Hong Kong China Ant Group IPO

Oct 27, 2020

In this Friday, Oct. 23, 2020, photo, an employee sits at the Ant Group office in Hong Kong. The world's largest fintech company, China's Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records. (AP Photo/Kin Cheung)

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Migrant Indie Art Festival seeks artistic independence with Declaration of Freedom

The Migrant Indie Art Festival is back for its 15th year, but this time it's being held under a new name. Organized by the Asian Media Culture Factory, it started in 2012 as the Seoul Migrant Art Festival. This year's festival will be held in two venues from this Saturday to Oct. 25 in Seoul’s Yeongdeungpo and Seodaemun districts, featuring events including music and screenings of films made by migrants living in Korea. Founded in late 2011, the Asian Media Culture Factory is a nonprofit cultural and arts organization led by migrants. The organizers told The Korea Times that their mission is to support migrant-led artistic practices and build a cultural and artistic platform for people who arrived from overseas. “We believe that everyone should have the right to engage in the arts, regardless of nationality, ethnicity, religion or visa status," they said. “We hope to create a space where migrant artists and cultural practitioners, who often have limited cultural and artistic networks and few opportunities to present their work in Korean society, can showcase their work and gain rec

Migrant Indie Art Festival seeks artistic independence with Declaration of Freedom

[INTERVIEW] Alaska Airlines eyes Asia expansion as Korea route gains traction

SEATTLE — Alaska Airlines is looking to expand its presence in Asia as its Incheon-Seattle route gains traction, with Korea emerging as a key market in the U.S. carrier’s expanding international network. The airline recorded load factors of 82 percent in June, 84 percent in July and 79 percent in August on the route, marking a strong start in its first full year of operations. The figures exceeded expectations for a new route, which typically takes about three years to mature as the airline adjusts schedules and connections to meet passenger demand. "Those are really good, strong load factors for the first year of a new route," Shane Tackett, president and chief financial officer of Alaska Airlines, said in an interview with The Korea Times on Sept. 29. He added that one month ranked among Alaska's best-performing international routes financially before fuel prices increased significantly. The airline sees further opportunities to attract passengers from Korea, where its brand remains relatively unfamiliar. Tackett said Alaska Airlines aims to raise awareness of its services and enco

[INTERVIEW] Alaska Airlines eyes Asia expansion as Korea route gains traction

Hyundai Motor's tech bets face headwinds as core business loses steam

Hyundai Motor’s weakening auto profitability is raising questions about the sustainability of its costly investments in robotics and autonomous driving, as the technologies remain years away from generating significant earnings. The company is betting on Boston Dynamics’ Atlas humanoid robot, its own software-defined vehicle (SDV) and autonomous driving capabilities as three core pillars for its future mobility. Yet those businesses are far from generating tangible earnings, leaving Hyundai increasingly dependent on its conventional auto business which faces mounting earnings pressure from labor disputes at home, tariffs from the United States and intensifying competition from Chinese automakers in Europe. The timing gap between its weakening core business and future growth engines is becoming harder for investors to overlook. Hyundai’s shares have fallen around 60 percent from their June 1 peak of 783,000 won ($587) to less than 320,000 won on Monday, reflecting fading enthusiasm for its robotics ambitions and growing doubts over its earnings outlook. The pressure continues to be

Hyundai Motor's tech bets face headwinds as core business loses steam

How Mediheal is evolving beyond sheet masks

This is the third in a series of interview stories and feature stories about L&P Cosmetic, a company behind the globally popular facial sheet mask brand Mediheal, introducing the philosophies, insights and future strategies of leaders of the K-beauty company. — ED Best known for turning sheet masks into a beauty routine staple, L&P Cosmetic’s Mediheal is building its next stage of growth around a broader portfolio of skin care solutions, ranging from toners to serums, cleansers, creams and sun care products. The expansion reflects Mediheal’s evolution from a mask-focused label into a comprehensive skin care brand designed to address consumers’ needs across every step of their daily routines. Drawing on the recognition it has built through sheet masks, the brand is extending its ingredient expertise and research capabilities into products that can be used before, after and alongside masks. That strategy was on display in Japan in August when Mediheal introduced its new Derma Skin Care Series, featuring toners, serums and serum masks. The series used three ingredients closely asso

How Mediheal is evolving beyond sheet masks

‘China shock 3.0’ to be driven by AI, biotech and robot exports, economist says

The world is on the cusp of a “China shock 3.0” driven by exports of artificial intelligence (AI), biotechnology and robots, which could hit harder than the current wave, a leading economist on China has said. “We are already at the starting point of the China shock 3.0,” Alicia Garcia-Herrero, a senior fellow at Brussels-based think tank Bruegel and chief economist for Asia-Pacific at investment bank Natixis, told the South China Morning Post from Taipei after a virtual panel hosted by the...

‘China shock 3.0’ to be driven by AI, biotech and robot exports, economist says

Susan Thornton on US-China ties, post-midterms and averting a new balloon crisis

Susan Thornton is a former American diplomat who for decades worked on US policy in Eurasia in the State Department before becoming acting assistant secretary of state for East Asian and Pacific affairs during the first Trump presidency. She is the director of the Forum on Asia-Pacific Security at the National Committee on American Foreign Policy and a senior fellow at the Paul Tsai China Centre, Yale Law School. She spoke to Orange Wang about keeping the lines of China-US communication...

Susan Thornton on US-China ties, post-midterms and averting a new balloon crisis

Hegseth calls US$1.5 trillion defence budget ‘critical’ to counter China

US Defence Secretary Pete Hegseth has called a nearly US$1.5 trillion defence budget request “absolutely critical”, warning that whoever falls behind in autonomy, robotics and AI will fall “even further behind” as Washington eyes China’s rapid military modernisation. Speaking at a panel discussion during the Association of the United States Army (AUSA) Annual Meeting and Exposition on Wednesday, Hegseth said that Project Agincourt, the Pentagon’s initiative to accelerate drone and autonomous...

Hegseth calls US$1.5 trillion defence budget ‘critical’ to counter China

Can China’s coal industry ride to the rescue of a world in oil shock?

Be warned. The global economy is likely to experience a recession next year. War across the Middle East is set to escalate, wrecking energy supplies for many years, even as the artificial intelligence (AI) bubble is ripe to burst. This, however, would also create an energy leadership opportunity for China. High energy prices already fuel demand for Chinese renewable energy products and electric vehicles. But as a leader in building coal-fired power plants, China can also offer the global market...

Can China’s coal industry ride to the rescue of a world in oil shock?

Bank of America fined US$1.21 billion as US flags suspected Chinese money laundering

Bank of America, the second-largest US bank, failed to promptly report hundreds of millions of dollars in suspicious transactions bearing signs of Chinese money-laundering networks, US regulators said on Tuesday, announcing more than US$1.21 billion in penalties for broader anti-money-laundering and sanctions failures. The Financial Crimes Enforcement Network, or FinCEN, said the activity included large wire transfers to counterparties in China, repeated credit-card purchases at major retailers...

Bank of America fined US$1.21 billion as US flags suspected Chinese money laundering

EU leaders to ‘urgently’ call for new trade weapons to tackle China shock

Leaders of the EU’s 27 member states will instruct Brussels to “urgently” come up with new weapons to counter the imbalances they believe are caused by China’s economic policies, at a meeting in the Belgian capital on Thursday. The instruction – part of a draft statement being negotiated ahead of this week’s European Council summit – comes after the European Union and China reached a surprise deal in Beijing last week that will cap the number of Chinese hybrid cars imported to the bloc at...

EU leaders to ‘urgently’ call for new trade weapons to tackle China shock

Hong Kong extends smart fire alarm scheme to another 6,000 old buildings

Hong Kong’s Fire Services Department has extended a scheme allowing property owners to install smart fire alarm systems rather than traditional safety equipment to another 6,000 old buildings, but conceded that no installations had been completed although the policy was rolled out over five months ago for 3,600 blocks. Lai Kin-mo, acting deputy chief fire officer for building improvement, said on Wednesday that while 300 buildings had expressed interest in installing the system, which can send...

Hong Kong extends smart fire alarm scheme to another 6,000 old buildings

Defector who won $37,210 from Kim Jong-un in lawsuit vows to fight on

In July 2025, Choi Min-kyeong brought an unusual suit against someone few would have tried to lodge a case against: North Korean leader Kim Jong-un. It was the first time a North Korean defector filed a lawsuit against Kim, seeking damages for the torture and sexual violence she suffered in North Korea. "People around me said filing the lawsuit made no sense," Choi, 55, president of the Imprisonment Victims' Family Association, said in an interview with The Korea Times. "At first, a police officer who took my complaint thought it was ridiculous and dismissed it." However, in August, the Seoul Central District Court sided with Choi in her damages suit against Kim, awarding the full 50 million won ($37,210) she had sought. "I was happy and proud when I heard the ruling. I risked my life filing this lawsuit because I couldn't get my eldest daughter out. The 50 million won is just symbolic, calculated from court fees and legal costs, since even 500 billion won wouldn't satisfy my anger," Choi said, adding that the ruling established a legal basis to arrest Kim if he ever enters South Korea.

Defector who won $37,210 from Kim Jong-un in lawsuit vows to fight on

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