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Thursday, December 26, 2024
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BUSINESS

BUSINESS

[BREAKING] Another 0.75 Percentage Point Rate Hikes by Fed

Federal Reserve decided its thrid consecutive rate hikes of 0.75%p lifting the benchmark of federal funds rate to a range between 3% and 3.25%,...
BUSINESS

Airlines in Korea to increase fuel surcharges in October

Airline fuel surcharges for international flights will rise next month after a brief fall, with the weak won as much to blame as high...
BUSINESS

Korean industry chief to visit U.S. to discuss EV tax credit, chips bills

Korean Industry Minister Lee Chang-yang departed for Washington on Tuesday for talks with U.S. officials on ways to minimize impacts on Korea by new...
BUSINESS

Google and Meta hit with huge fines for violating privacy in Korea

Google and Meta Platforms have been fined a total of 100 billion won ($72 million) for violating a privacy law. Unhappy with the decision, the...
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...
BUSINESS

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...
BUSINESS

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...
BUSINESS

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...
BUSINESS

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...
BUSINESS

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...
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