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BUSINESS

BUSINESS

Hyundai reveals technology for ‘self-healing’ cars of the future

Got a small scratch on your car bumper? Do not worry, it would have fixed itself in less than two hours. Forgot to charge your...
BUSINESS

Korea sets 2024 minimum hourly wage at 9,860 won

Korea raised the minimum hourly wage for 2024 by 2.5 percent to 9,860 won ($7.8) amid weak economic growth. The Minimum Wage Commission made the...
BUSINESS

Commercial vehicles lead Chinese automakers’ Korean invasion

Slowly but surely, China is expanding its presence in the Korean auto market with its competitively priced commercial electric vehicles. One third of new commercial...
BUSINESS

Finance Minister Choo meets U.S., Chinese counterparts

Finance Minister Choo Kyung-ho met with his U.S. and China counterparts on Monday on the sidelines of the G20 Finance Ministers and Central Bank...
BUSINESS

Legal battle over late LG chairman’s inheritance begins

A legal battle over inheritance between LG Chairman Koo Kwang-mo and his adoptive mother and siblings began on Tuesday as the two sides held...
BUSINESS

Samsung, SK hynix battle for HBM supremacy

High bandwidth memory (HBM) is now a major battleground between Samsung Electronics and SK hynix, with demand skyrocketing thanks to the increasing use of...
BUSINESS

Asiana flight to Vietnam canceled as pilot union strike looms

Asiana Airlines canceled one of its international flights Sunday amid an ongoing wage dispute with its pilot union. The flights between Incheon and Ho Chi...
BUSINESS

BOK’s Rhee warns against quick rate cut

Bank of Korea (BOK) Gov. Rhee Chang-yong on Friday advised the public not to expect a rate cut any time soon. “Do not place great...
BUSINESS

Son Heung-min tapped as new face of Samsung’s Galaxy brand

Korean football star Son Heung-min has been selected as the face of Samsung Electronics’ Galaxy brand. “Samsung Electronics is delighted to work together with Son...
BUSINESS

Bank of Korea holds rate steady at 3.5 percent

The Bank of Korea kept its policy rate unchanged Thursday for the fourth consecutive time, holding it at 3.5 percent. It was a widely expected...
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