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The Korea Times

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Sat, June 3, 2023 | 00:40

LG teams up with Korea Water Forum to reduce microplastics production

LG teams up with Korea Water Forum to reduce microplastics production

LG Electronics is attempting to protect marine ecosystems by offering new washing machines that produce less microplastics and partnering with Korea Water Forum to develop practical solutions further, the company said Monday.

Baek Byung-yeul | 2023-05-22 16:36

HD Korea Shipbuilding bags $311 mil. order for 5 container ships

HD Korea Shipbuilding bags $311 mil. order for 5 container ships

HD Korea Shipbuilding Offshore Engineering said Monday it has won a 414.5 billion-won ($311 million) order to build five container vessels for a European shipper.

2023-05-22 16:29

Ontario offers more incentives to attract LGES-Stellantis battery plant

Ontario offers more incentives to attract LGES-Stellantis battery plant

The Canadian province of Ontario has offered to share the burden with the country's federal government to give larger incentives to secure the construction of a joint battery plant run by LG Energy Solution (LGES) and Stellantis. The latest development indicates the companies have gained an advantage in their ongoing negotiations, according to industry officials, Monday.

Park Jae-hyuk | 2023-05-22 16:29

LH chief opposes land minister's idea of abolishing 'jeonse'

LH chief opposes land minister's idea of abolishing 'jeonse'

Korea Land and Housing Corp. (LH) CEO Lee Han-jun has attracted public attention by speaking out against the idea of abolishing “jeonse,” a unique Korean house rental system, which was initially proposed by Minister of Land, Infrastructure and Transport Won Hee-ryong, who supervises the state-run real estate developer, according to industry officials, Monday.

Park Jae-hyuk | 2023-05-22 16:24

CJ CheilJedang builds world's largest frozen pizza plant in US

CJ CheilJedang builds world's largest frozen pizza plant in US

CJ CheilJedang has completed the construction of the world's largest frozen pizza production facility in the United States as part of its efforts to unseat market leader Nestle from the top spot, company officials said Monday. Korea's largest food firm expanded its Schwan's pizza factory in Salina, Kansas, by about 40,000 square meters to a total of 90,000 square meters.

Kim Jae-heun | 2023-05-22 16:14

LS Group to invest $15.1 billion in batteries, EVs, chips

LS Group to invest $15.1 billion in batteries, EVs, chips

LS Group announced a plan to invest 20 trillion ($15.1 billion) in future growth engines to gain competitiveness in the fields of electrification and digital innovation, which are in line with the company's Vision 2030 strategy that centers on carbon-free electricity.

Kim Hyun-bin | 2023-05-22 15:49

Biz lobby calls for Korea's inclusion on MSCI watchlist for developed markets

Biz lobby calls for Korea's inclusion on MSCI watchlist for developed markets

A major Korean business lobby said Monday it will send a letter to Morgan Stanley Capital International (MSCI) calling for Korea's addition to its candidate list for developed market status, a month ahead of the MSCI's announcement on its annual market review.

2023-05-22 13:55

Burger King meets friction with franchisees over price discount event

Burger King meets friction with franchisees over price discount event

Burger King's local franchisees have staged a protest against company headquarters by refusing its price discount promotional event which was launched without consent between May 8 and 21. Among 120 affiliated stores in the country, only 39 followed the Burger King policy.

Kim Jae-heun | 2023-05-22 08:20

[INTERVIEW] Bungaejangter CEO aims to make easy-to-use, secure secondhand platform

INTERVIEWBungaejangter CEO aims to make easy-to-use, secure secondhand platform

Korea's online secondhand market started with Joonggonara and Danggeun Market, which both focus on trading among neighbors in the same town, has become increasingly popular. However, Bungaejangter, which started its service in 2011, also has been widely used as one of the most popular secondhand trading platforms here, with many users especially trading fashion items.

Baek Byung-yeul | 2023-05-21 17:26

Kumho America Technical Center selected as 'Best Place to Work' in 2023

Kumho America Technical Center selected as 'Best Place to Work' in 2023

An affiliate of Kumho Tire, Kumho America Technical Center, has made it to Rubber News' “Best Places to Work” list in 2023, the company said Sunday. Rubber News, the conductor of the survey, is a prominent media outlet that reports on the North American rubber industry.

Kim Jae-heun | 2023-05-21 16:36

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Top 10 Stories

1	Hyundai Elevator launches AI, IoT-powered maintenance service

2	More banks offer daily interest payments on deposits

3	Roland Garros 2023

4	Airlines fiercely compete to acquire additional aircraft

5	Seoul imposes sanctions on North Korean hacking group for role in space launch

6	LG Chem joins Korean firms strengthening ties with Japan

7	HMM tasked with preventing sale of Hyundai LNG to foreign firm

8	Korean stocks feared to lose steam on prolonged trade deficit, real estate doldrums

9	POSCO, GM expand joint EV battery materials investment in North America

10	Indo-Pacific region highlighted as important for Korean economy's future

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