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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Business

Sat, February 4, 2023 | 14:01

Will KT, POSCO replace CEOs as Shinhan, Woori did?

Will KT, POSCO replace CEOs as Shinhan, Woori did?

The Yoon Suk Yeol administration has indicated its intention to meddle in the governance of former public enterprises that have long since been privatized - two decades ago - as the government forced financial holding companies recently to replace their chairmen. Concerns are therefore growing over the possibility of nepotism spreading to both KT and POSCO Holdings, based on ...

2023-02-04 10:01

110,000 more users compromised by LG Uplus' data breach

110,000 more users compromised by LG Uplus' data breach

LG Uplus Corp. said Friday last month's data breach affected a total of 290,000 users, about 110,000 more than initially suspected.

2023-02-03 22:21

Naver to roll out conversational AI service

Naver to roll out conversational AI service

Naver will release a conversational artificial intelligence (AI) service similar to ChatGPT within the first half of this year as part of the internet company's efforts to diversify its business portfolio, its CEO said, Friday. “We are preparing measures in response to new search trends such as generative AI,” Naver CEO Choi Soo-yeon told investors during a conference call on...

2023-02-03 16:57

Gov't to provide $293 billion in trade financing to revitalize exports

Gov't to provide $293 billion in trade financing to revitalize exports

The government will provide a total of 360 trillion won ($293 billion) in trade financing and assistance with obtaining certifications for local exporters abroad as part of its efforts to boost the nation's faltering exports amid deepening global economic downturn, according to trade ministry officials Friday.

2023-02-03 16:27

KEPCO to sell non-essential assets, cut expenditures to secure $16 billion by 2026

KEPCO to sell non-essential assets, cut expenditures to secure $16 billion by 2026

Debt-ridden Korea Electric Power Corp. (KEPCO) plans to sell non-essential assets and cut expenditures to secure 20 trillion won ($16 billion) over the next five years as part of an emergency austerity measure to offset snowballing operating losses, the state-run firm said, Friday. Propelling the rushed effort to fortify financials is the recent spike in heating costs due to ...

2023-02-03 16:27

SEMICON Korea defies chip industry downturn

SEMICON Korea defies chip industry downturn

SEMICON Korea, an annual semiconductor exhibition, has proven that the industry has unlimited growth potential despite currently being overshadowed by its worst-ever slump, as many industry officials and jobseekers filled the exhibition hall on Friday, the last day of the three-day event.

2023-02-03 15:43

Apple Pay can be launched in Korea: financial regulator

Apple Pay can be launched in Korea: financial regulator

Korea's financial regulator said Friday that local credit card firms can introduce Apple Pay, the long-awaited mobile payment service of U.S. tech giant Apple Inc., as they have followed relevant procedures.

2023-02-03 15:10

Naver 2022 net profit down 96% on one-off factor

Naver 2022 net profit down 96% on one-off factor

Korean internet portal giant Naver said Friday its net profit plunged in 2022 from a year earlier due to a one-off factor stemming from a business integration a year earlier.

2023-02-03 10:51

Hankook Tire Q4 net profit falls 65% on strong won

Hankook Tire Q4 net profit falls 65% on strong won

Hankook Tire Technology said Thursday its fourth-quarter net profit plunged 65 percent from a year earlier as a strong won cut into the bottom line. Net profit for the three months ended Dec. 31 fell to 28.49 billion won ($23 million) from 82.36 billion won during the same period of 2021, the company said in a statement.

2023-02-02 22:26

BBQ founder indicted for funneling company money to family-owned entity

BBQ founder indicted for funneling company money to family-owned entity

Genesis BBQ Chairman Yoon Hong-geun has been indicted on charges of breach of trust as he allegedly funneled company money to an entity wholly owned by him and his family members, according to prosecutors Thursday. The Suwon District Prosecutors' Office said it indicted Yoon for violating the Special Economic Crimes Weighted Punishment Act on Jan. 16.

2023-02-02 17:03

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Top 10 Stories

1	Teens feel peer pressure to buy luxury goods endorsed by K-pop stars

2	Itaewon tragedy's bereaved families harassed by far-right protesters

3	Plan to construct new memorial center for ex-president faces backlash

4	Too many emergency text alerts? Gov't to halt daily COVID-19 notifications

5	First lady expands presence in domestic politics

6	Able C&C sale attracts dozens of potential buyers

7	FSC OKs Apple Pay to be available in Korea

8	Naver to roll out conversational AI service

9	SEMICON Korea defies chip industry downturn

10	K bank decides to delay IPO plan

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