Korea's domestic jet fighter KF-21 completes first flight test
KF-21 Boramae, South Korea’s first advanced supersonic jet fighter, successfully completed its first flight test on Tuesday more than six year...
Yellen calls for trade overhaul to diversify from China
SEOUL—Treasury Secretary Janet Yellen called for a reorientation of the world’s trading practices in the wake of Russia’s invasion...
South Korea to cut red tape, raise student quota to grow chip talent
South Korea, home to the world’s two largest memory chipmakers, said on Tuesday it will cut administrative red tape and ease the restrictive s...
KB Asset aims for first IPO of Korea's homegrown infrastructure fund
South Korea’s KB Asset Management Co. is set to list its Balhae Infrastructure Fund (Balhae) on the country’s main bourse Kospi in the s...
S.Korea’s 5G, cryptography likely to be adopted as global standards
South Korea’s five technologies on 5G mobile networks, cloud computing and cryptography have been preliminarily chosen as global standards, a ...
Pfizer Korea HQ sale falls through on investors' tepid interest
South Korea’s GRE Partners Asset Management Co. a real estate investment firm, has recently suspended the selling process for Pfizer Pharmaceu...
Korea to raise cash support on foreign investments in key sectors
South Korea plans to spend more cash on attracting foreign investments in high-tech and core supply chain industries as foreign direct investment to...
SK Telecom to take lead in UAM biz with telco know-how
BUSAN -- South Korea’s top mobile carrier SK Telecom Co. aims to dominate the urban air mobility market based on its expertise and know-how in...
Affirma’s bolt-on M&A strategy shines in S.Korea
Affirma Capital is a small player in South Korea’s private equity market, but its successful bolt-on strategy helps the mid-cap-focused invest...
Korea’s battery recycling company SebitChem seeks IPO
SebitChem Co., South Korea’s secondary battery recycling company, is seeking an initial public offering, taking advantage of investors’ ...
South Korea’s Mirae Asset Group bets $100 million on SpaceX
Mirae Asset Securities Co. is poised to invest $100 million in US spacecraft and satellite communication corporation SpaceX. The South Korean f...
Korea’s Cosmax to shut Ohio plant to cut losses; shares up
Cosmax Inc., a major South Korean original design manufacturer (ODM) for L'Oréal and other global cosmetics giants, plans to shut its loss-ma...
Korea’s HMM to invest $11 bn in ships, eco-friendly fuels
South Korea’s largest container line HMM Co. is set to spend 15 trillion won ($11.4 billion) by 2026 to diversify business amid the volatility...
South Korea’s alternative meat startups get VCs salivating
In South Korea, the list of early stage startups that garnered more than 5 billion won ($3.8 million) in the last 12 months looks slightly different...
Hyundai Elevator aims to more than double sales by 2030
CHUNGJU, North Chungcheong Province -- Hyundai Elevator Co., South Korea’s top elevator maker, aims to more than double its sales in the next ...
Korea's top refiners likely to see strong 2022 despite tax concerns
South Korea's oil refining margin, a key indicator of refiners' profitability, dropped below $20 over the past month amid global recession fears. Ho...
BOK delivers first-ever 50-bp hike to curb inflation
South Korea’s central bank on Wednesday took the most aggressive measure with a 50-basis-point policy interest rate hike for the first time in...
The case for improved Seoul-Tokyo relations
Unlike the West or China, which showed vastly different reactions, most South Koreans had a more complicated initial response to the news of forme...
Hyundai Motor to build 1st Korea plant in 29 years
Hyundai Motor Co., South Korea’s top automaker, is set to build a domestic electric vehicle plant in its first local production investment i...
Korean exporters fret over looming labor strife at Long Beach, Hamburg
South Korea’s major companies are anxious about looming labor strife at the Port of Long Beach, California and strikes at German ports –...
Korea Zinc buys US e-waste recycling firm for $332 mn
Korea Zinc, the world’s largest lead and zinc smelter, agreed to buy a majority stake in a US-based electronic waste recycling company for $33...
Sell Korea intensifies as foreigners dump bonds for 1st time in 18 months
A selloff in risk assets in South Korea is intensifying as foreigners turned net sellers of Korean bonds for the first time in 18 months in June whi...
South Korea’s unicorn startups, including Viva Republica, delay IPOs
South Korean startups that exceed $1 billion in valuations, known as unicorns, are pushing back their initial public offering (IPO) dates.The move c...
Samsung Elec. to launch Korea's first dual SIM smartphones in August
Samsung Electronics Co. is slated to enable embedded subscriber identity modules (eSIMs) into its new foldable smartphones available in South Korea ...
Korea, game developers in tug of war over P2E genre
A battle over play-to-earn (P2E) games in South Korea between the government and the industry has yet to show any signs of abating as the authority ...
South Korea’s merch-producing platforms target influencers
Digital content creators in South Korea – YouTube partners, Tiktok creators and webtoon writers – are no longer relying solely on subscr...
Hyundai Motor raises N.America workforce, cuts China staff
Hyundai Motor Co., South Korea’s top automaker, ramped up its workforce in North America by more than 50% last year where its presence is grow...
Korea hydrogen council launches $382 mn fund
The Korea H2 Business Summit, a business council established by South Korea’s leading conglomerates to invest in the hydrogen industry, launch...
Korea faces risk from record $114 bn in inventory assets
South Korea’s major listed companies held record inventory assets as they piled up raw materials to deal with the global supply chain disrupti...
Biden and leaders of Japan and South Korea pledge greater cooperation
President Biden met with the heads of Japan and South Korea—the first such gathering between the three countries’ leaders in nearly five...
