Hyundai to build EV battery pack plant in India by 2025

South Korea’s top automaker Hyundai Motor Co. is set to invest 7 billion rupees ($84 million) to build an electric vehicle battery pack assemb...

Hanwha Systems to launch small SAR satellite by year-end

South Korea's Hanwha Systems Co. announced on Wednesday that it plans to launch its own small synthetic aperture radar (SAR) satellite by the end of...

S.Korea-UK upgrade bilateral ties, sign deals on nuclear plants, chips

LONDON – South Korea and the UK have agreed to upgrade their bilateral relationship and closely cooperate in the defense, security and busines...

North Korea Launches Suspected Spy Satellite After Two Botched Tries

SEOUL—North Korea appeared to launch its homegrown spy satellite late Tuesday, South Korea’s military said, a much-anticipated attempt a...

ADNOC awards steel pipe order contracts to Korea’s SeAH

South Korea’s SeAH Steel Holdings Corp. said on Tuesday it has signed a five-year contract to provide 200,000 tons of steel pipes to Abu Dhabi...

South Korea’s Hankook Tire looks to direct tire sales in Taiwan

Hankook Tire & Technology Co., South Korea’s top tire manufacturer, is launching a local corporation in Taiwan to directly sell tires in t...

Semiconductors likely to lead Korea’s export growth for 2nd month

South Korea’s semiconductor exports accelerated their recovery in the first 20 days of November, data showed on Tuesday, adding to hopes that ...

LG Energy may produce mid-nickel EV batteries from 2024

South Korea’s LG Energy Solution Ltd. plans to mass-produce mid-nickel, high-voltage lithium batteries as early as next year, one year ahead o...

Beware political risk, No.1 factor in Korea Discount

Corporate governance and management transparency have long been the big issues influencing the so-called Korea Discount, alongside labor strife and ...

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 sees new record of instant noodle exports

South Korea's exports of ramen exceeded 1 trillion won ($780 million) for the first time. Korean ramen is celebrating its 60th anniversary this year...

Korea Inc.’s dividend repatriation soars on new tax breaks

Major companies in South Korea, such as affiliates of Samsung, LG and Hyundai Motor Group, are bringing larger amounts of capital back home from abr...

SK Square pauses talks with Qoo10 over 11Street deal

SK Square Co., an investment arm of South Korea’s No. 2 conglomerate SK Group, has suspended negotiations with Singapore-headquartered e-comme...

Japanese furniture brand Nitori to open first store in Korea

Nitori Co., dubbed Japan's IKEA, is slated to open its first store in South Korea next week, accelerating its Asia-centered expansion push, while su...

Trafigura to invest in S.Korea’s EV cell materials maker

Trafigura, a major global commodity trader, is set to invest in a South Korean electric vehicle battery raw materials manufacturer to take advantage...

Samsung Med. Center achieves Korea's first uterine transplantation

The first successful case of uterine transplantation surgery in Korea has been reported, with the patient currently preparing for pregnancy. Samsung...

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,...

Thematic ETFs in Korea betting on India’s growth boom

South Korean asset managers stand hand in hand with their global peers in betting on India’s bright growth outlook by rolling out India-themed...

Samsung Asset launches 1st Korea-listed ETF in US

Samsung Asset Management Co., South Korea’s largest exchange-traded fund (ETF) manager, has launched an ETF in the US, the first of its kind t...

LG Chem, SNU to jointly develop next-generation material

South Korea's LG Chem Ltd. partnered with Seoul National University (SNU) to develop next-generation material technologies, including pivotal materi...

AI to replace high-paid, highly educated doctors, CPAs: BOK

Artificial intelligence poses the biggest threat to high-paid, highly educated professionals such as medical doctors, accountants and engineering te...

S.Korea's FNS Value to enter Malaysian fintech market

South Korea's FNS Value announced on Thursday a collaboration agreement with the Malaysian big data technology company Big Dataworks. The two compan...

LG Elec to venture into US EV charger market in 2024

South Korea’s LG Electronics Inc. is readying to enter the US electric vehicle charger market with the launch of EV chargers in the first half...

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...

SK On, BASF tie up for EV battery materials business

SK On Co., the world’s fifth-largest electric vehicle battery maker, and BASF SE, a major global cell materials producer, joined forces for th...

BOK governor named chair of BIS financial system committee

Bank of Korea Governor Rhee Chang-yong has been appointed as the chairman of the Committee on the Global Financial System (CGFS) at the Bank for Int...

KT says farewell to telegraph after a century of service

KT Corp., a leading South Korean telecom company, will end its telegraph service, once the fastest means of long-distance communication, after the c...

SK Ecoplant develops core battery recycling technologies

South Korea’s SK Ecoplant Co. has developed four core battery-recycling technologies, including recovering nickel and cobalt from spent lithiu...

Korean battery makers’ broad restructuring hits US

SK On Co., South Korea’s No. 3 battery maker, has decided to furlough employees at one of its US battery factories in the state of Georgia to ...

South Korea vulnerable to tech spies undeterred by soft penalties

When a former Samsung Electronics Co. executive was arrested on industrial espionage charges by South Korea’s National Intelligence Service (N...