South Korea’s FSC faces closure in reform after 17 years

South Korea’s top financial regulator, the Financial Services Commission (FSC), is poised to be written into history after 17 years, as the go...

S.Korea seeks to join Japan-led CPTPP economic alliance amid Trump-era tariff risks

South Korea is seeking to join a 12-member multilateral economic and trade alliance led by Japan to hedge against intensifying US-China rivalry and ...

South Korea’s Hanwha bets big on Europe with Polish missile venture

South Korea’s Hanwha Group has deepened its European push by sealing a deal to build a joint venture in Poland to produce guided missiles, the...

South Korea revises up Q2 GDP to 0.7% on stronger exports

South Korea’s economy grew faster than initially estimated in the second quarter, helped by stronger exports and firmer construction investmen...

KPop Demon Hunters puts traditional Korean body scrub on tourist to-do list

The global success of the animated film KPop Demon Hunters has spilled over into traditional Korean spa culture: exfoliation treatments offered in p...

Overseas equity boom lifts foreign currency deposits to record levels in South Korea

South Korea’s securities firms are sitting on record levels of foreign currency deposits as retail investors pile into overseas securities, pr...

World’s top alternative investor Blackstone acquires Korea’s Juno Hair in $590 mn deal

US-based global private equity firm Blackstone Inc. has acquired Juno Hair, South Korea’s largest premium hair salon chain, in a deal that val...

Pantheon taps Korean investors for $4 billion infrastructure fund

Pantheon, a London-headquartered leading global private markets investor, has kicked off a $4 billion fundraising round for its latest global infras...

S.Korea’s US exports tumble in August as tariff shocks set in

South Korea’s exports to the US, one of its largest export destinations, fell by double digits in August, the first such decline since the hei...

Tesla fuels 55% surge in Korea’s online car sales, lifting e-commerce

South Korea’s online car sales surged more than 50% year over year in July, driven by the arrival of new electric car models from foreign bran...

Shinhan Financial bets on stablecoins, AI in digital overhaul  

Shinhan Financial Group Co., South Korea’s largest financial firm, is stepping up efforts to integrate stablecoins and artificial intelligence...

Chinese milk tea brand Chagee to enter South Korea through JV

Chagee, one of the largest milk tea brands in China, is set to make inroads into South Korea through a joint venture (JV) with a local partner to ta...

South Korea eyes record 8.1% budget hike with big AI push

South Korea’s government on Friday unveiled its largest-ever budget increase, pledging to ramp up spending on technology and social programs t...

Skincare tops foreign medical tourism in Korea, even for Kim Kardashian

Kim Kardashian, one of the world’s most influential celebrities with 350 million Instagram followers, recently shared her skincare experience ...

N.Korea’s Kim Jong Un to debut on multilateral diplomatic stage in China; summit with Xi, Putin likely

North Korean leader Kim Jong Un will make a rare trip abroad next week to attend China’s military parade celebrating the 80th anniversary of t...

S.Korea-US summit yields no joint statement amid split on auto tariffs, MFN status

WASHINGTON D.C. – South Korean President Lee Jae Myung’s first bilateral meeting with US counterpart Donald Trump ended in a cordial atm...

Bank of Korea nudges up 2025 growth outlook to 0.9% as stimulus cushions slowdown

The Bank of Korea has slightly raised its growth forecast for this year, citing the effects of the government’s extra fiscal stimulus, but war...

Hanwha raises bet on MASGA with $5 bn investment in Philly Shipyard

Hanwha Group will expand its shipbuilding capacity in the US far beyond earlier plans with a $5 billion investment in Hanwha Philly Shipyard as Seou...

S.Korea, US affirm partnership to usher in US shipbuilding, manufacturing renaissance

WASHINGTON, D.C. -- South Korean President Lee Jae Myung on Monday reaffirmed Seoul's commitment to partner with Washington to revive the US manufac...

S.Korea’s Lee signals end to ‘security with US, economy with China’ policy; to hike defense costs

WASHINGTON, D.C. – South Korean President Lee Jae Myung said on Monday that Seoul can no longer maintain its decades-old strategy of relying o...

Jeju Dream Tower poised to dethrone Paradise as Korea’s top casino in 2025

Jeju Dream Tower Casino, operated by South Korea’s major tourism and leisure company, Lotte Tour Development Co., is on track to snatch the cr...

Korea Inc pledges $150 bn US investment; KAL buys new planes, Samsung, Hyundai Motor vow extra spending

WASHINGTON, D.C. – South Korea’s biggest conglomerates have committed $150 billion in fresh investment in the US in a sweeping package t...

HD Hyundai Robotics to raise $144.3 mn to bolster AI-powered robots

HD Hyundai Robotics Co., an industrial robot producer under South Korea’s shipbuilding and machinery giant HD Hyundai Co., will raise 200 bill...

S.Korea passes tougher corporate law reform, adopts cumulative voting

South Korea’s National Assembly on Monday passed an amendment to the Commercial Act designed to give minority shareholders greater sway in pro...

Korea passes controversial ‘Yellow Envelope Act,’ inviting backlash from employers, foreign firms

South Korea’s Parliament has approved sweeping labor reforms known as the “Yellow Envelope Act,” prompting a fierce backlash ...

S.Korea’s Lee heads to high-stakes summit with Trump after closing ranks with Ishiba

South Korean President Lee Jae Myung is flying to Washington after a high-profile visit to Tokyo, where he sought to repair ties with Japan ahead of...

S.Korea cuts growth outlook to 0.9%, banks on AI to reignite economy

South Korea’s government cut its 2025 economic growth forecast in half from its earlier expectation, saying the economy will expand just 0.9% ...

South Korea’s president to visit US with 15 business leaders after Japan

South Korea’s President Lee Jae Myung will travel to Japan and the US starting on Aug. 23, accompanied by 15 business leaders from the country...

Korea tightens curbs on foreign homebuyers with new permit system amid speculation fears

South Korea will impose sweeping restrictions on foreign property transactions across the Seoul Metropolitan Area, citing concerns over speculative ...

KHNP in joint venture talks with Westinghouse to target US nuclear market

South Korea's state-run Korea Hydro & Nuclear Power Co. (KHNP) is in talks with Westinghouse Electric Co. to form a joint venture (JV) with an a...