Hanwha Group chair calls for startup-like entrepreneurial spirit

Hanwha Group chair calls for startup-like entrepreneurial spirit

South Korea’s Hanwha Group Chairman Kim Seung-youn on Monday urged the defense-to-financial conglomerate to revive the bold innovations of its...

POSCO fully recoups initial investment in Roy Hill mine

POSCO fully recoups initial investment in Roy Hill mine

POSCO Holdings Inc., the holding company of South Korea’s top steelmaker POSCO, has fully recovered its initial investment of 1.3 trillion won...

Microsoft ties up with Korean startup Wrtn on AI solutions

Microsoft ties up with Korean startup Wrtn on AI solutions

Microsoft Corp. and a South Korean artificial intelligence portal startup Wrtn Technologies Inc. joined hands for the generative AI service based on...

Tesla Model Y reclaims spot as Koreans' favorite foreign car in September

Tesla Model Y reclaims spot as Koreans' favorite foreign car in September

The Tesla Model Y reclaimed the top spot on the best-selling imported car list in South Korea last month for the first time since September 2022. Th...

S.Korea to spur startup investments with eased rules

S.Korea to spur startup investments with eased rules

South Korea will deploy at least 10% of a state-backed fund of funds (FoF) to venture capital investment dedicated to small startups every year, the...

Korea markets melt as Fed officials foresee longer-than-expected high rates

Korea markets melt as Fed officials foresee longer-than-expected high rates

South Korean financial markets lost ground on Wednesday with the 10-year government bond yield at a one-year high as US Federal Reserve policymakers...

Korean Sept export drop eases as chip sales hit 1-year high

Korean Sept export drop eases as chip sales hit 1-year high

South Korea’s exports slowed their decline in September to their mildest drop amid a yearlong downturn, raising hopes for a recovery in Asia&r...

Fed-triggered taper tantrum takes toll on Korean financial markets

Fed-triggered taper tantrum takes toll on Korean financial markets

The South Korean financial markets were roiled by a fresh taper tantrum after the US Federal Reserve chair signaled further tightening last week, tr...

S.Korea’s SK Earthon starts oil production in South China

S.Korea’s SK Earthon starts oil production in South China

SK Earthon Co., the resources development subsidiary of South Korea’s top energy company SK Innovation Co., began crude production at an oil f...

Japanese steelmakers flood South Korea on back of weaker yen

Japanese steelmakers flood South Korea on back of weaker yen

Japanese steelmakers are expanding their market shares in South Korea, backed by the yen's drop against the Korean won to the lowest in eight years....

S.Korea's Cosmax wins halal award in Indonesia

S.Korea's Cosmax wins halal award in Indonesia

Cosmax Inc., a South Korean original development manufacturer (ODM) of global cosmetics that also does research and development in the field, has wo...

US court rules in favor of Korea's nuclear reactor exports

US court rules in favor of Korea's nuclear reactor exports

A US district court on Monday dismissed Westinghouse Electric Corp.’s lawsuit against South Korean state-run companies to block their nuclear ...

Alipay’s Ant becomes No.2 shareholder of S. Korea’s Toss Payments

Alipay’s Ant becomes No.2 shareholder of S. Korea’s Toss Payments

Ant Group Co., the operator of China’s biggest mobile payment platform Alipay, has become the second-largest stakeholder of Toss Payments, the...

Lotte Energy Materials to build copper foil plant in US for EV makers

Lotte Energy Materials to build copper foil plant in US for EV makers

Lotte Energy Materials Corp., one of South Korea’s leading battery materials makers, plans to build a copper foil plant in the US to meet grow...

Ready for an AI pastor? Not too distant future in South Korea

Ready for an AI pastor? Not too distant future in South Korea

Some Christians in South Korea are actively embracing the hottest technology of ChatGPT in their spiritual life, sparking controversy over the role ...

NCSOFT to run Battle Crush’s CBT in October for H1 2024 launch  

NCSOFT to run Battle Crush’s CBT in October for H1 2024 launch  

NCSOFT Corp., a major South Korean game developer and publisher, is inviting game lovers to take part in the closed beta test (CBT) of its new actio...

S.Korea to extend $6 bn in financing for African projects

S.Korea to extend $6 bn in financing for African projects

BUSAN – South Korea will offer $6 billion in cheap loans and funds to domestic companies between 2024 and 2025 to finance their construction a...

Want to buy an iPhone 15 in South Korea? Pay more

Want to buy an iPhone 15 in South Korea? Pay more

During the unveiling of the much-anticipated iPhone 15 series on Tuesday, Apple Inc. said its newest product line is in same price range as its prev...

KB Financial Vice Chairman Yang named sole chairman candidate

KB Financial Vice Chairman Yang named sole chairman candidate

KB Financial Group Inc. has chosen Yang Jong-hee, its vice chairman, as the sole candidate for its next chief in charge of South Korea’s leadi...

S.Korea posts current surplus on bigger import decline in July

S.Korea posts current surplus on bigger import decline in July

South Korea maintained a surplus in the current account balance for the third consecutive month in July, driven by its positive goods trade balance ...

POSCO to lead Korea-Australia hydrogen, minerals partnership

POSCO to lead Korea-Australia hydrogen, minerals partnership

POSCO Group, South Korea’s largest steelmaker, will lead the country's efforts to cement a partnership with Australia in a broader range of ar...

S.Korea's Eximbank, Australia's EFA sign MOU on mineral supply chains

S.Korea's Eximbank, Australia's EFA sign MOU on mineral supply chains

The Export-Import Bank of Korea (Eximbank) on Thursday in Seoul signed a memorandum of understanding with Export Finance Australia (EFA) on cooperat...

Aramco, PIF chief to meet key South Korean figures this week

Aramco, PIF chief to meet key South Korean figures this week

Yasir Othman Al-Rumayyan, chairman of the world’s top oil company Saudi Arabian Oil Co. (Aramco) and governor of the kingdom’s sovereign...

Korean startups join hands amid dwindling funding, acceleration support

Korean startups join hands amid dwindling funding, acceleration support

Collaboration is becoming active among peer startups in South Korea to create synergy between different technologies and accelerate an early stage s...

Seoul to open hidden space below City Hall subway station

Seoul to open hidden space below City Hall subway station

Seoul is set to unveil a secret path below the City Hall subway station to the public for the first time in 40 years as the South Korean capital aim...

Australia’s renewables speeding toward net zero: Palisade

Australia’s renewables speeding toward net zero: Palisade

Australia, among the largest carbon emitters globally, is embarking on a once-in-a-generation shift from heavy dependence on fossil fuels to the ele...

L'Oréal keeps door open for more K-beauty acquisitions

L'Oréal keeps door open for more K-beauty acquisitions

L'Oréal S.A., the leading global cosmetics maker, is considering more acquisitions and partnerships in the beauty sector of South Korea, the ...

Corning produces ultra-thin bendable glass in Korea

Corning produces ultra-thin bendable glass in Korea

Corning Inc. has built its first integrated supply chain to produce next-generation, ultra-thin bendable glass in South Korea, where it plans to inv...

South Korean exporters jittery as China's slowdown raises red flag

South Korean exporters jittery as China's slowdown raises red flag

South Korea’s exporting companies are increasingly feeling the heat as its top export market China is sounding alarm bells over the world&rsqu...

Korean LG Chem to spend $95 mn to double water treatment biz

Korean LG Chem to spend $95 mn to double water treatment biz

South Korea’s top chemicals maker LG Chem Ltd. plans to spend 124.6 billion won ($94.5 million) on increasing its water treatment material out...

Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1 From G-Dragon to Ibuki: Dongmyo emerges as global fashion hotspot Hyundai helps Korean economy most with $265 bn contribution South Korea issues €1.4 billion in largest-ever euro bond sale