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Monday, December 23, 2024

BUSINESS

SK chairman ordered to pay $1 billion in divorce settlement case

The Seoul High Court ruled on Thursday that SK Chairman Chey Tae-won must pay 1.38 trillion won ($1 billion) in property division and 2...

Largest union of Samsung Electronics to strike next Friday

Samsung Electronics’ largest union said Wednesday that it will start striking next week over demands for higher wages, with the first nationwide walkout since...

HYBE sells 3.2% stake in SM Entertainment for $50.2M

HYBE, the K-pop powerhouse behind BTS and NewJeans, offloaded a 3.2 percent stake in SM Entertainment via a block deal worth 68.4 billion won...

Explainer: How Korea notched the second-biggest GDP upgrade after the U.S.

Korea’s economic and business scenes unfold in such an intricate way that the headline numbers and official statements fall short of explaining what is...

Korean Air signs interline agreement with Air Premia for U.S. to Asia routes

Korean Air signed an interline agreement with budget airline Air Premia to connect the latter’s flights leaving from the United States to other countries...

Betting the house or burning it down? How the scarcity of success led to the HYBE-ADOR power struggle.

HYBE CEO Bang Si-hyuk alerted the world with a shocking revelation in March 2023: “K-pop is in crisis.” The analysis, it turned out, came...

Samsung to unveil Galaxy Fold 6, Flip 6 in Paris on July 10

Samsung Electronics will unveil its next Galaxy foldables and smart ring on July 10 in Paris ahead of the Paris 2024 Olympics, industry sources...

EnableFusion has an answer to AI’s power problem

  Nuclear fusion has emerged as one of the most promising energy sources to supply the tremendous amount of electricity needed to power generative AI. Not...

Samsung taps Jun Young-hyun to head its struggling chip business

Samsung Electronics replaced the leader of its struggling chip business in a surprise midyear reshuffle announced Tuesday. The tech giant rarely reshuffles its senior executives...

United Airlines flight makes midair U-turn to Korea due to crew food poisoning

A San Francisco-bound plane leaving from Incheon International Airport was forced to fly back to Korea due to its pilot and flight attendants falling...