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Friday, July 4, 2025

BUSINESS

Samsung aims to sell more than 10 million units of its foldables in 2023

Samsung Electronics' foldable sales in 2022 has "nearly hit" its initial target of 10 million units, according to the company's president Roh Tae-moon, who...

Major automakers team up for EV charging, challenge Tesla

Hyundai Motor is partnering with six major global automakers for a massive charging network in North America to counter Tesla’s Superchargers. The Korean automaker said...

HD Hyundai reports 61.8% drop in operating profit

HD Hyundai reported a 61.8 percent decline in operating profit compared to the same period last year, posting 472.6 billion won ($369.94 million) as...

LG Electronics sees operating profit decrease to $580M

LG Electronics reported a 6.3 percent decrease in operating profit on year to hit 741.9 billion won ($580 million) in the April-June period, primarily...

KACCLA unveils bold projects to boost Korean American small businesses

The 47th President and Board of Directors of the Korean American Chamber of Commerce Los Angeles (KACCLA) have commenced their activities with a focus...

Hyundai Motor reaps record $3.3 billion profit in Q2

Hyundai Motor posted another all-time high operating profit of 4.24 trillion won ($3.32 billion) for the April-June period, up 42.2 percent on year, driven...

Kakao employees protest handling of recent layoffs

Unionized workers of Kakao staged a protest on Wednesday in front of the tech company's Pangyo headquarters in Gyeonggi, demanding executives take responsibility for...

Posco Int’l inks oil and gas contract with Indonesia

Posco International and Indonesia’s state-run Pertamina Hulu Energi (PHE) signed a production-sharing agreement with the Indonesian government for an offshore oil and gas field...

IMF trims Korea’s 2023 growth forecast to 1.4 percent

International Monetary Fund lowered Korea’s growth outlook by 0.1 percent to 1.4 percent for this year in its latest forecast released Tuesday despite an...

Watchdog issues warnings to Chinese banks in Korea

The financial watchdog warned Chinese banks operating in Korea over their violation of duty in reporting corporate information. The Financial Supervisory Service (FSS) informed the...