Korea Joongang Daily
Korea JoongAng Daily

Korea's age restriction on beef is just one of many nontariff barriers Trump might hit back on

While the chances are slim that the United States will ask Korea to lift its ban on beef from cattle 30 months old or more, it may be seen as a nontariff barrier that U.S. President Donald Trump has warned of retaliation against.

2025-03-14

Volkswagen eyes a Korean revival with a new Golf. But is a diesel hatchback the answer?

Volkswagen teed up the new Golf in Korea with a diesel engine the only option, a curious move in a market that is moving away from diesel and hatchbacks.

2025-03-14

Celltrion to cancel $140M in treasury shares

Celltrion will cancel treasury shares worth 203.3 billion won ($140 million) to enhance shareholder value, the Korean drugmaker said on Friday.

2025-03-14

Samsung's reliance on others for smartphone processors takes bite out of bottom line

Samsung Electronics' reliance on Qualcomm and TSMC for mobile application processors is costing the company big time, both in finances and future growth.

2025-03-14

Battery makers raise cash to fund U.S. investments in Trump's 'America First' era

Samsung SDI and LG Energy Solution are eying cash-raising avenues to fund their U.S. plant investments in the era of U.S. President Donald Trump's "America First" policy.

2025-03-14

Top court upholds Meta's $4.6M fine for user data leak

The Supreme Court has dismissed Meta's appeal of a 6.7 billion won fine for leaking the personal data of over 3.3 million domestic users without consent.

2025-03-14

Homeplus CEOs apologize, ask for understanding as payments are processed

Homeplus co-CEOs apologized to investors and retailers while asking for understanding from shareholders, with the supermarket chain processing receivables for small partners first.

2025-03-14

McDonald's Korea to increase prices of 20 items next week

McDonald's Korea said Friday it will increase the prices of 20 menu items by an average of 2.3 percent next week, citing higher food costs and exchange rate fluctuations.

2025-03-14

Samsung SDI to raise 2 trillion won via stock offering

Samsung SDI, a major Korean battery maker, announced on Friday that it would sell stock to raise 2 trillion won ($1.37 billion). The proceeds from the stock sale will be used mainly to finance stock acquisition.

2025-03-14

DP passes bill mandating shareholder protections, PPP urges veto

The National Assembly passed a contentious bill expanding corporate board members' duties to protect shareholders, facing strong opposition from businesses concerned about economic impact.

2025-03-13