Business

Interpark changes name, aims to draw 50M inbound tourists

Interpark, an e-commerce company, changed its name to "InterparkTriple," and reoriented its business focus towards inbound tourism sales. The concert and travel ticket provider, which...

Korea to get tough on industrial espionage from China

Korea is set to toughen criminal punishments on technology theft following a series of highly publicized data leaks, often involving Chinese businesses and employees...

Korean investors making bets on the yen

Korean investors are buying up yen to take advantage of the Japanese currency's weakness. They are eyeing foreign exchange gains if the yen stages...

High labor costs lead owners in Korea to choose unmanned shops

Unmanned ice cream shops, which proliferated during the pandemic, are easy targets for thieves. But high labor costs mean owners would rather have a...

Tourism businesses welcome surge of Korean tourists to U.S. for first summer season after the pandemic

As the number of Koreans visiting the United States for the first summer vacation season since the end of the pandemic is expected to...

Samsung SDI, GM to build $3 billion battery plant in Indiana

Samsung SDI and General Motors (GM) will jointly invest at least $3 billion to build an electric vehicle (EV) battery plant in Indiana, the...

Korean, Chinese consumers show hostility as tensions rise

With the relations between China and South Korea hitting new lows almost on a daily basis, consumers in each country are avoiding one another's...

IBM to release updated AI system called ‘watsonx’ in July

IBM will release its updated AI system called "watsonx" in July both at home and abroad, targeting the fast-growing demand for large-scale, generative AI. The...

U.S. will extend chip exemptions for Samsung, SK hynix

A high-ranking U.S. Commerce Department official has indicated that Samsung Electronics and SK hynix can maintain their chip business in China, at least for...

Stocks close lower amid worsening Korea-China relations ahead of FOMC

Stocks finished lower Monday on foreign selling, as investors remain keen on the Federal Open Market Committee's (FOMC) rate-setting meeting this week. The won...