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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Business

Companies

Thu, February 9, 2023 | 21:54

KT to overhaul CEO selection process amid NPS opposition

KT to overhaul CEO selection process amid NPS opposition

KT will change its CEO selection process with an open primary system, after the telecommunications company became embroiled in controversy over its board members' decision to reappoint the incumbent CEO Ku Hyeon-mo, according to the company, Thursday. The company's board members held a meeting and decided to screen the candidates for the next CEO again in an open primary syst...

2023-02-09 16:42

Hyundai Motor, SK to enter North American hydrogen market

Hyundai Motor, SK to enter North American hydrogen market

Major domestic companies such as Hyundai Motor and SK E&S took part in the Hydrogen & Fuel Cell Seminar, the largest hydrogen industry event in North America, aiming to better penetrate the U.S. hydrogen market, according to industry officials, Thursday. The Ministry of Trade, Industry and Energy announced it took part in the seminar held in Long Beach, California, from Feb. ...

2023-02-09 16:02

Korea looks to sell weapons to Romania following lucrative deal with Poland

Korea looks to sell weapons to Romania following lucrative deal with Poland

Korean arms manufacturers are seeking to expand weapons exports to East European countries following a mega defense deal signed with Poland last year, according to the Korea Chamber of Commerce and Industry (KCCI), Thursday. In July of last year, Poland signed a basic contract to import about 20 trillion won ($15.8 billion) worth of Korean weapons, including 1,000 K-2 tanks a...

2023-02-09 15:51

Nexon, NCSOFT hold course while Netmarble suffers loss

Nexon, NCSOFT hold course while Netmarble suffers loss

Nexon, NCSOFT and Netmarble ― Korea's top game companies ― have shown mixed performances in their 2022 earnings based on the success of their new games, according to the companies, Thursday.

2023-02-09 15:00

Bakery firm chief referred to prosecution over young worker's death

Bakery firm chief referred to prosecution over young worker's death

The head of an affiliate of food and beverage giant SPC Group was referred to the prosecution on Thursday over the death of a young worker at its factory last year, police said.

2023-02-09 11:44

Retail giants eager to expand wine businesses

Retail giants eager to expand wine businesses

Major retailers are eager to grow their wine businesses by purchasing overseas wineries, gaining price competitiveness and expanding overseas distribution networks, according to industry officials, Wednesday. According to Euromonitor, the size of the domestic wine market is estimated to have grown by 50 percent compared to 2020 to 1.5 trillion won ($1.19 billion) in 2021, and...

2023-02-09 08:28

Meta fined for violating personal info protection law

Meta fined for violating personal info protection law

Meta, the parent company of Facebook and Instagram, was fined by Korea's data protection watchdog on Wednesday for allegedly disadvantaging its customers refusing to provide personal information.

2023-02-08 17:40

Kakao Mobility fined for inappropriately requiring user information

Kakao Mobility fined for inappropriately requiring user information

Kakao Mobility, the nation's leading taxi-hailing service, was fined Wednesday for inappropriately requiring users to agree to provide personal information to a third-party company.

2023-02-08 17:40

SK Telecom 2022 net dips 60.8% on exclusion of equity gains from chip affiliate

SK Telecom 2022 net dips 60.8% on exclusion of equity gains from chip affiliate

SK Telecom, Korea's largest wireless carrier, said Wednesday its net profit dropped 60.8 percent last year from a year earlier due mainly to the exclusion of its equity gains from its chipmaking affiliate.

2023-02-08 17:35

S-Oil supports energy-poor households with 1 bil. won donation

S-Oil supports energy-poor households with 1 bil. won donation

S-Oil donated 1 billion won ($792,895) to the Korea National Council on Social Welfare to help vulnerable people who are suffering from the recent surge in heating costs this winter, according to the company, Wednesday.

2023-02-08 17:08

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