Business

Business

Samsung taps Jun Young-hyun to head its struggling chip business

Samsung Electronics replaced the leader of its struggling chip business in a surprise midyear reshuffle announced Tuesday. The tech giant rarely reshuffles its senior executives...
Business

United Airlines flight makes midair U-turn to Korea due to crew food poisoning

A San Francisco-bound plane leaving from Incheon International Airport was forced to fly back to Korea due to its pilot and flight attendants falling...
Business

Tesla layoffs hit South Korea, putting Supercharger projects on hold

Tesla is pushing to slim down its workforce in Korea in line with its massive global layoff announcement last month as electric car demand...
Business

SK heiress Chey Min-jung to wed Chinese American entrepreneur in October

SK Chairman Chey Tae-won's second daughter, Chey Min-jung, is getting married to a Chinese American entrepreneur in a ceremony in October, a departure from...
Business

Toxic substances found in AliExpress, Shein children’s products

Two children’s accessories sold through Chinese e-commerce platforms AliExpress andΒ Shein contained concentrations of toxic substances 270 times above the permitted level, the Seoul Metropolitan...
Business

HYBE must vibe with stricter rules with FTC’s ‘large corporate group’ designation

HYBE is now subject to the stricter set of rules applied to major conglomerates in Korea as the Fair Trade Commission (FTC) designated the...
Business

The Korea Daily files request for body cam records of police shooting Yong Yang

In response to the incident of Yong Yang, a mentally ill Korean American who was shot dead by police on May 2, the Korea...
Business

U.S. to hike tariffs on Chinese EVs and steel, benefitting Korea

The Biden administration's announcement of a massive tariff hike on $18 billion of clean-energy products from China has opened the door to a boost...
Business

From Lamborghini to Rolls-Royce: Koreans’ craze for supercars

The country where Lamborghini sells more cars than on its home turf of Italy. Where Mercedes sells the most E-Class globally. The answer to both...
Business

All on the line: Naver has decision to make with $7.3B stake in Line Yahoo

With mounting pressure from Japan on Naver to cut capital ties with the operator of the Line messaging app, market insiders have been quick...
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