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Wed, March 22, 2023 | 15:23
Samsung, SK hynix breathe sigh of relief as US 'guardrails' are less tough than feared
Samsung, SK hynix breathe sigh of relief as US 'guardrails' are less tough than feared
Korean chipmakers appeared to breathe a sigh of relief Wednesday, as the U.S. government's new rules for the Chips Act, announced last night, were less stringent than had been previously feared.
2023-03-22 14:56
SsangYong Motor reborn as KG Mobility after takeover
SsangYong Motor reborn as KG Mobility after takeover
SsangYong Motor on Wednesday changed its name to KG Mobility to transform itself into a future mobility solutions company.
2023-03-22 14:35
Hyundai Heavy builds world's first 200 million BHP engine
Hyundai Heavy builds world's first 200 million BHP engine
ULSAN - Hyundai Heavy Industries (HHI) celebrated its achievement of becoming the world's first company to produce two-stroke ship engines with an aggregate output of 200 million brake horsepower (BHP) at a ceremony at its headquarters in the southeastern port city, Wednesday.
Park Jae-hyuk | 2023-03-22 14:34
Parliamentary committee passes bill on expanding tax incentives for chipmakers
Parliamentary committee passes bill on expanding tax incentives for chipmakers
The parliamentary strategy and finance committee Wednesday passed a bill aimed at supporting the semiconductor industry by giving bigger tax incentives to chipmakers.
2023-03-22 14:33
Kakao Mobility acquires British ride-hailing startup Splyt
Kakao Mobility acquires British ride-hailing startup Splyt
Kakao Mobility, a mobility subsidiary of Korea's tech giant Kakao, said Wednesday that it has acquired the British ride-hailing startup Splyt as part of its plans to go abroad.
2023-03-22 13:42
GM launches Trax Crossover in S. Korea
GM launches Trax Crossover in S. Korea
General Motors (GM) on Wednesday began to sell the Trax Crossover in Korea following its launch in the U.S. market late last year.
2023-03-22 11:40
Chips Act incentives limit expansion of semiconductor manufacturing capacity in China by 5%
Chips Act incentives limit expansion of semiconductor manufacturing capacity in China by 5%
The U.S. CHIPS and Science Act will limit to 5 percent the expansion of semiconductor manufacturing capacity in foreign countries of concern for companies that receive funds under the new act, the U.S. Department of Commerce has announced.
2023-03-22 09:40
Apple working on expanding Apple Pay service in Korea: senior executive
Apple working on expanding Apple Pay service in Korea: senior executive
Apple's long-awaited mobile payment service, Apple Pay, has finally landed in Korea this week, some seven years after the service was first initiated in the United States.
2023-03-22 09:40
Outback Steakhouse sees sales soar as it opens stores in large shopping malls
Outback Steakhouse sees sales soar as it opens stores in large shopping malls
Outback Steakhouse's four new restaurants that have moved into nearby shopping mall complexes as part of its relocation strategy, saw their monthly sales jump up to 70 percent on average in 2022 from the previous year, the company said Tuesday.
Kim Jae-heun | 2023-03-22 08:50
Korean firms balk at donating to fund compensating victims of Japan's forced labor
Korean firms balk at donating to fund compensating victims of Japan's forced labor
Most of the state-run and private Korean companies that benefited from the 1965 Korea-Japan treaty appear to be hesitant about donating to a fund compensating Korean victims of forced labor under Japan's colonial rule, according to industry officials, Monday. The treaty enabled the resumption of bilateral diplomatic relations after WWII, in exchange for $500 million (655 bill...
Lee Kyung-min | 2023-03-22 08:17
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Top 10 Stories
1Japanese students' field trips to Korea resume after pandemic hiatus Japanese students' field trips to Korea resume after pandemic hiatus
2Possibly next SOHO, Seoul selects 5 neighborhoods for new signature 'K-alleys' Possibly next SOHO, Seoul selects 5 neighborhoods for new signature 'K-alleys'
3President Yoon refutes criticism of fence-mending summit with Japan President Yoon refutes criticism of fence-mending summit with Japan
4Kakao criticized for half-baked AI chatbot Kakao criticized for half-baked AI chatbot
5Lotte desperate to win LVMH Chairman Arnault's heart Lotte desperate to win LVMH Chairman Arnault's heart
6Apple Pay service starts in Korea Apple Pay service starts in Korea
7US report voices concerns over S. Korea's press freedom US report voices concerns over S. Korea's press freedom
8Busan to have alternate no-driving days during Expo inspection Busan to have alternate no-driving days during Expo inspection
9LVMH allegedly joins takeover bid to acquire Missha LVMH allegedly joins takeover bid to acquire Missha
10Shinhan, Woori shine in overseas business Shinhan, Woori shine in overseas business
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