Business

Business

Experts say older people in Korea not nearly as poor as numbers suggest

Nearly four out of 10 people over the age of 65 in Korea were categorized as poor as of 2021. However, experts say this...
Business

Finance minister visits SK hynix plant

Finance Minister Choo Kyung-ho, center, visits SK hynix's chip manufacturing facility in Icheon on Wednesday.
Business

Young Koreans abandon outdated ancestral rituals for simple gatherings

Charye, a centerpiece Korean ancestral ritual that involves putting up to 30 dishes of food out for ancestors, is fading away as young Koreans...
Business

Korean battery makers on alert as Ford pauses CATL plant

Korean battery makers are on the alert after Ford Motor’s recent decision to temporarily pause its Michigan battery plant with Contemporary Amperex Technology (CATL), which may help...
Business

Won plummets as investors flock to safe-haven dollar

  The value of the won continues to plummet as investors flock to the dollar as a safe haven currency amid lingering market uncertainties. Korea’s local...
Business

Korean Gov’t looks to boost housing supply with more units, $14.8B investment

The government on Tuesday vowed to supply an additional 120,000 public units and raise finance programs for the housing market by 20 trillion won...
Business

SKC to invest $70 million in smart glass company Halio

SKC will invest $70 million in Halio, a California-based electrochromic glass solution provider, to strengthen its environmentally friendly materials business. The Korean company on Tuesday held a...
Business

Korea, Vietnam discuss trade at economic forum in Seoul

Korea Enterprises Federation (KEF) Chairman Sohn Kyung-shik and Ho Chi Minh City People's Committee Chairman Phan Van Mai discussed measures to boost Korea-Vietnam economic...
Business

Rush in sugar stock prices with consumers sweet on tanghulu craze

The craze in Korea for tanghulu, a sugar-encrusted dessert that originated from China, and soaring global sugar prices, are triggering a surge in the stock...
Business

Crab-crazy Korea to solve Italy’s crustacean invasion

Korea, the biggest crab-loving nation in the world, is looking to import blue crabs from Italy, where the crustaceans are proving a headache. The blue...
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