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Saturday, July 5, 2025

BUSINESS

Amazon Web Services to invest $5.88 billion in Korea, create 12,300 jobs a year

Amazon Web Services (AWS), the world's largest cloud provider, will invest 7.85 trillion won ($5.88 billion) in Korean cloud infrastructure by 2027 and annually...

Samsung SDI, Stellantis to build $4 billion battery plant in Indiana

The EV battery plant will be located in Kokomo, Indiana, where the two companies' first joint factory is situated. The two parties announced the investment...

K-food popularity sparks copycat imposters from China

The surging popularity of K-food abroad has triggered the proliferation of copycat products of instant noodle and other food items created by local companies...

CJ CheilJedang sells entire stake in Brazilian subsidiary CJ Selecta

CJ CheilJedang will sell its entire 66 percent stake in its Brazilian subsidiary CJ Selecta to Bunge Alimentos S.A. for an estimated transaction price...

SK Networks acquires En-core for $70.5M

SK Networks completed the acquisition of En-core, a local data solutions and consulting company, at 95.1 billion won ($70.5 million), the company announced Friday. SK...

Google, Apple face $50.5M fine for unfair practices

A Korean regulator will slap Google and Apple with a combined 68 billion won fine ($50.5 million) for their unfair business practices forcing Korean...

Former Kakao CEO leaves company for new passions

Namkoong Whon, a former Kakao CEO who resigned after a massive service outage last year, left the company by stepping down from an advisory...

Samsung partners with Rebellions to develop AI chip

The processor, called Rebel, is due to be developed by the end of next year, according to Rebellions on Thursday. Rebel is a neural processing...

Samsung’s Taylor plant to produce Tenstorrent’s AI processors

  Samsung Electronics' chip factory in Taylor, Texas will manufacture advanced AI processors designed by Tenstorrent, a Canadian semiconductor company, the chipmaker announced Monday. It marks...

Japanese beer sales surge as Korean boycott fades

Sales of Japanese beer have surged to the forefront of Korea's imported beer market, with January to August import levels exceeding three times the...