After record earnings, large-scale walkout looms at Chanel Korea
Running high on the nation’s luxury fever, the French fashion house posted 1.59 trillion won in sales and 412 billion won in operating profits in Korea last year.
Corporate Buzz
Incheon Airport vows to rebuild global network after years of pandemic disruptions
In a bid to continue its efforts, Incheon Airport will implement services such as the automatic delivery of luggage from home to the airport starting in 2026.
Foreign firms speeding up growth plans in Singapore and Asean: HSBC survey
Foreign businesses also expect sales in the region to grow by 23.2 per cent over the next 12 months, compared with 20.1 per cent in last year’s survey.
Google’s AI search service available in Japan on trial basis
With the new Search Generative Experience, users can type questions into the search engine and get relevant information without reading through several websites.
ChatGPT turns to business as popularity wanes
According to analytics company Similarweb, ChatGPT traffic dropped by nearly 10 per cent in June and again in July, falls that could be attributed to school summer break.
Korea Electric affiliates prepare legal fight against Australia’s ALS Coal
Headquartered in Brisbane, Australia, ALS delivers inspection, certification and verification services in 65 countries, including coal exported to Kepco and its subsidiaries.
Naver’s HyperClova X AI unrivaled in Hangeul
According to Naver, the company’s latest AI tool is the world’s third-largest language learning model and can understand Korean social context, laws and systems more…
Baidu sees positive financials, continues investing in AI
Baidu CEO Robin Li said that Baidu is committed to building a new engine around generative AI and large language models to drive sustainable long-term growth.
Indonesian workers at Adidas contractor complain over employment conditions
Workers at a local supplier for global brand sportswear brand Adidas say their employment rights are routinely breached, raising concerns about an industry long accused of poor…
Hyundai takes over General Motors plant in India
Hyundai said it expects to begin production at the newly-acquired factory in 2025.