Business

Samsung Electronics union kicks off historic 3-day strike over wage dispute

Unionized workers of Samsung Electronics kicked off a historic three-day strike on Monday, raising concerns of a possible disruption in chip production, especially after...

Fintech firm’s bankruptcy leaves 100,000 people with money tied up since May

The bankruptcy of fintech firm Synapse has left approximately 100,000 consumers unable to access their money, prompting increasing calls for a resolution to the...

Samsung projects 1,452% surge in Q2 profit on robust chip growth

Samsung Electronics forecasts a 1,452 percent yearly rise in operating profit for the second quarter, staging a dramatic recovery for its semiconductor business. In a...

Korean Air ending in-flight services earlier before landing amid concern over safety

Korean Air is ending its in-flight services 40 minutes before landing, in an apparent response to the Ministry of Land, Infrastructure and Transport's vow...

Koreatown retailers offer special discount events in celebration of Independence Day

With Independence Day approaching, Koreatown retailers have launched significant special pricing and discount events. These sales, extending through Labor Day, offer a prime opportunity...

Samsung Biologics bags company record $1.06B deal with U.S. drug maker

Samsung Biologics secured a massive $1.06 billion deal from a U.S. drug maker, the biopharmaceutical contract manufacturer said in a regulatory filing on Tuesday. The...

Consumers are paying almost a double for food delivery due to their dual pricing

With $4.89 for McDonald's french fries and $2.59 for a Coke, plus a $2.99 delivery fee, $3 service charge, $0.71 sales tax, and $2...

Samsung union declares full-scale strike with “No Work, No Pay” principle

Samsung Electronics' largest labor union, the National Samsung Electronics Union (NSEU), will stage a full-scale strike with the stated principle of “No Work, No...

Webtoon Entertainment soars on Nasdaq debut, eyes global franchise success

Webtoon Entertainment's chief envisions that the company could birth the next major global franchise on par with the cultural impact of Harry Potter or...

LG Energy Solution suspends construction of ESS line in Arizona as EV market stalls

LG Energy Solution has halted construction of its battery production line for energy storage systems (ESS) in Arizona seven months after breaking ground in...