Business

Business

Amazon opens official ‘K-Food Store’ in collaboration with Korean government

The world's largest e-commerce platform, Amazon, is now showcasing Korean food products made by small and medium-sized enterprises from South Korea. According to the Korean...
Business

Insurance crisis grows to pet insurance, Nationwide to drop 100,000 policies

The insurance crisis is now expanding from home to pet families, as the largest pet insurer in the nation announced it will not renew...
Business

How to start reselling sneakers at a profit, know the risk and return to make money

Reselling has skyrocketed from a niche hobby to a booming industry in the 2010s. While people have always bought rare items at high prices,...
Business

Court partially corrects errors in SK chairman’s divorce ruling, keeps settlement

Seoul's high court on Monday partially corrected the ruling in the divorce between SK Group Chairman Chey Tae-won and his estranged wife, Roh Soh-yeong,...
Business

Celine posts explosive growth in Korea as Louis Vuitton, Rolex underwhelm

The four most popular luxury brands in Korea — Hermès, Chanel, Louis Vuitton and Dior — saw a decline in operating profit last year,...
Business

SK Telecom launches AI-powered advertising platform with U.S. startup Moloco

SK Telecom’s employees are operating ASUM 2.0. SK Telecom said Monday that it would launch the AI-based advertising platform ASUM 2.0 in partnership with U.S....
Business

Korea’s KTX makes first overseas export deal with Uzbekistan

Korea's high-speed railway, the KTX, is set for its first overseas export to Uzbekistan. Hyundai Rotem signed a $200 million contract on Friday to export six...
Business

Samsung chief Lee meets Meta, Amazon, Qualcomm CEOs to discuss AI

Samsung Electronics Chairman Lee Jae-yong met the heads of Meta, Amazon and Qualcomm to explore business opportunities in AI and cloud computing during his...
Business

Public facilities and EV chargers hit hard by surge in copper thefts

The city of Los Angeles is being plagued by copper thieves. Copper thefts have been on the rise since last year and are becoming more...
Business

Coupang hit with $102 million fine from FTC over search results manipulation

Coupang was slapped with a 140 billion won ($102 million) fine by Korea's Fair Trade Commission (FTC) for manipulating its search results to enhance...
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