47.2 F
Los Angeles
Friday, March 14, 2025

BUSINESS

Japanese beer sales surge as Korean boycott fades

Sales of Japanese beer have surged to the forefront of Korea's imported beer market, with January to August import levels exceeding three times the...

Rising debt

 

U.S. expected to lengthen China exemptions for Korean chipmakers

The U.S. government is expected to indefinitely extend Korean chipmakers’ one-year exemptions on controls concerning chip technology exports to China, clearing up some uncertainties...

Samsung chief visits Middle East to explore opportunities, encourage employees

Samsung Electronics Executive Chairman Lee Jae-yong visited the Middle East during Korea’s extended Chuseok harvest holidays, a move to seek new business opportunities in...

Experts say older people in Korea not nearly as poor as numbers suggest

Nearly four out of 10 people over the age of 65 in Korea were categorized as poor as of 2021. However, experts say this...

Finance minister visits SK hynix plant

Finance Minister Choo Kyung-ho, center, visits SK hynix's chip manufacturing facility in Icheon on Wednesday.

Young Koreans abandon outdated ancestral rituals for simple gatherings

Charye, a centerpiece Korean ancestral ritual that involves putting up to 30 dishes of food out for ancestors, is fading away as young Koreans...

Korean battery makers on alert as Ford pauses CATL plant

Korean battery makers are on the alert after Ford Motor’s recent decision to temporarily pause its Michigan battery plant with Contemporary Amperex Technology (CATL), which may help...

Won plummets as investors flock to safe-haven dollar

  The value of the won continues to plummet as investors flock to the dollar as a safe haven currency amid lingering market uncertainties. Korea’s local...

Korean Gov’t looks to boost housing supply with more units, $14.8B investment

The government on Tuesday vowed to supply an additional 120,000 public units and raise finance programs for the housing market by 20 trillion won...