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Tuesday, July 1, 2025

BUSINESS

Netflix’s password sharing crackdown to hit Korea

Netflix’s crackdown on password sharing is making its way toward Korea, with a growth in both revenue and subscriber numbers that the streaming giant...

Korean orders accelerate for Tesla’s low-price Model Y

Tesla’s unconventional low-price strategy seems working in Korea so far, with surging orders of the latest Shanghai-made Model Y. Over 20,000 orders have been made...

Naver joins global AI race with expanded range of services

Naver will unveil its hyperscale artificial intelligence (AI) service HyperClova X next month alongside a line of further affiliated services within this year, joining...

U.S. road renamed ‘SK Boulevard’ in dedication of SK On

After driving some 70 miles east of Atlanta, the capital city of Georgia, a road named SK Boulevard comes into view. The road, near SK...

Hyundai reveals technology for ‘self-healing’ cars of the future

Got a small scratch on your car bumper? Do not worry, it would have fixed itself in less than two hours. Forgot to charge your...

Korea sets 2024 minimum hourly wage at 9,860 won

Korea raised the minimum hourly wage for 2024 by 2.5 percent to 9,860 won ($7.8) amid weak economic growth. The Minimum Wage Commission made the...

Commercial vehicles lead Chinese automakers’ Korean invasion

Slowly but surely, China is expanding its presence in the Korean auto market with its competitively priced commercial electric vehicles. One third of new commercial...

Finance Minister Choo meets U.S., Chinese counterparts

Finance Minister Choo Kyung-ho met with his U.S. and China counterparts on Monday on the sidelines of the G20 Finance Ministers and Central Bank...

Legal battle over late LG chairman’s inheritance begins

A legal battle over inheritance between LG Chairman Koo Kwang-mo and his adoptive mother and siblings began on Tuesday as the two sides held...

Samsung, SK hynix battle for HBM supremacy

High bandwidth memory (HBM) is now a major battleground between Samsung Electronics and SK hynix, with demand skyrocketing thanks to the increasing use of...