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Friday, October 18, 2024

BUSINESS

K-pop stocks down as antitrust regulator launches probe into unfair practices

Shares of K-pop powerhouses are falling as Korea's antitrust agency launches an investigation into their gapjil, or abuse of power, over their subcontractors. As of...

Samsung Display sues China’s BOE for patent infringement

Samsung Display has sued China’s BOE over patent infringement of multiple technologies related to OLED (organic light-emitting diode) panels. Samsung Display’s first legal action against...

SK Biopharmaceuticals acquires majority share of U.S biotech firm

SK Biopharmaceuticals has acquired 60 percent of U.S. biotech company Proteovant Therapeutics for $47.5 million, the company said on Friday. Founded in 2020, Proteovant Therapeutics...

Flow of foreign workers welcomed by Korean firms

Small and medium-sized companies have thrown their support behind the government’s push to allow more foreign workers to Korea. “The increase in the quota for...

LG Electronics vows to become a leader in vehicle solutions

LG Electronics vowed to become an industry leader in the automotive solutions business by 2030. The company celebrated the 10th anniversary of its vehicle component...

Korea, Japan agree to revive $10 billion currency swap deal

Korea and Japan have agreed to revive a $10 billion currency swap line on Thursday after an eight-year hiatus. The swap agreement was signed during...

Samsung targets 2-nano mobile chips production in 2025

Samsung Electronics will start manufacturing 2-nanometer mobile chips in 2025, according to a roadmap announced during a forum on Tuesday, aiming to start the...

Births and marriages in Korea hit April lows as declines continue

Korea suffered the steepest drop to date in the number of new births and marriages for an April, despite the month being widely favored...

Hyundai Mobis unveils displays for the car of tomorrow

Sit down in the driver's seat and tell your vehicle your destination. Let the vehicle drive itself, while you activate a 30-inch in-car display...

Korea inks $213M nuclear deal with Romania

Korea secured a 195-million-euro ($213.4 million) nuclear facility deal with Romania. It is Korea’s biggest deal ever for a single nuclear facility, according to the...