Korean food, retail firms cut jobs as spending drops

South Korea’s food, cosmetics and retail companies, heavily reliant on domestic sales, are slimming down their workforce to survive a prolonge...

China’s urea halts raise specter of another logistics crisis in Korea

China has halted customs clearance on its exports of urea, a substance used to reduce carbon emissions in diesel vehicles, raising the prospect of a...

ITC launches probe into Samsung’s suit vs China’s BOE over OLED

The US International Trade Commission (ITC) has decided to launch an investigation into a complaint filed by South Korea’s Samsung Display Co....

Asiana collaborates with China's Ctrip for live commerce broadcast

Asiana Airlines Inc. announced on Wednesday that it will conduct a live commerce broadcast in collaboration with China's largest online travel agenc...

Sodium-ion batteries emerge as alternative to lithium, LFP batteries

Sodium-ion batteries (SIBs) are emerging as an alternative to lithium-ion batteries, currently dominating the rechargeable battery market for electr...

SK Earthon starts shipping crude oil from South China Sea

SK Earthon Co., the resources development unit of South Korean energy major SK Innovation Co., said Wednesday that it has started shipping crude oil...

South Korea lags behind US, China in AI talent pool

South Korea lags far behind advanced countries in nurturing artificial intelligence (AI) talent due to the lack of proper skills development program...

S.Korea turns more upbeat about economic recovery

South Korea is more hopeful about a gradual recovery in the economy, driven largely by revived global demand for its mainstay export semiconductors,...

Hanwha’s REC Silicon plant restarts as US-China tension eases

REC Silicon ASA, a US-based polysilicon maker, in which Hanwha Solutions Corp. and its affiliate have a 33% stake, has restarted operations after a ...

Samyang draws record-high sales on Singles' Day in China

South Korea's Samyang Foods Co. announced on Thursday its sales during China's largest shopping festival, Singles' Day (Nov. 11), reached a new re...

South Korea’s SK Earthon discovers crude oil offshore Vietnam

SK Earthon Co., the petroleum exploration and production (E&P) unit of South Korea’s top energy company SK Innovation Co., said on Thursda...

Hanjin to collaborates with China's AWOT in logistics

South Korea's Hanjin Transportation announced on Monday it pledged mutual cooperation with China's AWOT Global Corp. to enhance its logistics busine...

SK Hynix’s new LPDDR5T chip shipped to Vivo for X100 smartphones

SK Hynix Inc. said on Monday it has commercialized the world’s fastest mobile DRAM by shipping its new advanced mobile chips, LPDDR5T, to Chin...

S.Korea tops global shipbuilding orders in October, surpassing China

South Korean shipbuilders won the most shipbuilding orders worldwide in October 2023. The country overtook China and claimed the lead in the global ...

E-Land eyes another leap forward in China under new strategy

SHANGHAI – E-Land World Ltd., a South Korean fashion and retail company, is gearing up for another leap forward in China, where the company&rs...

S.Korea releases winter schedule for weekly int’l flights

South Korea will expand its number of weekly flights this winter to Japan and Southeast Asia, two regions expected to have high demand that season, ...

Russia Pushes Security Talks With North Korea, China

SEOUL—Russia said it supports holding regular security talks with North Korea and China to address the threat posed by the U.S. on the Korean ...

S.Korea’s Q3 GDP up 0.6% on-quarter on recovery in exports

South Korea’s economy in the third quarter grew 0.6% from the previous quarter, extending a growth streak to three consecutive quarters on a r...

Xexymix launches pop-up store in Shanghai BFC Mall

South Korea's media and e-commerce company Brand X Corp. announced on Wednesday its activewear brand Xexymix has opened a pop-up store at the BFC Ma...

Medytox to enter China’s botulinum toxin market with Newlux

South Korean pharmaceutical company Medytox Inc. on Tuesday announced its plan to enter the Chinese market for botulinum toxins (BTX) with its cut...

Korea’s exports set to snap 12-month losing streak in October

South Korea may snap its 12-month-long losing streak in exports this month after it reported an on-year gain in exports in the first 20 days of Octo...

China’s graphite export curbs deal blow to Korean battery sector

South Korean electric vehicle battery and battery component makers are fretting over the Chinese government’s impending restrictions on export...

POSCO completes automotive steel plates plant in China

South Korea’s POSCO announced on Thursday it completed the new plant for automotive steel plates in Tangshan, Hebei province, China.As a joi...

China’s Temu challenges homegrown e-commerce platforms in Korea

Temu, a popular Chinese discount e-commerce platform that landed in South Korea just a few months ago, has apparently cracked homegrown players&rsqu...

S.Korean airlines see 12.87 mn int’l passengers in Q3 2023

South Korean airlines’ international passenger traffic in the third quarter reached 85% of that over the same period in 2019, the year befor...

China Appears to Have Repatriated North Koreans Despite International Pressure

SEOUL—China appeared to have repatriated a large number of North Koreans this week, despite international pressure given the harsh punishment ...

Tous Les Jours overseas stores surpass 400

CJ Foodville, the food subsidiary of South Korea's CJ Group, announced on Tuesday that its bakery brand Tous Les Jours has expanded its global footp...

Kia unveils low-cost EV models to reboot sales growth

Kia Corp., South Korea’s No. 2 automaker, showcased new low-cost electric vehicles on Thursday to boost the slowing growth in clean automobile...

Shinsegae targets global luxury cosmetics market with own brand

South Korea’s Shinsegae International Inc. targets the global luxury cosmetics market with its own house brand as it aims to transform into a ...

Hyundai Motor to manufacture BAIC’s Arcfox EVs in China

BEIJING -- Hyundai Motor Co. is set to manufacture electric vehicles of Arcfox, a Chinese EV brand owned by BAIC Motor Corp., as the leading South K...