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Tuesday, April 23, 2024

BUSINESS

Seven Korean startups honored for cutting-edge innovations

Seven startups at the forefront of Korea’s technological advances were recognized as the winners during the annual startup conference co-hosted by The JoongAng Media...

Global energy, automobile companies pledge $940 million investment in Korea

Five energy and automobile companies from Thailand, Spain and France pledged to invest a combined $940 million in Korea, submitting investment applications to the...

Samsung family to sell $2B worth of shares to cover inheritance tax

Members of Samsung Group's owning family will sell nearly 2.6 trillion won ($2 billion) worth of shares in Samsung affiliates to cover inheritance taxes,...

Samsung sets aggressive shipping targets for Galaxy S24

Samsung Electronics has set a shipping target of 35 million units for its Galaxy S24 series, which will be released next January. This would be...

Samsung Display sues China’s BOE in U.S. over technology theft

Samsung Display sued China’s BOE in the United States over the misappropriation of trade secrets regarding organic light-emitting diode (OLED) panels, in a widening battle...

Seventeen, V, NewJeans drive record Q3 profit for HYBE

HYBE, the K-pop agency behind BTS, posted expectation-beating earnings for the third quarter, driven by strong album and ticket sales. HYBE attributed the upbeat quarterly...

Korea’s exports see first on-year rebound in 13 months

Korea’s exports grew 5.1 percent in October, marking their first on-year rebound in 13 months. Growth was driven by strong automobile exports and recovery...

Samsung’s chip business shows signs of recovery in Q3

Samsung Electronics narrowed its chip deficit by 600 billion won ($443.9 million) in the third quarter, showing signs of bottoming out after a long...

Korean rice gains overseas traction as CJ frozen range surpasses $73M in U.S. sales

Sales of CJ CheilJedang's frozen rice products produced and sold in the United States have surpassed 100 billion won ($73.9 million) for this year, the...

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...