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Sunday, December 22, 2024

BUSINESS

Bank of Korea’s Rhee nonplussed by Powell’s hawkishness

Bank of Korea Gov. Rhee Chang-yong said the central bank's monetary policy direction remains unchanged following hawkish remarks from the U.S. Fed chief in...

DoubleU Games to pay $145.25 million to settle consumer protection lawsuit in U.S.

DoubleU Games, a local social casino game developer, will pay $145.25 million to settle a consumer protection lawsuit put forward against its subsidiary in...

‘Microsoft Launcher’ to offer support to Korean start-ups on the global stage

Microsoft will help Korean start-ups grow on the global stage with its new support program “Microsoft Launcher,” Microsoft Asia President Ahmed Mazhari said in...

LG Energy Solution and Honda building U.S. EV battery plant

LG Energy Solution and Honda Motor are together investing $4.4 billion to build an electric vehicle (EV) battery plant in the United States, the...

Korea warns currency speculators again, threatens intervention

Currency speculators were again warned by the government, which said it will intervene in the bond market if necessary.The comments come as the won...

Samsung Electronics develops toilet tech for developing countries

The Bill & Melinda Gates Foundation and Samsung Electronics have worked on a challenge facing many underdeveloped countries but is relatively underpublicized: toilets.  After three...

LG Innotek in talks with Tesla to supply camera modules

LG Innotek is in talks with Tesla to supply the automaker with camera modules, according to the Korean electronics component maker on Thursday.  The deal...

[ANALYSIS] Hyundai Motor faces conundrum after failing to make U.S. subsidy

Hyundai Motor has found itself on the edge of a precipice as none of its eco-friendly vehicles were placed on Joe Biden’s “Made-in-America” electric...

Stocks fall over 1 percent Tuesday as investors shun risky assets

Stocks fell more than 1 percent Tuesday as investors shunned risky assets amid concerns over further aggressive rate hikes by the U.S. Federal Reserve....

Koreans still view Chinese as economic partners

Nearly 44 percent of respondents believe economic cooperation is the best direction for Korea-China relations, according to a JoongAng Ilbo survey released Tuesday ahead...