Business

“Because It’s Korean”: The Truth Behind Brand Loyalty

A satisfaction rate of 84 percent and a repurchase intention of 88 percent. These are the results of the 2025 Korean Car Preference Survey. On...

Trump namedrops Korean shipbuilder for ‘Golden Fleet’ initaitive

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.

Complaints on Korean Automaker Focus on Frequent Breakdowns, Survey Finds

Frequent breakdowns, inconvenient after-sales service, and weak resale value remain the top Korean car quality complaints among Korean Americans, according to a recent consumer...

California Residents Face $2.56 Million in Lifetime Debt Burden

California residents are facing one of the heaviest lifetime debt burdens in the United States, with total repayments averaging $2.56 million per person, according...

H Mart pushes Northern California expansion

A real estate entity tied to H Mart has completed an $18.3 million purchase of a former Kohl’s property in Fremont, California, marking a...

Korean Cars Win Loyalty From Older Buyers, Face Test With Younger Drivers

Hyundai, Kia, and Genesis are among the most familiar auto brands in Korean American communities. A new online survey shows that Korean car preference...

Gov’t mulls suspension for Coupang over data leak, but experts question practicality

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.

196-Unit Low-Income Housing Project Planned Near Koreatown Metro

A low-income mixed-use housing complex is planned near the Wilshire/Crenshaw Metro area adjacent to Koreatown, according to a recent notice from the Greater Wilshire...

California Home Sales Reach 3-Year High in November

California home sales climbed to their highest level in three years in November, even as home prices softened, reflecting a cautiously improving housing market,...

Ford cancels $7.2 billion battery supply contract with LG

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.