Reporter Kim Hyun-bin Page 1

The Korea Times

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Reporter : Kim Hyun-bin

Mon, April 6, 2020 | 19:39

FTC slaps Amorepacific with W96 mil. fine for unfair business practices

The country's top antitrust regulator has filed against the country's cosmetics giant Amorepacific Group for 96 million won ($77,800) over unfair business loan procedures. According to the country's Fair Trade Commission (FTC), Amorepacific Group gave 75 billion won worth of fixed deposits without a fee to Cosvision, which enabled the affiliate to receive a low-interest loan ...

Manufacturing | 2020-04-06 17:17

Samsung Electronics to develop foldable display panels

Samsung Electronics wants to develop its own foldable phone displays to cut costs and better meet rising global demand for its innovative foldable series, the company said Friday.

Manufacturing | 2020-04-03 16:42

More conglomerates face credit ratings downgrades

A growing number of Korea's major companies are facing a reduction in credit ratings as the prolonged coronavirus pandemic has weakened performance and their financial status. Depending on the breadth of the downgrade, firms may find it difficult to roll over their corporate loans, which could lead to further devaluation and credit downgrades.

Manufacturing | 2020-04-03 15:36

Carriers, Samsung, LG support online classes

The country's leading mobile carriers and technology companies have come out with emergency tech-support measures for schools and families as unprecedented online classes begin April 9 at elementary through high schools around the nation.

IT | 2020-04-02 19:06

Back to school with online classes - will it work?

SKT, KT, LGU+ marks 1st anniversary of 5G commercialization

SK Telecom, KT and LG Uplus (LGU+) has marked its first anniversary of becoming the world's first to commercialize the fifth-generation (5G) network. Since April 3, 2019, the telecom companies have evolved the technology to new heights both in the business to consumer (B2C) and business to business (B2B) sectors drastically enhancing user experience as well as paving the infr...

IT | 2020-04-01 09:23

LG Uplus bets on exporting 5G content

After a year of commercialized fifth-generation (5G) network service, LG Uplus is working on exporting its super-fast network-based content and technological knowhow to overseas carriers in an effort to create a more competitive business model and expand its presence, the company said Tuesday.

IT | 2020-03-31 16:43

KT appoints Koo as CEO

Shareholders of KT, the country’s leading telecom firm, appointed long-time employee Koo Hyun-mo as its chief executive.

IT | 2020-03-30 16:48

Kia Motors appoints Song Ho-sung as new president

Song Ho-sung, vice president of Kia Motors has been appointed as the new president of the country's second largest automaker. The latest executive reshuffle was made to strengthen the company's growth strategy under new leadership as well as furthering the automaker's future mobility vision.

Auto | 2020-03-30 14:28

LG to halt G series smartphone production

LG Electronics will end production of its flagship G series smartphone and introduce a new mass premium product in the first half of the year, the company said Sunday. The move is aimed at better appealing to consumers and, in turn, overcome close to a five year deficit in the smartphone market.

Manufacturing | 2020-03-29 17:01

Uncertainties set to engulf Korea's key manufacturers

The COVID-19 pandemic has taken a major toll on key local industries forcing them to close overseas factories amid drastically dropping consumption.

Manufacturing | 2020-03-29 15:56

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