Business

Boeing discusses development of plane with Korean government

A Boeing executive discussed possible joint aircraft development with the Korean government in Seoul, Thursday. Mike Sinnett, vice president and general manager of product development...

KGC’s red ginseng oil may support prostate health

A joint research team for natural product efficacy by the Korea Ginseng Corporation (KGC) research institute and Prof. Lee Yoo-hyun from the University of...

Revised tax laws sparks return of money earned overseas

Companies are bringing money earned overseas back into Korea, supported by the revised corporate law that eased double taxation. According to the Finance Ministry and...

Terraform Labs co-founder Do Kwon charged with fraud by U.S. prosecutors

Do Kwon, the Terraform Labs co-founder behind a $40 billion implosion, was charged with fraud by U.S. prosecutors in New York. In the Thursday indictment,...

LG Energy Solution to invest $5.57 billion in Arizona battery plants

LG Energy Solution will invest 7.2 trillion won ($5.57 billion) in building battery plants in Arizona, the company announced Friday. The battery maker will spend...

Hyundai, Kia to recall over 570,000 vehicles in U.S. due to fire risk

Hyundai Motor and its affiliate Kia said Friday they will recall over 570,000 vehicles in the United States because the vehicles could pose a...

The number of South Koreans visiting LA is increasing significantly

The number of Koreans visiting Los Angeles has increased significantly as the pandemic eases. According to the latest yearly statistics released by the Los Angeles...

Hyundai Motor, Advent Technologies sign advanced fuel cell deal

Hyundai Motor and Kia will jointly develop a core component for advanced fuel cells with Advent Technologies, a Boston-based fuel cell component manufacturer. Hyundai Motor...

U.S. Chips Act offers some comfort to Korean chip makers

Samsung Electronics and SK hynix will be able to maintain and upgrade their manufacturing facilities in China — albeit marginally — even after the...

Lotte Confectionery signs MOU with American Institute of Baking International

Lotte Confectionery signed a memorandum of understanding (MOU) with the American Institute of Baking (AIB) International to better the quality of its food products. Lotte...