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S.Korea launches foreign worker quota exclusively for shipbuilding sector

S.Korea launches foreign worker quota exclusively for shipbuilding sector

South Korea will set a separate quota of 5,000 foreign workers to solve the labor shortage in domestic shipbuilding and accept 120,000 such workers ...

Number of travelers on S.Korea's LCCs jumped 104-fold in Q1

Number of travelers on S.Korea's LCCs jumped 104-fold in Q1

Demand for overseas flights in South Korea has exploded since the resumption of air travel operations amid the substantial easing of COVID-19 restri...

Upstage beats Amazon, Nvidia to rank first in global AI competition

Upstage beats Amazon, Nvidia to rank first in global AI competition

South Korea’s artificial intelligence startup Upstage on Monday said it ranked first in four categories at the International Association for P...

S-Oil’s price target falls on worsening refining margin

S-Oil’s price target falls on worsening refining margin

Yuanta Securities Korea lowered its target price for S-Oil Corp. to 100,000 won ($75) from 110,000 won on Tuesday, saying the oil refining industry ...

S.Korea wary of tougher US anti-China moves for chipmakers

S.Korea wary of tougher US anti-China moves for chipmakers

South Korean President Yoon Suk Yeol on Monday kicked off a six-day state visit to the US with a tough assignment: finding diplomatic solutions for ...

S.Korea's medical tourists rebound to 50% of pre-pandemic levels

S.Korea's medical tourists rebound to 50% of pre-pandemic levels

South Korea's medical tourism industry, which experienced a severe setback due to the COVID-19 pandemic, has shown considerable recovery, with the n...

S.Korea, Chile to enhance cooperation for green hydrogen

S.Korea, Chile to enhance cooperation for green hydrogen

South Korea is exploring ways to cooperate with Chile in the transition toward a hydrogen economy and clean hydrogen production, as Chile has abunda...

S.Korea imports over 8,000 tons of whiskey in Q1

S.Korea imports over 8,000 tons of whiskey in Q1

South Korea's whiskey imports hit an all-time high for the same period In the first quarter of this year. It is the second-highest quarterly figure ...

iMarket Korea, Taylor city in Texas sign MOU for business agreement

iMarket Korea, Taylor city in Texas sign MOU for business agreement

iMarket Korea, South Korean distributor of industrial materials,  said on Friday that it has signed a memorandum of understanding (MOU) with th...

Ransomware attacks targeting S.Korean companies on sharp rise

Ransomware attacks targeting S.Korean companies on sharp rise

Global hacker groups' ransomware attacks against domestic companies and organizations in the first quarter of this year have been revealed to total ...

S.Korea's Kainos Medicine exports AIDS treatment technology to China

S.Korea's Kainos Medicine exports AIDS treatment technology to China

South Korean new drug developer Kainos Medicine Inc. announced on Friday that it had signed a technology transfer agreement with Chinese pharmaceuti...

Lotte’s soju team applauded as MZers bedazzled by sugar-free Saero

Lotte’s soju team applauded as MZers bedazzled by sugar-free Saero

Young consumers, dubbed millennials and Gen Zers, are by nature conscious of fleeting fads.These days, one of the hottest trends in South Korea is h...

Samsung Heavy forms int'l consortium to make nuclear plants at sea

Samsung Heavy forms int'l consortium to make nuclear plants at sea

South Korea's Samsung Heavy Industries (SHI) and Korea Hydro & Nuclear Power (KHNP) and Denmark's Seaborg Technologies on Friday announced their...

Samsung, LG show Korean War hero tribute videos on Times Square

Samsung, LG show Korean War hero tribute videos on Times Square

A tribute video to honor Korean and U.S. veterans of the Korean War started screening on billboards in New York’s Times Square on Thursday. Th...

Korean won near 5-month low despite weak dollar; outlook dark

Korean won near 5-month low despite weak dollar; outlook dark

The South Korean won fell to the weakest level in almost five months, underperforming other currencies despite a softer dollar, as sluggish fundamen...

CJ OliveNetworks opens S.Korea's first logistics center with 5G

CJ OliveNetworks opens S.Korea's first logistics center with 5G

South Korea's digital service company CJ OliveNetworks on Thursday said it set up the mobile communications network "Ieum 5G" exclusively for busine...

S.Korea to inject $15 bn in rechargeable battery sector by 2030

S.Korea to inject $15 bn in rechargeable battery sector by 2030

South Korea will invest 20 trillion won ($15.1 billion) in the rechargeable battery sector by 2030 to widen its technology gap with global competito...

Korea Tourism Organization to host K-Tourist Festival in Japan

Korea Tourism Organization to host K-Tourist Festival in Japan

The Korea Tourism Organization announced on Thursday that it will hold a "K-Tourism Festival" on Apr. 21-22 in Hiroshima and Fukuoka, the key market...

Korean gov’t pledges additional $7.9 bn for startups amid fund squeeze

Korean gov’t pledges additional $7.9 bn for startups amid fund squeeze

The South Korean government will spend an additional 10.5 trillion won ($7.9 billion) to shore up the country’s startups and venture capitalis...

S.Korea sees boom in domestic demand for zero-sugar soju

S.Korea sees boom in domestic demand for zero-sugar soju

A "zero-sugar" craze has emerged on the South Korean market for the country's traditional alcoholic drink soju. Lotte Chilsung Beverage said its die...

S.Korea to raise R&D's share of defense budget to 10%

S.Korea to raise R&D's share of defense budget to 10%

South Korea will develop a reconnaissance and interception system to respond to North Korea's nuclear weapons and missile threats from space by rais...

POSCO mulls $3.3 bn investment in industrial cluster by 2033

POSCO mulls $3.3 bn investment in industrial cluster by 2033

South Korean steel giant POSCO Group said on Wednesday it will consider investing 4.4 trillion won ($3.3 billion) in the state-run industrial comple...

S.Korea's Com2verse releases metaverse virtual office

S.Korea's Com2verse releases metaverse virtual office

South Korean game company Com2uS Corp. announced on Wednesday that its metaverse subsidiary, Com2Verse, has released a YouTube video showcasing the ...

Welt gets second digital therapeutic device approval in S. Korea

Welt gets second digital therapeutic device approval in S. Korea

South Korea's Ministry of Food and Drug Safety announced on Wednesday that it has approved the cognitive therapy software "WELT-I" developed by We...

Shinhan Financial Chairman to hold overseas IR in Japan

Shinhan Financial Chairman to hold overseas IR in Japan

Shinhan Financial Group's Chairman Jin Ok-dong is set to embark on his first overseas business trip since taking office as chairman last month. From...

S.Korea’s hottest stock EcoPro may miss invitation from MSCI Korea in May

S.Korea’s hottest stock EcoPro may miss invitation from MSCI Korea in May

Cosmo Advanced Materials & Technology Co. and Hanwha Aerospace Co. are expected to join the MSCI Korea Index next month but South Korea’s ...

S.Korea’s five major companies form data network alliance

S.Korea’s five major companies form data network alliance

South Korea's five major companies have joined forces to make a combined data product that consolidates their respective information, ranging from c...

South Korea to Probe Circumstances Around Reported Leak of Classified U.S. Documents

South Korea to Probe Circumstances Around Reported Leak of Classified U.S. Documents

SEOUL—A South Korean official said the government was investigating the circumstances around a leak of highly classified U.S. documents that a...

HD Hyundai develops S.Korea's first offshore supply base for ammonia

HD Hyundai develops S.Korea's first offshore supply base for ammonia

HD Hyundai Co., the largest shipbuilding conglomerate in South Korea on Wednesday said it developed for the first time in the country a vessel for s...

Korea’s shaved ice dessert bingsu price up 30% on-year on inflation

 Korea’s shaved ice dessert bingsu price up 30% on-year on inflation

Inflation has hit almost every corner of the real economy in South Korea, and the country’s popular summer dessert bingsu is no exception, wit...

Is chip winter over? Doomsayers gone as Korea’s DRAM exports surge S.Korea to have 1st civilian defense minister in decades, tap career technocrats Fubon Bank expands Korea presence into banking Hana Asset launches ultra-low-fee Nasdaq 100 ETF Even barcodes copied: Counterfeits invasion threatens K-brands

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