Korea struggles with surging copper scrap exports to China
South Korea’s nonferrous metal industry is scrambling for the procurement of copper scrap as China, the world’s top copper consumer, has...
South Korea gets tough with Chinese platforms AliExpress, Temu, Shein
South Korea plans to introduce a get-tough e-commerce policy on Chinese platforms such as AliExpress, Temu and Shein amid increasing complaints abou...
Premium children's brands buck falling birth rate in Korea
Premium children's clothing and food brands have bucked the economic slowdown in a country grappling with the world’s lowest birth rate as Sou...
S.Korean steelmakers mull building electric furnaces in US
Steelmakers are considering building steel mills with electric furnaces in the United States to survive the triple whammy of high tariff barriers, l...
BMW EV sales roar in Korea on strong lineup of new models
BMW, already one of the top two best-selling imported car sellers in South Korea, has beaten the world’s No. 1 EV seller Tesla Inc. in the cou...
AliExpress sells top K-food maker’s products in S.Korea
AliExpress, an e-commerce arm of China’s Alibaba Group, on Thursday started selling products of CJ CheilJedang Corp., South Korea’s top ...
Korea probes AliExpress as Chinese e-commerce threat grows
South Korea’s antitrust body launched a probe into alleged violations of consumer protection regulations by China’s AliExpress, as Chine...
Kolon Industries, SK Microworks to set up industrial film JV
South Korea’s major chemical materials producer Kolon Industries Inc. will team up with SK Microworks Co. to regain ground in the Chinese film...
South Korea’s luxury hotels bask in return of tourists post-pandemic
South Korea’s luxury hotels are enjoying the return of tourists following years of COVID-19 restrictions, which significantly hurt their sales...
Kia rides defense sector boom with military vehicles
Kia Corp., South Korea’s second-largest automaker, has unveiled its next-generation military vehicle technologies at the largest defense exhib...
Naver logs record earnings on e-commerce, content; stocks up
South Korea’s online giant Naver Corp. reported record earnings on strong performances of its e-commerce and content businesses, sending its s...
Nexon's DnF Mobile obtains Chinese game service license
South Korean online game developer Nexon Korea Corp.'s "Dungeon & Fighter Mobile" has obtained a banhao (game service license) from the Chinese ...
Daewoo E&C teams up with Chinese company on wind power generation
Daewoo Engineering & Construction Co. announced on Thursday that it has signed a business agreement with China Communications Construction Compa...
Hyundai, BAIC join hands to develop China-only EV brand
BEIJING – Hyundai Motor Co. has joined hands with Beijing Motor Corp. (BAIC) to debut a new electric vehicle brand specifically tailored to Ch...
Celltrion, WuXi XDC to develop new antibody-drug conjugates
South Korea’s Celltrion Inc. has signed a business agreement with China’s WuXi XDC to jointly develop new antibody-drug conjugates (ADC)...
Global X to liquidate China-exposed ETFs on poor returns
Global X ETFs, the New York-based provider of exchange-traded funds, will liquidate 19 ETFs, including 11 China-exposed funds, next month to stop th...
Hyundai Motor Group holds firm as world’s No. 3 carmaker
South Korea’s Hyundai Motor Group kept its title as the world's third-largest automaker by sales volume for the second straight year in 2023, ...
S.Korea, Indonesia to strengthen battery materials supply chain
South Korea and Indonesia plan to strengthen the collaboration to establish an electric vehicle (EV) battery ecosystem, capitalizing on Indonesia'...
Kobiolabs gets Chinese patent for obesity treatment strain
South Korean microbiome-based new drug development company Kobiolabs Co. announced on Wednesday that it has a patent for its obesity treatment strai...
Korean steelmakers mull anti-dumping suit vs Chinese, Japanese firms
Under growing pressure from increased imports of cheap Chinese and Japanese steel products, South Korean steelmakers are considering filing an anti-...
China to stop broadcast of S.Korean LoL league
China will stop the official broadcast of League of Legends (LoL) Champions Korea (LCK), according to the South Korean game industry. “There w...
S.Korea to probe Chinese batteries' alleged patent violations
South Korea will investigate alleged patent infringement by Chinese makers of smartphone batteries and high-nickel cathodes upon requests by LG Chem...
Korea’s Hanwha Ocean quits money-losing container shipbuilding business
South Korea’s Hanwha Ocean Co., the world’s third-largest shipbuilder, has decided to exit the money-losing container shipbuilding busin...
BMW overtakes Mercedes-Benz as top-selling foreign carmaker in S.Korea
BMW has overtaken Mercedes-Benz in the South Korean market, regaining the top spot in the foreign automobile sales segment for the first time in eig...
KT opens Foreigner Center for non-English speakers
South Korea’s KT Corp. announced on Tuesday that it opened the KT Foreigner Center for non-English speakers in Won-gok-dong, Ansan, Gyeonggi...
Kolon Industries to downsize industrial film business amid weak demand
Kolon Industries Inc., a South Korean chemical and textile manufacturer, is downsizing its industrial film business amid weak demand and growing com...
Samsung tech leak suspects allegedly bribed by Chinese firm
A former senior manager at Samsung Electronics Co. and an ex-subcontractor employee are among those accused of receiving several tens of million dol...
SK Telecom launches AI-based phone interpreting service
South Korea’s top mobile carrier SK Telecom Co. has launched an artificial intelligence-based telephone interpreting service in real-time for ...
Hyundai Motor to offer China-made Sonata taxis in S.Korea
Hyundai Motor Co. will import Sonata taxis manufactured in China to South Korea in response to strong demand from local taxi drivers less than five ...
US regulations push Korean battery industry to cut reliance on China
The South Korean battery industry is facing pressure to cut its reliance on Chinese capital as the US government on Dec. 1 issued guidance that will...
