Korea to invest $200 mn in new drugs, vaccines by 2028
South Korea’s health ministry will allocate 261.6 billion won ($200.2 million) for two funds over the next four years to boost private sector ...
Korean ELS investors biting nails over sharp falls in Hong Kong shares
Chinese shares listed on the Hong Kong bourse have fallen sharply so far this year, placing the city’s main stock index, the HSCEI, among the ...
Korea's KDB likely to tap top bidder for HMM in November
Competition to acquire HMM Co., the top container line in South Korea, is intensifying as the bidders are offering almost the same prices for the de...
S.Korea to pour $26 bn in UK’s renewables, infrastructure
South Korea’s sovereign wealth fund, banks and other private sector companies plan to pour £21 billion ($26.3 billion) in renewables, in...
Hyundai Motor signs Korea’s largest PPA deal to go carbon neutral
South Korea’s top automaker Hyundai Motor Co. said on Thursday it has signed a power purchase agreement (PPA) with Hyundai Engineering & C...
S.Korea to develop Batam airport as Indonesia's air hub
BATAM – State-run Incheon International Airport Corp. (IIAC) is accelerating the growth of Hang Nadim International Airport in Batam, Indonesi...
S. Korea’s CU surpasses 500 global stores
South Korean convenience store chain CU announced on Thursday that it surpassed 500 global stores, achieving an annual footfall of 100 million overs...
BP, Corio to invest $1.1 billion in S. Korea as Seoul-London ties deepen
LONDON – British offshore wind power developer Corio Generation and energy giant BP Plc have agreed to invest a combined 1.5 trillion won ($1....
Korean LCCs baffled as Korea-Indonesia aviation talks stall
South Korea’s low-cost carriers (LCCs) may have to shelve plans to launch service to Indonesia after the two countries failed to reach an agre...
Hanwha Systems to launch small SAR satellite by year-end
South Korea's Hanwha Systems Co. announced on Wednesday that it plans to launch its own small synthetic aperture radar (SAR) satellite by the end of...
S.Korea-UK upgrade bilateral ties, sign deals on nuclear plants, chips
LONDON – South Korea and the UK have agreed to upgrade their bilateral relationship and closely cooperate in the defense, security and busines...
North Korea Launches Suspected Spy Satellite After Two Botched Tries
SEOUL—North Korea appeared to launch its homegrown spy satellite late Tuesday, South Korea’s military said, a much-anticipated attempt a...
ADNOC awards steel pipe order contracts to Korea’s SeAH
South Korea’s SeAH Steel Holdings Corp. said on Tuesday it has signed a five-year contract to provide 200,000 tons of steel pipes to Abu Dhabi...
South Korea’s Hankook Tire looks to direct tire sales in Taiwan
Hankook Tire & Technology Co., South Korea’s top tire manufacturer, is launching a local corporation in Taiwan to directly sell tires in t...
Semiconductors likely to lead Korea’s export growth for 2nd month
South Korea’s semiconductor exports accelerated their recovery in the first 20 days of November, data showed on Tuesday, adding to hopes that ...
Beware political risk, No.1 factor in Korea Discount
Corporate governance and management transparency have long been the big issues influencing the so-called Korea Discount, alongside labor strife and ...
Samsung Electronics to up AI chip foundry sales to 50% by 2028
Samsung Electronics Co. plans to up artificial intelligence chip foundry sales to about 50% of its total foundry sales in five years with its advanc...
South Korea lags behind US, China in AI talent pool
South Korea lags far behind advanced countries in nurturing artificial intelligence (AI) talent due to the lack of proper skills development program...
S.Korea sees new record of instant noodle exports
South Korea's exports of ramen exceeded 1 trillion won ($780 million) for the first time. Korean ramen is celebrating its 60th anniversary this year...
LG Elec separates new biz divisions into in-house entities
LG Electronics Inc., the leading global home appliance maker, has actively separated new business organizations into independent in-house entities, ...
Korea Inc.’s dividend repatriation soars on new tax breaks
Major companies in South Korea, such as affiliates of Samsung, LG and Hyundai Motor Group, are bringing larger amounts of capital back home from abr...
Japanese furniture brand Nitori to open first store in Korea
Nitori Co., dubbed Japan's IKEA, is slated to open its first store in South Korea next week, accelerating its Asia-centered expansion push, while su...
Trafigura to invest in S.Korea’s EV cell materials maker
Trafigura, a major global commodity trader, is set to invest in a South Korean electric vehicle battery raw materials manufacturer to take advantage...
Samsung Med. Center achieves Korea's first uterine transplantation
The first successful case of uterine transplantation surgery in Korea has been reported, with the patient currently preparing for pregnancy. Samsung...
S.Korea turns more upbeat about economic recovery
South Korea is more hopeful about a gradual recovery in the economy, driven largely by revived global demand for its mainstay export semiconductors,...
Thematic ETFs in Korea betting on India’s growth boom
South Korean asset managers stand hand in hand with their global peers in betting on India’s bright growth outlook by rolling out India-themed...
Samsung Asset launches 1st Korea-listed ETF in US
Samsung Asset Management Co., South Korea’s largest exchange-traded fund (ETF) manager, has launched an ETF in the US, the first of its kind t...
AI to replace high-paid, highly educated doctors, CPAs: BOK
Artificial intelligence poses the biggest threat to high-paid, highly educated professionals such as medical doctors, accountants and engineering te...
S.Korea's FNS Value to enter Malaysian fintech market
South Korea's FNS Value announced on Thursday a collaboration agreement with the Malaysian big data technology company Big Dataworks. The two compan...
World’s first test driving hydrogen train succeeds in Ulsan
The world's first test driving hydrogen-electric tram succeeded in Ulsan, South Korea. According to Ulsan Metropolitan Government officials, th...
