it aims to double annual sales this year from 2022 pushed by robust overseas demand, and market expansion in the United States.

2023-01-07 09:39

CheongKwanJang tops global ginseng market for 10 straight years

CheongKwanJang tops global ginseng market for 10 straight years

Korea Ginseng Corporation's (KGC) representative red ginseng brand CheongKwanJang topped the global ginseng retail market sales, according to Euromonitor International. The market research firm's 2022 report showed the size of the global ginseng market reached $2.47 billion (3.12 trillion won) last year.

Kim Jae-heun | 2023-01-07 09:30

Gov't to shorten visa procedures for foreign shipbuilding workers

Gov't to shorten visa procedures for foreign shipbuilding workers

The government plans to shorten drastically the visa administrative procedures for foreign workers employed by domestic shipbuilders from the current four months to one month as the shipbuilding industry grapples with chronic workforce shortages, officials said Friday. The move comes as the government looks to resolve the labor shortage in the domestic shipbuilding industry. ...

Kim Hyun-bin | 2023-01-06 17:05

Chipmakers enter downturn amid recession worries

Chipmakers enter downturn amid recession worries

Samsung Electronics and other semiconductor makers are expected to face greater difficulties going forward as demand for memory and other chips continues to decline amid a deepening economic downturn, according to company officials and analysts, Friday. “The outlook for the semiconductor industry does not look very bright for 2023. Even foundry demand, which was good last yea...

Kim Hyun-bin | 2023-01-06 17:00

LG Electronics' Q4 operating profit down 91.2% to 65.5 bil. won

LG Electronics' Q4 operating profit down 91.2% to 65.5 bil. won

LG Electronics Inc. on Friday estimated its fourth-quarter operating earnings at 65.5 billion won ($51.6 million), down 91.2 percent from a year earlier.

2023-01-06 16:22

Samsung Electronics Q4 operating profit down 69% on lower demand

SK chief cancels attendance at CES after secretary likely has COVID-19

SK chief cancels attendance at CES after secretary likely has COVID-19

SK Group Chairman Chey Tae-won will not be attending the Consumer Electronics Show (CES)2023 in person after one of the secretaries accompanying him on the trip showed suspected COVID-19 symptoms, the company said Thursday.

2023-01-06 15:25

Hyundai Mobis unveils roadmap to be mobility platform provider at CES

Hyundai Mobis unveils roadmap to be mobility platform provider at CES

LAS VEGAS ― Hyundai Mobis unveiled its “New Mobis” vision at the 2023 Consumer Electronics Show (CES) in Las Vegas, Thursday (local time), declaring a leap forward as a mobility company, which provides an integrated platform centered on software.

Park Jae-hyuk | 2023-01-06 13:52

Senior US State Department official to visit Seoul to discuss supply chain, IRA issue: sources

Senior US State Department official to visit Seoul to discuss supply chain, IRA issue: sources

Jose Fernandez, the U.S. under secretary of state for economic growth, energy and the environment, will visit Korea next week for consultations on a range of bilateral economic issues, the State Department said Friday (Korean time).

2023-01-06 11:22

Hyundai Mobis to develop self-driving controller using Qualcomm chips

Hyundai Mobis to develop self-driving controller using Qualcomm chips

Hyundai Mobis, a major Korean auto components maker, said Thursday it has joined hands with Qualcomm Technologies to develop a Level 3 self-driving controller using the U.S. chipmaker's chips, as it seeks to bolster the mobility segment.

2023-01-06 10:25

Naver completes acquisition of Poshmark for $1.2 bil.

Naver completes acquisition of Poshmark for $1.2 bil.

South Korean internet portal giant Naver said Friday it has completed the acquisition of Poshmark, a U.S. social commerce marketplace for fashion.

2023-01-06 09:37

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