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Friday, July 4, 2025

BUSINESS

Samsung’s chip business shows signs of recovery in Q3

Samsung Electronics narrowed its chip deficit by 600 billion won ($443.9 million) in the third quarter, showing signs of bottoming out after a long...

Startup BANF pioneers real-time tire management for safety and economy

The 21st World Korean Business Convention, held for the first time overseas at the Anaheim Convention Center, has been deemed a success beyond expectations....

Korean rice gains overseas traction as CJ frozen range surpasses $73M in U.S. sales

Sales of CJ CheilJedang's frozen rice products produced and sold in the United States have surpassed 100 billion won ($73.9 million) for this year, the...

Air Premia’s LA route achieves strong start with 85.7% boarding rate

  Air Premia, a mid to long-haul hybrid airline, is gearing up to celebrate its one-year anniversary on October 29. Having boldly entered the competitive LA-Korea...

Samsung Heavy Industries reports $55.89 million operating profit in Q3

Samsung Heavy Industries reported 75.8 billion won ($55.89 million) in operating profit in the third quarter, marking a turnaround from the same period last...

Korean economy expands 0.6 percent in Q3 as consumer spending recovers

Korea’s economy expanded 0.6 percent in the July-September period on quarter due to a recovery in consumer spending, according to the advance estimate released...

Korean airports slammed for lax security after spike of dangerous weapons, drugs

Korea's major airport authorities came under fire for a series of aviation security lapses that led to the illegal possession of ammunition and drug...

Hyundai moves to replicate legendary success in Middle East

Hyundai Motor Group aims to bolster its foothold in the Middle East and replicate the group's success in the region engineered by founder Chung...

Hyundai Motor to build first auto assembly plant in Middle East

Hyundai Motor and Saudi Arabia's sovereign wealth fund Public Investment Fund (PIF) agreed to build Korea's first auto assembly plant in the Middle East...

Samyang adds ‘Tom Yum’ flavor to Buldak range

Korean food company Samyang Foods introduced the Thai traditional dish 'Tom Yum' as a new flavor to its popular Buldak brand product line. The Buldak...