BUSINESS

Korea secured a rare full annulment of an ICSID damages order, voiding $216.5 million previously awarded to Lone Star Funds in the long-running KEB dispute.

IRS Raises Retirement Contribution Limits for 2026: 401(k) Cap Increases to $24,500 The Internal Revenue Service (IRS) announced that contribution limits for workplace retirement accounts...

Samsung, Hyundai and other major conglomerates pledged massive new domestic investments and hiring after Korea’s latest tariff deal with the United States, even as the agreement ties lower U.S. tariffs to a $350 billion American investment package and strict performance conditions.

CHA Hospital has opened a major infertility center in Seoul that combines artificial intelligence with decades of reproductive-medicine expertise, expanding access to precision fertility care with support from leading specialists.

Elon Musk split AI5 and AI6 chip orders between Samsung Electronics and TSMC to boost capacity and control costs, while advancing a mega-fab vision. The current Samsung contract totals $16.5 billion, with mass production of AI5 targeted for 2027 and AI6 for 2028.

  Toyota, Lexus Recall Over 1 Million Vehicles in U.S. for Rear Camera MalfunctionSoftware glitch may cause screen to freeze or go blank, increasing crash...

Criminal convictions, unauthorized enrollments, and illegal sales among violations                            Officials warn of...

As the federal government shutdown continues to strain households across Southern California, Carl’s Jr. has launched a special initiative offering $1 meals to help...

Nvidia will deploy 260,000 Blackwell GPUs across Korean industry and government, advancing AI infrastructure and “physical AI” with Samsung, SK, Hyundai, and Naver Cloud. The plan positions Korea for large-scale AI deployment across factories, vehicles, and research.

The chiefs of Nvidia, Samsung, and Hyundai met over Korea’s beloved chimaek on October 30, signaling trillion-won AI and chip partnerships ahead of the APEC CEO Summit in Gyeongju.