Kim Tae-gyu, The Korea Times Journalist Profile

Articles

South Korean company launches political meme coins amid impeachment turmoil

3 weeks ago | upi.com | Kim Tae-gyu

DYC’s founding CEO Lee Da-yeon has a meeting at the company’s office in Seoul. The company rolled out unique political meme coins earlier this year. Photo courtesy of DYC SEOUL, April 2 (UPI) -- A South Korean company has launched a pair of political meme coins which it claims offer an accurate real-time reflection of the country's public sentiment amid the divisive impeachment trial of its president.
Analysis: Hanwha Aerospace’s rights offering halted by financial regulator

3 weeks ago | upi.com | Kim Tae-gyu

South Korea's Financial Supervisory Service halted a rights offering worth $2.5 billion by defense giant Hanwha Aerospace. Photo courtesy Hanwha Group March 28 (UPI) -- Top executives of South Korea's defense giant Hanwha Aerospace sought to calm angry investors at Tuesday's shareholders' meeting in Seoul. The reason: the company's recent announcement of a rights offering worth $2.5 billion upset investors as the move triggered a plunge in the firm's stock price.
Analysis: Can South Korea become alternative to China for global firms?

1 month ago | upi.com | Kim Tae-gyu

Seoul fails to attract multinational companies, which relocate their Asian head officefrom China. Photo courtesy of Seoul Metropolitan City March 10 (UPI) -- In March 2024, the American Chamber of Commerce in Korea surveyed its 800-plus members to ask the best country to place their Asian-Pacific regional head office. South Korea ranked No. 2, following only Singapore.
Samsung unveils Galaxy Ring health tracker

Feb 27, 2024 | upi.com | Kim Yoon-kyoung |Kim Tae-gyu

Samsung's Ring is designed to help enhance the wearer’s overall wellness, using around-the-clock features such as the step tracker, heart rate monitor and sleep monitor. Photo courtesy of Samsung SEOUL, Feb. 27 (UPI) -- Samsung Electronics unveiled its smart healthcare device, the Galaxy Ring, during the Mobile World Congress in Spain.
South Korean firms form partnership to produce bio-nylon

Feb 20, 2024 | upi.com | Jeong Hyeon-hwan |Kim Tae-gyu

LG Chem CEO Shin Hak-cheol (R) shakes hands with CJ Cheiljedang chief Choi Eun-seok after signing an agreement to cooperate to work on bio-based nylon at LG Chem’s office in Seoul. Photo courtesy of LG Chem SEOUL, Feb. 20 (UPI) -- South Korea's LG Chem and CJ CheilJedang have announced a partnership to produce a bio-based nylon to replace conventional synthetic polymers.
South Korean firms form partnership to produce bio-nylon

Feb 20, 2024 | kansas.com | Jeong Hyeon-hwan |Kim Tae-gyu

SEOUL, Feb. 20 (UPI) -- South Korea's LG Chem and CJ CheilJedang have announced a partnership to produce a bio-based nylon to replace conventional synthetic polymers. LG Chem, the country's leading chemical company, said Thursday it was founding a new joint venture to increase production of ingredients needed for bio-based nylon products. The partnership will entail CJ CheilJedang providing pentamethylenediamine, also known as cadaverine, a key ingredient in bio-based nylon products, to LG Chem.
Starbucks sees growth in Asia, where coffee becoming 'a thing'

Feb 13, 2024 | news.yahoo.com | Ha Yu-jin |Kim Tae-gyu

More Starbucks stores are opening every year in South Korea and other Asian markets. Photo courtesy of Starbucks KoreaSEOUL, Feb. 13 (UPI) -- Although the United States remains the runaway leader in the number of Starbucks outlets, Asian countries including China, Japan and South Korea are close on its heels, the company said.
Starbucks sees growth in Asia, where coffee becoming 'a thing'

Feb 13, 2024 | upi.com | Kim Tae-gyu |Ha Yu-jin

SEOUL, Feb. 13 (UPI) -- Although the United States remains the runaway leader in the number of Starbucks outlets, Asian countries including China, Japan and South Korea are close on its heels, the company said. As of the end of 2023, the Seattle-based coffee chain operated a total of 16,466 stores in the United States, followed by China with 6,975, Japan with 1,901, South Korea with 1,893, Canada with 1,465, and the United Kingdom with 1,297, Starbucks said Monday.
South Korea’s LIG Nex1 wins $3.2B arms deal with Saudi Arabia

Feb 7, 2024 | newsbreak.com | Jeong Hyeon-hwan |Kim Tae-gyu

SEOUL, Feb. 7 (UPI) -- South Korea's defense ministry said LIG Nex1 has won a $3.2 billion contract to export midrange surface-to-air missiles to Saudi Arabia. LIG Nex1’s midrange surface-to-air missile system is displayed at the World Defense Show in Riyadh, Saudi Arabia, on Monday. Photo courtesy of LIG Nex1 Under the deal signed late last year, LIG Nex1 is scheduled to ship its Cheongung-II missiles (Cheongung translates to "Heaven's bow" in Korean) to the Middle East nation.
South Korea’s LIG Nex1 wins $3.2B arms deal with Saudi Arabia

Feb 7, 2024 | upi.com | Jeong Hyeon-hwan |Kim Tae-gyu

LIG Nex1’s midrange surface-to-air missile system is displayed at theWorld Defense Show in Riyadh, Saudi Arabia, on Monday. Photo courtesyof LIG Nex1 SEOUL, Feb. 7 (UPI) -- South Korea's defense ministry said LIG Nex1 has won a $3.2 billion contract to export midrange surface-to-air missiles to Saudi Arabia. Under the deal signed late last year, LIG Nex1 is scheduled to ship its Cheongung-II missiles (Cheongung translates to "Heaven's bow" in Korean) to the Middle East nation.