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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...
Business

Younger travelers are choosing sports and adventures over sightseeing while spending doubled

Travelers are now demanding adventure tours that include outdoor activities rather than just sightseeing, according to a new report. According to the “2024 The Outdoor...
Business

SK hynix to offer bring memory, faster data processing with upcoming HBM4

SK hynix, the world's second-largest memory chipmaker, is developing next-generation high bandwidth memory (HBM) to meet booming global demand for artificial intelligence and higher-performance...
Business

Last chance to get CDs with APY above 5% as Fed’s rate cut draws near, experts say

With the possibility of a September rate cut now almost being at certainty, consumers are turning to certificates of deposit (CDs) as a safe...
Business

Westinghouse appeals to Czech Republic over Korea’s selection for $18B nuclear project

A U.S. nuclear energy firm has filed an appeal with the Czech Republic for picking a Korean company as the preferred bidder for a...
Business

Younger generations now rent nearly everything from luxury clothes, furniture, to home appliances

A Korean American man in his 20s spends about $100 to $200 per month renting furniture, clothes, hiking gear, and repair tools. He said...
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