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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Business

Companies

Sat, March 25, 2023 | 06:16

Second daughter of Daesang chairman promoted to vice president

Second daughter of Daesang chairman promoted to vice president

Daesang Group Honorary Chairwoman Lim Chang-wook's second daughter, Lim Sang-min, has been promoted to vice president of Daesang, the company said Wednesday. It has been in six years and four months since she was tapped as executive director of the company. Lim studied at Ewha Womans University's Department of History and acquired a Master of Business Administration from Lond...

Kim Jae-heun | 2023-03-24 08:52

SPC opens first Paris Baguette store in Canada

SPC opens first Paris Baguette store in Canada

SPC, a Korean food manufacturer and confectionery, opened its first Paris Baguette store in Toronto, the company said Thursday. The company opened its Yonge & Sheppard 214 square meter branch on the first floor of Yonge Shopping Centre in Toronto, Wednesday (local time).

Kim Jae-heun | 2023-03-23 17:01

KT CEO nominee offers to resign

KT CEO nominee offers to resign

KT's group transformation division head Yun Kyung-lim, who was nominated as the telecommunication firm's next CEO on March 7, indicated his intention to give up the company leadership for the next three years, during Wednesday's breakfast meeting with the board members, according to industry officials, Thursday.

Park Jae-hyuk | 2023-03-23 16:39

Hyundai Motor makes used car business official

Hyundai Motor makes used car business official

Hyundai Motor has added financial product sales and auto dealership businesses to its list of corporate activities, in a declaration to enter the used car market, the auto giant said on Thursday. Among its new growth objectives was the auto giant becoming a leader, defined by software-centered operation. The plan, according to the firm, is a gradual step towards transitioning...

Lee Kyung-min | 2023-03-23 16:37

Will Apple Pay launch boost local iPhone sales?

Will Apple Pay launch boost local iPhone sales?

Market analysts are divided over whether iPhone sales will dramatically increase to over 30 percent of the total market share in Korea after the launch of Apple Pay, a contactless mobile payment service provided by global tech titan Apple, two days ago. Most said, Thursday, that an Apple Pay-driven increase in local sales of the iPhone will not dramatically increase, not at l...

Lee Kyung-min | 2023-03-23 16:21

KOTRA attracts logistics investments

KOTRA attracts logistics investments

Kim Tae-hyung, front row fifth from left, commissioner of the Korea Trade-Investment Promotion Agency's (KOTRA) Invest Korea, poses with participants of the Global Logistics Investors Roundtable at Westin Josun Seoul, Thursday. KOTRA said representatives from global logistics firms talked about Korea's status as Northeast Asia's logistics hub and their investment opportunitie...

Park Jae-hyuk | 2023-03-23 15:14

Korean bakery chain Paris Baguette opens 1st store in Canada

Korean bakery chain Paris Baguette opens 1st store in Canada

Korean food and beverage giant SPC Group on Thursday said its bakery chain Paris Baguette opened its first store in Canada.

2023-03-23 11:55

Retailers rush to adopt Apple Pay system

Retailers rush to adopt Apple Pay system

Local retailers are preparing to introduce Apple Pay at their stores as the long-awaited mobile payment service has finally landed in Korea, industry officials said Wednesday. SPC Group's information technology service and marketing subsidiary Secta9ine has already adopted the Apple Pay system at more than 7,000 SPC-affiliated brand stores nationwide, including Paris Baguette...

Kim Jae-heun | 2023-03-23 08:21

Parliamentary committee passes bill expanding tax incentives for chipmakers

Parliamentary committee passes bill expanding tax incentives for chipmakers

The parliamentary strategy and finance committee Wednesday passed a bill aimed at supporting the semiconductor industry by giving bigger tax incentives to chipmakers.

2023-03-22 22:03

China, Singapore approve Hanwha's plan to take over Daewoo Shipbuilding

China, Singapore approve Hanwha's plan to take over Daewoo Shipbuilding

Hanwha Group has obtained approval from China and Singapore for its plan to take over Daewoo Shipbuilding Marine Engineering (DSME), company officials said Wednesday, leaving only South Korea and the European Union pending decisions on the acquisition.

2023-03-22 22:03

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4	Second daughter of Daesang chairman promoted to vice president

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