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Thursday, March 28, 2024

BUSINESS

Air Premia’s LA route achieves strong start with 85.7% boarding rate

  Air Premia, a mid to long-haul hybrid airline, is gearing up to celebrate its one-year anniversary on October 29. Having boldly entered the competitive LA-Korea...

Samsung Heavy Industries reports $55.89 million operating profit in Q3

Samsung Heavy Industries reported 75.8 billion won ($55.89 million) in operating profit in the third quarter, marking a turnaround from the same period last...

Korean economy expands 0.6 percent in Q3 as consumer spending recovers

Korea’s economy expanded 0.6 percent in the July-September period on quarter due to a recovery in consumer spending, according to the advance estimate released...

Korean airports slammed for lax security after spike of dangerous weapons, drugs

Korea's major airport authorities came under fire for a series of aviation security lapses that led to the illegal possession of ammunition and drug...

Hyundai moves to replicate legendary success in Middle East

Hyundai Motor Group aims to bolster its foothold in the Middle East and replicate the group's success in the region engineered by founder Chung...

Hyundai Motor to build first auto assembly plant in Middle East

Hyundai Motor and Saudi Arabia's sovereign wealth fund Public Investment Fund (PIF) agreed to build Korea's first auto assembly plant in the Middle East...

Samyang adds ‘Tom Yum’ flavor to Buldak range

Korean food company Samyang Foods introduced the Thai traditional dish 'Tom Yum' as a new flavor to its popular Buldak brand product line. The Buldak...

AI yearbook picture craze makes it rain for Snow

  The global craze for AI-generated yearbook pictures had one lesser-known Korean company ride high in terms of sales and reputation ahead of a possible...

Samsung Biologics banks on antibody drugs as fifth factory progresses

INCHEON — In Incheon, the world’s largest bio-manufacturing city in terms of production capacity, Samsung Biologics’ fifth factory is rapidly rising from the ground. With...

Samsung aims to develop denser chips, breakthrough materials

Samsung Electronics disclosed its ambition to push the limit of its memory chip density and develop breakthrough materials to enhance chip performance. “We will increase...