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BUSINESS

BUSINESS

$5.9 billion of investment announced during Yoon’s visit

U.S. companies committed $5.9 billion of investment to Korea during President Yoon Suk Yeol’s state visit. Corning will make an investment of $1.5 billion in...
BUSINESS

Six U.S. companies to invest $1.9 billion in Korea

Six U.S. tech companies agreed to invest a total of $1.9 billion in Korea’s semiconductor, hydrogen and environmentally-friendly businesses. The announcement was made at a...
BUSINESS

Strengthening economic alliance meets U.S. protectionism

Korea and the United States are at a crucial juncture in economic cooperation after the two countries pledged to work together in a wider...
BUSINESS

Korean companies to invest $8 billion in U.S. battery factories

SK On and Hyundai Motor and related companies will together invest $5 billion to build an electric vehicle battery plant in Georgia, a major...
BUSINESS

Hyundai Mobis demonstrates car that can drive sideways to park

Hyundai Mobis has succeeded in applying its e-Corner System to a functioning vehicle, which allows it to move sideways like a crab and spin...
BUSINESS

Hyundai Motor Group begins development of lunar exploration vehicle

Hyundai Motor Group has begun developing a vehicle for lunar exploration, with the goal of sending it to the moon in 2027. The automaker said...
BUSINESS

Korean corporations to run Times Square ads celebrating alliance

Commemorating the 70th anniversary of the Korea-U.S. alliance, Samsung Electronics and LG Corporation are displaying video ads on the company billboards in Times Square. On...
BUSINESS

Korean fried chicken joint expands into Florida

Korean fried chicken franchise Genesis BBQ said Monday it has recently opened its first shop in Florida as part of efforts to tap deeper...
BUSINESS

[EXCLUSIVE] Georgia governor says IRA hurts Korean companies

Georgia Governor Brian Kemp said that the Biden administration's Inflation Reduction Act (IRA) is hurting Korean companies, in an exclusive interview with the Korea...
BUSINESS

Koo Kwang-mo visits LG Chem plant amid global battery supply uncertainties

LG Corporation Chairman Koo Kwang-mo visited LG Chem’s domestic battery material plant as the company braces for the new U.S. battery sourcing rules amid...
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