Business

Business

Kepco to cooperate with Samsung to power $226 billion chip hub

As Samsung Electronics is set to build a 300 trillion won ($226 billion) massive chip cluster in Yongin, Gyeonggi, by 2042, the chipmaker will cooperate with...
Business

Samsung, LG investors spooked by China’s iPhone ban

China’s push to ban Apple iPhones for government workers is dampening investment sentiment for Samsung, LG and smaller parts suppliers tied with the San...
Business

Supply crisis fears fuel demand spike for urea solutions

Despite the government’s assurance that there will be no urea shortage in Korea, concerned consumers — wary of a repeat of the supply crisis...
Business

Korea’s major shipbuilders battle for lucrative LNG deals

Korea's three big shipbuilders will be vying to win a series of liquefied natural gas (LNG) carrier orders scheduled for the latter half of...
Business

Orion earns $82M in dividends from Vietnamese subsidiary

Orion, a Seoul-based confectionery company, will spend 110 billion won ($82.39 million), a sum received in dividends from its Vietnamese subsidiary, to expand its production...
Business

Kakao Taxi to launch in U.S., Australia this year

Kakao Mobility aims to launch its cab-hailing service Kakao Taxi in the U.S. and Australian markets within this year, an initiative helped by the...
Business

Designer Galaxy

Business

Korea, Indonesia sign 16 biz deals in Jakarta

Korea and Indonesia clinched a total of 16 deals at the business round table held Thursday in Jakarta, boosting cooperation on advanced technology and...
Business

Posco International breaks into U.S. carbon capture sector

Trade and energy company Posco International is entering the U.S. carbon capture and storage (CCS) business as the first Korean company to make a...
Business

Demand for private education defies Korea’s declining demographics

Despite decaying demographics, Koreans are spending more on private education and opening more cram schools. There were 109,488 cram schools and private study rooms in...
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