Mercedes-Benz EV sales tumble in South Korea after fire
German luxury carmaker Mercedes-Benz AG suffered a nosedive in EV sales in South Korea in August after a fire broke out in one of its electric vehic...
S.Korea’s Q2 GDP slows 0.2%, upholds rate cut expectations
South Korea’s economic growth slowed in the second quarter on weaker domestic consumption and investment by private businesses, heightening ex...
Korea Investment Management to launch two India-focused ETFs
Korea Investment Management said on Wednesday it will launch two active exchange-traded funds (ETFs) targeting the Indian market on September 10.The...
LVMH, OpenAI, LG deepen ties with S. Korean startups
South Korean startups and established corporations are seeking to deepen their partnerships to ensure win-win outcomes, by tapping into funds and ot...
August inflation puts BOK under fire for delayed pivot
South Korea’s inflation moderated to the government’s target of 2.0% in August, its slowest increase in three years and five months, put...
South Korea’s exports grow for 11th straight month
South Korea’s exports expanded for an 11th straight month in August on solid demand for semiconductors, smartphones and other goods overseas.E...
Goldman Sachs to sell stake in Korea’s top food ingredient wholesaler
Goldman Sachs is set to sell its stake in South Korea’s leading food ingredient wholesaler in an estimated 120 billion won ($89.4 million) dea...
S.Korean travel retailers face downturn without Chinese big spenders
Before COVID-19 swept the world, South Korea’s top two travel retailers Lotte Duty Free and Shilla Duty Free Shop ascended to the world’...
South Koreans puzzled over rising seaweed prices despite bumper crop
Dried seaweed prices are rising at a fast pace despite handsome growth in production, leaving South Koreans puzzled over what is behind the steep pr...
Korea’s Everland to lure horror fans with Netflix series
Everland, South Korea’s largest theme park, is set to lure horror movie fans at home and abroad with famous fright series such as “Stran...
Toyota chairman to visit Seoul, discuss hydrogen cars with Hyundai’s Chung
Akio Toyoda, chairman of Japan’s top automaker Toyota Motor Corp., will fly to Seoul in late October to meet with Hyundai Motor Group Chairman...
Hyundai unseats Volvo as No. 1 truck brand in Korea
Hyundai Motor Co. has unseated construction truck leader Volvo in South Korea for the first time, driven by its flagship Xcient Pro model that sent ...
LS Electric falls sharply on first day of inclusion in MSCI Korea index
LS Electric Co. plunged more than 9% on Monday, the first day of its inclusion in the Morgan Stanley Capital International (MSCI) Korea Index.On the...
Nongshim to build export-only ramen factory in Korea
South Korea’s instant noodle giant Nongshim Co. will build a local plant dedicated to producing ramen — or ramyun, as the company spells...
Korea’s airlines to use SAF starting from Japan routes
South Korea’s airlines are set to use fuel mixed with sustainable aviation fuel (SAF) for international routes, starting from services to Japa...
Korea Shopping Festa in Vietnam records $12.9 mn in export consultations
The Korean Ministry of SMEs and Startups said on Friday that the "2024 Korea Shopping Festa with Lotte" export consultation event, held in collabo...
Doosan Bobcat scraps merger with Doosan Robotics
Doosan Group on Thursday scrapped a merger between heavy machinery maker Doosan Bobcat Inc. and collaborative robot manufacturer Doosan Robotics Inc...
Hanwha’s heir apparent to unearth new drivers, tighten grip
Hanwha Group has appointed the eldest son of Chairman Kim Seung-youn to lead the investment division of the group’s eco-friendly energy unit i...
Affinity Equity bets big on Korea's car rental market
The car rental business resembles financial services. Buying cars with borrowed money, renting them out and eventually selling them to used car de...
Lotte to hold Korea Shopping Festa in Vietnam
South Korea's Lotte Group holds "2024 Korea Shopping Festa with Lotte" in Hanoi, Vietnam. The group and the Korean Ministry of SMEs and Startup...
1.4 mn foreign tourists visits S.Korea in July
The Korea Tourism Organization (KTO) said on Thursday that the number of foreign tourists visiting South Korea in July was 1.41 million, an increase...
Korea to launch regular K-content festival in June
South Korea plans to host a regular event showcasing its cultural products such as K-pop and foods in June of next year with the goal of making the ...
S.Korean companies fret over Scope 3 disclosure rule
Businesses in South Korea, Asia’s No. 4 economy, are voicing concerns about the government’s plan to mandate companies to disclose their...
Bank of Korea holds rate steady, signals pivot to easing soon
South Korea’s central bank held interest rates steady but cut its inflation and growth forecasts for the year and signaled that it will pivot ...
Korea Investment, Sinar Mas to build data center in Indonesia
Korea Investment Real Asset Management Co. and Indonesian conglomerate Sinar Mas have set up a joint venture to build a hyperscale data center in a ...
BC Card, Uzbekistan to connect payment network
South Korea's BC Card said on Monday that it signed a contract with Uzbekistan's state-run payment operator National Interbank Processing Center (NI...
S.Korea's Asicland establishes Taiwan subsidiary
Asicland Co., South Korea's only design house contracted by TSMC, said on Monday that it launched a local subsidiary in Hsinchu, Taiwan.The Taiwan...
S.Korea's Xingxing to merge Kickgoing
Pump Co., the operator of South Korea's personal mobility (PM) sharing service Xingxing, said on Monday that it will merge with Wololo, the company ...
Korea’s Husteel enjoys surging Saudi Steel Pipe stock prices
South Korean Husteel Co.'s long-term investments in Saudi Steel Pipe Co. are paying off as its share price surges on the back of deals with the king...
Korea’s Tmax Group buys back software developer for $612 mn
South Korea’s Tmax Group bought back the software making unit it had sold to a local private equity firm two years ago to try to boost synergy...
