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BUSINESS

BUSINESS

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...
BUSINESS

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...
BUSINESS

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...
BUSINESS

Yoon Suk Yeol asks Tesla CEO Elon Musk to invest in Korea

President Yoon Suk Yeol asked Tesla CEO Elon Musk to invest in a factory in Korea at a meeting held during the Korean leader’s...
BUSINESS

BBQ to open location in Panama, its first in Central America

Genesis BBQ will open its first branch in Central America next month. The store will open on May 17 in San Francisco, Panama City. The region...
BUSINESS

$5.9 billion of investment announced during Yoon’s visit

U.S. companies committed $5.9 billion of investment to Korea during President Yoon Suk Yeol’s state visit. Corning will make an investment of $1.5 billion in...
BUSINESS

Six U.S. companies to invest $1.9 billion in Korea

Six U.S. tech companies agreed to invest a total of $1.9 billion in Korea’s semiconductor, hydrogen and environmentally-friendly businesses. The announcement was made at a...
BUSINESS

Strengthening economic alliance meets U.S. protectionism

Korea and the United States are at a crucial juncture in economic cooperation after the two countries pledged to work together in a wider...
BUSINESS

Korean companies to invest $8 billion in U.S. battery factories

SK On and Hyundai Motor and related companies will together invest $5 billion to build an electric vehicle battery plant in Georgia, a major...
BUSINESS

Hyundai Mobis demonstrates car that can drive sideways to park

Hyundai Mobis has succeeded in applying its e-Corner System to a functioning vehicle, which allows it to move sideways like a crab and spin...
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