SillaJen shares jump as exchange maintains listing, allows resumed trade

Shares in South Korea’s scandal-hit biotechnological company SillaJen Inc. soared on Thursday after the local exchange decided to maintain the...

Japan, Spain firms join forces with Woojin for Korean bullet train bid

A Japanese company and a Spanish firm have joined hands with a South Korean company for a local bullet train supply deal as the country is expected ...

Celltrion wins sales approval for biosimilar Vegzelma in Japan

Celltrion Inc. secured Japan’s approval for sales of its cancer treatment biosimilar CT-P16, a move to help the South Korean biopharmaceutical...

Japan and South Korea leaders meet one-on-one for first time since 2019

The leaders of Japan and South Korea held their first bilateral meeting in nearly three years, another step toward recovery for frayed ties between tw...

ADB cuts Korea’s 2023 growth outlook as trade in deficit for sixth month

The Asian Development Bank (ADB) has slashed its 2023 growth outlook for the South Korean economy, citing daunting global risks, as the country is h...

LG Elec., GS EPS join forces to produce, use solar power in Korea

LG Electronic Inc. is set to produce solar energy to support 10% of the annual electricity consumption at its Changwon plant in South Korea.The firm...

S.Korea's manufacturing sector posts biggest job growth in Aug

South Korea’s manufacturing industry accelerated its job growth in August to post its biggest monthly increase in almost a decade, driven by r...

Disney focuses on local content for global expansion

ANAHEIM, California -- The Walt Disney Co. is concentrating on local content to attract more viewers worldwide for its streaming services through do...

S.Korea in for longest monthly trade deficit spell in 25 yrs

South Korea is poised to report a trade deficit for a sixth straight month in September, which would mark its longest period of trade shortfalls in ...

Hedge funds’ speculative trade blamed for won’s drop: Dealers

Global hedge funds’ bet on further weakness in the won is blamed for the accelerated decline in the South Korean currency value against the do...

S.Korea plans to adopt mandatory pre-disclosure of major insider trading

Executives and major shareholders of South Korea’s listed companies will be obligated to disclose their share transaction plans at least 30 da...

Polo shirts, classic sports fashion sees revival in Asia

Ralph Lauren Corp., the world-renowned fashion firm that features timeless design and a classic sporty style with its trademark Polo brand, is seein...

LG Elec unveils new NFT platform, aims to turn living room into art gallery

LG Electronics Inc. announced Monday it has launched its very own non-fungible token (NFT) platform, LG Art Lab. Now available in the United St...

Samsung leader Lee’s latest role: Special envoy for World Expo 2030 bid

As South Korea is serious about hosting the World Expo 2030, the country’s top business leaders will be given new roles: Leading the governmen...

Korea resolution on US EV incentives passes parliament

South Korea’s lawmakers on Thursday passed a resolution to officially express its concerns over the US Inflation Reduction Act (IRA) that remo...

Precision Biosensor enters Italy with chemical test kits

South Korea’s diagnostic devices supplier Precision Biosensor Inc. has signed an export contract with Italian medical device company Borden Ch...

Korea’s record trade deficit adds to downturn concerns

South Korea logged a record monthly trade deficit in August with the longest spree of shortfalls in more than 14 years, while domestic consumption, ...

South Korean gamers mobilize offline to make their voices heard 

Angered by what they deem to be an unfair rewards system and poor customer service, South Korean players of Kakao Games Corp.’s Japan-created ...

Korea may file complaint with WTO against US' Inflation Reduction Act

The South Korean government is considering filing a complaint with the World Trade Organization (WTO) over the US' new Inflation Reduction Act (IR...

Korea’s mounting trade deficit knocks won to 13-year low

South Korea’s won has hit the weakest level since the 2008-09 global financial crisis on a mounting trade deficit while growing concerns over ...

Korea's SD Biosensor to supply diagnostics kits to Japan in H2

SD Biosensor Inc., South Korea’s leading in-vitro diagnostics company, has signed an agreement to supply its COVID-19 self-test kits and other...

Silicon Valley-based AI startup Allganize revs up to go public in Japan 

Allganize Inc., a Silicon Valley-based artificial intelligence (AI) startup, recently announced the company will relocate some of its headquarters f...

Korea trade deficit jumps as chip exports fall on Aug. 1-10

South Korea suffered from a larger trade deficit in the first 10 days of the month as semiconductor exports declined on weaker demand for memory chi...

Home decoration app O!House launches a beta version in Japan

“Even though different countries have varying living conditions, we all share the common goal of decorating our spaces,” Jay Lee, CEO of...

Japan’s multifamily assets shine amid market volatility: Savills IM

Multifamily assets have been a key investment target due to their resilience amid economic volatility. Japan, with the largest real estate market in...

Korea’s minimum wage to exceed Japan’s due to forex

TOKYO – South Korea’s minimum wage per hour is poised to exceed Japan’s for the first time as early as this October.A subcommittee...

South Korea’s top general trading giants embrace rising raw materials costs

Back in the 1970s and 80s, general trading companies were the vanguards of South Korea’s exports. Daewoo International Corp., LG Internat...

Seoul suspends new antitrust bill on trade conflict fears

South Korea has postponed the introduction of a new law aimed at expanding its authority beyond Korean entrepreneurs, people familiar with the matte...

Hyundai IONIQ 5 ahead of Volkswagen in German review

Hyundai Motor Co.’s all-electric IONIQ 5 crossover beat two competing models from Volkswagen and Swedish carmaker Polestar in a comparative as...

S.Korean startup Time Percent gives power to digital asset investors 

South Korean startup Time Percent Corp. was founded a year ago with the specific goal of giving power to the investors of digital assets, rather tha...