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Friday, March 14, 2025

BUSINESS

Samsung officially launches latest Galaxy foldables in 50 countries

Samsung Electronics officially launched its Galaxy foldable series – the Z Flip 5 and Z Fold 5 – in 50 countries on Thursday with...

KSSC to prepare superconductor sample for verification

A Korean research team verifying the supposed development of a room-temperature superconductor said Friday that a sample of LK-99 is likely to be ready...

U.S. ban on tech investments in China not likely to affect Korea: Gov.t

Washington’s latest decision to regulate U.S. investments in Chinese high-tech companies is not likely to impact Korean businesses, the government said Thursday. However, as long-term...

CJ ENM posts another loss as streaming service struggles

CJ ENM logged another loss in the April-June period, posting 30.4 billion won ($23.1 million) of operating loss, as profitability weakened from its streaming...

Coupang reports record quarterly operating profit in Q2

Coupang reported a record-high quarterly revenue, operating profit and net income for the second quarter, primarily thanks to its flagship fast Rocket Delivery service. During...

Samsung to reveal roadmap for ‘humanoid’ chips at Tech Day

Samsung Electronics will unveil its roadmap for producing "Semicon Humanoids," or non-memory chips with human-like senses such as smell and taste, at the company's...

BTS agency HYBE reaches 1 trillion won revenue landmark

HYBE, the entertainment agency behind K-pop acts BTS and Seventeen, has reached the milestone of 1 trillion won ($761 million) in revenue in the...

Korea logs $5.87 billion account surplus, second straight month in the black

Korea logged $5.87 billion in current account surplus in June, the second straight month the balance has stayed positive. The June figure was a dramatic...

Korean Air suspends on-site issuance of flight award tickets and upgrades

Korean Air made an announcement on August 4, stating that it will no longer provide flight award tickets (including upgrade awards) to passengers waiting...

Green shoots for Korean economy as chip sector improves

The economy is gradually moderating as the weak chip sector has started to improve, according to a report from the state-run Korea Development Institute...