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S.Korea in March posts first current account surplus in 3 months

S.Korea in March posts first current account surplus in 3 months

South Korea in March posted a current account surplus for the first time this year thanks to a surge in the dividend account that offset continuous ...

S.Korea to apply private advanced tech to military weapons in 5 years

S.Korea to apply private advanced tech to military weapons in 5 years

South Korea has approved a fast-track system that slashes complex administrative procedures for application of private technology to the military&rs...

Terra co-founder Do Kwon’s $177 million assets in Korea under seizure

Terra co-founder Do Kwon’s $177 million assets in Korea under seizure

Terraform Labs co-founder Do Kwon, the mastermind behind the Terra-Luna cryptocurrency collapse, has had most of his assets in South Korea frozen, a...

S.Korea to prop up quantum tech with academia, private sector   

S.Korea to prop up quantum tech with academia, private sector   

South Korea, trailing in the global race for quantum technology, will open a new quantum technology-dedicated graduate school with a consortium led ...

FKI, Keidanren launch fund for Korea-Japan partnerships

FKI, Keidanren launch fund for Korea-Japan partnerships

TOKYO – Major business lobby groups of South Korea and Japan have created a partnership fund of 200 million yen ($1.5 million) to accelerate i...

US eyes new rules for Samsung, SK to bring chip machines to China

US eyes new rules for Samsung, SK to bring chip machines to China

The US government is considering establishing new rules for South Korea’s chipmakers to import advanced equipment to China to upgrade their fa...

KITA hosts K-Product Trade Show & G-Fair in Tokyo

KITA hosts K-Product Trade Show & G-Fair in Tokyo

The Korea International Trade Association (KITA) announced on Wednesday the opening of the "2023 K-Product Trade Show & G-Fair in Tokyo" at the ...

SK Telecom to further develop AI, its growth driver in Q1

SK Telecom to further develop AI, its growth driver in Q1

SK Telecom Co. beat market expectations for its first-quarter earnings thanks to its robust non-telecom businesses and vowed to continue to bolster ...

S.Korea's leading low-cost carrier Jeju Air posts record-high Q1 results

S.Korea's leading low-cost carrier Jeju Air posts record-high Q1 results

South Korea's leading low-cost carrier (LCC) Jeju Air Co. posted record-high performance in the first quarter. Industry analysts say domestic LCCs w...

S.Korea’s chronic disease: Decline in youth employment

S.Korea’s chronic disease: Decline in youth employment

The number of young workers in South Korea fell for a sixth straight month in April to its lowest point in more than two years, deepening concerns t...

Canada's leading coffee brand Tim Hortons to enter S.Korea

Canada's leading coffee brand Tim Hortons to enter S.Korea

Canada's No. 1 coffee chain Tim Hortons unveiled plans on Wednesday to enter South Korea, announcing its intention to open its first flagship store ...

S.Korea to see 240K drop in number of manufacturing workers by 2032

S.Korea to see 240K drop in number of manufacturing workers by 2032

The number of workers in South Korea's manufacturing sector is expected to drop by 240,000 over the next 10 years, a report says, caused by the decl...

Hyundai Motor, Kia to receive 25% tax credit for EV plant spending

Hyundai Motor, Kia to receive 25% tax credit for EV plant spending

ULSAN, South Gyeongsang Province – South Korea’s Hyundai Motor Co. is poised to receive a 25% tax credit for its planned investment in a...

SK Telecom launches Seoul, LA tours in metaverse

SK Telecom launches Seoul, LA tours in metaverse

SK Telecom Co., South Korea's top mobile carrier, said Monday it has created a virtual space of tourist attractions on its metaverse platform Ifland...

Intense competition in S.Korea's LCC sector fuels zero-won tickets

Intense competition in S.Korea's LCC sector fuels zero-won tickets

South Korea's low-cost carriers (LCCs) since last month have waged an intense competition with the recovery of the overseas travel market. They boos...

S.Korea’s beauty brand Laneige enters UK, Middle East market

S.Korea’s beauty brand Laneige enters UK, Middle East market

Amorepacific Corp.'s cosmetic brand Laneige announced on Tuesday that it is accelerating its global business expansion by entering the UK and Middle...

S.Korea's game companies wage intense war in MMORPG sector

S.Korea's game companies wage intense war in MMORPG sector

South Korea's massively multiplayer online role-playing games (MMORPG), a mainstream genre in domestic games, is showing signs of an increasingly he...

Leeum's enduring charm to foreign VIPs

Leeum's enduring charm to foreign VIPs

On a shiny Monday morning, the Leeum, Samsung Museum of Art nestled on the slope of Mt. Namsan in a quiet Hannam neighborhood in Seoul was flanked b...

S.Korea to launch 10 global innovation special zones by 2027

S.Korea to launch 10 global innovation special zones by 2027

South Korean government plans to create ten global innovation special zones by 2027, implementing a negative regulation system for the first time in...

SK Bioscience to produce MSD’s new Ebola vaccine candidate

SK Bioscience to produce MSD’s new Ebola vaccine candidate

SK Bioscience Co., the drug-making unit of South Korea’s SK Group, announced on Monday that it has signed a contract with MSD, a global pharma...

S.Korea's Bertis releases two academic findings at AOHUPO conference

S.Korea's Bertis releases two academic findings at AOHUPO conference

Bertis, South Korean company specializing in the development of proteomics-based precision medicine technology, announced on Monday that it presente...

S.Korea's Air Premia, T'way compete for golden routes to Europe

S.Korea's Air Premia, T'way compete for golden routes to Europe

South Korea's low-cost carriers (LCC) Air Premia and T'way Air Co. are competing to secure "golden routes" to Europe that Korean Air must give up to...

SK Ecoplant to build waste EV battery recycling plant in China

SK Ecoplant to build waste EV battery recycling plant in China

South Korea's SK Ecoplant Co. will build a recycling facility for electric vehicle (EV) waste batteries in the eastern Chinese province of Jiangsu, ...

FDA suspends COVID-19 diagnostic kit of S.Korea’s SD Biosensor

FDA suspends COVID-19 diagnostic kit of S.Korea’s SD Biosensor

The US Food and Drug Administration (FDA) has recommended that consumers discard select models of Pilot COVID-19 self-diagnostic test kits sold on t...

Hanyang, Linde to inject $800 mn for hydrogen cluster in Korea

Hanyang, Linde to inject $800 mn for hydrogen cluster in Korea

Hanyang Corporation Ltd., a South Korean construction firm, will join forces with German industrial gases and engineering company Linde AG to create...

NuScale to build Korea’s first SMR in Uljin, home to native Korean reactors

NuScale to build Korea’s first SMR in Uljin, home to native Korean reactors

NuScale Power Corp. is expected to build its first small modular reactor (SMR) plant in South Korea in Uljin, already home to Korean native nuclear ...

SK Innovation’s battery sales at record high, production yield improved

SK Innovation’s battery sales at record high, production yield improved

SK Innovation Co. said on Thursday its battery affiliate SK On Co. posted record quarterly sales following a facility ramp-up in the US to meet risi...

Samsung, Hyundai, others to use hydrogen buses for commute

Samsung, Hyundai, others to use hydrogen buses for commute

Samsung Electronics Co., Hyundai Motor Co., SK Hynix Inc., POSCO Holdings Inc., SK E&S, POSCO E&C and SK Siltron have agreed to replace thei...

S.Korea's Upstage to add AI chatbot AskUp to Japanese messaging app Line

S.Korea's Upstage to add AI chatbot AskUp to Japanese messaging app Line

South Korea's artificial intelligence (AI) tech company Upstage on Friday said it will install its artificial intelligence (AI) chatbot AskUp on the...

EcoPro BM share drops as falling material costs forecast to hurt revenue

EcoPro BM share drops as falling material costs forecast to hurt revenue

EcoPro BM Co., the top stock on South Korea’s junior bourse Kosdaq, declined on Wednesday as some brokerage houses have downgraded the shares ...

Is chip winter over? Doomsayers gone as Korea’s DRAM exports surge S.Korea to have 1st civilian defense minister in decades, tap career technocrats Fubon Bank expands Korea presence into banking Hana Asset launches ultra-low-fee Nasdaq 100 ETF Even barcodes copied: Counterfeits invasion threatens K-brands

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