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Business

Naver Webtoon starts IPO process for Nasdaq

Naver Webtoon has started the administrative process to go public on the U.S. Nasdaq market. The webtoon platform, also known as Webtoon Entertainment in the...
Business

Korea to build three nuclear plants and one SMR by 2038

Korea will build three nuclear power plants and one small modular reactor (SMR) by 2038, accelerating its deployment of nuclear power to meet rising...
Business

SK chairman ordered to pay $1 billion in divorce settlement case

The Seoul High Court ruled on Thursday that SK Chairman Chey Tae-won must pay 1.38 trillion won ($1 billion) in property division and 2...
Business

Largest union of Samsung Electronics to strike next Friday

Samsung Electronics’ largest union said Wednesday that it will start striking next week over demands for higher wages, with the first nationwide walkout since...
Business

HYBE sells 3.2% stake in SM Entertainment for $50.2M

HYBE, the K-pop powerhouse behind BTS and NewJeans, offloaded a 3.2 percent stake in SM Entertainment via a block deal worth 68.4 billion won...
Business

Explainer: How Korea notched the second-biggest GDP upgrade after the U.S.

Korea’s economic and business scenes unfold in such an intricate way that the headline numbers and official statements fall short of explaining what is...
Business

Korean Air signs interline agreement with Air Premia for U.S. to Asia routes

Korean Air signed an interline agreement with budget airline Air Premia to connect the latter’s flights leaving from the United States to other countries...
Business

Betting the house or burning it down? How the scarcity of success led to the HYBE-ADOR power struggle.

HYBE CEO Bang Si-hyuk alerted the world with a shocking revelation in March 2023: β€œK-pop is in crisis.” The analysis, it turned out, came...
Business

Samsung to unveil Galaxy Fold 6, Flip 6 in Paris on July 10

Samsung Electronics will unveil its next Galaxy foldables and smart ring on July 10 in Paris ahead of the Paris 2024 Olympics, industry sources...
Business

Price of Costco shoppers’ favorite items has quietly increased

Membership giant Costco recently raised the price of gas and other popular items. While gas from Costco tends to be cheaper than that from regular...
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