63.8 F
Los Angeles
Thursday, September 19, 2024

BUSINESS

HYBE reports 91 percent surge on year in net profit for third quarter

HYBE reported a consensus-beating 91 percent on-year surge in net profit during the third quarter of this year due to album sales and the...

Hyundai, Kia’s U.S. sales up 7.9% in October amid chip shortage

Hyundai Motor Group said Wednesday its overall vehicle sales in the United States rose 7.9 percent last month from a year earlier despite the...

[Breaking] Fed made another giant steps, raised 0.75%p

The Fed decided another interest rate hikes, by 0.75 percentage points, the sixth increase this year to combat against inflation, and signaled to continue...

Seoul shares open lower on dim U.S. tech earnings, Fed uncertainties

Stocks opened lower Friday, weighed by lackluster earnings and forecasts from major U.S. tech companies, with uncertainties hanging over the Federal Reserve's next move...

Korea on track to hit 2.6 percent 2022 GDP growth target

Containers stacked at a dock in a port in Busan on Oct. 3 Korea’s economy grew by 3.1 percent in the third...

Lee Jae-yong appointed chairman of Samsung Electronics

Lee Jae-yong speaks at a Samsung Electronics chip factory in Pyeongtaek, Gyeonggi on May 20 when U.S. President Joe Biden and President Yoon...

Hyundai Motor Group breaks ground in Georgia for electric vehicle factory

Ground was broken Tuesday for Hyundai Motor Group’s $5.54 billion electric vehicle (EV) factory in Georgia. The facility will be the largest Korean automaker’s first...

Mirae Asset Group invests in Musk’s Twitter takeover

Mirae Asset Financial Group will invest $212 million in Elon Musk's $44 billion acquisition of Twitter, according to electronic disclosures and local media reports.   Mirae Asset...

Legoland Korea rocks debt markets and surprises government

Entry of the troubled Legoland in Chuncheon, Gangwon, on Monday. The government on Sunday announced a 50 trillion won liquidity program in stabilizing...

Kakao service crash puts crack in company’s dominance as users branch out

After Kakao’s services crashed over the weekend, its messenger users are broadening their horizons and completely switching to or signing up for additional message...