Business

LG Electronics projects $64 billion annual sales record for last year

LG Electronics projected an all-time sales high of 84.3 trillion won ($64 billion) last year as its appliance products and automotive business garnered robust...

Verizon agrees to $100 M settlement over junk fees, users get up to $100 each

Verizon has agreed to settle a class action lawsuit involving junk fees, making customers eligible to receive up to $100. The lawsuit accused Verizon of...

Kia EV9 named 2024 North American Utility Vehicle of the Year

The Kia EV9 SUV was named the North American Utility Vehicle of the Year by the North American Car, Utility and Truck of the...

California’s compost law could fine householders for not separating food waste

Starting in 2024, householders should be aware that they can be fined for not separating their food waste. Media channel KCRA announced on January 3...

LG, Magna co-develop integrated module for infotainment, ADAS

LG Electronics and Magna announced Thursday they have co-developed an integrated module for an in-vehicle infotainment system and advanced driver assistance system (ADAS). LG Electronics will...

Hyundai Motor Group to focus on EVs, flying taxis in 2024

Hyundai Motor pledged to seek sustainable growth this year with a focus on EVs, robots and flying taxis. Executive Chair Euisun Chung emphasized that “consistent...

Samsung, Korean conglomerates prioritize AI innovation, sustainability in 2024

With global chip demand showing signs of recovery after a grim year of losses, Samsung Electronics is prioritizing establishing unrivaled technological leadership, future-proof adaptability...

SK hynix opens U.S.-based NAND R&D unit for AI devices

SK hynix set up a research and development (R&D) unit dedicated to NAND at its U.S. entity as the Korean chipmaker looks to capitalize...

KAI secures $1B deal to produce combat helicopters

Korea Aerospace Industries (KAI), an aircraft manufacturer, clinched a 1.4-trillion-won ($1.08-billion) deal from the country’s defense procurement agency to produce combat helicopters. The contract, announced...

Samsung shares reaches 52-week high as the world braces for an AI boom

Shares of Samsung Electronics continued their winning streak Tuesday amid upbeat expectations for AI and memory chips next year. The company's shares closed at 76,600...