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KOREA

BUSINESS

IRA subsidy will extend to buyers of non-U.S. commercial EVs

Buyers of commercial electric vehicles (EVs) in the United States will be able to apply for tax incentives even if those vehicles are not...
KOREA

Former NIS chief, ex-defense minister indicted for deleting evidence in fisheries case

Prosecutors indicted without detention Thursday former National Intelligence Service (NIS) chief Park Ji-won, former Defense Minister Suh Wook, and a former NIS staffer for...
KOREA

Korean student in Germany assaulted by two men in apparent hate crime

A Korean student studying in Germany was assaulted by two men in an apparent Asian hate crime. The two men made racist comments to the...
BUSINESS

Top 10 business stories of the year in Korea 2022

1. U.S. IRA impacting Korea Inc. The Inflation Reduction Act (IRA) was passed in August, directly threatening local car manufacturers and battery makers, which have...
BUSINESS

Government-backed research team develops world’s first ‘electronic skin’

A government-backed research team developed the world’s first “electronic skin,” the science ministry said Thursday. The research, supported by the Ministry of Science and ICT,...
BUSINESS

Tesla troubles hit Korean companies supplying EV maker

Prospects are dimming slightly for Korean companies betting on big business with Tesla as trouble descends on Elon Musk's pride and joy. With the world's...
KOREA

Top national stories of the year in Korea 2022

1. 158 die in Itaewon Halloween crowd crush During Halloween celebrations in Itaewon on Oct. 28, 158 people were killed in a crowd crush. It was...
BUSINESS

Miky Lee makes the 2022 Women in Entertainment Power 100 by The Hollywood Reporter

Miky Lee, vice chairwoman of CJ Group, made the 2022 Women in Entertainment Power 100 published by The Hollywood Reporter, according to CJ ENM...
BUSINESS

SPC Group companies fined for industrial safety violations

Companies in the SPC group were fined 600 million won ($472,000) for violating safety regulations. Legal action may be taken against top management of...
BUSINESS

NCSoft to launch Throne and Liberty within first half of 2023

NCSoft will launch its new game Throne and Liberty within the first half of 2023, the publisher said Tuesday. Anticipated to be the biggest title...
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