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Sun, December 3, 2023 | 19:35
Samsung, LG perplexed by UN allegations of Uyghur rights violation
Major conglomerates stated Friday they are not involved in human rights issues relating to China's Uyghur minority centered in the region of Xianjiang. Their remarks came after the U.N. Office of the High Commissioner for Human Rights (OHCHR) requested Korean companies clarify their transactions with China-based firms employing forced labor by the ethnic minority.
New biz focus poses dilemma for telecom firms
The country's three major telecom companies saw their profits grow in the first quarter, backed by new business ventures in non-telecom sectors as they seek opportunities within new fields of information and communication technology such as artificial intelligence, big data and cloud computing.
SK Innovation expecting over W3 trillion in battery sales this year
SK Innovation said Thursday it expects sales generated from electric vehicle (EV) batteries to exceed 3 trillion won this year, doubling the figure for 2020.
Korea emerging as Asia's vaccine hub
Korea is quickly becoming a hub for producing vaccines and treatments for COVID-19 in Asia, based on its advanced manufacturing capabilities and capacity. Sources told The Korea Times that Moderna is reviewing setting up a production plant on Incheon's Yeongjong Island, where Incheon International Airport is located.
KT won't cancel treasury shares for time being
KT does not have any immediate plans to cancel its treasury shares, the company said Tuesday. Its remarks came as the company struggles to boost its share price.
NCSOFT seeking changes for greater global appeal
NCSOFT said Monday that it is seeking fundamental changes to its existing games to expand its global user base, as the game developer is focusing increasingly on overseas markets for revenue.
LG Display gaining ground for annual dividends
Handsome earnings projections for LG Display this year are increasing the possibility that the company will resume dividend payouts for investors as early as next year.
All eyes on Disney Plus launch
The launch of Disney's streaming channel in Korea is the focus of attention, as the entertainment giant's service is quickly expanding in Asia. Disney said last week it will launch its over-the-top (OTT) media service in Malaysia on June 1. This comes after Disney Plus was launched in Singapore in February.
Unions wield increasing influence at tech firms
Unions are exercising growing influence at tech firms amid an industry-wide movement by workers seeking better compensation. Samsung Display, for instance, is facing a possible walkout by workers due to wage issues.
Overseas sales to go into double digits this year: Kakao
Kakao said Thursday it expects sales generated overseas to account for double digits in the proportion of its total sales for this year, as it accelerates growth in the entertainment content business. "We expect to be able to show Kakao's sales being diversified to overseas sources this year," CEO Yeo Min-soo said in a conference call on the company's first-quarter earnings.