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Sunday, May 26, 2024

BUSINESS

Betting the house or burning it down? How the scarcity of success led to the HYBE-ADOR power struggle.

HYBE CEO Bang Si-hyuk alerted the world with a shocking revelation in March 2023: “K-pop is in crisis.” The analysis, it turned out, came...

Samsung to unveil Galaxy Fold 6, Flip 6 in Paris on July 10

Samsung Electronics will unveil its next Galaxy foldables and smart ring on July 10 in Paris ahead of the Paris 2024 Olympics, industry sources...

EnableFusion has an answer to AI’s power problem

  Nuclear fusion has emerged as one of the most promising energy sources to supply the tremendous amount of electricity needed to power generative AI. Not...

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...

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...

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...

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...

Toxic substances found in AliExpress, Shein children’s products

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

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...

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...
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