Tempers flared at the National Assembly as Coupang executives faced intense scrutiny over a major data breach, labor allegations and a controversial compensation plan during a joint parliamentary hearing.
Korean shipbuilders and defense firms are positioning themselves to join the U.S. Navy’s Golden Fleet initiative as Washington seeks rapid fleet expansion. Hanwha, HD Hyundai and Samsung Heavy are exploring partnerships, bids and technology cooperation under the Make American Shipbuilding Great Again push.
South Korea’s government is considering whether Coupang could face a temporary business suspension after a massive personal data leak and a delayed response. Experts say a suspension may be difficult to apply in practice and could also harm consumers and Coupang’s workforce.
LG Energy Solution has canceled part of a major battery supply agreement with Ford, reflecting the automaker’s shift away from electric vehicles following U.S. subsidy cuts and weaker EV demand.
Samsung Electronics Chairman Lee Jae-yong met Tesla CEO Elon Musk in Texas, touring Samsung’s new semiconductor plant as the companies explore deeper cooperation following a major chip deal.
SK On and Ford agreed to dissolve their $11 billion BlueOval SK battery joint venture, splitting ownership of three U.S. plants as both companies adjust to slowing EV demand. Ford will take over two Kentucky factories, while SK On assumes full control of the Tennessee plant and plans to supply batteries to Ford and other customers.
Korea reported 35 cases of adverse reactions to Mounjaro in its first month on the market, including two classified as serious. Health officials urge closer monitoring as demand for obesity drugs continues to rise.
Olive Young’s low-pressure “half-response” service, bold sourcing decisions and empowered merchandiser model transformed it into Korea’s dominant beauty retailer — now preparing for a U.S. expansion.
Hyundai’s partnership with Nvidia around 50,000 Blackwell GPUs and a $3 billion AI data center aims to close the gap with Tesla in autonomous driving and extend the company’s AI ambitions into humanoid robots.
Korea secured a rare full annulment of an ICSID damages order, voiding $216.5 million previously awarded to Lone Star Funds in the long-running KEB dispute.
