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Friday, September 20, 2024

BUSINESS

EU conditionally approves Korean Air’s acquisition of Asiana Airlines

The European Union (EU)'s antitrust regulators have given conditional approval for Korean Air's acquisition of its smaller rival, Asiana Airlines. To secure approval from the...

Sky race gathers pace as ‘flying cars’ hover ever nearer

Flying cars from sci-fi films like “Back to the Future” and “Blade Runner” are no longer a vision of a very distant future. With the...

Chinese e-commerce giants overtake U.S. in Korea’s online shopping market

China has clinched the top spot in Korea's overseas direct purchasing market, toppling the United States for the first time since 2014. This surge...

Samsung chip factory in Taylor to receive occupants ‘no later than July 1’

Samsung Electronics' chip factory in Taylor, Texas, will begin operating by July this year, according to a court session in Williamson County, where the...

LG Chem inks $19 billion EV battery materials deal with GM

  LG Chem has inked a 25 trillion won ($19 billion) deal with General Motors (GM) for EV battery materials. The Korean company said Wednesday the...

Gov’t looks to end ‘Korea Discount’ with foreign exchange overhaul

The Finance Ministry will facilitate foreign exchange transactions for overseas investors, a move in line with the government’s latest initiative to lure foreign investors...

Samsung chairman Lee Jae-yong acquitted in controversial merger case

  The Seoul Central District Court on Monday acquitted Lee Jae-yong, chairman of Samsung Electronics Co., on charges of breach of trust and accounting fraud...

SK hynix to build AI-boosting chip factory in Indiana: Report

Korean chipmaker SK hynix, a key memory chip supplier to Nvidia, will reportedly build an advanced chip packaging factory in Indiana as it looks...

Chip industry faces bleak future as young talent turns to medicine

Korean chip companies, grappling with an existing shortage of workers, anticipate more severe labor challenges in the upcoming years, as a strong preference for...

U.S. Chamber of Commerce slams South Korea’s antitrust regulations

  The U.S. Chamber of Commerce raised red flags against Korea’s latest moves to beef up antitrust regulations on Big Tech companies, which could impact...