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EV slump hits hard: SK On slashes 37 percent of Georgia plant staff
SEOUL, March 07 (AJP) - SK Battery America, the U.S. unit of South Korean battery maker SK On, has laid off 37 percent of the workforce at its Georgia plant, citing slowing electric vehicle (EV) sales and a shifting market landscape. The company announced on Saturday that it cut 968 jobs out of its 2,566 employees at the manufacturing facility in Commerce, Georgia. The restructuring comes as the
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S.Korean fuel prices surge on Hormuz blockade, bypassing standard physical lag
SEOUL, March 07 (AJP) - South Korean retail fuel prices have surged immediately following the blockade of the Strait of Hormuz, bypassing the standard two-to-three-week lag typically required for global crude fluctuations to reach domestic pumps. As of Saturday, the national average gasoline price reached 1,871.83 won ($1.39) per liter, up 178.94 won ($0.13) from Feb. 28, according to the Korea National
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South Korea dispatches top trade envoys to U.S. to navigate tariff uncertainties
SEOUL, March 07 (AJP) - South Korea has dispatched its top trade officials to the United States to ease growing uncertainties over U.S. tariff policies following a recent court ruling against the International Emergency Economic Powers Act (IEEPA), the industry ministry said Saturday. Minister of Trade, Industry and Energy Kim Jeong-gwan and Trade Minister Yeo Han-koo held talks with key U.
BTS Comeback D-16: South Korea to launch anti-scalping system ahead of BTS comeback concert
BTS Comeback D-16: BTS teaser sparks global buzz ahead of 'ARIRANG' comeback
WAIFF D-1: Live human-machine symphony to open Seoul artificial intelligence film festival
World-OKTA to host K-pop charity concert marking 45th anniversary
K-pop boy band NOWZ drops first Japanese album
BTS Comeback D-17: 'ARIRANG' tracklist unveiled as heat builds up in countdown
