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Tuesday, March 5, 2024

BUSINESS

U.S. chip production is expensive, Korean chipmakers find

Korean chipmakers are facing a multitude of challenges in building and expanding capacity in the United States, after committing billions of dollars to the...

Korea eyes stronger ties with U.S. in chip industry

The government will take follow-up measures to make full use of President Yoon Suk Yeol's recent visit to the United States and solidify the...

Hyundai, Kia want consumer class claims dismissed

Hyundai and Kia Motors have asked the California federal judge to dismiss the consolidated consumer class claims filed by victims of car theft. On May...

Samsung Electronics promises memory-based supercomputer by 2028

Samsung Electronics will develop its own supercomputer by the end of 2028. "Samsung Electronics aims to develop a memory-based supercomputer by 2028," Kyung Kye-hyun, CEO...

BLACKPINK-emblazoned Korean Air jet to promote Busan Expo bid

A Korean Air jet emblazoned with an image of K-pop girl group BLACKPINK will help promote South Korea's bid to host the 2030 World...

W+K opens in Seoul to ride the K-wave

Wieden+Kennedy, an advertising agency best known for creating Nike's "Just Do It" tagline, is just doing it in Korea, with the aim of tapping...

SK On signs deal with Colorado-based Westwater Resources to develop anode materials

  SK On signed an agreement with Colorado-based Westwater Resources to co-develop anode materials, the key component in making electric vehicle batteries. Under the three-year agreement,...

Kospi gains points, U.S. Fed meeting expected to raise interest rate

Stocks closed higher Tuesday for a third day, ahead of the U.S. Federal Reserve's policy meeting later this week. While the won fell against...

Industry minister visits Boston Dynamics, praises achievements

Minister of Trade, Industry and Energy Lee Chang-yang visited Hyundai Motor’s Massachusetts-based Boston Dynamics on Friday as he accompanied President Yoon Suk Yeol on...

HD Hyundai CEO visits subsidiaries in Alabama and Georgia

HD Hyundai CEO Chung Ki-sun visited the shipbuilder’s subsidiary in Alabama to meet with its employees Friday. Chung is part of the 122-member business delegation...