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BUSINESS

BUSINESS

From Lamborghini to Rolls-Royce: Koreans’ craze for supercars

The country where Lamborghini sells more cars than on its home turf of Italy. Where Mercedes sells the most E-Class globally. The answer to both...
BUSINESS

All on the line: Naver has decision to make with $7.3B stake in Line Yahoo

With mounting pressure from Japan on Naver to cut capital ties with the operator of the Line messaging app, market insiders have been quick...
BUSINESS

CHA Bio, Boston’s CIC to establish open innovation center for biotech ventures

CHA Bio Group will team up with Boston’s Cambridge Innovation Center (CIC) to establish an open innovation center to attract biotech ventures worldwide at...
BUSINESS

SK hynix develops NAND solution for on-device AI apps

  Korean chipmaker SK hynix said Thursday it developed a next-generation mobile NAND solution designed for on-device artificial intelligence (AI) applications. The new Zoned UFS (ZUFS)...
BUSINESS

Foreigners now eligible to become chiefs of conglomerates in South Korea

Foreigners will be eligible to be named as corporate chiefs of major conglomerates in Korea with the latest revision in the Fair Trade Act...
BUSINESS

Korean companies expand airport facilities to handle barrage of orders from AliExpress

Korean logistics companies are shelling out millions of dollars to expand their facilities, aiming to cash in on a surge of imports from China's...
BUSINESS

U.S. gives 2-year grace period until IRA battery regulations take effect

The U.S. government announced a two-year grace period before the regulations on battery materials under the Inflation Reduction Act (IRA) become enforceable, giving Korean...
BUSINESS

Hyundai’s Xcient hydrogen trucks deployed in California’s zero-emissions project

Hyundai Motor delivered 30 of its Xcient fuel cell trucks to California as part of the state's NorCAL ZERO Project, a scheme focused on...
BUSINESS

Buldak maker’s stock erupts to all-time high amid viral wave

The price of Samyang Foods shares hit an all-time high, powered by the global popularity of its crown jewel, Buldak ramen. The stock closed at...
BUSINESS

LG Chem pledges $86.6 million for water desalination device plant in Saudi Arabia

LG Chem will invest up to 120 billion won ($86.6 million) jointly with Alkhorayef Group to build its first overseas water desalination device plant...
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