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Friday, December 27, 2024

BUSINESS

Korean Air, Asiana to swap flight attendants after U.S. approves merger

Korean Air and Asiana Airlines cabin crews will begin swapping duties as early as next year once the two companies' planned merger is approved. The two...

Exploded Mercedes EV had battery from China’s Farasis Energy, gov’t says

A Mercedes EQE that exploded in an underground parking lot in Incheon last week is confirmed to have been topped with batteries made by...

Hyundai Motor shifts focus to hybrid models as EV sales slow

Hyundai Motor is adding hybrid models to all of its existing lineups, a major strategic shift from prior plans that heavily favored pure electric...

Former Google’s director Kim Sang-bu named World Bank VP in first for a Korean

The World Bank named Kim Sang-bu, Google's former consumer policy director for the Asia-Pacific region, its vice president for digital transformation on Tuesday. Kim will...

Korea struggles to find new workers for growing nuclear reactor industry

Despite having won a recent bid to build at least two nuclear reactors in the Czech Republic, Korea's nuclear energy industry faces a talent...

KAIST-developed groundbreaking carbon capture tech set for commercialization

A group of KAIST researchers have developed a carbon capture device that operates solely on electricity that is set for commercialization soon. The team, led...

‘Nothing is getting done’: Angry mob storms TMON offices over refund policy

Chaos erupted at TMON’s offices in Gangnam District, southern Seoul, on Friday as thousands of enraged customers swarmed the building demanding refunds in the...

How Qoo10’s buying spree led to a seller-payout crisis

Singapore-based marketplace Qoo10 has been on a buying spree since 2022; it recently acquired the California-based e-commerce platform Wish as well as domestic players...

Genesis will sponsor annual art display at New York’s Met under new 5-year partnership

Genesis will sponsor an annual art display at New York's Metropolitan Museum of Art under a new five-year partnership. The Met's Facade Commission, newly named...

Korean Air fleet to soar with $22 billion order for 50 Boeing airplanes

Korean Air is purchasing as many as 50 widebody aircraft from Boeing in a deal possibly worth up to 30 trillion won ($22 billion)...