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BUSINESS

BUSINESS

Former Kakao CEO leaves company for new passions

Namkoong Whon, a former Kakao CEO who resigned after a massive service outage last year, left the company by stepping down from an advisory...
BUSINESS

Samsung partners with Rebellions to develop AI chip

The processor, called Rebel, is due to be developed by the end of next year, according to Rebellions on Thursday. Rebel is a neural processing...
BUSINESS

Samsung’s Taylor plant to produce Tenstorrent’s AI processors

  Samsung Electronics' chip factory in Taylor, Texas will manufacture advanced AI processors designed by Tenstorrent, a Canadian semiconductor company, the chipmaker announced Monday. It marks...
BUSINESS

Japanese beer sales surge as Korean boycott fades

Sales of Japanese beer have surged to the forefront of Korea's imported beer market, with January to August import levels exceeding three times the...
BUSINESS

Rising debt

 
BUSINESS

U.S. expected to lengthen China exemptions for Korean chipmakers

The U.S. government is expected to indefinitely extend Korean chipmakers’ one-year exemptions on controls concerning chip technology exports to China, clearing up some uncertainties...
BUSINESS

Samsung chief visits Middle East to explore opportunities, encourage employees

Samsung Electronics Executive Chairman Lee Jae-yong visited the Middle East during Korea’s extended Chuseok harvest holidays, a move to seek new business opportunities in...
BUSINESS

Experts say older people in Korea not nearly as poor as numbers suggest

Nearly four out of 10 people over the age of 65 in Korea were categorized as poor as of 2021. However, experts say this...
BUSINESS

Finance minister visits SK hynix plant

Finance Minister Choo Kyung-ho, center, visits SK hynix's chip manufacturing facility in Icheon on Wednesday.
BUSINESS

Young Koreans abandon outdated ancestral rituals for simple gatherings

Charye, a centerpiece Korean ancestral ritual that involves putting up to 30 dishes of food out for ancestors, is fading away as young Koreans...
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