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Saturday, May 10, 2025

BUSINESS

LG Energy inks massive lithium supply deal

LG Energy Solution has signed a massive lithium supply deal with a Chilean company, the battery maker said Friday. With the signing of the agreement,...

2023 World Korean Business Convention: A milestone event for overseas Koreans

The opening of the 2023 World Korean Business Convention (WKBC), a festival and expo event for ethnic Koreans around the world, is just three...

Incentive deal puts LG’s Canada battery plant on track

A battery manufacturing joint venture between LG Energy Solution and Stellantis will receive state incentives from the Canadian government equivalent to what the U.S....

Five Guys serve up sizzling start to Korean foray

U.S. fast-food chain Five Guys has impressed on its Korean debut with its Seoul store ranking among its top four global locations during its...

K-pop stocks down as antitrust regulator launches probe into unfair practices

Shares of K-pop powerhouses are falling as Korea's antitrust agency launches an investigation into their gapjil, or abuse of power, over their subcontractors. As of...

Samsung Display sues China’s BOE for patent infringement

Samsung Display has sued China’s BOE over patent infringement of multiple technologies related to OLED (organic light-emitting diode) panels. Samsung Display’s first legal action against...

SK Biopharmaceuticals acquires majority share of U.S biotech firm

SK Biopharmaceuticals has acquired 60 percent of U.S. biotech company Proteovant Therapeutics for $47.5 million, the company said on Friday. Founded in 2020, Proteovant Therapeutics...

Flow of foreign workers welcomed by Korean firms

Small and medium-sized companies have thrown their support behind the government’s push to allow more foreign workers to Korea. “The increase in the quota for...

LG Electronics vows to become a leader in vehicle solutions

LG Electronics vowed to become an industry leader in the automotive solutions business by 2030. The company celebrated the 10th anniversary of its vehicle component...

Korea, Japan agree to revive $10 billion currency swap deal

Korea and Japan have agreed to revive a $10 billion currency swap line on Thursday after an eight-year hiatus. The swap agreement was signed during...