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Friday, March 29, 2024

BUSINESS

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...

Google, Apple face $50.5M fine for unfair practices

A Korean regulator will slap Google and Apple with a combined 68 billion won fine ($50.5 million) for their unfair business practices forcing Korean...

Former Kakao CEO leaves company for new passions

Namkoong Whon, a former Kakao CEO who resigned after a massive service outage last year, left the company by stepping down from an advisory...

Samsung partners with Rebellions to develop AI chip

The processor, called Rebel, is due to be developed by the end of next year, according to Rebellions on Thursday. Rebel is a neural processing...

Samsung’s Taylor plant to produce Tenstorrent’s AI processors

  Samsung Electronics' chip factory in Taylor, Texas will manufacture advanced AI processors designed by Tenstorrent, a Canadian semiconductor company, the chipmaker announced Monday. It marks...

Japanese beer sales surge as Korean boycott fades

Sales of Japanese beer have surged to the forefront of Korea's imported beer market, with January to August import levels exceeding three times the...

Rising debt

 

U.S. expected to lengthen China exemptions for Korean chipmakers

The U.S. government is expected to indefinitely extend Korean chipmakers’ one-year exemptions on controls concerning chip technology exports to China, clearing up some uncertainties...

Samsung chief visits Middle East to explore opportunities, encourage employees

Samsung Electronics Executive Chairman Lee Jae-yong visited the Middle East during Korea’s extended Chuseok harvest holidays, a move to seek new business opportunities in...