Business

Logistics giant Hanjin begins operation with expanded LA fulfillment center

Hanjin announced that it has completed the expansion of its Los Angeles fulfillment center and started operation late last month. With the expansion, the company...

Kolmar Korea appoints Yongchul Hur as CEO of North American subsidiaries

Kolmar Korea announced on July 16 that it has appointed Yongchul Hur as CEO of Kolmar Laboratories and Kolmar USA, its North American subsidiaries. Philippe...

Completion of LAX’s Automated People Mover delayed 1.5 year until December next year

The completion of the Automated People Mover (APM) system at Los Angeles International Airport (LAX), originally scheduled for this year, has been delayed. According to...

Czech Republic picks Korean consortium for 24 trillion won nuclear power plant project

The Czech Republic picked Korean companies as the preferred bidder to build two nuclear reactors in Dukovany, an estimated 24 trillion won ($17 billion)...

Danish gov’t lifts recall on Buldak Ramen after heat recalculation

The Danish government lifted its recall of two Buldak Ramen products, which it had issued in June after deeming the ramyeon to have health...

Explainer: How China’s cash-strapped youth worsen Korea’s tourism deficit

Korea’s economic and business scenes unfold in such an intricate way that the headline numbers and official statements fall short of explaining what is...

Korea’s leading Pilates company with BLACKPINK Jennie as member to expand to U.S.

MPI Modern Pilates, the leading Pilates company in South Korea, is expanding to the United States. Modern Pilates, known for its Pilates training of...

‘Nearly all’ AT&T customer call and text records compromised by hackers

AT&T has reported another customer data breach, impacting almost all of its customers. On July 12, AT&T announced that customer data was illegally downloaded...

Allstate policyholders could see 34% rate increase on home insurance

Allstate is seeking to significantly raise homeowners’ insurance premiums in California. According to the Department of Insurance, Allstate has filed an amended increase of 34.1%...

Samsung Electronics invests in U.S. DNA-sequencing firm Element Biosciences

Samsung Electronics has invested in U.S. biotech firm Element Biosciences, the company said Friday, banking on the future of AI-fused biotech business The Korean IT...