Celltrion to seek FDA approval for sale of Remsima SC by year-end

Celltrion Inc. said it has confirmed the effectiveness and safety of Remsima SC in its third-phase global clinical trials, conducted on 438 patients...

Seoul reclaims spot as Japanese tourists' top destination after 11 yrs: HIS

Seoul has become the top destination for Japanese tourists for the first time since 2011, according to Japan’s leading travel agency HIS Gro...

Hyundai E&C creates world's first children's playground using 3D printing

Hyundai Engineering & Construction said on Thursday it has installed children's playground equipment it made using 3D printing technology at Hil...

Korea to revise dividend policy to ease ‘Korea discount’ concerns

South Korea plans to revise its stock dividend policy as part of a broader financial market reform to help attract foreign investors and obtain MSCI...

Korea Zinc exchanges treasury shares with LG Chem, Hanwha Corp.

Korea Zinc Co. will exchange part of its treasury shares with those of LG Chem Ltd. and Hanwha Corp. in a move seen to strengthen the secondary batt...

Korean universities lag international peers in nurturing entrepreneurs

The prestigious Seoul National University was the only university in South Korea to rank among the top 100 universities in terms of producing futu...

Samsung SDS records record-high share of overseas sales of 71%

The overseas sales of South Korea's Samsung SDS comprises 71% of overall revenue, the highest rate since the company launched its business process o...

KDB reaches out to Hyundai, POSCO, CJ, LX on HMM stake sale

State-run Korea Development Bank (KDB) has contacted major conglomerates including Hyundai Motor Group about the sale of its stake in HMM Co., the c...

Seoul more expensive than Tokyo for expats due to high real estate costs

TOKYO — The monthly rent of a commercial building in Seoul has surpassed that of Tokyo for the first time.The rent for an office building in t...

BTS Jin's solo debut album sells over 1 mn copies in 16 days

"The Astronaut," the first solo album of K-pop megaband BTS member Jin, has sold over 1 million copies in the 16 days since its launch.Released on O...

Saudi prince’s Seoul trip brings $30 billion in business deals

Mohammed bin Salman, the crown prince and prime minister of Saudi Arabia, flew into Seoul on Thursday and clinched $30 billion in bilateral deals wi...

FTX implosion disrupts interest issuance by GOPAX product

The implosion of the Bahamas-based crypto exchange FTX is causing ripple effects around the world, and South Korea is no exception.Seoul-based cry...

Korea's NPS to get partial tax refund on US real estate sales

South Korea’s National Pension Service (NPS) is set to receive a tax refund of 30 billion won ($22.4 million) from the US Internal Revenue Ser...

Kia mulls investing $754 mn in China instead of Russia

Kia Corp., South Korea’s second-largest carmaker, is considering an investment of $754 million, which had been set aside for Russia, in China ...

S.Korea's Iljin Group halts sale of its display maker

South Korea’s Iljin Display Co. has suspended procedures of selling its 43.19% stake with management rights, the junior bourse Kosdaq-listed d...

UK regulator flags concerns over Korean Air-Asiana merger

The British antitrust watchdog raised concerns over the impact on competition of the proposed merger between South Korea’s two largest carrier...

Saudi crown prince to meet Korean business leaders in Seoul

Saudi Arabia’s crown prince Mohammed bin Salman is known to be planning meetings with leaders of major South Korean conglomerates, including S...

S-Oil to OK $6 billion Shaheen project as Saudi prince heads to Seoul

S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., will approve the much-touted 8 trillion won ($6 billion) Shaheen project to expand its ...

Sale of Korean dental scanner maker Medit fails

The sale of South Korea's dental scanner manufacturer Medit will undergo a reset as the preferred bidder, a consortium led by GS Holdings and the US...

Delivery startup VtoV raises $7.2 million from Series A round 

South Korean logistics startup VtoV, the operator of optimized delivery service To-Day, raised 9.5 billion won ($7.2 million) from a Series A round....

SK Biopharma's epilepsy treatment posts impressive growth in US

South Korean SK Biopharmaceuticals' epilepsy treatment Cenobamate has seen rapid growth on the US market.The company on Thursday said the medic...

Korean retail brand F&F’s Chinese sales seen above $800 million

South Korean outdoor clothing retailer F&F Co. is expected to post 1.1 trillion won ($807 million) in sales revenue in China this year, emerging...

Celltrion's Q3 earnings boosted by Remsima sales in Europe

South Korean biopharmaceutical giant Celltrion Inc. announced 654.6 billion won ($478.2 million) in revenue and 213.8 billion won in operating profi...

South Korea’s biggest startup event ComeUp 2022 kicks off in Seoul 

South Korea’s largest startup event ComeUp kicked off on Wednesday at the Dongdaemun Design Plaza (DDP). The annual event, which celebrat...

Microsoft CEO Nadella to speak at developers' forum in Seoul

Microsoft Korea said on Tuesday that it will host Microsoft Ignite Spotlight on Korea, an annual conference for developers and IT professionals, on ...

Falling Korea current account surplus heightens economic woes

South Korea’s current account surplus has shrunk on falling exports, adding to concerns over a slowdown in Asia’s fourth-largest economy...

Weak won leads HSBC's Seoul branch to raise capital

The Seoul branch of the UK-based Hong Kong and Shanghai Banking Corp. (HSBC) has made a capital increase of over 20% to raise its capital adequacy r...

Naver posts record 3Q sales boosted by content and commerce

South Korea's leading web portal Naver reported record-high sales in the third quarter thanks to surging growth in its content sector, including the...

Korea, Hyundai Motor request 3-year reprieve on US EV tax credit law

The South Korean government and the country’s top automaker Hyundai Motor Co. have requested the US government give Korean carmakers a three-y...

Korean LED maker marks 100th victory in global patent wars

Seoul Semiconductor Co., the world’s second-largest light-emitting diode (LED) display maker, won a patent lawsuit in Germany, setting a recor...