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Tuesday, October 22, 2024

BUSINESS

South Korean companies reconsider U.S. investments amid uncertainty over subsidies

More than 70 percent of 30 domestic investors surveyed by the Korea Chamber of Commerce and Industry (KCCI) said they would delay, reduce or...

Mercedes-Benz sued for ‘false advertising’ after EV battery controversy

A group of Mercedes-Benz EV owners in Korea filed a class-action lawsuit against the German luxury carmaker asserting that it had deceived consumers with...

Korean authorities accuse TikTok of violating communications and privacy laws

Korean authorities are cracking down on TikTok for the potential violation of regulations related to personal data and telecommunications, according to industry officials Monday. The...

Samsung to unite its TVs, fridges and Galaxy phones under One UI brand

Samsung Electronics will unify the name of the software that runs through its smartphones as well as home appliances for a more integrated user...

LG Chem develops material to solve EV battery overheating

LG Chem developed a temperature-responsive material to suppress thermal runaway in batteries, the chemical company announced Tuesday. The Safety Reinforced Layer (SRL) is a composite...

SK hynix begins producing world’s first 12-layer HBM chip

SK hynix began mass production of its 12-layer high bandwidth memory 3E (HBM3E), becoming the world's first supplier to do so. The company announced Thursday...

Iraq buys LIG Nex1’s Cheongung-II missiles for $2.8 billion

LIG Nex1, a Korean defense company, has won a 3.7 trillion won ($2.78 billion) contract with Iraq to export its Cheongung-II missile defense system. The...

Apple’s AI platform to add Korean language by 2025

Apple's upcoming suite of AI features, Apple Intelligence, will support Korean by the end of 2025. The California-based company announced in a news release that...

Secondhand sensation: Major retailers ride rising popularity of refurbished goods

Once stigmatized as inferior to new products, refurbished items are now gaining popularity across all age groups in Korea, riding on a shift in...

Behind the Mercedes explosion: The decision to tap a little-known Chinese battery maker

Mercedes-Benz's ties with an obscure Chinese battery maker came under heavy scrutiny in Korea over the revelation that its EV at the center of...