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Monday, July 14, 2025
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IRS Audit Delays Surge Amid Workforce Cuts, $2.4 Trillion Tax Loss Feared

The Internal Revenue Service (IRS) is facing growing delays and cancellations of tax audits as its workforce continues to shrink, raising concerns that audits...
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Trump Inflation and Recession Response: Denies Powell Firing, Predicts Strong Economy

President Donald Trump on May 4 denied plans to fire Federal Reserve Chair Jerome Powell before his term ends and dismissed fears of a...
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Baekjeong Returns to Koreatown With New Location and Upgraded Menu

Baekjeong, a well-known Korean American barbecue chain, will reopen in Koreatown on May 7 at its new location at 3429 W. 8th St., the...
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Lotteria Begins Construction on First North American Store in Fullerton

Lotteria, the well-known Korean burger chain, has started construction on its first North American location inside the Harbor–Orangethorpe Shopping Center in Fullerton, California. The new...
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SharkNinja recalls 1.85 million pressure cookers over burn hazard

SharkNinja is recalling 1.85 million pressure cookers due to a defect that may cause burn injuries, with over 100 incidents and 26 lawsuits reported.
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Korean American Banks Rebound in Q1 After Sluggish 2024

Korean American banks across the U.S. showed signs of recovery in the first quarter of 2025, shaking off last year’s sluggish performance. Compared to the...
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U.S. Housing Market Crash Fears Surge as 70% Expect Collapse

Concerns over a potential U.S. housing market crash are rising, with 70% of consumers now expecting a collapse, according to a new survey by...
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UniBank Reports $2.07 Million Net Loss in Q1 2025

UniBank, a Korean American bank based in Washington State and led by President and CEO Stephanie Yoon, reported a net loss for the first...
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Korean Car Sales Hit Record in April: Hyundai, Kia, Genesis Up 16%

Korean car brands continued their strong sales momentum in April 2025, driven by sustained demand for popular SUV models despite a slowdown in electric...
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Hope Bancorp Posts $21.1M Q1 Profit

Hope Bancorp, the holding company of Bank of Hope, reported a net income of $21.1 million for the first quarter of 2025, or $0.17...
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