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Friday, April 4, 2025

BUSINESS

SM Entertainment’s Lee Soo-man to start new chapter in China

The founder and former chief producer of SM Entertainment Lee Soo-man is starting a new chapter in his career in China after being ousted...

Korean Air offers deficient mileage discount program for LA passengers

Korean Air has launched a mileage discount program for its frequent flyers, but it has faced criticism with the saying "All that glitters is...

Koreans buy into worldwide Threads hype

Korea is buying into the worldwide hype for Threads, with the number of users in the country sharply increasing. The number of daily active users of...

Automative chips in spotlight as EV popularity booms

Electric vehicles' popularity will continue to boost demand and increase prices for automotive chips, as EVs are equipped with more chips than diesel cars. Market...

Draining chip demand encourages SK hynix to sell water facilities

SK hynix plans to sell off its water treatment facilities to secure an estimated 1 trillion won ($766 million) in the face of deteriorating...

Samsung’s quarterly profit dives to 14-year low on chip glut

Samsung Electronics is expected to post its worst quarterly operating profit in 14 years in April-June period as a chip glut continues amid sluggish...

LG Energy inks massive lithium supply deal

LG Energy Solution has signed a massive lithium supply deal with a Chilean company, the battery maker said Friday. With the signing of the agreement,...

2023 World Korean Business Convention: A milestone event for overseas Koreans

The opening of the 2023 World Korean Business Convention (WKBC), a festival and expo event for ethnic Koreans around the world, is just three...

Incentive deal puts LG’s Canada battery plant on track

A battery manufacturing joint venture between LG Energy Solution and Stellantis will receive state incentives from the Canadian government equivalent to what the U.S....

Five Guys serve up sizzling start to Korean foray

U.S. fast-food chain Five Guys has impressed on its Korean debut with its Seoul store ranking among its top four global locations during its...