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Friday, April 18, 2025

BUSINESS

Korean Air ending in-flight services earlier before landing amid concern over safety

Korean Air is ending its in-flight services 40 minutes before landing, in an apparent response to the Ministry of Land, Infrastructure and Transport's vow...

Samsung Biologics bags company record $1.06B deal with U.S. drug maker

Samsung Biologics secured a massive $1.06 billion deal from a U.S. drug maker, the biopharmaceutical contract manufacturer said in a regulatory filing on Tuesday. The...

Samsung union declares full-scale strike with “No Work, No Pay” principle

Samsung Electronics' largest labor union, the National Samsung Electronics Union (NSEU), will stage a full-scale strike with the stated principle of “No Work, No...

Webtoon Entertainment soars on Nasdaq debut, eyes global franchise success

Webtoon Entertainment's chief envisions that the company could birth the next major global franchise on par with the cultural impact of Harry Potter or...

LG Energy Solution suspends construction of ESS line in Arizona as EV market stalls

LG Energy Solution has halted construction of its battery production line for energy storage systems (ESS) in Arizona seven months after breaking ground in...

Amazon to support K-beauty’s global expansion

Amazon Global Selling Korea said it will deepen its involvement in the K-beauty industry by launching a new initiative aimed at offering a broader...

Cass becomes Olympics’ first Korean beer sponsor with Paris Games

Oriental Brewery's (OB) Cass beer has become the first Korean alcohol brand to partner with the Olympics as a sponsor of the upcoming 2024...

KakaoBank launches no-fee dollar deposit service for global use

KakaoBank has introduced a no-fee dollar deposit and exchange service, named “Dollar Box,” the latest in a series of foreign currency exchange offerings launched...

At least 22 confirmed dead in fire at Hwaseong battery factory

At least 22 fatalities were confirmed as of 6:30 p.m. on Monday after a devastating fire at a battery plant in Hwaseong, Gyeonggi. According to...

South Korea relaxes visa requirements, new visa categories to attract foreign talent

The Korean government announced a set of plans to relax visa requirements in a bid to attract more foreign talent into various sectors of...