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Friday, July 26, 2024

BUSINESS

U.S. ban on tech investments in China not likely to affect Korea: Gov.t

Washington’s latest decision to regulate U.S. investments in Chinese high-tech companies is not likely to impact Korean businesses, the government said Thursday. However, as long-term...

CJ ENM posts another loss as streaming service struggles

CJ ENM logged another loss in the April-June period, posting 30.4 billion won ($23.1 million) of operating loss, as profitability weakened from its streaming...

Coupang reports record quarterly operating profit in Q2

Coupang reported a record-high quarterly revenue, operating profit and net income for the second quarter, primarily thanks to its flagship fast Rocket Delivery service. During...

Samsung to reveal roadmap for ‘humanoid’ chips at Tech Day

Samsung Electronics will unveil its roadmap for producing "Semicon Humanoids," or non-memory chips with human-like senses such as smell and taste, at the company's...

BTS agency HYBE reaches 1 trillion won revenue landmark

HYBE, the entertainment agency behind K-pop acts BTS and Seventeen, has reached the milestone of 1 trillion won ($761 million) in revenue in the...

Korea logs $5.87 billion account surplus, second straight month in the black

Korea logged $5.87 billion in current account surplus in June, the second straight month the balance has stayed positive. The June figure was a dramatic...

Green shoots for Korean economy as chip sector improves

The economy is gradually moderating as the weak chip sector has started to improve, according to a report from the state-run Korea Development Institute...

Knife attack, Covid and heat wave signal red for economy

The summer vacation season has arrived amid torrential downpours and monsoons, but domestic demand is yet to overcome recent hurdles including knife incidents, sweltering...

Hyundai, Kia recall over 91,000 U.S. vehicles over fire risk

Hyundai Motor and Kia are recalling more than 91,000 vehicles in the U.S. due to potential fire risks. Similar recalls may be issued in Korea,...

Naver posts record profit as Webtoon nears U.S market listing

Naver posted a record-high operating profit in the April-June period due to strong profitability across commerce, fintech and content. With the announcement of preliminary earnings,...