Kim Beom-Su, the billionaire behind Kakao, was taken into custody on Tuesday on allegations of stock manipulation during a bidding war over a major K-pop agency.
Category: South Korea
-
Samsung Union Workers Launch Indefinite Strike
The tech giant’s largest union escalated its dispute with management after failing to reach an agreement over pay and working policies.
-
Japan and South Korea Are Fighting Over an App at a Tense Time
SoftBank and Naver helped bridge geopolitical relations with a joint venture to own the operator of the messaging app Line, but now the partnership is fraying.
-
A Korean Secret to Keeping Friendships Strong: Savings Groups
In South Korea, it’s common for friends to form what are known as gyemoim to save for vacations, meals and other social activities.
-
Samsung Faces First Strike in Its History
The South Korean tech giant is at odds with some of its employees as it is trying to reassure investors that its memory chip business can meet demand.
-
The Controversy Over K-pop Band NewJeans
The firm Hybe has lost hundreds of millions of dollars in market value because of a feud with the creative force behind the band NewJeans.
-
U.S. Awards Samsung $6.4 Billion to Bolster Semiconductor Production
The federal grants will support Samsung’s new chip manufacturing hub in Taylor, Texas, along with the expansion of an existing site in Austin.
-
Insooni Breaks Racial Barrier to Become Beloved Singer in South Korea
Born to a South Korean mother and a Black American soldier, she rose to a pioneering stardom in a country that has long discriminated against biracial children.
-
China’s Exports Surge Are Drawing a Global Backlash
Increasing overseas sales of manufactured goods are helping China’s economy and creating employment, but countries from Europe to South Asia may lose jobs.
-
How Regulations Fractured Apple’s App Store
As the App Store approaches its 16th anniversary, patchwork rules have turned what was a single store into different shops across many countries.