OCI-Hanmi merger to create Korea’s Bayer: OCI Chairman
Merging into one team, OCI Group and Hanmi Pharmaceutical Group will leap forward to be a global novel drug manufacturing and biotechnology innova...
Rise of Korean activist investors at home
As the annual general shareholders’ meeting season is approaching fast, publicly traded companies in South Korea are readying for a swath of p...
Korea’s unicorn startups fly high as IPO plans revived
South Korea’s unicorn startups, or venture firms with a corporate value of at least 1 trillion won ($760 million), are poised to return to the...
Coupang to resume Rocket Delivery for LG H&H; ends 5-year feud
Coupang Inc., South Korea’s leading online retailer, said on Friday it will resume the same or next-day delivery service, dubbed “Rocket...
Foreign-listed bitcoin ETF trading suspended in S.Korea
South Korean investors’ years-long trading of spot-bitcoin exchange-traded funds (ETFs) listed in Canada and Germany was abruptly suspended du...
S.Korea to probe Chinese batteries' alleged patent violations
South Korea will investigate alleged patent infringement by Chinese makers of smartphone batteries and high-nickel cathodes upon requests by LG Chem...
Seoul kicks off Korea Grand Sale 2024 to double foreign tourists
South Korea on Thursday kicked off a push to nearly double the number of foreign tourists visiting the country this year to 20 million by hosting a ...
S.Korea ranks fourth in global mobile app market
The size of the South Korean mobile app market has exceeded 10 trillion won ($761 million).Data.ai, an app market analysis platform, released the 20...
Korea's Cosmax strengthens business in Middle East, Africa
Cosmax Inc., South Korea's largest cosmetics manufacturer specializing in original design manufacturing (ODM), is embarking on a full-scale entry in...
Boryung, Axiom Space launch joint venture in Korea
Boryung Corp., a South Korean healthcare investment company, said on Thursday it has officially launched a joint venture with Axiom Space, a US comm...
Upstage installs Solar in KakaoTalk AI services
South Korea’s artificial intelligence (AI) tech startup Upstage announced on Thursday that its small language model (SLM) Specialized and Opti...
Korea's JLK targets AI-based stroke care market in US
South Korea’s JLK Inc., an AI-based stroke care platform maker, will go all out to build its foothold in the US this year, aiming to lift its ...
S.Korea to mass-produce homegrown fighter jet in 2024
South Korea is set to start mass production of the KF-21, its homegrown supersonic fighter jet, this year for expected deployment of the warplane fo...
South Korea Ban Takes Dog Meat Off the Menu
SEOUL—Dog meat will no longer be allowed in South Korea, capping a decadeslong campaign against a controversial practice that many locals have...
S.Korea’s November travel account deficit doubles vs October
South Korea’s travel account deficit doubled to $1.28 billion in November 2023 compared to the previous month, narrowing the current account s...
South Korean LCCs soar as long-haul carriers struggle
South Korea's low-cost carriers (LCCs) are enjoying a surge in demand as the country emerges from the COVID-19 pandemic, while major carriers are st...
S.Korea needs 35,000 additional foreign workers: study
The South Korean government plans to issue non-professional employment (E-9) visas to 165,000 foreign workers this year. However, claims have arisen...
US tops Korea’s overseas construction orders in 2023
South Korea bagged more than $30 billion in overseas construction orders last year for the fourth consecutive year, mainly driven by a rise in order...
KAIST, MIT jointly open Quantum Winter School
The Korea Advanced Institute of Science and Technology (KAIST) announced on Monday that it is partnering with the Massachusetts Institute of Techn...
Korea’s Hanwha Ocean quits money-losing container shipbuilding business
South Korea’s Hanwha Ocean Co., the world’s third-largest shipbuilder, has decided to exit the money-losing container shipbuilding busin...
S.Korea launches official probe into HSCEI-tied ELS sale
South Korea’s financial authorities have opened an official probe into local banks and securities firms’ potential misselling of equity-...
Asiana, Korea Univ. to jointly attract medical tourism
South Korea's Asiana Airlines Inc. announced on Monday that it has partnered with Korea University Anam Hospital to promote medical tourism. The agr...
Korea’s HMM among shippers benefiting from growing Red Sea crisis
The Red Sea crisis, disrupting the passage of ships through the Suez Canal, a central artery for global trade, is a bane for exporters looking for s...
Korea’s Hancom buys document software firm Clipsoft
Hancom Inc., a homegrown office suite developer in South Korea, said on Friday that it has acquired local business-to-business (B2B) digital documen...
South Korea Boosts Security for Politicians as New Threats of Violence Emerge
SEOUL—South Korea beefed up security for prominent political figures as new threats of violence materialized against top officials, including ...
Korean fried chicken: World's favorite K-food
In 2023, Korean-style fried chicken retained its crown as the most-loved Korean dish among global consumers, marking its fourth consecutive year a...
N.Korea fires more than 200 artillery shells off its west coast
North Korea's military conducted coastal artillery fire in the western part of the country on Friday.The North Korean military fired more than 200 a...
Korean travel agencies enjoy surging overseas trip demand
South Korea’s travel agencies enjoyed strong demand for overseas trips, adding to hopes that their earnings are likely to improve further this...
BMW overtakes Mercedes-Benz as top-selling foreign carmaker in S.Korea
BMW has overtaken Mercedes-Benz in the South Korean market, regaining the top spot in the foreign automobile sales segment for the first time in eig...
Korea’s top regulator detects more foreigners’ naked shorting
South Korea’s top financial regulator is detecting more circumstances of naked short-selling worth tens of millions of dollars by foreign inve...
