Korea to punish copper scrap traders for illegal exports

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

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

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...

HD Hyundai Infracore to supply construction equipment to Saudi Arabia

HD Hyundai Infracore to supply construction equipment to Saudi Arabia

South Korea's HD Hyundai Infracore Co. announced on Tuesday that it signed a contract to supply 100 excavators and wheel loaders to Saudi Arabia's l...

S.Korea to launch sustainable biojet fuel initiative

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

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

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 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 ...

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

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...

Tighter emissions rules boost HD Hyundai Marine margin

Tighter emissions rules boost HD Hyundai Marine margin

HD Hyundai Marine Solution Co., a ship parts manufacturing and after-sales service company, has reported the highest-ever operating profit margin in...

Hyundai AutoEver wins $66 mn public safety contract in Angola

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

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

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...

Hyundai Rotem to supply additional rail cars to Boston

Hyundai Rotem to supply additional rail cars to Boston

South Korea's Hyundai Rotem Co. announced on Friday that it signed a contract with the Massachusetts Bay Transportation Authority (MBTA) to supply a...

Hyundai, Kia to apply BMS to all EVs for fire prevention

Hyundai, Kia to apply BMS to all EVs for fire prevention

Hyundai Motor Group, the world’s third-largest automaker, plans to install its battery management system (BMS) in all its electric vehicles to...

HD Hyundai Samho, Wan Hai sign LOI for methanol-powered ships

HD Hyundai Samho, Wan Hai sign LOI for methanol-powered ships

South Korea's HD Hyundai Samho secured a potential order for four methanol dual-fuel container ships from Taiwan's Wan Hai Lines, according to the...

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

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

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

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

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 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

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’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...

Hyundai Mobis’ sustainability pledge for a better tomorrow  

Hyundai Mobis’ sustainability pledge for a better tomorrow  

Hyundai Mobis Co.'s efforts to build a better tomorrow don't stop at developing future mobility technologies like autonomous driving, connectivity a...

7-Eleven ratchets up sports marketing to take on GS25, CU

7-Eleven ratchets up sports marketing to take on GS25, CU

7-Eleven, the third-largest convenience store chain in South Korea, is challenging its bigger rivals GS25 and CU, attracting customers with Hello Ki...

Hyundai to develop EREV powertrain for electric pickup, Santa Fe, GV70

Hyundai to develop EREV powertrain for electric pickup, Santa Fe, GV70

South Korea’s top automaker Hyundai Motor Group is developing a next-generation powertrain, known as a range extender, for pickup trucks and s...

Korean pension subscribers show ultra-low risk tolerance

Korean pension subscribers show ultra-low risk tolerance

South Korean pension plan subscribers prefer to protect their money rather than taking risks for capital gains despite the government's effort to en...

Rainbow Robotics develops 4-legged counter-terrorism robot

Rainbow Robotics develops 4-legged counter-terrorism robot

Samsung Electronics Co.-backed Rainbow Robotics Co. has delivered its multi-legged counter-terrorism robots to the South Korean Army as it gears up ...

S.Korea, Vietnam complete Smart City Cooperation Center in Hanoi

S.Korea, Vietnam complete Smart City Cooperation Center in Hanoi

The South Korean Ministry of Land, Infrastructure and Transport announced on Tuesday that it completed the construction of the Korea-Vietnam Smart C...

Fashion OEM Hansae bids for GM Korea supplier Erae AMS

Fashion OEM Hansae bids for GM Korea supplier Erae AMS

The holding company of Hansae Co., a leading global apparel original equipment manufacturer (OEM), is eyeing expansion into auto parts production by...

South Korea’s ex-President Yoon re-arrested over martial law decree Samsung’s latest Galaxy Z foldables: Slimmest, lightest yet smarter with AI features S.Korea to overhaul retirement pension system, introduce competition for higher returns POSCO sells Chinese stainless steel JV to Chinese rival for $300 mn Hahn & Co. to award bonus shares to Namyang staff, retires $7.1 mn in shares