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SCMP
Asia

The Korea Times

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Sat, June 3, 2023 | 17:01

Luxury brands continue hiking prices in Korea

Luxury brands continue hiking prices in Korea

Luxury fashion and cosmetics brands are raising product prices in Korea ahead of the summer spending spree, despite a series of hikes over the past few years. Morgan Stanley, a global research firm, said purchases of luxury goods made by Koreans came to $16.8 billion (22 trillion won), last year, up 24 percent from the previous year.

Lee Kyung-min | 2023-06-03 08:42

E-book platform operator Millie to push for IPO again

E-book platform operator Millie to push for IPO again

Millie, Korea's leading e-book service platform, will push to go public once again after scrapping its plan last year, according to the country's bourse operator.

2023-06-02 17:40

KAERI distances itself from Oxford professor's claim on Fukushima water

KAERI distances itself from Oxford professor's claim on Fukushima water

Korea Atomic Energy Research Institute (KAERI), a government-funded research institute, issued a disclaimer, Friday, distancing itself from a controversial comment made by an Oxford physicist on the safety of Fukushima wastewater two weeks ago.

Lee Kyung-min | 2023-06-02 16:23

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

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

POSCO Future M and General Motors (GM) have announced plans to expand their joint investment in battery core and electrode materials, while also strengthening their supply chain collaboration in North America.

Kim Hyun-bin | 2023-06-02 16:23

Airlines fiercely compete to acquire additional aircraft

Airlines fiercely compete to acquire additional aircraft

Airlines are embroiled in fierce competition to acquire more aircraft as the pandemic subsides and international passenger demand surges. The global increase in passengers has resulted in a shortage of aircraft available for lease, with manufacturers steeply raising lease rates.

Kim Hyun-bin | 2023-06-02 15:56

HMM tasked with preventing sale of Hyundai LNG to foreign firm

HMM tasked with preventing sale of Hyundai LNG to foreign firm

HMM, Korea's leading shipping company that is under the control of the state-run Korea Development Bank (KDB), decided to compete with foreign companies to regain Hyundai LNG Shipping from IMM Private Equity, according to industry officials, Friday.

Park Jae-hyuk | 2023-06-02 15:46

Samsung Heavy wins $172 million order for 2 crude carriers

Samsung Heavy wins $172 million order for 2 crude carriers

Korean shipyard Samsung Heavy Industries said Friday it has bagged a 227.5 billion-won ($172 million) order to build two crude carriers for an Oceanian shipper.

2023-06-02 14:57

LG Chem joins Korean firms strengthening ties with Japan

LG Chem joins Korean firms strengthening ties with Japan

LG Chem has started recruiting young talent in Japan, indicating its intention to take advantage of thawing bilateral relations between Seoul and Tokyo, as other Korean companies are also doing.

Park Jae-hyuk | 2023-06-02 14:33

Hyundai launches face-lifted Palisade SUV in Korea

Hyundai launches face-lifted Palisade SUV in Korea

Hyundai Motor on Friday launched the face-lifted Palisade sport utility vehicle in the domestic market ahead of its shipments to the United States and emerging markets later this year.

2023-06-02 11:38

Hyundai Elevator launches AI, IoT-powered maintenance service

Hyundai Elevator launches AI, IoT-powered maintenance service

Hyundai Elevator introduced an advanced elevator maintenance service called “MIRI” that connects to the Internet of Things (IoT), artificial intelligence (AI), cloud, big data and robot technology, company officials said Thursday.

Kim Jae-heun | 2023-06-02 08:35

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Top 10 Stories

1	Roland Garros 2023

2	Airlines fiercely compete to acquire additional aircraft

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

4	More banks offer daily interest payments on deposits

5	KAERI distances itself from Oxford professor's claim on Fukushima water

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

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

8	LG Chem joins Korean firms strengthening ties with Japan

9	Hyundai Elevator launches AI, IoT-powered maintenance service

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

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