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Saturday, September 21, 2024

BUSINESS

Korean economy expands 0.6 percent in Q3 as consumer spending recovers

Korea’s economy expanded 0.6 percent in the July-September period on quarter due to a recovery in consumer spending, according to the advance estimate released...

Korean airports slammed for lax security after spike of dangerous weapons, drugs

Korea's major airport authorities came under fire for a series of aviation security lapses that led to the illegal possession of ammunition and drug...

Hyundai moves to replicate legendary success in Middle East

Hyundai Motor Group aims to bolster its foothold in the Middle East and replicate the group's success in the region engineered by founder Chung...

Hyundai Motor to build first auto assembly plant in Middle East

Hyundai Motor and Saudi Arabia's sovereign wealth fund Public Investment Fund (PIF) agreed to build Korea's first auto assembly plant in the Middle East...

Samyang adds ‘Tom Yum’ flavor to Buldak range

Korean food company Samyang Foods introduced the Thai traditional dish 'Tom Yum' as a new flavor to its popular Buldak brand product line. The Buldak...

AI yearbook picture craze makes it rain for Snow

  The global craze for AI-generated yearbook pictures had one lesser-known Korean company ride high in terms of sales and reputation ahead of a possible...

Samsung Biologics banks on antibody drugs as fifth factory progresses

INCHEON — In Incheon, the world’s largest bio-manufacturing city in terms of production capacity, Samsung Biologics’ fifth factory is rapidly rising from the ground. With...

Samsung aims to develop denser chips, breakthrough materials

Samsung Electronics disclosed its ambition to push the limit of its memory chip density and develop breakthrough materials to enhance chip performance. “We will increase...

What are Korea’s favorite snacks and drinks?

Across Korea’s vast bounty of food and drink available for purchase, there are some clear favorites. Saewookkang, Nongshim’s shrimp flavored chips, lead the rankings as...

Fuel tax cut extended to tackle inflation amidst Israel-Hamas conflict

Korea will extend the tax cut on fuel consumption throughout the end of the year amid concerns about inflationary pressure caused by the outbreak...