Business

Business

Korean companies expand airport facilities to handle barrage of orders from AliExpress

Korean logistics companies are shelling out millions of dollars to expand their facilities, aiming to cash in on a surge of imports from China's...
Business

U.S. gives 2-year grace period until IRA battery regulations take effect

The U.S. government announced a two-year grace period before the regulations on battery materials under the Inflation Reduction Act (IRA) become enforceable, giving Korean...
Business

Hyundai’s Xcient hydrogen trucks deployed in California’s zero-emissions project

Hyundai Motor delivered 30 of its Xcient fuel cell trucks to California as part of the state's NorCAL ZERO Project, a scheme focused on...
Business

Buldak maker’s stock erupts to all-time high amid viral wave

The price of Samyang Foods shares hit an all-time high, powered by the global popularity of its crown jewel, Buldak ramen. The stock closed at...
Business

LG Chem pledges $86.6 million for water desalination device plant in Saudi Arabia

LG Chem will invest up to 120 billion won ($86.6 million) jointly with Alkhorayef Group to build its first overseas water desalination device plant...
Business

Bank of Hope signs definitive merger with Territorial Savings Bank

Bank of Hope is acquiring Hawaii-based Bank Territorial Savings Bank, expanding America's largest Korean-American bank's operations to Hawaii. Bank of Hope's holding company, Hope Bancorp,...
Business

Samsung set to mass-produce 12-layered HBM3E in Q2, eyes Nvidia deals

Samsung Electronics plans to mass-produce 12-layered HBM3E chips in the second quarter of this year, aiming for an early lead in the next-generation premium...
Business

Seoul to adopt tagless payment system on subway lines 1 to 8 by late 2025

Seoul plans to implement a tagless payment system along subway lines No. 1 through 8 as early as the second half of 2025. The Seoul...
Business

Inside the contentious contract dividing HYBE and ADOR

  At the heart of the intensifying feud between HYBE and ADOR CEO Min Hee-jin is a shareholder contract that the two parties signed in...
Business

HYBE stock plunges after ADOR CEO’s emotionally-charged press appearance

HYBE's stock price plunged more than 5 percent on Friday, following a press conference by NewJeans' producer publicly revealing the internal feud between the...
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