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BUSINESS

BUSINESS

Prosecutors seek 5-year sentence for Samsung heir Lee Jae-yong

Prosecutors are seeking a five-year prison sentence for Samsung Electronics Executive Chairman Lee Jae-yong, alleging Lee engaged in unfair practices to inherit management rights...
BUSINESS

IMF ups Korea’s 2024 inflation outlook to 2.4%

The International Monetary Fund (IMF) has expected Korea to reach the country's inflation target of 2 percent by the end of next year, the...
BUSINESS

Samsung, LG win big at CES 2024 Innovation Awards

Samsung Electronics and LG Electronics swept prizes at CES 2024 Innovation Awards, which were held before the trade show that will take place next...
BUSINESS

Yoon, Apple CEO stress supply chain cooperation in surprise meeting

President Yoon Suk Yeol held a surprise meeting with Apple CEO Tim Cook, discussing solidifying supply chain cooperation on the margins of the APEC...
BUSINESS

Samsung dumps ASML shares for $3.3 billion investment war chest

Samsung Electronics shed additional shares of ASML as part of its efforts to rack up billions of dollars for future investment in chips, bracing...
BUSINESS

Pulmuone to make noodles fresh in California with new production line

Korean fresh food company Pulmuone added a new noodle production line at its plant in Gilroy, California, achieving an annual production capacity of 24...
BUSINESS

Korean battery makers cut U.S. jobs as EV demand declines

Korean battery makers are laying off hundreds of workers from their U.S. plants as part of efforts to cut production amid faltering demand for electric...
BUSINESS

HYBE to target Latin American market with new subsidiary in Mexico

HYBE, an entertainment giant behind BTS, will enter the Latin American market with the launch of its subsidiary in Mexico amid a perceived slowdown...
BUSINESS

Exporters to be able to exchange currencies through foreign brokers

Exporters will be allowed to hire a foreign exchange broker to convert currencies instead of directly transacting through a financial firm, the Ministry of...
BUSINESS

Samsung to offer live phone call translation on Galaxy S24

사진 크게보기 Samsung Electronics will offer real time translation of phone conversations in the upcoming Galaxy S24 series as early as next year. The tech...
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