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Monday, September 16, 2024

BUSINESS

SM’s Lee Soo-man, K-pop’s Genghis Khan, ruminates on Web 3.0

SM Entertainment founder Lee Soo-man could be seen milling around the booths at CES 2023 in Las Vegas on Jan. 5, the opening day...

Hyundai Mobis, Qualcomm to develop controller for Level 3 autonomous vehicles

LAS VEGAS — Hyundai Mobis will work together with Qualcomm to develop a controller for Level 3 autonomous vehicles. Executives of the two companies are...

Samsung Electronics reports worst quarterly profit in 8 years

Samsung Electronics posted 4.3 trillion won ($3.3 billion) in operating profit in the fourth quarter of 2022, according to an earnings guidance released by...

[CES 2023] Tesla rides in the longer Vegas Loop make for colorful transportation

LAS VEGAS — Dozens of people were waiting in line at the Vegas Loop station Wednesday afternoon, hoping to hop into a Tesla car...

Samsung unveils SmartThings Station with interoperability capabilities

Samsung Electronics' SmartThings Station device controller introduced Wednesday Samsung Electronics introduced SmartThings Station, a smart home device controller with built-in Matter support,...

Hyundai’s U.S. unit Supernal and Microsoft to develop air mobility solutions

Hyundai Motor Group said Wednesday its wholly owned U.S. unit Supernal will collaborate with Microsoft to develop advanced air mobility (AAM) solutions. Supernal will utilize...

Hyundai Motor, Kia vow to release Level 3 autonomous driving technology within the year

Hyundai Motor and Kia plan to release vehicles with Level 3 autonomous driving technology this year, according to a statement by Hyundai Motor in...

Tesla fined in Korea for false advertising, violating e-commerce laws

Tesla was fined more than $2 million by the Fair Trade Commission (FTC) for false advertising and for violating e-commerce laws. The company made false...

IRA subsidy will extend to buyers of non-U.S. commercial EVs

Buyers of commercial electric vehicles (EVs) in the United States will be able to apply for tax incentives even if those vehicles are not...

Top 10 business stories of the year in Korea 2022

1. U.S. IRA impacting Korea Inc. The Inflation Reduction Act (IRA) was passed in August, directly threatening local car manufacturers and battery makers, which have...