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Saturday, December 28, 2024

BUSINESS

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...

HYBE shares rise as world contemplates company sans BTS

HYBE rose 4.8 percent in trading Tuesday, the day after the company said that a member of BTS would be enlisting in the army...

Shock, anger and action as Kakao’s tech fails dramatically

The dramatic failure of Kakao services over the weekend left users wondering about a company on which they have become dangerously dependent and the...

U.S. officials discuss IRA with Korean battery makers: Sources

U.S. Energy Department officials met with Korean battery makers to discuss the implementation of the Inflation Reduction Act (IRA).   The Energy Department determines which...

Porsche customizes Taycan sports car for Blackpink’s Jennie

Porsche developed a customized electric sports car just for Jennie, a member of K-pop girl group Blackpink. The Taycan 4S Cross Turismo for Jennie Ruby...

U.S. grants waiver to SK hynix for tech transfers to China

SK hynix has received a one-year waiver on U.S. restrictions related to the importing of certain semiconductor-related technologies into China.   With the permission in...

Korea chipmaker stocks fall after new U.S. rules and on other concerns

Samsung Electronics' booth at a semiconductor exhibition held at COEX in Seoul on Oct. 5. Chip stocks in Korea fell following an...