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Tuesday, May 13, 2025

KOREA

U.S. promises to look into Inflation Reduction Act impact on Korean carmakers: Seoul official

The United States pledged Wednesday to look into the potential impact of the U.S. Inflation Reduction Act (IRA) on Korean carmakers, Seoul's top security...

Covid test no longer required to fly into Korea

People arriving in Korea will no longer need to show a recent Covid-19 test result starting Saturday. But they still need to get one in...

Korean government ordered to pay Lone Star $216.5 million

An international tribunal has ordered the Korean government to pay U.S. private equity firm Lone Star Funds $216.5 million in compensation. The International Centre for...

Korea, U.S. agree to launch formal talks on U.S. Inflation Reduction Act: Amb. Cho

The U.S. government has agreed to launch formal talks with Korea on ways to minimize the adverse effects of the recently enacted Inflation Reduction...

Korea can’t ignore human rights in China, says U.S. envoy

South Korea and the United States should hold countries like China responsible for human rights, the new U.S. ambassador to Seoul said in a...

Bank of Korea’s Rhee nonplussed by Powell’s hawkishness

Bank of Korea Gov. Rhee Chang-yong said the central bank's monetary policy direction remains unchanged following hawkish remarks from the U.S. Fed chief in...

DoubleU Games to pay $145.25 million to settle consumer protection lawsuit in U.S.

DoubleU Games, a local social casino game developer, will pay $145.25 million to settle a consumer protection lawsuit put forward against its subsidiary in...

‘Microsoft Launcher’ to offer support to Korean start-ups on the global stage

Microsoft will help Korean start-ups grow on the global stage with its new support program “Microsoft Launcher,” Microsoft Asia President Ahmed Mazhari said in...

LG Energy Solution and Honda building U.S. EV battery plant

LG Energy Solution and Honda Motor are together investing $4.4 billion to build an electric vehicle (EV) battery plant in the United States, the...

Korea warns currency speculators again, threatens intervention

Currency speculators were again warned by the government, which said it will intervene in the bond market if necessary.The comments come as the won...