Bankers in South Korea better paid than Samsung, Hyundai Motor workers
The average earnings of bankers at South Korea's four major banks in the first half of this year amounted to 60.5 million won ($45,300), surpassing the pay at some of the…
Corporate Buzz
Another setback for Kakao: The Korea Herald
Kakao Pay’s transfer of massive customer data without consent to Chinese firm Alipay sparks dispute.
Thai consumers, entrepreneurs up in arms against e-commerce platform Temu
With Chinese manufacturers offering products at significantly lower prices, Thai producers may struggle to compete, leading to factory closures and unemployment.
K-pop stocks struggle amid scandals, sluggish earnings
Share prices of four major K-pop powerhouses plummet over 30 percent in average this year.
Hyundai Motor names battery sources as EV fire concerns grow
According to the carmaker, most of the Hyundai EVs, including the flagship Ioniq brand cars, used batteries from Korea’s LG Energy Solution and SK On. Hyundai’s Kona Electric…
Kakao founder indicted over alleged stock manipulation involving SM Entertainment acquisition
The case centers on suspicions that Kakao manipulated SM stock prices during a bidding war it won in February last year against Hybe over the takeover of SM.
LG debuts South Korea’s first open-source AI model
Exaone 3.0 outpaces global rivals in real-world use cases, coding, and math.
Tesla scraps plan for EV factory in Thailand
The decision follows the layoffs of a team of Tesla executives that visited Thailand in November-December.
Three Chinese companies make top 10 on 2024 Fortune Global 500 list
China's State Grid sits at third place with a revenue of $545.95 billion in 2023, while Sinopec Group ($429.7billion) and China National Petroleum Corp ($421.71 billion), took the…
PM Anwar accepts Meta’s apology, says Communications Minister
Meanwhile, Communications Minister Fahmi Fadzil said he was informed that the community guidelines of social media platforms are always changing, especially on geopolitical…