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BUSINESS

Hyundai Motor, Kia vow to release Level 3 autonomous driving technology within the year

Hyundai Motor and Kia plan to release vehicles with Level 3 autonomous driving technology this year, according to a statement by Hyundai Motor in...
BUSINESS

Tesla fined in Korea for false advertising, violating e-commerce laws

Tesla was fined more than $2 million by the Fair Trade Commission (FTC) for false advertising and for violating e-commerce laws. The company made false...
BUSINESS

IRA subsidy will extend to buyers of non-U.S. commercial EVs

Buyers of commercial electric vehicles (EVs) in the United States will be able to apply for tax incentives even if those vehicles are not...
KOREA

Former NIS chief, ex-defense minister indicted for deleting evidence in fisheries case

Prosecutors indicted without detention Thursday former National Intelligence Service (NIS) chief Park Ji-won, former Defense Minister Suh Wook, and a former NIS staffer for...
KOREA

Korean student in Germany assaulted by two men in apparent hate crime

A Korean student studying in Germany was assaulted by two men in an apparent Asian hate crime. The two men made racist comments to the...
BUSINESS

Top 10 business stories of the year in Korea 2022

1. U.S. IRA impacting Korea Inc. The Inflation Reduction Act (IRA) was passed in August, directly threatening local car manufacturers and battery makers, which have...
BUSINESS

Government-backed research team develops world’s first ‘electronic skin’

A government-backed research team developed the world’s first “electronic skin,” the science ministry said Thursday. The research, supported by the Ministry of Science and ICT,...
BUSINESS

Tesla troubles hit Korean companies supplying EV maker

Prospects are dimming slightly for Korean companies betting on big business with Tesla as trouble descends on Elon Musk's pride and joy. With the world's...
KOREA

Top national stories of the year in Korea 2022

1. 158 die in Itaewon Halloween crowd crush During Halloween celebrations in Itaewon on Oct. 28, 158 people were killed in a crowd crush. It was...
BUSINESS

Miky Lee makes the 2022 Women in Entertainment Power 100 by The Hollywood Reporter

Miky Lee, vice chairwoman of CJ Group, made the 2022 Women in Entertainment Power 100 published by The Hollywood Reporter, according to CJ ENM...
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