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Reporter : Lee Hyo-sik

Wed, September 26, 2018 | 17:25

'South shouldn't hold hopes high for biz deals with North'

South Korea shouldn't hold high hopes for looming inter-Korean economic cooperation because China and Japan will be just as aggressive in securing business deals with North Korea, according to the head of the country's largest business association.

Politics | 2018-07-19 22:02

Is crypto-craze past its peak?

The year 2017 was, to put it frankly, an unprecedented year for cryptocurrencies and their underlying blockchain technology. But the unexpected monetary heights of late 2017 have since retracted southward. This has led to various commentators arguing that “the bubble is about to burst.” However, this article will pinpoint five interesting opinion pieces that would suggest oth...

IT | 2018-05-21 18:05

Art of measuring time in sports

CORGEMONT, Switzerland _ Timekeeping is a crucial part of running the Olympic Games and other sporting events as many competitions are decided by how long it takes for athletes to cross the finish line. Swiss Timing, the official timekeeper of the Olympics since 1932, is pledging to provide precise and instant timekeeping at the upcoming PyeongChang Winter Olympics as thousan...

Light industries | 2017-12-11 16:43

North Korea won't provoke during PyeongChang Olympics: IOC communicator

Athletes competing in the PyeongChang Winter Olympics should not be concerned about security as North Korea will not do anything to destabilize the Games, according to a top communications manager at the International Olympic Committee (IOC). In an interview with The Korea Times, IOC communications director Robert Roxburgh said Korea’s first Winter Olympics from Feb. 9 to 25 ...

Politics | 2017-12-07 17:08

Kumho chief accused of flip-flopping on trademark use

The Korea Development Bank (KDB) and other Kumho Tire creditors are expressing frustration with the head of Kumho Asiana Group, accusing him of not living up to his promises on the use of the Kumho trademark. The creditors claim that Kumho Chairman Park Sam-koo promised to allow whoever acquires the struggling tire maker to use the Kumho brand for free when he met KDB Chairma...

Automotive | 2017-11-24 17:40

SK chief bolsters partnership with Southeast Asia

SK Group is preparing to boost its presence in Vietnam and other Southeast Asian nations by bolstering its partnership with local companies in the areas of information technology, energy and infrastructure development. SK Group Chairman Chey Tae-won has been visiting the rapidly growing region since Nov. 20, meeting government officials, corporate leaders and scholars to disc...

Heavy industries | 2017-11-24 16:56

Ford Explorer offers quality journey on road

The 2017 Ford Explorer has been attracting keen attention from local SUV enthusiasts as they are set to head to ski slopes and other winter leisure destinations. The seven-seat SUV is the latest version of the Explorer family, which was first introduced in 1990. It is the perfect vehicle for those planning a safe journey under unpredictable road and weather conditions during ...

Automotive | 2017-11-23 19:50

Companies remain reluctant to support PyeongChang Olympics

Samsung, Hyundai Motor and other large business groups remain reluctant to support the PyeongChang Olympics, as the Choi Soon-sil scandal still makes them uneasy about buying game tickets or donating merchandise. In particular, Samsung Group and Lotte Group have been distancing themselves from the major global sporting event, as their chiefs are on trial for giving money to Choi. She is a friend of disgraced former President Park Geun-hye, and is alleged to have used the PyeongChang Olympics to extract money from companies. In the past, businesses actively purchased tickets in large numbers ...

Policies | 2017-11-23 19:40

SK expands, Hyundai Oilbank shrinks

SK Innovation, Korea's largest refiner, has expanded its market share here over the past year as it signed a series of gasoline and diesel supply contracts with Korea Expressway Corp. But Hyundai Oilbank continues to lose market shares to its rivals in line with its struggling parent company, Hyundai Heavy Industries (HHI), which has been coping with prolonged shipbuilding industry slump. According to refiners Wednesday, SK's market share rose to 34.08 percent in September from 31.59 percent three months earlier as it began supplying gasoline and diesel in the third quarter to Korea Expressw...

Heavy industries | 2017-11-22 16:56

KDB in dilemma over Daewoo E&C sale

Korea Development Bank (KDB) is facing a dilemma over its attempt to sell a controlling stake in Daewoo Engineering & Construction (E&C) as potential bidders are unwilling to pay what the bank wants for the sale. The state-run real estate developer LH's decision to ban Daewoo from bidding for public construction projects has further dampened investor sentiment, according to industry analysts. They say the state-run bank has to accept what the highest bidder offers if it wants to dispose of its 50.75 percent stake in the builder. Or it could nullify the sale process if it cannot get the bidde...

Heavy industries | 2017-11-22 16:48

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Inter-Korean Summit in Pyongyang