Business

Business

Webtoon Entertainment soars on Nasdaq debut, eyes global franchise success

Webtoon Entertainment's chief envisions that the company could birth the next major global franchise on par with the cultural impact of Harry Potter or...
Business

LG Energy Solution suspends construction of ESS line in Arizona as EV market stalls

LG Energy Solution has halted construction of its battery production line for energy storage systems (ESS) in Arizona seven months after breaking ground in...
Business

Amazon to support K-beauty’s global expansion

Amazon Global Selling Korea said it will deepen its involvement in the K-beauty industry by launching a new initiative aimed at offering a broader...
Business

Cass becomes Olympics’ first Korean beer sponsor with Paris Games

Oriental Brewery's (OB) Cass beer has become the first Korean alcohol brand to partner with the Olympics as a sponsor of the upcoming 2024...
Business

KakaoBank launches no-fee dollar deposit service for global use

KakaoBank has introduced a no-fee dollar deposit and exchange service, named “Dollar Box,” the latest in a series of foreign currency exchange offerings launched...
Business

At least 22 confirmed dead in fire at Hwaseong battery factory

At least 22 fatalities were confirmed as of 6:30 p.m. on Monday after a devastating fire at a battery plant in Hwaseong, Gyeonggi. According to...
Business

LA County moves to raise sales tax by 0.5 cents to fund homeless services

A proposal to increase sales tax in Los Angeles County may be put to a vote in the upcoming November election. If passed, the...
Business

Rising food prices force 1 in 4 adult consumers to skip meals

Post-pandemic inflation has caused grocery prices to skyrocket by 25%, with more than one in four people skipping meals. A survey conducted by Qualtrics in...
Business

South Korea relaxes visa requirements, new visa categories to attract foreign talent

The Korean government announced a set of plans to relax visa requirements in a bid to attract more foreign talent into various sectors of...
Business

SK Telecom’s ‘quantum cryptography’ chip to roll out next week

Korean mobile carrier SK Telecom will commercialize its next-generation quantum cryptography chip next week, the industry's first that can simultaneously generate unpredictable encryptions and...
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