Korea Economy

South Korea has secured its most significant nuclear export deal in over a decade, as a consortium led by Korea Hydro & Nuclear Power (KHNP) cli...

Chinese e-commerce players’ rapid expansion into the South Korean online retail market is losing steam as their bang-for-the-buck products hav...

Lee Jae-myung was formally sworn in as South Korea’s new president on Wednesday, pledging to unite a divided nation, revitalize the economy an...

South Korea has imported crude oil from Canada for the first time amid escalating tariff tensions between the US and Canada since Donald Trump's ret...

South Korea’s central bank is cautious about non-banks and fintech firms issuing and handling stablecoins amid a global cryptocurrency rally, ...

South Korea has officially cleared the way for low-earth orbit (LEO) satellite internet services, granting regulatory approval for SpaceX’s St...

Korea Post will commit $150 million to one or two global asset managers for mid-cap infrastructure equity investments, the postal service agency sai...

South Korea’s startup M&A winter has deepened as once major investors like conglomerates are prioritizing restructuring over expansion, ch...

Bang Si-hyuk, founder and chairman of HYBE Co., the South Korean entertainment giant behind K-pop global sensation BTS, could face investigation by ...

South Korean shipbuilding conglomerate HD Hyundai Group has joined South Korea’s elite club of conglomerates with a market capitalization exce...

South Korea’s leading telecommunications service provider KT Corp. said on Tuesday it has signed a 130 billion won ($95 million) strategic par...

Celltrion Inc., South Korea’s largest biosimilar developer, will issue bonus shares to bolster its stock performance, which has been in the do...

A surge in orders from Samsung Biologics Co., the world’s largest contract drugmaker, has propelled South Korea to the forefront of global rev...

OpenAI Inc., the creator of generative AI ChatGPT, has established a legal entity in South Korea, which has the largest number of paying ChatGPT sub...

South Korea’s largest institutional investor, the National Pension Service (NPS), remains a strong backer of the country’s top four fina...

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Samsung Group is stepping up efforts to venture into the space infrastructure industry, a sector analysts say remains a blue ocean where South Korea...

Despite mounting economic headwinds and heightened investor caution, the prime office market in Seoul posted a modest recovery in the first quarter,...

South Korea’s cryptocurrency market surged to nearly 108 trillion won ($77.5 billion) in the second half of last year, fueled by growing retai...

Lunit Inc., a South Korean AI-powered cancer diagnostics company, said on Monday that more than 200 healthcare institutions across the US have now a...

South Korea has suspended chicken imports from Brazil following the outbreak of highly pathogenic avian influenza (HPAI) in the South American count...

Bain Capital LP has offloaded a 6% stake in South Korean medical aesthetics company Classys Inc. through a block trade, raising 228 billion won ($16...

As beauty-conscious tourists continue to flock to Seoul’s clinics, South Korea’s aesthetic medicine sector may be entering a golden era,...

Naver Corp., South Korea’s top internet portal operator, plans to set up a dedicated venture capital arm in Silicon Valley in a move seen as a...

TeraView Ltd., a UK semiconductor inspection device maker, is aiming to list on South Korea’s Kosdaq market in the second half of this year, i...

The global appetite for Korean beauty products shows no sign of slowing, with their exports in April surging 20% year on year to a record high, ev...

Greystar Real Estate Partners, the largest housing investment firm in the US, has hired Kang Junghwan, former managing director and head of portfoli...

Rznomics Inc., a South Korean RNA therapeutics developer, has signed an agreement worth more than $1.3 billion with US pharmaceutical giant Eli Lill...

South Korea’s Ministry of Science and ICT on Thursday announced that it has selected 10 startups founded by Koreans in a program to support th...

BUSAN – On a sunny May morning in Busan’s Yeongdo shipyard, the clang of steel and the rhythmic pounding of welders was telling the new ...