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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

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Companies

Mon, January 30, 2023 | 11:09

[ANALYSIS] Will gov't deregulation measures lead to soft landing of housing market?

ANALYSISWill gov't deregulation measures lead to soft landing of housing market?

Years of heavy demand-control real estate regulations have all but come to an end, scrapped by last week's government measures put in place to engineer a soft landing of the housing market that experienced extreme overheating under the Moon Jae-in administration. Borrowing limits and other requirements were all lifted except in four districts of Seoul - Gangnam, Seocho, Songp...

Lee Kyung-min | 2023-01-08 15:30

Regulator fines GS Retail $1.24 mil. for unfair sales tactics

Regulator fines GS Retail $1.24 mil. for unfair sales tactics

Korea's antitrust regulator said Sunday it has decided to impose a fine of 1.58 billion won ($1.24 million) on GS Retail for unfairly forcing suppliers to bear marketing costs for products sold on its home shopping channel.

2023-01-08 13:30

Jeju Air's int'l flights back to 70% of pre-pandemic levels

Jeju Air's int'l flights back to 70% of pre-pandemic levels

Jeju Air, Korea's leading budget carrier, said Sunday the number of its flights on international routes bounced back to 70 percent of pre-pandemic levels last month.

2023-01-08 11:39

'Samsung will offer extended connected experience via SmartThings': vice chairman

'Samsung will offer extended connected experience via SmartThings': vice chairman

LAS VEGAS - Han Jong-hee, vice chairman of Samsung Electronics, announced the company's vision for home appliances and its mobile business during the Consumer Electronics Show (CES), Friday, saying the company “will take the lead in popularizing the hyper-connected era with evolved SmartThings.” SmartThings is Samsung's internet of things (IoT) platform. Han elaborated the co...

Baek Byung-yeul | 2023-01-08 11:00

LG CEO vows to be 'brave optimist' to deal with demand volatility

LG CEO vows to be 'brave optimist' to deal with demand volatility

LG CEO vows to be 'brave optimist' to deal with demand volatility

LAS VEGAS - LG Electronics CEO Cho Joo-wan said Friday that the company will seek to be a “brave optimist,” showing his determination to diversify the company's business portfolio and deal with business difficulties caused by external changes. “Our VS (vehicle component solutions) business is expected to turn a profit as of 2022 after about 10 years. As the VS division has sh...

Baek Byung-yeul | 2023-01-08 10:00

'Samsung will offer extended connected experience via SmartThings': vice chairman

Korean conglomerate executives boost ties with each other at CES

Korean conglomerate executives boost ties with each other at CES

LAS VEGAS - Top executives and heirs of family-controlled Korean conglomerates took advantage of the 2023 Consumer Electronics Show (CES) to expand their personal networks and seek the new growth engines for their companies. Making their way through the crowds in the 230,000 square meters of exhibition space at the Las Vegas Convention Center, they did not just promote techno...

Park Jae-hyuk | 2023-01-07 14:39

SK chairman stresses decarbonizing efforts during surprise visit to CES

SK chairman stresses decarbonizing efforts during surprise visit to CES

LAS VEGAS - SK Group Chairman Chey Tae-won expressed satisfaction with his company's exhibition pavilion at the 2023 Consumer Electronics Show (CES) in Las Vegas, Friday (local time), saying its booth displayed the group's efforts to reduce carbon emissions exceptionally well. “I hope more people pay attention to climate change, so that we can cope with the issue better,” sai...

Park Jae-hyuk | 2023-01-07 14:10

SK chief makes surprise appearance at CES

SK chief makes surprise appearance at CES

SK chief makes surprise appearance at CES

SK Group Chairman Chey Tae-won made a surprise appearance at the CES, Friday, reversing an earlier announcement that he was canceling his visit to the tech show after one of his aides tested positive for COVID-19.

2023-01-07 10:33

SK chairman stresses decarbonizing efforts during surprise visit to CES

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

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