Business

Business

Samsung Biologics bags company record $1.06B deal with U.S. drug maker

Samsung Biologics secured a massive $1.06 billion deal from a U.S. drug maker, the biopharmaceutical contract manufacturer said in a regulatory filing on Tuesday. The...
Business

Consumers are paying almost a double for food delivery due to their dual pricing

With $4.89 for McDonald's french fries and $2.59 for a Coke, plus a $2.99 delivery fee, $3 service charge, $0.71 sales tax, and $2...
Business

Samsung union declares full-scale strike with “No Work, No Pay” principle

Samsung Electronics' largest labor union, the National Samsung Electronics Union (NSEU), will stage a full-scale strike with the stated principle of “No Work, No...
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...
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