52.7 F
Los Angeles
Thursday, March 28, 2024

BUSINESS

Korea plans fourth Nuri rocket launch for 2025

Korea is gearing up for the fourth launch of its homegrown space rocket Nuri in the second half of 2025, this time with an...

Samsung to supply Apple with OLED panels for tablets, laptops by 2026

Samsung Display is expected to supply organic light-emitting diode (OLED) displays to Apple for tablets and laptops as early as the first half of...

BOK urges structural reforms to maintain 2 percent growth

Bank of Korea (BOK) Gov. Rhee Chang-yong stressed the need for Korea to maintain at least 2 percent growth in the long term through...

Hyundai Glovis breaks ground on Incheon logistics center

Hyundai Glovis, the logistics unit of Hyundai Motor, broke ground for an airfreight logistics center at Incheon International Airport. Once completed in 2025 at Incheon International...

Korea joins consortium for $2B nuclear project in Romania

Korea is participating in a 1.85 billion euro ($1.97 billion) project for a nuclear plant refurbishment in Romania through a tripartite consortium. State-run Korea Hydro...

Amazon Web Services to invest $5.88 billion in Korea, create 12,300 jobs a year

Amazon Web Services (AWS), the world's largest cloud provider, will invest 7.85 trillion won ($5.88 billion) in Korean cloud infrastructure by 2027 and annually...

Samsung SDI, Stellantis to build $4 billion battery plant in Indiana

The EV battery plant will be located in Kokomo, Indiana, where the two companies' first joint factory is situated. The two parties announced the investment...

K-food popularity sparks copycat imposters from China

The surging popularity of K-food abroad has triggered the proliferation of copycat products of instant noodle and other food items created by local companies...

CJ CheilJedang sells entire stake in Brazilian subsidiary CJ Selecta

CJ CheilJedang will sell its entire 66 percent stake in its Brazilian subsidiary CJ Selecta to Bunge Alimentos S.A. for an estimated transaction price...

SK Networks acquires En-core for $70.5M

SK Networks completed the acquisition of En-core, a local data solutions and consulting company, at 95.1 billion won ($70.5 million), the company announced Friday. SK...