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Friday, May 23, 2025

BUSINESS

Climate change fuels inflation, threatens food industry

Extreme heat and abnormal climate are slamming global economies, fueling inflation. Korea’s inflation fell below 3 percent in June and July, but torrential downpour, extreme...

Hyundai to buy 5 percent of Korea Zinc for $400 million

Hyundai Motor Group will buy 5 percent of Korea Zinc for 530 billion won ($400 million) to stabilize its supply of nickel, the key...

Korean gov’t announces new $1.5B won investment fund for startups

The Korean government created a 2 trillion won ($1.5 billion) investment fund to support startups, including startups with a focus on overseas expansion. Local...

Korea’s export value index falls for 10th consecutive month

Korea’s export value index plunged by 15.8 percent in July from a year earlier, falling for 10 consecutive months, Bank of Korea data showed...

Samsung Heavy Industries faces contract cancellation due to Russian sanctions

Samsung Heavy Industries' Vasily Dinkov, the world's first bi-directional icebreaking oil tanker, built in 2007 Samsung Heavy Industries is facing a potential contract cancellation...

Activist shareholders push for HMM sale to German giant

Shareholder activism has hit HMM, Korea's largest container shipper, as its minority shareholders are vocalizing a desire for the company to be acquired by...

Exports fail to shine, but chip recovery on the horizon

From left, Cho Sang-hyeon, the head of KITA's Institute for International Trade, and Jeong Marn-ki, KITA's executive vice chairman, speak at the press briefing...

Kia reveals all-electric EV5 SUV

The Kia EV5 SUV, the carmaker's first electric-only model manufactured in China, made its global debut on Friday during the Chengdu Motor Show held...

Fukushima water discharge deals blow to Korean fisheries

Japan's decision to release treated radioactive water from the Fukushima Daiichi nuclear power plant is dealing a critical blow to Korean fisheries as they...

Ariana Grande’s exit rumor leaves HYBE in pickle

Rumor has it that Ariana Grande is leaving her manager Scooter Braun. Should it be true, the biggest loser may not be Braun but...