Sindoh to tap ex-STIC Investments exec Seo as CEO, spur M&As

Sindoh to tap ex-STIC Investments exec Seo as CEO, spur M&As

Sindoh Co., a leading manufacturer of multi-functional printers in South Korea, is set to tap an investment banking expert as its chief executive. W...

South Korea’s corporate tax-to-GDP ratio hits record high

South Korea’s corporate tax-to-GDP ratio hits record high

South Korean companies paid more corporate taxes than their rivals in developed countries in 2022, losing competitiveness, with the nation’s c...

Samsung Electronics to hire big for AI R&D careers

Samsung Electronics to hire big for AI R&D careers

Samsung Electronics Co. is ramping up its recruitment of experienced professionals across its Device eXperience (DX) and Device Solution (DS) divisi...

South Korea establishes diplomatic ties with Cuba

South Korea establishes diplomatic ties with Cuba

South Korea has established diplomatic relations with Cuba, a close ally of North Korea, Seoul said on Wednesday. Cuba had long been the only count...

Korea gives the nod for foreign workers at plant construction sites  

Korea gives the nod for foreign workers at plant construction sites  

South Korea is expected to allow foreigners to work at plant construction sites nearly two decades after non-native Koreans were banned from those p...

Kyobo Life CEO Shin Chang-jae: Eccentric, humanitarian entrepreneur

Kyobo Life CEO Shin Chang-jae: Eccentric, humanitarian entrepreneur

When Shin Chang-jae took the helm of Kyobo Life Insurance Co. in 2000 the South Korean insurance firm was reeling from the aftermath of the 1998 Asi...

Korea’s GS offers dim outlook after weak earnings; stocks down

Korea’s GS offers dim outlook after weak earnings; stocks down

GS Holdings Corp., the holding company of South Korea’s energy-to-retail conglomerate GS Group, on Wednesday provided a dismal business outloo...

BMW joins other foreign brands’ moves to use domestic car GPS in Korea

BMW joins other foreign brands’ moves to use domestic car GPS in Korea

German luxury carmaker BMW Group is installing domestic GPS navigation systems in models sold in South Korea, joining other imported car brands&rsqu...

POSCO chairman nominee to prop up ailing steel business

POSCO chairman nominee to prop up ailing steel business

The chairman nominee of POSCO Holdings Inc., the parent of the world’s No. 7 steelmaker POSCO, is expected to concentrate on improving its cor...

Hyundai Motor to exceed 100 mn cumulative sales in 2024

Hyundai Motor to exceed 100 mn cumulative sales in 2024

Hyundai Motor Co. 's cumulative vehicle sales are expected to surpass 100 million units this year since it started 56 years after the launch of car ...

Qoo10 buys US e-commerce platform Wish for $173 mn

Qoo10 buys US e-commerce platform Wish for $173 mn

Southeast Asia-focused e-commerce platform Qoo10 Pte. has agreed to acquire Wish, a US online marketplace, for $173 million from Nasdaq-listed Conte...

Tesla to showcase Cybertruck in South Korea next week

Tesla to showcase Cybertruck in South Korea next week

Tesla Inc., the world’s No. 2 electric vehicle maker, is set to showcase its electric full-size pickup Cybertruck in South Korea, home to its ...

China’s BYD to enter South Korea’s passenger electric car market

China’s BYD to enter South Korea’s passenger electric car market

China’s BYD Co., the world’s largest electric vehicle maker, is set to enter South Korea’s passenger EV market, setting off alarm ...

Starbucks reigns in coffee republic of South Korea; Drink, play and work

Starbucks reigns in coffee republic of South Korea; Drink, play and work

In South Korea, coffee is not just something to drink. It’s a culture, in which people drink, play and work.Koreans’ love affair with co...

Samsung Asset to launch S.Korea's first obesity treatment ETF

Samsung Asset to launch S.Korea's first obesity treatment ETF

Korea Exchange announced on Thursday that it will list Samsung Asset Management's "KODEX Global Obesity Treatment Top 2 Plus exchange-traded fund (E...

Doosan Enerbility faces record $15 mn in fines for improper bookkeeping

Doosan Enerbility faces record $15 mn in fines for improper bookkeeping

South Korea's major power plant builder Doosan Enerbility Co. faces a record-breaking fine to the tune of about 20 billion won ($15 million) over it...

EcoPro’s 2023 profit halves on softer EV demand, materials prices

EcoPro’s 2023 profit halves on softer EV demand, materials prices

South Korea’s major battery materials company EcoPro Co. saw last year’s operating profit halved from the previous year after a steeper-...

Korea’s telemedicine startups seek growth abroad

Korea’s telemedicine startups seek growth abroad

South Korea’s telemedicine startups are seeking growth opportunities abroad in the face of regulations such as drug delivery restrictions that...

Warren Buffett’s IMC to invest $98 million in Daegu for chip materials plant

Warren Buffett’s IMC to invest $98 million in Daegu for chip materials plant

DAEGU – The IMC Group, owned by Warrant Buffett’s Berkshire Hathaway Inc., will invest 130 billion won ($98 million) to build a semicond...

Lotte to sell 7-Eleven’s ATM unit in Korea for around $38 mn

Lotte to sell 7-Eleven’s ATM unit in Korea for around $38 mn

Lotte Group is set to sell the automated teller machine (ATM) business of Korea Seven Co., the operator of convenience store chain 7-Eleven in South...

Harim gives up HMM deal over management rights dispute

Harim gives up HMM deal over management rights dispute

South Korea's leading poultry processor Harim Co. has walked away from a $5 billion deal to buy HMM Co., South Korea’s No. 1 ocean carrier, re...

South Korea’s Exports Get off to Strong Start in 2024

South Korea’s Exports Get off to Strong Start in 2024

South Korea’s exports got off to a strong start this year, with shipment growth accelerating in January amid solid demand for semiconductors...

GM chair to visit Korea, meet LG Energy, Samsung SDI CEOs

GM chair to visit Korea, meet LG Energy, Samsung SDI CEOs

General Motors Chair and Chief Executive Mary Barra will visit South Korea on Wednesday to meet leaders of LG Energy Solution Ltd. and Samsung SDI C...

SK Hynix to use 30% recycled materials by 2030

SK Hynix to use 30% recycled materials by 2030

SK Hynix Inc., the world's second-largest memory chip producer, announced on Tuesday that it has established a medium- to long-term plan to utilize ...

Kia rides defense sector boom with military vehicles

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...

Hanwha Q Cells to unveil Q.TRON G2 solar module

Hanwha Q Cells to unveil Q.TRON G2 solar module

Hanwha Q Cells Co., a solar power unit of South Korean conglomerate Hanwha Group, announced on Monday that it will unveil its new solar module ser...

Samsung’s Lee cleared of charges over Samsung C&T merger

Samsung’s Lee cleared of charges over Samsung C&T merger

The Seoul Central District Court on Monday acquitted Samsung Electronics Co. Chairman Jay Y. Lee of charges of being involved in illegal activities ...

SK Telecom gears up for AI leap in 2024

SK Telecom gears up for AI leap in 2024

SK Telecom Co., South Korea’s largest mobile carrier, will expedite its transition into an artificial intelligence company this year after its...

Cosmax opens integrated R&D center for bio-material

Cosmax opens integrated R&D center for bio-material

Cosmax Group, South Korea's largest cosmetics manufacturer specializing in original design manufacturing (ODM), announced on Monday that it has la...

Korea needs sustainable ecosystem for startup accelerators

Korea needs sustainable ecosystem for startup accelerators

South Korea needs to create a “sustainable ecosystem” to nurture influential startup accelerators like US tech startup accelerator Y Com...

Fictional K-pop band Saja Boys beat BTS, Blackpink to top US Spotify charts S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan