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Business

Koreatown restaurants serve up value meals under $10 amid ‘lunchflation’

As the high cost of living has slowed down dining out, restaurants in Los Angeles Koreatown are trying to attract consumers by offering low-cost...
Business

GM sued for smart key defect, class action lawsuit alleging easy theft from hackable key fob

A Korean-American woman has filed a class action lawsuit against automaker General Motors (GM). The woman alleges that her vehicle was stolen due to a...
Business

Policyholders to see big surge in premium soon as 43 insurers requests price hike

More than 40 homeowners' and auto insurers are pushing for rate hikes, potentially putting more pressure on consumers. The highest increase requested was 42.9%...
Business

Behind the Mercedes explosion: The decision to tap a little-known Chinese battery maker

Mercedes-Benz's ties with an obscure Chinese battery maker came under heavy scrutiny in Korea over the revelation that its EV at the center of...
Business

Rising COVID-19 cases spark vaccine urgency, but uninsured could pay up to $200 for shot

As COVID-19 cases rise once again, health authorities are encouraging people to receive the latest vaccines. However, it has been revealed that uninsured individuals...
Business

Mercedes-Benz dealers in South Korea refuse used EQEs over EV explosion

With Mercedes-Benz EVs flooding Korea's used car market following an explosion of an EQE last month, Mercedes dealers are refusing to stock EVs in...
Business

South Korea’s nuclear energy corporation to invest $40 million in Bill Gates’ TerraPower

The board of Korea Hydro & Nuclear Power (KHNP) has conditionally approved the state-run company's decision to invest $40 million in TerraPower, a U.S....
Business

Taxpayers receive incorrect delinquency and levy notices as IRS resumes tax collection

As the IRS has resumed sending delinquency notices and stepped up collection of unpaid taxes, taxpayers are increasingly receiving notices of tax delinquency and...
Business

Chip packaging is tech’s new frontier — and Korea is lagging behind

Chip packaging — or the manufacturing of the casing that surrounds a semiconductor — has become a new battleground in the tech industry. While the...
Business

Mercedes-Benz sales nose-dive after EV explodes in parking lot

Mercedes-Benz suffered a steep EV sales slide in August hit hard by Koreans' growing reluctance to buy electric vehicles after a recent Mercedes EV...
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