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Sunday, May 19, 2024

BUSINESS

Korean consumers upset over Apple’s iPhone 15 pricing

Apple's decision to uphold the price range for its newest iPhone 15 series versus the 14 series was welcomed by consumers in most countries....

BTS members promise to ‘stay together in 2025 and beyond’

All seven members of boy band BTS will renew their exclusive contracts with their agency BigHit Music, a music label run by HYBE, promising...

U.S. guardrails on China imminent, Korean chipmakers on high alert

U.S. Commerce Secretary Gina Raimondo said Tuesday the final version of the so-called guardrails that limit production expansion in China will be ready within...

Korean government boosts budget for Ukrainian reconstruction

The Korean government will increase the budget for Ukrainian reconstruction support in the upcoming year, along with a boost to the overall Official Development...

Yen pals

Korea’s tax revenue to fall short by $44.5 billion, Finance Ministry says

Korea will collect 59.1 trillion won ($44.5 billion) less in tax this year than initially estimated due to dwindling corporate profits and the downturn...

Korean Gov’t to invest $1.65B to form industrial clusters, boost innovation

The government will invest 2.2 trillion won ($1.65 billion) over the next five years to build industrial clusters and enable small and medium-sized enterprises...

Gov’t ponders fuel tax cut extension amid soaring oil prices

The government will review the extension of a tax cut on fuel consumption, set to expire in October, as global oil prices grow to...

SK Group to invest 8 trillion won in Ulsan for green energy

SK Group Chairman Chey Tae-won reiterated the group's plan to invest 8 trillion won ($6 billion) in the city of Ulsan, mostly in green...

Supplier’s employees found guilty of pirating SK hynix chip technology to China

A former executive at SK hynix supplier surnamed Shin has been found guilty of pirating confidential chip technology to China and sentenced to one...
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