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Tuesday, July 1, 2025

BUSINESS

Asiana flight to Vietnam canceled as pilot union strike looms

Asiana Airlines canceled one of its international flights Sunday amid an ongoing wage dispute with its pilot union. The flights between Incheon and Ho Chi...

BOK’s Rhee warns against quick rate cut

Bank of Korea (BOK) Gov. Rhee Chang-yong on Friday advised the public not to expect a rate cut any time soon. “Do not place great...

Son Heung-min tapped as new face of Samsung’s Galaxy brand

Korean football star Son Heung-min has been selected as the face of Samsung Electronics’ Galaxy brand. “Samsung Electronics is delighted to work together with Son...

21st World Korean Business Convention gears up to attract local businesses

With just over 90 days until the 21st World Korean Business Convention (WKBC), which will be held overseas for the first time, the WKBC...

Bank of Korea holds rate steady at 3.5 percent

The Bank of Korea kept its policy rate unchanged Thursday for the fourth consecutive time, holding it at 3.5 percent. It was a widely expected...

Korean streaming platforms face uphill battle against Netflix

“Down with Netflix!” is presumably a slogan uniting all Korean streaming platforms, but they face a harsh reality. Netflix is still ranked at the top...

Strikers bring Hyundai Motor production lines to a halt

Production lines at Hyundai Motor ground to a halt on Wednesday after unionized workers launched a strike. According to the Korean Metal Workers’ Union under...

SM Entertainment’s Lee Soo-man to start new chapter in China

The founder and former chief producer of SM Entertainment Lee Soo-man is starting a new chapter in his career in China after being ousted...

Korean Air offers deficient mileage discount program for LA passengers

Korean Air has launched a mileage discount program for its frequent flyers, but it has faced criticism with the saying "All that glitters is...

Koreans buy into worldwide Threads hype

Korea is buying into the worldwide hype for Threads, with the number of users in the country sharply increasing. The number of daily active users of...