S.Korea needs 35,000 additional foreign workers: study
The South Korean government plans to issue non-professional employment (E-9) visas to 165,000 foreign workers this year. However, claims have arisen...
HD KSOE wins $240 mn order for two ammonia carriers
HD Hyundai Heavy Industries has secured its second shipbuilding contract of the year. HD Korea Shipbuilding & Offshore Engineering, the shipbui...
US tops Korea’s overseas construction orders in 2023
South Korea bagged more than $30 billion in overseas construction orders last year for the fourth consecutive year, mainly driven by a rise in order...
Fried chicken chain bhc enhances localized menus in SE Asia
South Korean fried chicken chain bhc Chicken on Monday announced the opening of its third outlet in Singapore.bhc operates 10 stores in Southeast As...
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...
S.Korea launches official probe into HSCEI-tied ELS sale
South Korea’s financial authorities have opened an official probe into local banks and securities firms’ potential misselling of equity-...
LG Uplus invests $7.6 mn in 42Maru
South Korea’s LG Uplus Corp. announced on Sunday that it has invested 10 billion won ($7.6 million) in 42Maru, a domestic language AI startup....
SK On to develop large-size cylindrical battery with 4680 form factor
SK On Co., an affiliate of South Korea’s SK Group, will work on the development of a large-size cylindrical battery with the 4680 form factor ...
Korea’s HMM among shippers benefiting from growing Red Sea crisis
The Red Sea crisis, disrupting the passage of ships through the Suez Canal, a central artery for global trade, is a bane for exporters looking for s...
Korea’s Hancom buys document software firm Clipsoft
Hancom Inc., a homegrown office suite developer in South Korea, said on Friday that it has acquired local business-to-business (B2B) digital documen...
Korean builders scramble to ease liquidity crunch woes
South Korean builders in financial distress are struggling to alleviate concerns over a potential liquidity crisis, which could put the already aili...
South Korea Boosts Security for Politicians as New Threats of Violence Emerge
SEOUL—South Korea beefed up security for prominent political figures as new threats of violence materialized against top officials, including ...
Korean fried chicken: World's favorite K-food
In 2023, Korean-style fried chicken retained its crown as the most-loved Korean dish among global consumers, marking its fourth consecutive year a...
Kurly’s earnings rebound may put IPO back on track
Kurly Inc., South Korea’s dawn delivery pioneer of fresh produce, appears to be getting its delayed initial public offering back on track...
Korean travel agencies enjoy surging overseas trip demand
South Korea’s travel agencies enjoyed strong demand for overseas trips, adding to hopes that their earnings are likely to improve further this...
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...
Samsung dubs upcoming Galaxy S24 AI phone as on-device AI race rages on
Employees at Samsung Electronics Co.'s Mobile eXperience (MX) division recently developed a habit of referring to the upcoming Galaxy series of smar...
Korea’s top regulator detects more foreigners’ naked shorting
South Korea’s top financial regulator is detecting more circumstances of naked short-selling worth tens of millions of dollars by foreign inve...
Hyundai Motor, Kia post record US sales in 2023, to rank 4th in US
South Korea’s Hyundai Motor Group saw its vehicle sales in the US rise to an all-time high in 2023, driven by its latest models of recreationa...
Kyochon opens third store in Taiwan
South Korea's fried chicken chain Kyochon F&B announced on Thursday that it opened its third Kyochon Chicken store in Taiwan at the end of last ...
Scrap steel price poised to rebound on lower inventories
Scrap steel prices in South Korea are poised to bounce back after hitting an annual low in the last month of 2023 amid declining scrap metal invento...
Virtual humans debut on Korean Air’s in-flight video
Korean Air Lines Co. released on Thursday a new in-flight safety video featuring a virtual human dressed as a flight attendant. This is the first ti...
LG Display to premiere 480Hz gaming OLED at CES 2024
LG Display Co., the world’s leading organic light-emitting display (OLED) maker in South Korea, will showcase its premium OLED gaming panel se...
S.Korea steps up probe on alleged submarine tech leaks to Taiwan
South Korea stepped up an investigation into alleged technology leaks of a submarine developed by Daewoo Shipbuilding & Marine Engineering Co. t...
DN Solutions seeks IPO at $3 bn enterprise value on Korea’s main bourse
DN Solutions Co., formerly Doosan Machine Tools Co., is seeking an initial public offering on South Korea’s main bourse, aiming to make a Kosp...
Korean semiconductor startups shine in venture downturn
South Korean startups in the semiconductor, eco-friendly and electric vehicle battery sectors succeeded in attracting investors in the second half o...
LG OLED TV named Best TV in US
LG Electronics Inc. 's organic light emitting diode (OLED) evo 65G3 was named as Best TVs Overall in the Consumer Reports' Best TVs of 2024, accordi...
POSCO Holdings’ Chairman Choi to hand over baton
POSCO Holdings Inc.'s Chairman Choi Jeong-woo is not among the company’s next CEO candidates, suggesting Choi will leave the company after ser...
Innocean establishes social marketing subsidiary
Innocean Worldwide Inc., the global marketing communications arm of Hyundai Motor Group, announced on Wednesday that it has established its social m...
S-1 sees facial recognition AI as core trend in 2024
South Korea's system securities provider S-1 Corp. has forecasted a significant rise in the demand for AI-powered security solutions this year, pr...
