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The Korea Times

Entertainment & Arts

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Asia

The Korea Times

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Companies

Tue, March 28, 2023 | 07:11

Kangwon Land's self-developed slot machines take off in Southeast Asia

Kangwon Land's self-developed slot machines take off in Southeast Asia

Kangwon Land has opened a liaison office in Manila, the capital of the Philippines, to step up full-fledged sales and promotional activities of its own slot machine brand, KL Saberi, the state-run casino operator said Monday. By opening the liaison office, Kangwon Land hopes to boost its sales activities targeting casinos in Southeast Asia, including the Philippines. The liai...

2023-03-27 22:19

Hitejinro catching up with top-ranked OB in beer market

Hitejinro catching up with top-ranked OB in beer market

Oriental Brewery (OB), Korea's leading brewer, faces increasing competition in the domestic beer market from long-time rival HiteJinro, which has been catching up quickly due to soaring sales of its popular lager beer, Terra, at restaurants, bars and nightclubs, according to industry officials Monday.

Kim Jae-heun | 2023-03-27 17:12

KT shareholders frustrated by political influence over CEO appointment

KT shareholders frustrated by political influence over CEO appointment

KT's shareholders are frustrated by the future of the telecommunications company being repeatedly swayed by political influence in the process of choosing a new CEO. KT said Monday that Yun Kyung-lim, president of the company, resigned as a CEO candidate 20 days after he was officially nominated.

Baek Byung-yeul | 2023-03-27 16:57

POSCO's 135-day Pohang plant recovery dubbed 'miracle'

POSCO's 135-day Pohang plant recovery dubbed 'miracle'

Pohang ― POSCO's fully restored Pohang Works was busier than ever, just six months after the devastation of Typhoon Hinnamnor, which flooded key facilities and forced the company to halt operations for the first time in 49 years. On Sept. 6, 2022, the steel mill was flooded with water due to the super typhoon, but just 135 days later, the plant is once again in full swing pro...

Kim Hyun-bin | 2023-03-27 16:47

Samsung to make 3 new chip departments with tech universities

Samsung to make 3 new chip departments with tech universities

Samsung Electronics has gone all out to foster semiconductor engineers based outside the Seoul metropolitan area in order to contribute to the development of regional economies around the nation and secure quality professionals for its core business, the chip giant said Monday. Samsung said it made agreements with three state-run science and tech universities to launch semico...

Baek Byung-yeul | 2023-03-27 16:46

LS constructs nickel sulfate plant in Asan to bolster EV battery materials output

LS constructs nickel sulfate plant in Asan to bolster EV battery materials output

LS Group completed construction of a nickel sulfate plant, strengthening its next-generation battery core material business. LS said, Monday, that the plant, located in Asan, South Chungcheong Province and operated with affiliate Toricom, is capable of producing 5,000 tons of the key material for electric vehicle (EV) batteries.

Kim Hyun-bin | 2023-03-27 16:33

Hitejinro's soju exports hit record high of $120 mil. in 2022

Hitejinro's soju exports hit record high of $120 mil. in 2022

Hitejinro, Korea's leading beverage company, said Monday its annual exports of soju hit a new record high last year, thanks to the Korean distilled liquor's surging global popularity.

2023-03-27 16:22

Hyundai Motor unveils facelifted Sonata

Hyundai Motor unveils facelifted Sonata

Seen is Hyundai Motor's facelifted Sonata sedan. The carmaker unveiled Monday the exterior and interior of the mid-size Sonata the Edge to emphasize the sleek design of the facelifted version. The new model will be displayed at the Seoul Mobility Show, which will take place at KINTEX convention center in Goyang, Gyeonggi Province, from March 30. Courtesy of Hyundai Motor

Baek Byung-yeul | 2023-03-27 16:20

Hyundai Glovis enters clean energy business

Hyundai Glovis enters clean energy business

Hyundai Glovis, the logistics affiliate of Hyundai Motor Group, and GS Energy, the energy affiliate of GS Group, have teamed up to fortify ammonia-hydrogen energy cooperation, according to market watchers, Monday. The two signed a memorandum of understanding at Hyundai Glovis' headquarters in Seoul.

Lee Kyung-min | 2023-03-27 16:04

Samsung's chip biz is likely to report losses, defies pressure to rein in output

Samsung's chip biz is likely to report losses, defies pressure to rein in output

Samsung Electronics is likely to report poor results in its chip business next month, analysts said Monday, as the ongoing global economic challenges that have resulted in reduced consumer demand negatively affect the company's performance.

2023-03-27 15:28

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