Business

Exploded Mercedes EV had battery from China’s Farasis Energy, gov’t says

A Mercedes EQE that exploded in an underground parking lot in Incheon last week is confirmed to have been topped with batteries made by...

Controversy sparks as Korean Air stops offering in-flight cup noodles to economy class passengers

Korean Air will soon stop offering its popular in-flight service, complimentary instant cup noodles, to its long-haul economy passengers, including on routes to the...

Korean markets engage in summer sales with ultra-low prices

The Korean markets have launched a summer sales event, diving into a fierce competition of ultra-low prices. According to an analysis of July advertisements in...

Hyundai Motor shifts focus to hybrid models as EV sales slow

Hyundai Motor is adding hybrid models to all of its existing lineups, a major strategic shift from prior plans that heavily favored pure electric...

Former Google’s director Kim Sang-bu named World Bank VP in first for a Korean

The World Bank named Kim Sang-bu, Google's former consumer policy director for the Asia-Pacific region, its vice president for digital transformation on Tuesday. Kim will...

Korea struggles to find new workers for growing nuclear reactor industry

Despite having won a recent bid to build at least two nuclear reactors in the Czech Republic, Korea's nuclear energy industry faces a talent...

CA Supreme Court upholds Prop 22, drivers remain ‘independent contractor’

The California Supreme Court has ruled that drivers for ride-sharing and delivery companies are independent contractors, not employees. According to multiple media outlets, the Supreme...

KAIST-developed groundbreaking carbon capture tech set for commercialization

A group of KAIST researchers have developed a carbon capture device that operates solely on electricity that is set for commercialization soon. The team, led...

Chipotle faces criticism over inconsistent portion sizes; CEO pledges ‘generosity’ and ‘consistency’

A Chipotle customer, Mr. K, recently voiced his dissatisfaction after noticing a decrease in portion sizes during his visit. Mr. K ordered a chicken...

‘Nothing is getting done’: Angry mob storms TMON offices over refund policy

Chaos erupted at TMON’s offices in Gangnam District, southern Seoul, on Friday as thousands of enraged customers swarmed the building demanding refunds in the...