KoreaTimes - Business

The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Business

Tue, May 30, 2023 | 19:19

Big businesses face growing union pressure to extend retirement age

Big businesses face growing union pressure to extend retirement age

Extending the retirement age beyond 60 has become the top priority of unionized workers at major Korean companies in this year's collective bargaining talks, according to industry officials, Tuesday.

2023-05-30 17:00

Running convenience stores becomes popular among people in 20s, 30s

Running convenience stores becomes popular among people in 20s, 30s

Lee Sung-bong, 25, opened a CU convenience store in southwestern Seoul's Guro District last August, on recommendation from his parents who have been running one for years. “My parents have been in the convenience store business and they suggested I start my own,” Lee said.

2023-05-30 16:56

Naver suffers shrinking online search market share

Naver suffers shrinking online search market share

Naver, the country's largest internet company, is losing its share in the search engine market as users flock to more convenient artificial intelligence (AI) chatbot services such as OpenAI's ChatGPT, Microsoft's Bing and Google's Bard, all of which are based on generative AI technology, according to industry officials, Tuesday.

2023-05-30 16:43

LG Energy Solution fosters employee growth

LG Energy Solution fosters employee growth

LG Energy Solution (LGES) launched its internal independent companies, KooRoo and AVEL, last year to help expand its battery ecosystem. These independent companies are organized to pursue new ideas swiftly by exploring future growth engines centered on the existing battery business. The company also aims to provide opportunities for individual growth by allowing members to ta...

2023-05-30 16:19

Kia aims to sell 93,000 EVs in Europe this year

Kia aims to sell 93,000 EVs in Europe this year

Kia, Korea's second-biggest carmaker, said Tuesday it aims to sell 93,000 all-electric vehicles (EVs) in Europe in 2023 by launching the flagship EV9 SUV later this year.

2023-05-30 15:56

Former presidential protocol secretary to head Hyundai Motor's gov't affairs

Former presidential protocol secretary to head Hyundai Motor's gov't affairs

Hyundai Motor Group has decided to hire Kim Il-bum, former presidential protocol secretary, as the head of its division handling government-related affairs, according to company officials, Tuesday. The company said it is in the process of recruiting Kim to strengthen its global external policy capabilities and support its activities related to the nationwide campaign to host ...

2023-05-30 15:14

SME biz sentiment for June swings to downturn on weaker economy

SME biz sentiment for June swings to downturn on weaker economy

Korean smaller firms' business outlook switched to a downturn for June on the country's slowing economy, a poll showed Tuesday.

2023-05-30 14:20

SK hynix enters validation process for 10 nm DDR5 server DRAM

SK hynix enters validation process for 10 nm DDR5 server DRAM

SK hynix completed the development of the industry-leading 10-nanometer process technology-based fifth-generation DDR5 DRAM and entered a product validation process with U.S. chip giant Intel, the Korean memory chip giant said Tuesday.

2023-05-30 14:17

Korea's antitrust regulator approves Microsoft's takeover of Blizzard

Korea's antitrust regulator approves Microsoft's takeover of Blizzard

Korea's antitrust regulator said Tuesday it has decided to approve Microsoft's takeover of Activision Blizzard as the deal is unlikely to hinder competition in the Korean gaming market.

2023-05-30 14:09

SKC, POSCO partner up to develop next-generation battery materials

SKC, POSCO partner up to develop next-generation battery materials

SKC, an advanced materials maker under Korea's SK Group, said Tuesday it is joining hands with steel giant POSCO Holdings to develop next-generation secondary battery components as part of efforts to boost competitiveness in the rapidly growing industry.

2023-05-30 12:02

1 2 3 4 5 6 7 8 9 10

Top 10 Stories

1	Korea eyes launch of 4th Nuri space rocket in 2025

2	Memorial Day 2023

3	Korea's household debt-to-GDP ratio highest among 34 major economies

4	Japanese destroyer flies controversial flag as it arrives in Korea for joint drill

5	Seoul on alert over Pyongyang's imminent spy satellite launch

6	Vietnam emerges as major market for Korean chipmakers

7	ANALYSISChina's ban on Micron tests Washington-Seoul alliance

8	Korea's diplomacy put to test amid signs of thaw in US-China relations

9	Top 20% of income earners fuel increase in Q1 consumption as pandemic ends

10	Local governments appeal to young generations through YouTube

DARKROOM