BYD’s Atto 3 overtakes Tesla’s Model Y as best-selling EV in South Korea
China’s BYD Co. has dethroned Tesla Inc. in South Korea with its compact sport utility vehicle, the BYD Atto 3, becoming the best-selling impor...
CJ CheilJedang to open $72 million dumpling plant in Japan
South Korea’s largest food company, CJ CheilJedang Corp., is shifting into high gear in its global expansion with a 100 billion won ($72 millio...
LG Electronics breaks ground on $600 mn home appliance plant in India
South Korea’s LG Electronics Inc. has broken ground on its third home appliance manufacturing plant in India with a $600 million investment to ...
KakaoBank posts record Q1 profit, eyes Thai expansion after Indonesia
KakaoBank Corp., a leading South Korean internet-only bank, posted its highest quarterly profit in the first quarter, defying a drop in interest inco...
Coupang’s Q1 revenue up; quarterly dip signals rising competition
Coupang Inc., South Korea’s largest e-commerce platform, extended its year-on-year sales growth with an 11.1% increase to post $7.9 billion in ...
Korea Investment & Securities deepens global ties with 2nd IR in New York
Korea Investment & Securities Co. (KIS), the brokerage unit of Korea Investment Holdings Co., said on Wednesday it hosted its flagship investor r...
South Korea asks US for tailored approach to chip tariffs
South Korea has officially requested that the US take a distinct approach in its ongoing probe into foreign semiconductor technology and related down...
S.Korea confident of winning Czech nuclear plant deal despite court ruling
A landmark nuclear energy export deal between South Korea and the Czech Republic was postponed at the eleventh hour following a local court ruling, d...
Seoul-backed K-beauty brands set to make global mark
As Korean beauty products continue to captivate global consumers, five Seoul-based cosmetics and wellness companies are gearing up to penetrate deepe...
Samsung steps up AR race with advanced microdisplay for smart glasses
Samsung Electronics Co. has launched a major push into next-generation microdisplays for augmented reality (AR) glasses as it aims to position itself...
Korea Investment & Securities to sell Goldman Sachs funds
Korea Investment & Securities Co. said on Tuesday it is set to sell funds operated by Goldman Sachs Asset Management LP in South Korea, offering ...
Korea’s pharmaceutical exports set to top $10 bn, led by ‘K-M7’ champions
South Korea’s pharmaceutical exports are on course to surpass $10 billion this year, underscoring the country’s growing clout in the glob...
US auto parts tariffs take effect; Korea avoids heavy hit
The US has eased tariffs on automotive parts that took effect on May 3, offering a sigh of relief to South Korean suppliers, who said a worst-case sc...
NCSOFT invests in US game startup emptyvessel
NCSOFT Corp. has made an equity investment in emptyvessel, a US indie games studio, as part of efforts to expand into the first-person shooter genre,...
BMW surpasses Mercedes in Korean sales for 1st time in 10 years
The top five imported car brands in South Korea underwent a major shake-up last year. BMW overtook Mercedes-Benz in sales for the first time in a dec...
Trump Jr. meets Korean business chiefs in back-to-back sessions
Donald Trump Jr., the eldest son of US President Donald Trump, spent his one-and-a-half-day visit to South Korea in back-to-back private meetings wit...
Samsung in talks to supply customized HBM4 to Nvidia, Broadcom, Google
Samsung Electronics Co., the world’s leading memory chipmaker, is in talks to supply customized sixth-generation high-bandwidth memory, or HBM4...
LS Cable breaks ground on $681 mn underwater cable plant in Chesapeake
WASHINGTON, D.C. – LS Cable & System Ltd., South Korea’s leading wire and cable manufacturer, has broken ground on its first underwat...
US tariffs add risk premium to dollar assets: Maurice Obstfeld
WASHINGTON, D.C. – The US tariff increases are adding risk premiums to dollar-denominated assets, undermining the dollar’s role as a glob...
Exports of Korea-made used cars to hit record high in 2025
South Korea’s exports of used cars by its homegrown auto brands are expected to hit a historic high this year, thanks to their improved brand r...
Shinhan Financial’s overseas business blooms, on track for record earnings
Shinhan Financial Group Co., South Korea’s leading financial holding company, is poised to surpass 1 trillion won ($692 million) in annual net ...
HD KSOE secures $1.8 bn in container ship orders
HD Korea Shipbuilding & Offshore Engineering Co. (KSOE) secured orders for 22 container ships worth a total of 2.54 trillion won ($1.8 billion) l...
Celltrion unveils cancer medicine to expand new drug pipelines
South Korea’s leading biosimilar drug developer Celltrion Inc. on Sunday unveiled an anticancer medicine to expand new pipelines and accelerate...
Samsung Biologics bags $514 mn CMO contract from US pharma
Samsung Biologics Co., the world’s largest contract manufacturing organization (CMO), said on Monday it has secured a $5.14 million order from ...
POSCO raises ship steel prices as Korea's tariffs curb supply
POSCO Holdings Inc. has raised second-quarter prices of thick plates used in vessels amid concerns over tighter supply after South Korea levied anti-...
Seoul mulls joint review of Alaska LNG project with Japan, Taiwan, Vietnam
South Korea has proposed forming a consortium with Japan, Taiwan and Vietnam to jointly assess the feasibility of investing in the $45 billion Alaska...
KT&G eyes overseas M&A after rejecting activist fund's offer
KT&G Corp., South Korea’s dominant tobacco and ginseng producer, is seeking to acquire a Japanese ginseng company after dismissing a 1.9-tr...
S.Korea’s top 4 financial holding firms cheer upbeat Q1 results
South Korea’s top four financial holding companies – Shinhan, KB, Hana and Woori – reported stellar earnings for the first quarter,...
Kia maintains double-digit margin in Q1 with record revenue
Kia Corp., South Korea’s second-largest automaker, extended its double-digit profit margin streak to a 10th consecutive quarter, posting record...
SK On seals $2.8 bn battery deal with Bezos-backed US EV start-up Slate
SK On Co., the battery subsidiary of South Korea’s energy conglomerate SK Group, has signed a supply agreement worth an estimated 4 trillion wo...
Latest News
- 1 LG Display to invest $925.4 mn in smaller, high-end OLED
- 2 Samsung to thrash out strategy as Trump, Middle East crisis raise uncertainty
- 3 US, South Korea talks scrapped after Trump's early G7 exit
- 4 EQT taps ex-DHK Management CEO to lead S.Korea's real estate push
- 5 Affirma Capital to acquire Equis’ Korean waste assets for $294 million
