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Saturday, September 7, 2024

BUSINESS

Tesla troubles hit Korean companies supplying EV maker

Prospects are dimming slightly for Korean companies betting on big business with Tesla as trouble descends on Elon Musk's pride and joy. With the world's...

Miky Lee makes the 2022 Women in Entertainment Power 100 by The Hollywood Reporter

Miky Lee, vice chairwoman of CJ Group, made the 2022 Women in Entertainment Power 100 published by The Hollywood Reporter, according to CJ ENM...

SPC Group companies fined for industrial safety violations

Companies in the SPC group were fined 600 million won ($472,000) for violating safety regulations. Legal action may be taken against top management of...

NCSoft to launch Throne and Liberty within first half of 2023

NCSoft will launch its new game Throne and Liberty within the first half of 2023, the publisher said Tuesday. Anticipated to be the biggest title...

Cube Entertainment signs $62 million deal with Kakao Entertainment

Cube Entertainment signed an 80-billion-won ($62 million) music distribution deal with Kakao Entertainment, the agency said Wednesday. Over the next five years, the Kakao subsidiary...

Wavve buys 40 percent of Kocowa for $71 million

Wavve acquired 40 percent of Kocowa, a Los Angeles-based streaming provider, for 90.1 billion won ($70.62 million) as it works to bring K-content to...

Hyundai Motor throws cash at six Korean footballers for contribution at World Cup

Hyundai Motor granted six football players 240 million won ($187,000) for their contribution to making Korea advance to the round of 16 in the...

U.S. EV subsidy rule delay may buy time for Korean carmakers

Battery component rules for U.S. electric vehicle subsidies have been delayed, meaning that more Korean vehicles could qualify. The rules will be issued in March. Battery...

A Korean SpaceX set to launch suborbital test rocket in Brazil

Korea's private-sector space business is about to take off, literally. Innospace, a local space start-up, is scheduled to launch a technology demonstration rocket at 6...

Girl groups get the ears, boy bands the dollars

Girl groups listened to the most but boy bands sold more albums, end-of-the-year data from K-pop market tracker Circle Chart revealed Friday. Starting with sales,...