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Sunday, October 26, 2025

BUSINESS

Chinese e-commerce giants overtake U.S. in Korea’s online shopping market

China has clinched the top spot in Korea's overseas direct purchasing market, toppling the United States for the first time since 2014. This surge...

Samsung chip factory in Taylor to receive occupants ‘no later than July 1’

Samsung Electronics' chip factory in Taylor, Texas, will begin operating by July this year, according to a court session in Williamson County, where the...

LG Chem inks $19 billion EV battery materials deal with GM

  LG Chem has inked a 25 trillion won ($19 billion) deal with General Motors (GM) for EV battery materials. The Korean company said Wednesday the...

Gov’t looks to end ‘Korea Discount’ with foreign exchange overhaul

The Finance Ministry will facilitate foreign exchange transactions for overseas investors, a move in line with the government’s latest initiative to lure foreign investors...

Samsung chairman Lee Jae-yong acquitted in controversial merger case

  The Seoul Central District Court on Monday acquitted Lee Jae-yong, chairman of Samsung Electronics Co., on charges of breach of trust and accounting fraud...

SK hynix to build AI-boosting chip factory in Indiana: Report

Korean chipmaker SK hynix, a key memory chip supplier to Nvidia, will reportedly build an advanced chip packaging factory in Indiana as it looks...

Chip industry faces bleak future as young talent turns to medicine

Korean chip companies, grappling with an existing shortage of workers, anticipate more severe labor challenges in the upcoming years, as a strong preference for...

U.S. Chamber of Commerce slams South Korea’s antitrust regulations

  The U.S. Chamber of Commerce raised red flags against Korea’s latest moves to beef up antitrust regulations on Big Tech companies, which could impact...

Korea’s status as China’s import partner drops to 30-year low

Korea's status as China's import partner dropped to its lowest level in 30 years as Beijing moved to indigenize the production of chips and...

OpenAI CEO Sam Altman arrives in Korea for Samsung, SK meetings

OpenAI CEO Sam Altman punched in for his 19-hour visit to Korea, possibly touring factories of top-tier chipmakers Samsung Electronics and SK hynix. Local media...