Business

Samsung, Hyundai to invest $400B at home as Korea-U.S. trade deal sparks outflow concerns

Samsung, Hyundai and other major conglomerates pledged massive new domestic investments and hiring after Korea’s latest tariff deal with the United States, even as the agreement ties lower U.S. tariffs to a $350 billion American investment package and strict performance conditions.

50-Year Mortgage Cuts Payments but Doubles Total Interest

The idea of a 50-year mortgage has been floated, pitching it as a way to make homeownership more affordable. But a closer look at...

CHA Hospital opens ‘Global Infertility Center,’ using AI to address infertility challenges

CHA Hospital has opened a major infertility center in Seoul that combines artificial intelligence with decades of reproductive-medicine expertise, expanding access to precision fertility care with support from leading specialists.

Southern California airport passenger decline marks first drop since 2021

Passenger traffic at major Southern California airports fell year over year in September 2024, marking the first decline since 2021, when the pandemic’s early...

California Consumer Spending Cools as Homes, Cars Put on Hold

High interest rates, inflation, and uncertainty around the Trump administration’s economic policies are weighing on California consumer spending, as many residents postpone big-ticket purchases...

Grocery Price Inflation Pushes Consumers Toward Budget Shopping

Grocery price inflation is prompting consumers to adopt new savings habits as food costs continue to rise. As grocery price inflation persists, many shoppers...

Samsung lags behind TSMC in chips. So why is Musk making a $16.5B bet on it?

Elon Musk split AI5 and AI6 chip orders between Samsung Electronics and TSMC to boost capacity and control costs, while advancing a mega-fab vision. The current Samsung contract totals $16.5 billion, with mass production of AI5 targeted for 2027 and AI6 for 2028.

Hyundai Palisade XRT PRO Designer Reflects on 35-Year Career

Designing the Hyundai Palisade XRT PRO for the North American market was one of the final projects completed by Soomin Choe, a Korean American...

Oven Cleaning Ranked Most Hated Chore by 44% of Adults

A new survey found that oven cleaning is the household task adults most want to avoid, even during holidays when many finally have time...

Infant Formula Recall After Potential Botulinum Toxin-Producing Bacteria Found

An infant formula recall has been issued after testing found bacteria capable of producing a nerve toxin in products distributed nationwide under the ByHeart...