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Tuesday, May 13, 2025

BUSINESS

Alarm spreads as most top Korean firms stagnate

Most of Korea’s top firms have stagnated, as well as backtracking in management and employment, amid multiple global crises, raising alarms of slowing growth...

Samsung’s Taylor plant to make Groq’s AI chips on 4nm nodes

Samsung Electronics will manufacture Groq’s AI chips at its Taylor factory in Texas using its improved yield rate of 4-nanometer process nodes. This is the...

July travel at nearly 84 percent of pre-Covid levels

The number of air passengers in July 2023 recovered to nearly 84 percent of the level before the Covid-19 pandemic, government data showed on...

Grocery prices in Korea feel impact of heat, rain double whammy

The recent heavy rainfall and heat waves sweeping across Korea have driven up grocery prices, further weighing down household budgets. Ms. Lee, a 54-year-old housewife...

British scouts build memories at Legoland Korea

More than 600 British Jamboree Scouts visited Legoland Korea Resort in Chuncheon, Gangwon, on Saturday. Some 630 British Scouts took part in various activities to...

Global investment banks anticipate sluggish Korean economy

Global investment banks estimate Korea’s economic growth will average 1.9 percent next year, down from the 2 percent projected in June, according to the...

Samsung officially launches latest Galaxy foldables in 50 countries

Samsung Electronics officially launched its Galaxy foldable series – the Z Flip 5 and Z Fold 5 – in 50 countries on Thursday with...

KSSC to prepare superconductor sample for verification

A Korean research team verifying the supposed development of a room-temperature superconductor said Friday that a sample of LK-99 is likely to be ready...

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...