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Wednesday, September 18, 2024

BUSINESS

Revised tax laws sparks return of money earned overseas

Companies are bringing money earned overseas back into Korea, supported by the revised corporate law that eased double taxation. According to the Finance Ministry and...

Terraform Labs co-founder Do Kwon charged with fraud by U.S. prosecutors

Do Kwon, the Terraform Labs co-founder behind a $40 billion implosion, was charged with fraud by U.S. prosecutors in New York. In the Thursday indictment,...

LG Energy Solution to invest $5.57 billion in Arizona battery plants

LG Energy Solution will invest 7.2 trillion won ($5.57 billion) in building battery plants in Arizona, the company announced Friday. The battery maker will spend...

Hyundai, Kia to recall over 570,000 vehicles in U.S. due to fire risk

Hyundai Motor and its affiliate Kia said Friday they will recall over 570,000 vehicles in the United States because the vehicles could pose a...

Hyundai Motor, Advent Technologies sign advanced fuel cell deal

Hyundai Motor and Kia will jointly develop a core component for advanced fuel cells with Advent Technologies, a Boston-based fuel cell component manufacturer. Hyundai Motor...

U.S. Chips Act offers some comfort to Korean chip makers

Samsung Electronics and SK hynix will be able to maintain and upgrade their manufacturing facilities in China — albeit marginally — even after the...

Lotte Confectionery signs MOU with American Institute of Baking International

Lotte Confectionery signed a memorandum of understanding (MOU) with the American Institute of Baking (AIB) International to better the quality of its food products. Lotte...

U.S. state attorneys general target #kiaboyz in letter to automakers

A group of 23 U.S. state attorneys general penned a letter to Hyundai Motor and Kia Monday, urging the carmakers to take swift action...

Coupang hacked by Russians, report says, company denies

Coupang was the target of a significant theft of customer data, according to a local media report. The company said this is impossible and blamed...

Korean start-up Innospace launches test launch vehicle Hanbit-TLV

Innospace, a Korean space start-up, said Monday its suborbital test launch vehicle, Hanbit-TLV, has been launched. The 8.4-ton thrust single-stage hybrid rocket was fired from...