KB News DeskHomeplus wins court approval for rehabilitation plan, averting bankruptcy
The Seoul Bankruptcy Court on Wednesday approved Homeplus’s corporate rehabilitation plan, letting the hypermarket sidestep bankruptcy and setting it on course to exit court receivership. Secured creditors, unsecured creditors and…
An island county needed a doctor, so it tripled the pay
After five failed recruitment attempts, Shinan-gun finally found a senior doctor by tripling its original offer from 11 million won to a pretax monthly salary of 33 million won ($24,100).…
Seoul shares tumble 4% on renewed US-Iran tensions; won strengthens
South Korean stocks tumbled 4 percent Wednesday as renewed hostility between the United States and Iran pushed up crude prices and fueled inflation worries. The Korean won rose against the…
SK chief’s Kioxia overture raises stakes in NAND race
Chey Tae-won weighs joint production and R&D as chipmaker seeks to challenge Samsung across memory market SK Group Chairman Chey Tae-won is considering building a chip plant in Japan, potentially…
Jurisdiction takes center stage in Coupang US lawsuit
New York judge asks whether class action over 33.7 million-user data breach should be heard in Korea Jurisdiction has emerged as the key issue in a US class-action lawsuit over…
Beyond HBM: Samsung, SK hynix target AI data center storage
Surging inference workloads drive demand for faster, higher-capacity SSDs Rapid AI data center expansion is pushing Samsung Electronics and SK hynix to compete over high-capacity enterprise solid-state drives, as the…
Two Koreans kidnapped in Haiti released safely
Two South Korean nationals who were kidnapped by a gang in Haiti in late July have been released, South Korea’s Foreign Ministry said Wednesday. The two employees of a South…
US Army acquisition chief inspects Hanwha’s K9 production
A senior US Army acquisition official inspected Hanwha Aerospace’s artillery production facilities in South Korea shortly after the company secured a contract to deliver prototype howitzers for an Army modernization…
LIG D&A targets Nordic market with uncrewed vessels
LIG Defense & Aerospace is targeting the Nordic defense market with uncrewed maritime systems designed for surveillance, mine detection and infrastructure protection, the company said Wednesday. At DALO Industry Days…
Finance chief nominee puts growth first
Lee Hyung-il faces full plate of inflation, housing, market reform and slowing growth Finance Minister nominee Lee Hyung-il on Wednesday laid out a growth-focused policy agenda that also emphasizes capital…
