Breeze in Busan

Sign in Subscribe

Business

Business

Stay ahead with the latest business trends, market insights, and financial news from Korea and beyond. Get expert analysis and updates.

Dogecoin Soars 30% as Twitter CEO Musk Embraces Shiba Inu Logo

Dogecoin, a niche cryptocurrency, experienced a significant surge of over 30% on Monday. The spike came after Elon Musk, Twitter's CEO, swapped the company's iconic blue bird logo for the image of a Shiba Inu, which is also the emblem of the digital coin. On Friday,

South Korea's Exports Decline for Sixth Consecutive Month Amid Economic Slowdown

South Korea's Exports Decline for Sixth Consecutive Month Amid Economic Slowdown

South Korea's exports experienced a decline for the sixth straight month in March, primarily due to weakened global demand for semiconductors in the face of an economic slowdown. According to the Ministry of Trade, Industry and Energy, the country has now faced a trade deficit for 13 consecutive

US Chips and Science Act Raises Concerns for Korean Chipmakers: Finding the Balance Between Subsidies and Trade Secrets

US Chips and Science Act Raises Concerns for Korean Chipmakers: Finding the Balance Between Subsidies and Trade Secrets

The US Chips and Science Act, a bipartisan legislation aimed at boosting the country's semiconductor industry with a $52 billion investment, has sparked concerns among Korean chipmakers, such as Samsung Electronics and SK Hynix. These companies fear that their trade secrets may be compromised as they seek subsidies

Disney Initiates Layoffs as Job Cuts Sweep Across US Companies Amidst Economic Uncertainty

Disney Initiates Layoffs as Job Cuts Sweep Across US Companies Amidst Economic Uncertainty

Disney CEO Bob Iger announced on Monday that the company will begin the first of three planned rounds of layoffs, with the goal of eliminating 7,000 jobs. This decision is part of a larger cost-cutting initiative to streamline operations amidst ongoing media industry turbulence and economic uncertainty. In a

K-Content Takes the Lead as Korea's Representative Image

K-Content Takes the Lead as Korea's Representative Image

Korean cultural content, commonly referred to as K-content, has been gaining immense popularity across the globe. This is according to the results of a survey conducted by the Ministry of Culture, Sports and Tourism of Korea, which shows that K-pop, Korean food, Hallyu stars, dramas, and information technology (IT) products/

South Korea's Trade Deficit Hits All-Time High Amid Export Slump

South Korea's Trade Deficit Hits All-Time High Amid Export Slump

South Korea has recently posted its worst trade deficit in history, with a 13.9 billion-dollar deficit in February 2023. The country's worsening trade balance is concerning for its economy, which heavily relies on exports. The COVID-19 pandemic has hit the global economy hard, causing supply chain disruptions

Silicon Valley Bank's Investment in Long-Dated Bonds Causes Collapse

Silicon Valley Bank's Investment in Long-Dated Bonds Causes Collapse

Silicon Valley Bank (SVB), the preferred bank for the tech sector, collapsed suddenly after a series of unfortunate investment decisions. The California-headquartered organization grew to become the 16th largest bank in the US, catering to the financial needs of technology companies worldwide before its collapse. SVB’s services were in