KB News Desk, Author at korbiznews.com

[Photo News] Wish upon a star

Parents and Buddhist worshippers pray among star-shaped notes bearing wishes for success on the college entrance exam at Jogyesa Temple in central Seoul on Tuesday. With this year’s College Scholastic…

Lee calls for faster work on Sejong office, AI industrial hubs

President Lee Jae Myung on Tuesday called for accelerating the construction of a presidential office in Sejong, reaffirming his goal of shifting more of the country’s core administrative functions away…

Heat wave, solar growth test Korea’s power strategy

Nuclear and renewables can coexist, but Korea needs a more flexible grid South Korea’s record-breaking heat wave put the competing demands on its power system into sharp relief as the…

Korea’s battery trio braces for W1tr ESS price war

Samsung SDI defends cumulative lead as SK On’s lower-cost LFP strategy reshapes competition South Korea’s three largest battery makers are preparing to compete for about 1 trillion won ($706.8 million)…

Luxury, foreign shoppers drive Shinsegae to record first half

Shinsegae said Tuesday it posted its strongest-ever first-half earnings this year as investments in its department stores and efforts to streamline its affiliates improved profitability across major businesses. The retail…

OH MY GIRL Transfers To DSP + XLOV’s Agency Announces Name Change Following RBW’s Structural Changes

RBW Inc. has announced management-related changes that will affect OH MY GIRL and XLOV. On August 11, RBW Inc. shared a statement regarding the changes in the label operating structure…

July rate hike was no one-off, BOK deputy governor says

Ryoo Sang-dai backs further tightening as strong growth and persistent inflation outweigh market stabilization The Bank of Korea should keep raising interest rates after its first hike in more than…

Hanwha offers up to $1.2b for Austal’s US shipbuilding arm

Hanwha Group is seeking to acquire the US arm of Austal, Australia’s biggest shipbuilding company, in a move to substantially strengthen the South Korean conglomerate’s shipbuilding and defense presence in…

[Photo News] Hana Financial honors fallen heroes

Hana Financial Group Chairman Ham Young-joo pays tribute at the Memorial Tower of Seoul National Cemetery in Dongjak-gu, Seoul, on Monday, ahead of the 81st anniversary of Korea’s liberation. On…

Coupang's dawn delivery reign faces new dawn

Fulfillment centers, supermarket stores under revised law could stoke competition South Korea’s dawn delivery market has long belonged to a handful of e-commerce players, led by Coupang. Now some of…