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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Business

Companies

Mon, March 20, 2023 | 18:09

Coway offers customized air purifier technology

Coway offers customized air purifier technology

Local home appliance maker Coway has captured the interest of health-conscious consumers in Korea by developing cutting-edge filter technology for its air purifiers. Since introducing its first air purifier in 1995, Coway has been expanding its business in the field for nearly 30 years.

2023-03-20 17:04

Korea probes ZPMC cranes to reduce reliance on Chinese firm

Korea probes ZPMC cranes to reduce reliance on Chinese firm

The Ministry of Oceans and Fisheries recently probed Shanghai Zhenhua Heavy Industries Company's (ZPMC's) cargo cranes installed in Korea's major ports, as controversy broke out in the U.S. earlier this month over a claim that the Chinese-made equipment's software possibly serves as a “spying tool.” With the aim of helping Korean ports to reduce dependence on Chinese products...

Park Jae-hyuk | 2023-03-20 17:03

Proxy adviser opposes reappointment of HL Group chairman as director

Proxy adviser opposes reappointment of HL Group chairman as director

Chung Mong-won, chairman of HL Group, has hit an obstacle because a proxy advisor here is opposed to an attempt by the construction and auto parts conglomerate to appoint him as director of the group's affiliates, explaining that there could be a conflict of interest concerning the possibility of internal transactions, according to the proxy adviser Monday.

Baek Byung-yeul | 2023-03-20 17:02

OTT service providers negatively impacted by illegal streaming website

OTT service providers negatively impacted by illegal streaming website

Netflix, Wavve, Tving, Coupang Play and other over-the-top (OTT) video streaming platforms are suffering due to the illegal streaming site, Noonoo TV, as their respective paid content can be easily viewed for free with just a few clicks, presenting a big obstacle to the country's growing media industry, according to industry officials Monday.

Baek Byung-yeul | 2023-03-20 16:55

Will Samsung Electronics resume large-scale M&As by acquiring Rainbow Robotics?

Will Samsung Electronics resume large-scale M&As by acquiring Rainbow Robotics?

Samsung Electronics has been seeking to conduct large-scale mergers and acquisitions (M&As) for years and the company's recent purchase of shares in Rainbow Robotics, a robot development company, is drawing attention, according to industry officials, Monday. Samsung Electronics virtually stopped its M&A activities after acquiring Harman, a U.S. automotive electronics maker, i...

Kim Hyun-bin | 2023-03-20 16:47

Hyundai Heavy wins $207 mil. gas ship order in Middle East

Hyundai Heavy wins $207 mil. gas ship order in Middle East

Hyundai Heavy Industries, the world's leading shipbuilder by orders, said Monday it has received a $207 million gas ship order in the Middle East.

2023-03-20 16:26

Can FKI regain status as leading business lobby?

Can FKI regain status as leading business lobby?

The Federation of Korean Industries (FKI) succeeded in bridging Korea-Japan economic ties by hosting a meeting between major business conglomerates in the two countries last week. The heads of four major Korean conglomerates, including Samsung Electronics Chairman Lee Jae-yong, took part in the FKI event, which signaled a resumption in the role of the business lobby group aft...

Kim Hyun-bin | 2023-03-20 16:20

Google, Uber concerned about Korea's antitrust policies

Google, Uber concerned about Korea's antitrust policies

Foreign business representatives expressed their concerns over Korea's antitrust policies during a meeting, Monday, with Fair Trade Commission (FTC) Chairman Han Ki-jeong and members of the American Chamber of Commerce in Korea (AMCHAM).

Park Jae-hyuk | 2023-03-20 16:02

Seoul event to promote Busan's Expo bid

Seoul event to promote Busan's Expo bid

The government will hold an event to promote Korea's bid to hold the 2030 World Expo in Busan next week, according to the industry ministry, Monday. The five-day event will be held at the Gwanghwamun square, Seoul, ahead of the visit early next month of a delegation from the Bureau International des Expositions (BIE).

Lee Kyung-min | 2023-03-20 15:51

KAIST student becomes first Korean recipient of Apple Scholars fellowship

KAIST student becomes first Korean recipient of Apple Scholars fellowship

Lee Sea-nie, a second-year doctoral degree student at the Korean Advanced Institute of Science and Technology (KAIST) has made the list of 2023 recipients of the Apple Scholars in AI/ML PhD fellowship, a program for developing excellence in the fields of artificial intelligence and machine learning, according to the university, Sunday.

Lee Kyung-min | 2023-03-20 08:55

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