KoreaTimes - Companies

The Korea Times

The Korea Times

The Korea Times

Business

Companies

Mon, December 4, 2023 | 19:11

Global minimum corporate tax scheme to take effect in Korea next year

Global minimum corporate tax scheme to take effect in Korea next year

Korea will implement new global minimum corporate tax rules starting next year, which are designed to reduce tax competition between countries and prevent large multilateral businesses from dodging taxes, the finance ministry said Thursday.

2023-11-09 18:31

SPC Samlip targets US bakery market

SPC Samlip targets US bakery market

SPC Group Executive Vice President Hur Hee-soo, left, poses with H Mart President Brian Kwon after signing a strategic partnership at Queen's Park, a restaurant in Cheongdam-dong, Seoul, Thursday. The group's subsidiary and bakery maker SPC Samlip has agreed with the U.S.-based chain of local supermarkets for Korean food products to introduce Samlip products to H Mart superma...

2023-11-09 16:43

Samsung chief in South Pacific to promote Busan's Expo bid

Samsung chief in South Pacific to promote Busan's Expo bid

Executive Chairman of Samsung Electronics Lee Jae-yong, left, poses with Prime Minister of the Republic of Fiji Sitiveni Rabuka, center, and the Korean Minister of Oceans and Fisheries Cho Seung-hwan during the 52nd Pacific Islands Forum Leaders Meeting in Rarotonga, Cook Islands, Wednesday (local time). Lee and Cho met Rabuka in the island nation located in the South Pacific...

2023-11-09 16:42

HD Hyundai Electric's smart transformer factory meets growing demand in US, EU

HD Hyundai Electric's smart transformer factory meets growing demand in US, EU

ULSAN — One of the difficulties in making transformers – which change the voltage level of electricity received from power plants before sending it to end-users – is that, unlike usual manufacturing processes relying on machines, they require human labor in assembly. That's because every transformer is customized based on a customer's specifications and thei...

2023-11-09 16:42

Kakao apologizes to shareholders for alleged SM stock manipulation

Kakao apologizes to shareholders for alleged SM stock manipulation

Kakao, the nation’s dominant mobile messenger app operator, apologized Thursday for its involvement in alleged stock manipulation during its takeover of SM Entertainment.

2023-11-09 16:25

Finnair still on radar for launch of Busan route

Finnair still on radar for launch of Busan route

Finnair is still looking to launch its Busan-Helsinki route, even if the plan has hit a snag for the time being due to commercial reasons, executives from Finland’s flagship carrier told reporters during a press conference, Thursday.

2023-11-09 15:39

Kia plant in Gwangju halted for 3rd day after deadly accident at parts supplier

Kia plant in Gwangju halted for 3rd day after deadly accident at parts supplier

A plant of Kia, Korea's second-largest automaker, remained suspended for the third day Thursday after a fatal accident at one of its parts suppliers, according to company officials.

2023-11-09 11:45

[INTERVIEW] Invest Alberta to help POSCO secure minerals for EV batteries

INTERVIEWInvest Alberta to help POSCO secure minerals for EV batteries

Canada has been mentioned frequently these days as one of the most popular investment destinations for Korean battery firms that cooperate with global carmakers, amid the recent trends of on-shoring and near-shoring, caused mainly by the escalating geopolitical tensions between the U.S. and China.

2023-11-09 08:29

KEPCO to hike electricity prices for large firms, downsize organization amid soaring debt

KEPCO to hike electricity prices for large firms, downsize organization amid soaring debt

Korea Electric Power Corp. (KEPCO) will increase electricity rates for large companies and restructure through asset sales and reduction of workforce as it aims to overcome a debt crisis amounting to around 201 trillion won ($153 billion), its CEO said, Wednesday.

2023-11-08 16:40

Renault Korea gears up for eco-friendly, electrified mobility transformation: CEO

Renault Korea gears up for eco-friendly, electrified mobility transformation: CEO

Renault Korea will gear up for its transformation into a global carmaker manufacturing cutting-edge hybrid and eco-friendly electric vehicles (EV), as part of its major growth strategy for next year, its CEO Stephane Deblaise said Tuesday.

2023-11-08 16:36

11 12 13 14 15 16 17 18 19 20

Top 10 Stories

1	INTERVIEWEcolab helps Korean partners profit from ESG management

2	Seoul Metro begins real-time translation service for foreign tourists at Myeong-dong Station

3	Son-dol: a cold day for a ferryman and a merchant

4	Korean economy to start shrinking by 2050 if low birthrate unaddressed: BOK report

5	Space race heats up between two Koreas after Seoul launches spy satellite

6	ANALYSISHas N. Korean leader's daughter been confirmed as heir apparent?

7	INTERVIEW'Lifeline for migrant workers in Korea' - Rev. Kim fights for foreign employees' rights

8	Uncertainty lingers over Ven. Jaseung's death

9	Korean battery firms face higher costs for access to US subsidies

10	INTERVIEWKorea to work with US, Japan to fight climate change

DARKROOM