South Korea jumps to world’s No. 6 exporter; 2025 outlook dims

South Korea has sharply narrowed the gap in export value with Japan to a record low of $20.2 billion so far this year. But the country’s expor...

Korea’s new acting president assures economy resilient, security tight

South Korea’s new Acting President Choi Sang-mok said on Friday he is confident that the country’s economy is resilient and its national...

South Korea’s Acting President Han impeached; Stocks, won plummet

Han Duck-soo, South Korea’s acting president and prime minister, was impeached in Parliament on Friday amid a deepening political crisis batte...

Korea’s Shinsegae, China’s Alibaba to set up e-commerce joint venture

South Korea’s retail conglomerate Shinsegae Group has joined forces with Chinese online shopping giant Alibaba Group Holding Ltd. to better co...

South Korea mulls visa waiver for Chinese group tourists

South Korea is considering temporary visa exemptions for Chinese group tourists to boost the domestic tourism sector, after being spooked by the bot...

Hahn & Co. buys SK Enpulse’s chip wafer polishing pad business

Seoul-based private equity firm Hahn & Co. has agreed to buy the chemical mechanical polishing (CMP) pads manufacturing division of SK Enpulse C...

Koreans flock to cryptos amid Trump-fueled crypto craze

The number of South Koreans investing in cryptocurrencies recently broke past 15 million — about 30% of the country’s population —...

Korea debt financing faces woes as $34 bn in corporate bonds mature in H1

South Korea’s financial markets will see nearly 50 trillion won ($34 billion) in corporate bonds mature in the first half of next year —...

South Korea becomes super-aged society faster than expected

One in five South Koreans is now 65 years old or older as the Asian country grapples with the demographic challenge of a rapidly aging population an...

Korea’s Naver Pay partners with WeChat Pay for mobile payments in China

South Korean tech giant Naver Corp. said on Tuesday it has partnered with WeChat Pay to offer a Naver Pay mobile pay and digital wallet service usin...

Korea to ease rules for petrochem industry M&As, plant closures

South Korea will ease regulations and offer incentives to facilitate the restructuring of domestic petrochemical makers battling a global suppl...

E-Land manages New Balance’s record $689 mn in Korean sales

South Korea’s retail giant E-Land Group has achieved 1 trillion won ($689 million) in Korean sales of the global sports footwear and apparel b...

Korea to relax FX rules by December to boost dollar selling

South Korea will raise the limits on forward dollar purchases and expand the foreign exchange swap line between the National Pension Service (NPS) a...

Korea Inc. to face refunding risks with record corporate bond maturities

South Korean companies are expected to face refunding risks thanks to record corporate bond maturities in the first half of 2025, as fundraising con...

Kia aims to reclaim Europe with EV2, keeps K4 output unchanged in Mexico

Kia Corp., South Korea’s second-largest carmaker, will start producing its entry-level electrified model EV2 from its plant in Slovakia next y...

M&A deals in South Korea hit 7-year low in 2024

South Korea’s mergers and acquisitions market shrank further in 2024, with leading business groups seeking to unload non-core assets to bolste...

Korea’s Shinsegae chairman dines with Trump at Mar-a-Lago

Chung Yong-jin, the chairman of South Korea’s retail giant Shinsegae Group, held talks with US President-elect Donald Trump, becoming Korea's ...

S.Korea's dawn delivery pioneer Kurly sells luxury goods to uplift profit

Kurly Inc., South Korea's dawn delivery service market pioneer, has invited a third-party online retailer to sell luxury goods on its platform to bo...

South Korea to ease foreign exchange regulations, expand FX swap line

South Korea’s foreign authorities said on Friday they will ease foreign exchange regulations to allow more dollars into the domestic financial...

KEPCO expects all-time high $207 mn in 2024 overseas investment returns

Korea Electric Power Corp. (KEPCO), the state-run utility company, expects to post its highest-ever overseas business performance this year, thanks ...

Korea bags Romanian project to refurbish nuclear reactor

Korea Hydro & Nuclear Power Co. (KHNP) on Thursday inked a final agreement with Romania’s Societatea Nationala Nuclearelectrica (SNN) to r...

MBK, Young Poong close in on majority of Korea Zinc

A consortium of MBK Partners and Young Poong Corp. has raised its stake in Korea Zinc Inc. to 46.7% of voting shares, drawing the group closer to ma...

GIC drops Seoul landmark building sale on Korea’s political woes

Singapore’s GIC Private Ltd., the world’s sixth-largest sovereign wealth fund, dropped the sale of a landmark building in Seoul due to t...

S.Korea's personal mobilities firm GCoo enters Africa

South Korean personal mobility (PM) company Gbike, the operator of PM sharing service platform Gcoo, said on Wednesday it started the electric kick ...

S.Korea’s c.bank chief sees limited impact of political turmoil on economy

South Korea’s central bank chief said on Wednesday the impact of political turmoil caused by martial law on Asia’s fourth-largest econom...

Ruthless Politics of South Korea Is Rooted in Cold-War History

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Foreign workers in S.Korea surpasses 1 million

The number of foreign workers in South Korea has broken past the 1 million mark.According to Statistics Korea on Tuesday, as of May, there were 1.56...

Fried chicken chain bhc to enter Indonesia in 2025

South Korea’s fried chicken brand bhc Group said on Tuesday it signed a master license agreement with Indonesia's Nachindo Group to enter the ...

Leonardo's Coulter named Hanwha Aerospace’s 1st foreign global chief

Hanwha Aerospace Co., a leading South Korean defense company, said on Monday it has hired Michael Coulter, a former senior executive at US-based Ita...

Seoul probes fake online accounts of Hyundai Motor advisor Sung Kim

The Seoul Metropolitan Police Agency has launched an investigation into social media accounts pretending to be Hyundai Motor Group advisor Sung Kim,...