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Sunday, December 22, 2024

BUSINESS

Nuri set to shoot for the stars again on May 24

The third launch of Korea's domestically-developed Nuri rocket has been scheduled for May 24, the Science Ministry announced Tuesday, following the first in October...

$13.6 million of crypto hacked from Korea’s GDAC exchange

Screen capture of GDAC website About $13.6 million (18 billion won) of cryptocurrency was hacked from the GDAC exchange at about 7 a.m.(KST) Sunday. The...

[INTERVIEW] IRA offers opportunities to Korean businesses: Ossoff

Jon Ossoff, the Democrat senator who represents one of the most popular U.S. states for Korean manufacturers, said that the 70-year-old bilateral alliance cannot...

Samsung, AMD to extend cooperation on graphics processing unit

Samsung Electronics will extend its cooperation with AMD to integrate the U.S. chip designer’s graphics processing unit (GPU) architecture into a broader range of...

140,000 Atlas recalled due to faulty Volkswagen sensor

Volkswagen is recalling 140,000 sport utility vehicles (SUVs) due to a faulty passenger-side sensor that could cause the airbag to deactivate. The National Highway Traffic...

Kia increases 2030 goal for clean-energy car production

Kia aims to increase sales of so-called clean energy cars, including electric vehicles (EVs), hybrid and plug-in hybrid cars (PHEVs,) to 2.38 million, or...

Hyundai Motor Group CCO named Disruptor Designer of the Year

Hyundai Motor Group Chief Creative Officer (CCO) Luc Donckerwolke was awarded the Disruptor Designer of the Year at the inaugural World’s Greatest Auto Disruptors...

[EXCLUSIVE] Samsung Display to supply OLEDs for Apple tablets and laptops

Samsung Display is investing billions of dollars to supply organic light-emitting diode (OLED) displays to Apple for tablets and laptops, in a pioneering move...

Korean battery makers to soon be eligible for U.S. tax credits

Korea’s battery makers will soon be eligible for U.S. tax credits under the newly-announced battery sourcing rules. The U.S. Treasury Department on Friday announced the...

[INTERVIEW] U.S. Grains Council urges Korea to accelerate use of bioethanol

Electric vehicles are good for reducing carbon footprint. But to power such vehicles, carbon dioxide is inevitable. Josh Miller, chairman of the U.S. Grains Council...