Business

Gov’t mulls suspension for Coupang over data leak, but experts question practicality

South Korea’s government is considering whether Coupang could face a temporary business suspension after a massive personal data leak and a delayed response. Experts say a suspension may be difficult to apply in practice and could also harm consumers and Coupang’s workforce.

196-Unit Low-Income Housing Project Planned Near Koreatown Metro

A low-income mixed-use housing complex is planned near the Wilshire/Crenshaw Metro area adjacent to Koreatown, according to a recent notice from the Greater Wilshire...

California Home Sales Reach 3-Year High in November

California home sales climbed to their highest level in three years in November, even as home prices softened, reflecting a cautiously improving housing market,...

Ford cancels $7.2 billion battery supply contract with LG

LG Energy Solution has canceled part of a major battery supply agreement with Ford, reflecting the automaker’s shift away from electric vehicles following U.S. subsidy cuts and weaker EV demand.

High-End Online Shopping Expands as Amazon Sells Cars, Luxury Goods

Amazon, long known for everyday essentials, is expanding into high-priced categories ranging from automobiles to luxury goods, positioning itself as a platform for high-end...

Air Premia sale cuts fares up to 15% on five U.S. routes

Hybrid airline Air Premia has launched a year-end special discount promotion, offering up to 15% off airfare on five U.S.-departure routes. Under the Air Premia...

2,346 Sign Up for Planned U.S. Class Action Over Coupang Data Leak

More than 2,000 people have signed up to join a planned U.S. federal class action lawsuit against Coupang Inc., the U.S.-based parent company of...

Pay Rent to Build Credit, Zillow Launches CreditClimb

A new service that connects renters’ monthly rent payments to their credit scores has entered the market, offering tenants a way to build credit...

Samsung chief meets with Elon Musk in Texas months after major chip deal

Samsung Electronics Chairman Lee Jae-yong met Tesla CEO Elon Musk in Texas, touring Samsung’s new semiconductor plant as the companies explore deeper cooperation following a major chip deal.

Year-end Car Deals Expand as Automakers Boost Discounts

Car buyers are seeing more year-end car deals as automakers and dealerships increase discounts, low-interest financing, and cash incentives to meet annual sales goals....