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Thursday, December 26, 2024

BUSINESS

U.S. government to loan $9.2 billion to BlueOval SK for battery factories

BlueOval SK, a joint battery venture between SK On and Ford Motor, will receive a $9.2 billion loan from the U.S. government for their...

Business leaders accompanying President Yoon to Vietnam seek new opportunities

Business leaders who joined President Yoon Suk Yeol's 205-member delegation to Vietnam are seeking out new business opportunities while inspecting existing ones in the...

Korea posts record current account deficit with China in 2022

Korea posted a record current account deficit with China in 2022 on a plunge in chip exports, and a record surplus with the United...

Korean airlines begin suspending routes to China

Korean airlines started suspending their routes to China on Tuesday amid escalating tensions between Korea and China. Korean Air, the largest flag carrier in Korea, announced...

European high-tech entities to invest nearly $1B in Korea

PARIS — Korea has drawn 1.2 trillion won ($940 million) worth of investment from six European high-tech companies in fields ranging from secondary battery...

Interpark changes name, aims to draw 50M inbound tourists

Interpark, an e-commerce company, changed its name to "InterparkTriple," and reoriented its business focus towards inbound tourism sales. The concert and travel ticket provider, which...

Korea to get tough on industrial espionage from China

Korea is set to toughen criminal punishments on technology theft following a series of highly publicized data leaks, often involving Chinese businesses and employees...

Korean investors making bets on the yen

Korean investors are buying up yen to take advantage of the Japanese currency's weakness. They are eyeing foreign exchange gains if the yen stages...

High labor costs lead owners in Korea to choose unmanned shops

Unmanned ice cream shops, which proliferated during the pandemic, are easy targets for thieves. But high labor costs mean owners would rather have a...

Samsung SDI, GM to build $3 billion battery plant in Indiana

Samsung SDI and General Motors (GM) will jointly invest at least $3 billion to build an electric vehicle (EV) battery plant in Indiana, the...