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Thursday, June 19, 2025

BUSINESS

National Assembly to pass 652.7 trillion won budget proposal

The revised budget proposal for next year, approved by both the governing and opposition parties, amounts to 652. 7 trillion won ($502.6 billion), a...

Innovative front installed brake light receives major highlight at auto parts show

  At North America's largest auto parts show, a new car safety device invented by Korean-American CEO Young-guk Lee received a major highlight. The star of...

Paris Baguette pushes promotions in U.S. ahead of Christmas

Paris Baguette, the bakery chain owned by Korea's SPC Group, is ramping up its marketing in the United States as Christmas approaches. The company has...

FDA approves first-ever Korean blood product to enter U.S. market

GC Biopharma’s blood product won approval from the U.S. Food and Drug Administration (FDA), the pharmaceutical company said Monday. GC Biopharma’s Alyglo is the eighth...

U.S. guideline on IRA to benefit Korean battery, renewables companies

The U.S. tentative guideline on its tax cut eligibility under the Inflation Reduction Act (IRA) is likely to benefit Korea's electric vehicle battery, solar...

Korea’s population set to plummet back to 1970s levels

In 50 years, Korea's population will likely shrink from the current 52 million to 36 million, a level last seen during the impoverished 70s,...

Korea’s arms deal with Poland hanging by a thread

Korean companies' multibillion dollar arms deals with Poland are hanging by a thread as the new Polish administration calls for a review of contracts...

Travel agencies are seeing a jump in demand for holiday travel to Europe

  Holiday travelers are flocking to Europe for an exotic holiday season. Demand for travel to Europe has surged since early this year, spurred by the...

ASML, Samsung invest $762 million in chip research center

ASML and Samsung Electronics will jointly invest one trillion won ($762 million) in setting up a research center in Korea dedicated to ultrafine semiconductor...

YouTube Premium prices to jump at least 43 percent in Korea

YouTube raised the prices of its Premium subscription service by nearly 43 percent — and up to 71.5 percent for some — in Korea,...