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Sunday, October 26, 2025

BUSINESS

HD Hyundai teams up with Google Cloud for AI solutions

HD Hyundai partnered with Google Cloud to create an AI-based platform providing enterprise solutions in key sectors such as shipbuilding and construction machinery. The collaboration,...

Hanwha Ocean signs $845M deal to build diesel submarine

Hanwha Ocean clinched a 1.1 trillion-won ($845 million) deal Friday to build a 3,600-ton submarine for the Korean Navy. The agreement, formalized with the Defense...

Samsung to build $280 million chip research center in Japan

Samsung Electronics will build a 40 billion yen ($280 million) research center in Japan, expanding the scope of its chip alliance after announcing a...

Finance Minister calls for deeper economic ties with Japan

Finance Minister Choo Kyung-ho held talks with his Japanese counterpart Thursday and asked for stronger bilateral cooperation in the financial and economic fields, his...

Only 9 EVs eligible for IRA EV tax credit up to $7,500 next year

Less than 10 electric vehicle (EV) models will qualify for the $7,500 tax credit next year due to tighter Inflation Reduction Act (IRA) rules. Beginning...

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...