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Friday, April 18, 2025

BUSINESS

Korean Air hits the throttle on Asiana acquisition to Dec. 11

Korean Air moved up the transaction closing date for its acquisition of Asiana Airlines shares to Dec. 11 from Dec. 20 in a final...

Advancements in Knee Osteoarthritis Treatment: A Solution Tailored for Korean Patients

Knee osteoarthritis is a degenerative joint condition that affects millions worldwide, with symptoms ranging from pain and stiffness to significant mobility challenges. It is...

CJ CheilJedang to push Bibigo dumplings in U.S. and Europe with $571 million investment

CJ CheilJedang will invest 800 billion won ($571 million) the construction of new food manufacturing facilities in the United States and Hungary, the Korean...

South Korean companies reconsider U.S. investments amid uncertainty over subsidies

More than 70 percent of 30 domestic investors surveyed by the Korea Chamber of Commerce and Industry (KCCI) said they would delay, reduce or...

Mercedes-Benz sued for ‘false advertising’ after EV battery controversy

A group of Mercedes-Benz EV owners in Korea filed a class-action lawsuit against the German luxury carmaker asserting that it had deceived consumers with...

Korean authorities accuse TikTok of violating communications and privacy laws

Korean authorities are cracking down on TikTok for the potential violation of regulations related to personal data and telecommunications, according to industry officials Monday. The...

Samsung to unite its TVs, fridges and Galaxy phones under One UI brand

Samsung Electronics will unify the name of the software that runs through its smartphones as well as home appliances for a more integrated user...

LG Chem develops material to solve EV battery overheating

LG Chem developed a temperature-responsive material to suppress thermal runaway in batteries, the chemical company announced Tuesday. The Safety Reinforced Layer (SRL) is a composite...

SK hynix begins producing world’s first 12-layer HBM chip

SK hynix began mass production of its 12-layer high bandwidth memory 3E (HBM3E), becoming the world's first supplier to do so. The company announced Thursday...

Iraq buys LIG Nex1’s Cheongung-II missiles for $2.8 billion

LIG Nex1, a Korean defense company, has won a 3.7 trillion won ($2.78 billion) contract with Iraq to export its Cheongung-II missile defense system. The...