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Wednesday, September 18, 2024

BUSINESS

Won’s retreat continues after surprise U.S. inflation reading

The won fell to another decade-plus low on Wednesday following a report of higher-than-expected inflation in the United States.   Korea's currency was trading at...

World discovers ‘quiet quitting’ long after Korea did

"Quiet quitting," which refers to only doing assigned regular jobs and refusing to go above and beyond at work, has become a post-pandemic phenomenon...

Shinsegae’s Better Foods to introduce its Better Meat line into U.S. market

Better Foods, a U.S. subsidiary of Shinsegae Food specializing in plant-based products, will introduce Better Meat, a line of alternative meat products including sliced...

Won’s fall continues despite efforts to talk up the currency

The won hit another decade-plus low Tuesday as the currency was battered by persistent rate worries and as decisive action to halt the rout...

Hyundai, Kia’s Aug. U.S. sales rise 18% despite chip shortage

Hyundai Motor and its affiliate Kia said Friday their combined sales in the United States rose 18 percent last month from a year earlier...

Korean government ordered to pay Lone Star $216.5 million

An international tribunal has ordered the Korean government to pay U.S. private equity firm Lone Star Funds $216.5 million in compensation. The International Centre for...

Bank of Korea’s Rhee nonplussed by Powell’s hawkishness

Bank of Korea Gov. Rhee Chang-yong said the central bank's monetary policy direction remains unchanged following hawkish remarks from the U.S. Fed chief in...

DoubleU Games to pay $145.25 million to settle consumer protection lawsuit in U.S.

DoubleU Games, a local social casino game developer, will pay $145.25 million to settle a consumer protection lawsuit put forward against its subsidiary in...

‘Microsoft Launcher’ to offer support to Korean start-ups on the global stage

Microsoft will help Korean start-ups grow on the global stage with its new support program “Microsoft Launcher,” Microsoft Asia President Ahmed Mazhari said in...

LG Energy Solution and Honda building U.S. EV battery plant

LG Energy Solution and Honda Motor are together investing $4.4 billion to build an electric vehicle (EV) battery plant in the United States, the...