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Korean business

BTS’s Jimin, V and Jungkook named to Korea’s top 100 richest shareholders under 30 list

Jimin, V and Jungkook of BTS were named among Korea’s top 100 richest shareholders under 30, each holding HYBE shares valued at about 21.4 billion won. The ranking highlights the growing financial clout of K-pop stars alongside Korea’s leading business figures.

SK On, Ford agree to dissolve $11B battery joint venture across 3 U.S. factories

SK On and Ford agreed to dissolve their $11 billion BlueOval SK battery joint venture, splitting ownership of three U.S. plants as both companies adjust to slowing EV demand. Ford will take over two Kentucky factories, while SK On assumes full control of the Tennessee plant and plans to supply batteries to Ford and other customers.

Pasadena Coffee Shop Robbed for Third Time, Owner Suspects Same Burglar

A Korean-owned coffee shop in Pasadena has once again been targeted by thieves. The owner expressed despair, saying it was “the third time” his...

Sang-bong Jung Wins Korean American Chamber of Commerce Election in Koreatown

Sang-bong Jung has been elected president of the Korean American Chamber of Commerce of Los Angeles (KACCLA), winning a contested race during the organization’s...

Uber Eats unpaid fees top $20,000, Korean restaurant says

A Korean-owned restaurant in Marysville, Washington, says it’s still waiting for more than $20,000 in Uber Eats unpaid fees—months after completing hundreds of deliveries. Uber...

Buena Park officials vow action after string of shopping mall burglaries

Following a series of burglary incidents at a Korean shopping mall in Buena Park, the city government and police department have vowed to take...

Teenager sentenced 5 years in youth facility for killing wig store owner

  One of two teenagers involved in last year's fatal stabbing of a store owner in the Los Angeles Fashion District during a robbery has...

[NEWS ANALYSIS] Korean solar focuses on U.S. market as it feels heat at home

Solar panels installed in Sinan County, South Jeolla Solar energy companies will likely enjoy significant tax benefits and increased demand for solar...

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...

Many Korean Businesses Abuse Interns Not Paying Overtime and Vacations

As the state government is making a collective effort to improve the working environment in California, it has been revealed that many Korean businesses...

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