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BUSINESS

BUSINESS

LG Chem develops material to solve EV battery overheating

LG Chem developed a temperature-responsive material to suppress thermal runaway in batteries, the chemical company announced Tuesday. The Safety Reinforced Layer (SRL) is a composite...
BUSINESS

SK hynix begins producing world’s first 12-layer HBM chip

SK hynix began mass production of its 12-layer high bandwidth memory 3E (HBM3E), becoming the world's first supplier to do so. The company announced Thursday...
BUSINESS

Iraq buys LIG Nex1’s Cheongung-II missiles for $2.8 billion

LIG Nex1, a Korean defense company, has won a 3.7 trillion won ($2.78 billion) contract with Iraq to export its Cheongung-II missile defense system. The...
BUSINESS

Apple’s AI platform to add Korean language by 2025

Apple's upcoming suite of AI features, Apple Intelligence, will support Korean by the end of 2025. The California-based company announced in a news release that...
BUSINESS

Secondhand sensation: Major retailers ride rising popularity of refurbished goods

Once stigmatized as inferior to new products, refurbished items are now gaining popularity across all age groups in Korea, riding on a shift in...
BUSINESS

Behind the Mercedes explosion: The decision to tap a little-known Chinese battery maker

Mercedes-Benz's ties with an obscure Chinese battery maker came under heavy scrutiny in Korea over the revelation that its EV at the center of...
BUSINESS

Mercedes-Benz dealers in South Korea refuse used EQEs over EV explosion

With Mercedes-Benz EVs flooding Korea's used car market following an explosion of an EQE last month, Mercedes dealers are refusing to stock EVs in...
BUSINESS

South Korea’s nuclear energy corporation to invest $40 million in Bill Gates’ TerraPower

The board of Korea Hydro & Nuclear Power (KHNP) has conditionally approved the state-run company's decision to invest $40 million in TerraPower, a U.S....
BUSINESS

Chip packaging is tech’s new frontier — and Korea is lagging behind

Chip packaging — or the manufacturing of the casing that surrounds a semiconductor — has become a new battleground in the tech industry. While the...
BUSINESS

Mercedes-Benz sales nose-dive after EV explodes in parking lot

Mercedes-Benz suffered a steep EV sales slide in August hit hard by Koreans' growing reluctance to buy electric vehicles after a recent Mercedes EV...
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