56.5 F
Los Angeles
Friday, December 1, 2023

BUSINESS

Grocery prices in Korea feel impact of heat, rain double whammy

The recent heavy rainfall and heat waves sweeping across Korea have driven up grocery prices, further weighing down household budgets. Ms. Lee, a 54-year-old housewife...

British scouts build memories at Legoland Korea

More than 600 British Jamboree Scouts visited Legoland Korea Resort in Chuncheon, Gangwon, on Saturday. Some 630 British Scouts took part in various activities to...

Global investment banks anticipate sluggish Korean economy

Global investment banks estimate Korea’s economic growth will average 1.9 percent next year, down from the 2 percent projected in June, according to the...

Samsung officially launches latest Galaxy foldables in 50 countries

Samsung Electronics officially launched its Galaxy foldable series – the Z Flip 5 and Z Fold 5 – in 50 countries on Thursday with...

KSSC to prepare superconductor sample for verification

A Korean research team verifying the supposed development of a room-temperature superconductor said Friday that a sample of LK-99 is likely to be ready...

U.S. ban on tech investments in China not likely to affect Korea: Gov.t

Washington’s latest decision to regulate U.S. investments in Chinese high-tech companies is not likely to impact Korean businesses, the government said Thursday. However, as long-term...

CJ ENM posts another loss as streaming service struggles

CJ ENM logged another loss in the April-June period, posting 30.4 billion won ($23.1 million) of operating loss, as profitability weakened from its streaming...

Coupang reports record quarterly operating profit in Q2

Coupang reported a record-high quarterly revenue, operating profit and net income for the second quarter, primarily thanks to its flagship fast Rocket Delivery service. During...

Samsung to reveal roadmap for ‘humanoid’ chips at Tech Day

Samsung Electronics will unveil its roadmap for producing "Semicon Humanoids," or non-memory chips with human-like senses such as smell and taste, at the company's...

BTS agency HYBE reaches 1 trillion won revenue landmark

HYBE, the entertainment agency behind K-pop acts BTS and Seventeen, has reached the milestone of 1 trillion won ($761 million) in revenue in the...