Hyundai Motor, Kia gets A- credit rating from S&P Global

Hyundai Motor Co. and Kia Corp. said on Thursday that S&P Global upgraded their credit ratings from BBB+ to A-, with a Stable outlook for both c...

BOK signals autumn rate cut as inflation, economic growth slow

South Korea’s central bank is likely to reduce interest rates in the next three months as inflation is expected to ease amid a slowdown in Asi...

LG Energy looks to battery safety diagnosis software business

LG Energy Solution Ltd., one of the world’s top battery makers, said on Wednesday it is entering the battery safety diagnosis software busines...

After Mercedes Fire, EV Owners Want to Know What Battery They Have

SEOUL—The uproar over a Mercedes-Benz electric vehicle that burst into flames in South Korea this month wasn’t only about fire...

Kolon Global, Hana Bank to form onshore wind power fund

South Korea's Kolon Global Corp. announced on Tuesday it signed an agreement with Hana Bank, Hana Alternative Asset Management, and MDM Asset Manage...

Yuhan’s lung cancer drug clears FDA hurdle for global debut

A new lung cancer treatment developed by South Korea’s Yuhan Corp. has secured approval from the US Food and Drug Administration (FDA) as a co...

Korea's KEDI-based ETFs boom; net assets double in 2 months

South Korean exchange-traded funds (ETFs) tracking KEDI, an index set created by The Korea Economic Daily, are booming on growing investor demand fo...

Korea Investment, most generous venture capitalist in H1

Korea Investment Partners Co. spent the most on local startups among venture capitalists in the first half, while South Korean game developer Smileg...

Korea to punish copper scrap traders for illegal exports

BUSAN -- South Korea is set to punish copper scrap traders, mostly Chinese-operated, for illegal exports as nonferrous metal sector companies on the...

Korea’s Mirae Asset to open AI business unit in New York

Mirae Asset Group, the pioneer in South Korea’s mutual fund industry, plans to set up an artificial intelligence business unit in New York as ...

Korea’s household debt hits record high on mortage loans

South Korea’s household debt hit a record high in the second quarter as the domestic housing market started to recover and more consumers rush...

Asan Nanum Foundation revamps fund management

The Asan Nanum Foundation, a nonprofit foundation set up in 2011 to commemorate the 10th anniversary of Hyundai founder Chung Ju-yung’s death,...

S.Korea to launch sustainable biojet fuel initiative

South Korea will require airlines to replace a portion of their jet fuel with environmentally friendly alternatives such as cooking oil, palm oil an...

NPS signals more say in Hanmi Pharmaceutical's family feud

South Korea’s National Pension Service is indicating more active involvement in the management of Hanmi Pharmaceutical Group embroiled in a ye...

Shinhan Card tops S.Korea's EPG ranking for financial institutions

South Korea's Shinhan Card said on Monday it was ranked as the leading company in the domestic financial sector in an environment, population, and g...

South Korea to extend export missile range from 300 km to 500 km

South Korea has decided to extend the range of missiles for export to 500 kilometers from the current 300 km after accepting requests to do so from ...

Samsung Electronics tops global TV sales in H1

Samsung Electronics Co. maintained its top position in the global TV market in the first half of this year, bolstered by robust sales of its newly i...

Com2us BTS Cooking On surpasses 1 mn global downloads

South Korea's Com2uS Corp. announced on Monday that its new cooking simulation game, "BTS Cooking On: TinyTAN Restaurant," reached 1 million downloa...

CPPIB global private equity head Suyi Kim to leave

Suyi Kim, global private equity head at Canada Pension Plan Investments Board (CPPIB), is set to leave the world’s seventh-largest pension fun...

S. Korea’s foreigner-only casinos suffer poor profit

Foreigner-only casino operators in South Korea reported weaker-than-expected operating profit in the second quarter as prolific gamblers traveling f...

Hyundai AutoEver wins $66 mn public safety contract in Angola

Hyundai AutoEver Corp., a software subsidiary of Hyundai Motor Group, secured consecutive contracts to build public safety systems in African countr...

Korea’s airline firms plagued by elevated fuel costs, strong dollar

South Korea’s six listed airline companies posted worsening profitability in the second quarter, plagued by higher jet fuel costs and the US d...

Naver Cloud takes the lead in Korea’s public AI business

South Korean online giant Naver Corp.'s cloud subsidiary is expanding its presence in the country’s public artificial intelligence market by w...

Korea’s top landscaping firm Dawon to expand in SE Asia

South Korea’s Dawon Corporation aims to expand its business in Southeast Asia as it beat out major domestic builders such as Samsung C&T C...

Acquisition loan rates dip to pre-pandemic levels in S.Korea

Interest rates on acquisition financing in South Korea are set to stabilize at the 5% level, rates last seen before COVID-19 swept the world, height...

Alipay’s rise puts Korea on alert to private data breaches

South Korean fintech companies' customer data transfers to Alipay, a Chinese payment platform, are setting off private data breach alarm bells amid ...

Korean Air, L3Harris to introduce more AEW&C aircraft

South Korean airliner Korean Air Lines Co. held the Industry Day in Seoul on Wednesday with the US-based defense company L3Harris to discuss South K...

South Korea’s job growth rises in July led by elderly workers

South Korea’s job numbers grew in July, led by new hires among those in their 60s and older in one of the world's fastest-aging countries. The...

Fire-plagued Mercedes uses Chinese cells for most EVs in S.Korea

Mercedes-Benz AG, a German luxury carmaker hit by an electric vehicle fire in South Korea, said most of its EV models in the country are equipped wi...

Samsung’s Monimo set to disrupt Korea’s financial app market

Samsung Group, South Korea’s most powerful business group, is poised to crack the country’s financial app market — now crowded wit...