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Business

Samsung Heavy Industries faces contract cancellation due to Russian sanctions

Samsung Heavy Industries' Vasily Dinkov, the world's first bi-directional icebreaking oil tanker, built in 2007 Samsung Heavy Industries is facing a potential contract cancellation...
Business

Activist shareholders push for HMM sale to German giant

Shareholder activism has hit HMM, Korea's largest container shipper, as its minority shareholders are vocalizing a desire for the company to be acquired by...
Business

Exports fail to shine, but chip recovery on the horizon

From left, Cho Sang-hyeon, the head of KITA's Institute for International Trade, and Jeong Marn-ki, KITA's executive vice chairman, speak at the press briefing...
Business

Labor Day travel for Koreans doubles from last year amid surging demand

The Korean American travel industry is experiencing a remarkable surge in demand as the number of Koreans traveling for the Labor Day holiday increases. Korean...
Business

Kia reveals all-electric EV5 SUV

The Kia EV5 SUV, the carmaker's first electric-only model manufactured in China, made its global debut on Friday during the Chengdu Motor Show held...
Business

Fukushima water discharge deals blow to Korean fisheries

Japan's decision to release treated radioactive water from the Fukushima Daiichi nuclear power plant is dealing a critical blow to Korean fisheries as they...
Business

Ariana Grande’s exit rumor leaves HYBE in pickle

Rumor has it that Ariana Grande is leaving her manager Scooter Braun. Should it be true, the biggest loser may not be Braun but...
Business

Bank of Korea keeps rate, growth forecast steady

The Bank of Korea (BOK) kept the key rate unchanged at 3.50 percent on Thursday for a fifth consecutive time. It was a unanimous decision by the...
Business

Ray EV comes back with a half-price tag, doubles driving range

Kia's mini Ray EV returns from a five-year break at half its previous price but with double the driving range. The Korean automaker will begin...
Business

Bank workers in Korea choosing voluntary retirement while getting is good

Banks are reaping record profits, but ironically, more and more workers are feeling encouraged to leave. Workers are happy to move on to the next...
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