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Tuesday, June 17, 2025
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BUSINESS

BUSINESS

Tesla layoffs hit South Korea, putting Supercharger projects on hold

Tesla is pushing to slim down its workforce in Korea in line with its massive global layoff announcement last month as electric car demand...
BUSINESS

SK heiress Chey Min-jung to wed Chinese American entrepreneur in October

SK Chairman Chey Tae-won's second daughter, Chey Min-jung, is getting married to a Chinese American entrepreneur in a ceremony in October, a departure from...
BUSINESS

Toxic substances found in AliExpress, Shein children’s products

Two children’s accessories sold through Chinese e-commerce platforms AliExpress and Shein contained concentrations of toxic substances 270 times above the permitted level, the Seoul Metropolitan...
BUSINESS

HYBE must vibe with stricter rules with FTC’s ‘large corporate group’ designation

HYBE is now subject to the stricter set of rules applied to major conglomerates in Korea as the Fair Trade Commission (FTC) designated the...
BUSINESS

U.S. to hike tariffs on Chinese EVs and steel, benefitting Korea

The Biden administration's announcement of a massive tariff hike on $18 billion of clean-energy products from China has opened the door to a boost...
BUSINESS

From Lamborghini to Rolls-Royce: Koreans’ craze for supercars

The country where Lamborghini sells more cars than on its home turf of Italy. Where Mercedes sells the most E-Class globally. The answer to both...
BUSINESS

All on the line: Naver has decision to make with $7.3B stake in Line Yahoo

With mounting pressure from Japan on Naver to cut capital ties with the operator of the Line messaging app, market insiders have been quick...
BUSINESS

CHA Bio, Boston’s CIC to establish open innovation center for biotech ventures

CHA Bio Group will team up with Boston’s Cambridge Innovation Center (CIC) to establish an open innovation center to attract biotech ventures worldwide at...
BUSINESS

SK hynix develops NAND solution for on-device AI apps

  Korean chipmaker SK hynix said Thursday it developed a next-generation mobile NAND solution designed for on-device artificial intelligence (AI) applications. The new Zoned UFS (ZUFS)...
BUSINESS

Foreigners now eligible to become chiefs of conglomerates in South Korea

Foreigners will be eligible to be named as corporate chiefs of major conglomerates in Korea with the latest revision in the Fair Trade Act...
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