Jeju Air Tragedy: Worst Korean Aviation Disaster Since 1997

South Korea is dealing with a deadly aviation disaster, a Jeju Air plane crash that killed 179 people.The Boeing 737-800 jet skidded off the runway due to a landing gear…

Racism and Misogyny: The Troubling Workplace Culture at Shangri-La Hotels

Allegations of racism, harassment, and cultural insensitivity have surfaced at Shangri-La, as an eight-year employee resigns in protest, revealing a toxic environment allegedly spearheaded by General Manager Andreas Streiber and…

Instagram, under pressure, tightens protection for teens

Meta on Tuesday announced the creation of “Teen Accounts,” designed to better protect underage users from the dangers associated with Instagram. Many experts and authorities accuse the hugely popular photo-sharing…

Samsung SDI showcases next-generation batteries at IAA Transportation 2024

CEO vows to continue supplying top-quality, safety-ensured batteries through close collaboration with customers By Kang Seung-woo Samsung SDI is showcasing its lineup of next-generation batteries optimized for electric commercial vehicles…

Korea market watchdog highlights pension fund’s role in market reforms

The head of Korea’s market watchdog stressed on Thursday the importance of the public pension fund’s role in the success of ongoing capital market reforms, nudging the fund to invest…

Central Europe flooding leaves 16 dead in Romania, Poland, Czech Republic and Austria

Exceptionally heavy rainfall pounding Central Europe has prompted deadly flooding in the region, with four new deaths reported Monday in Poland, three in the Czech Republic and one in Romania.…

Samsung in urgent need of boosting foundry yield for AI processors

Nvidia CEO hints at switching suppliers from TSMC By Nam Hyun-woo Samsung Electronics faces an urgent need to enhance its foundry manufacturing yield for artificial intelligence (AI) processors as Nvidia…

Money supply continues to rise in July amid restrictive policy: BOK

Korea’s money supply continued to increase in July from a month earlier amid an extended tightening policy mode, central bank data showed Friday. The country’s M2, a key gauge of…

Death toll rises as torrential rain and flooding force mass evacuations across Central Europe

The death toll was rising in Central European countries Sunday after days of heavy rains caused widespread flooding and forced mass evacuations. Several Central European nations have already been hit…

Ex-Samsung chief strategy officer joins Arm board

By Nam Hyun-woo Sohn Young-kwon, former president and chief strategy officer (CSO) of Samsung Electronics, will join the board of Arm, the U.K.-based processor intellectual property (IP) company said Thursday…