Business

Rising food prices force 1 in 4 adult consumers to skip meals

Post-pandemic inflation has caused grocery prices to skyrocket by 25%, with more than one in four people skipping meals. A survey conducted by Qualtrics in...

South Korea relaxes visa requirements, new visa categories to attract foreign talent

The Korean government announced a set of plans to relax visa requirements in a bid to attract more foreign talent into various sectors of...

SK Telecom’s ‘quantum cryptography’ chip to roll out next week

Korean mobile carrier SK Telecom will commercialize its next-generation quantum cryptography chip next week, the industry's first that can simultaneously generate unpredictable encryptions and...

Amazon opens official ‘K-Food Store’ in collaboration with Korean government

The world's largest e-commerce platform, Amazon, is now showcasing Korean food products made by small and medium-sized enterprises from South Korea. According to the Korean...

Insurance crisis grows to pet insurance, Nationwide to drop 100,000 policies

The insurance crisis is now expanding from home to pet families, as the largest pet insurer in the nation announced it will not renew...

How to start reselling sneakers at a profit, know the risk and return to make money

Reselling has skyrocketed from a niche hobby to a booming industry in the 2010s. While people have always bought rare items at high prices,...

Court partially corrects errors in SK chairman’s divorce ruling, keeps settlement

Seoul's high court on Monday partially corrected the ruling in the divorce between SK Group Chairman Chey Tae-won and his estranged wife, Roh Soh-yeong,...

Celine posts explosive growth in Korea as Louis Vuitton, Rolex underwhelm

The four most popular luxury brands in Korea — Hermès, Chanel, Louis Vuitton and Dior — saw a decline in operating profit last year,...

SK Telecom launches AI-powered advertising platform with U.S. startup Moloco

SK Telecom’s employees are operating ASUM 2.0. SK Telecom said Monday that it would launch the AI-based advertising platform ASUM 2.0 in partnership with U.S....

Korea’s KTX makes first overseas export deal with Uzbekistan

Korea's high-speed railway, the KTX, is set for its first overseas export to Uzbekistan. Hyundai Rotem signed a $200 million contract on Friday to export six...