Hanwha resumes $10 billion Bismayah new city project in Iraq

Hanwha resumes $10 billion Bismayah new city project in Iraq

South Korea’s Hanwha Corp. is resuming a $10 billion project to build a Bismayah new city in Iraq after a 16-month hiatus as stakeholders see ...

Korea announces measures to upvalue local shares

Korea announces measures to upvalue local shares

The South Korean financial regulator announced basic guidelines under the so-called corporate value-up program on Monday, with measures to boost the...

Korea-led group wins Indonesia's power plant service deal

Korea-led group wins Indonesia's power plant service deal

A consortium led by South Korean companies has bagged 130 billion won ($98 million) worth of an offshore plant service order from Indonesia under a ...

S.Korea’s HD KSOE bags $1.1 bn order to build LNG carriers

S.Korea’s HD KSOE bags $1.1 bn order to build LNG carriers

South Korea’s top shipbuilder HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) said on Monday it has secured a $1.08 billion con...

S.Korea’s foreign currency deposits fall as dollar’s strength seen limited

S.Korea’s foreign currency deposits fall as dollar’s strength seen limited

South Korea’s foreign currency deposits fell for the first time in four months in January as the dollar’s further gains versus the won f...

KEPCO narrows losses with 2nd straight quarterly profit

KEPCO narrows losses with 2nd straight quarterly profit

South Korea’s power utility Korea Electric Power Corp. (KEPCO) on Friday posted its second straight quarterly profit, sharply above market for...

Hanwha Aerospace, home of Korea’s next-generation space industry

Hanwha Aerospace, home of Korea’s next-generation space industry

CHANGWON, South Gyeongsang Province – South Korea’s Hanwha Aerospace Co. aims to establish a foothold in the global rocket industry domi...

Defy convention with long-run plans to upvalue Korean stocks

Defy convention with long-run plans to upvalue Korean stocks

The South Korean stock market has been on an upward swing in recent weeks, with many partly attributing it to President Yoon Suk Yeol’s pledge...

Samsung unveils Galaxy Tab Active5 enterprise version

Samsung unveils Galaxy Tab Active5 enterprise version

Samsung Electronics Co. announced on Friday that its enterprise version of the tablet Galaxy Tab Active5 started to sell on business-to-business (...

S.Korea to up the ante on small modular reactor foundry business

S.Korea to up the ante on small modular reactor foundry business

South Korea will nurture the small modular reactor (SMR) foundry business to revive the country’s nuclear power industry by rolling back the p...

BOK likely to keep base rate unchanged until June: chief

BOK likely to keep base rate unchanged until June: chief

South Korea’s central bank held its policy rate flat at 3.5% for a ninth straight session on Thursday as it was deemed too early for a rate cu...

SK C&C wins Korea’s nod for brain infarct diagnosis AI solution

SK C&C wins Korea’s nod for brain infarct diagnosis AI solution

SK Inc C&C (SK C&C), the information technology service unit of South Korea’s SK Group, said on Thursday it has secured medical device...

Korea’s HL Mando launches auto parts JV with China’s Tianrun

Korea’s HL Mando launches auto parts JV with China’s Tianrun

HL Mando Corp., an electric vehicle and self-driving system developing unit of South Korea’s HL Group, said on Thursday it has launched an aut...

Korea announces 1st local firm to issue multiple voting shares

Korea announces 1st local firm to issue multiple voting shares

South Korea announced on Wednesday that Colosseum Corporation Inc., an artificial intelligence-powered logistics services provider, has become the f...

Korean bakeries with French names outsmart French peers

Korean bakeries with French names outsmart French peers

Paris Baguette and Tous les Jours, South Korea's two largest bakery brands, have been consolidating their positions in the saturated domestic market...

SK Energy, PTC Korea team up for smart plant construction business

SK Energy, PTC Korea team up for smart plant construction business

SK Energy Co., South Korea’s top oil refiner and energy company, said on Wednesday it has teamed up with PTC Korea Co. to jointly enter the gl...

Meta’s Zuckerberg to visit Korea on possible AI partnership

Meta’s Zuckerberg to visit Korea on possible AI partnership

Mark Zuckerberg, chief executive of US tech giant Meta Platforms Inc. plans to visit South Korea later this month and meet key figures including Pre...

LG Electronics to develop hotel-exclusive robots

LG Electronics to develop hotel-exclusive robots

LG Electronics Inc. will develop hospitality robots jointly with South Korea’s luxury hotel chain operator Josun Hotels & Resorts Co. to m...

Hyundai Motor Group in test run of dedicated EV plant in Korea

Hyundai Motor Group in test run of dedicated EV plant in Korea

Hyundai Motor Group, the world’s No. 3 automaker, started a test operation of the first dedicated electric vehicle factory in South Korea to a...

South Korea’s luxury hotels bask in return of tourists post-pandemic

South Korea’s luxury hotels bask in return of tourists post-pandemic

South Korea’s luxury hotels are enjoying the return of tourists following years of COVID-19 restrictions, which significantly hurt their sales...

HMM, Hyundai Glovis aim for car shipping sector as rates jump

HMM, Hyundai Glovis aim for car shipping sector as rates jump

South Korea’s major ocean carriers HMM Co. and Hyundai Glovis Co. aim to take advantage of the booming car shipping business as vehicle freigh...

Series C startup Wefun eyes 2025 IPO in S.Korea

Series C startup Wefun eyes 2025 IPO in S.Korea

Wefun, a Seoul-based startup operating an office maintenance, repair and operation (MRO) platform, plans to go public next year after successfully r...

South Korea tightens export controls to Russia, Belarus

South Korea tightens export controls to Russia, Belarus

South Korea will halt shipments of nearly 700 additional items, including rechargeable batteries, heavy equipment and cars with 2,000 and larger-lit...

India equity funds top overseas stock funds in S.Korea

India equity funds top overseas stock funds in S.Korea

India equity funds registered in South Korea have doubled their investors' wealth over the past five years, luring high-net-worth individuals lookin...

Samsung, LG go head-to-head in washer-dryer combo market

Samsung, LG go head-to-head in washer-dryer combo market

Samsung Electronics Co. and LG Electronics Inc., South Korea’s tech giants, are in cut-throat competition to lead the all-in-one, single-drum,...

S.Korea's EcoPro to seek local talent in Hungary

S.Korea's EcoPro to seek local talent in Hungary

South Korean battery materials manufacturer EcoPro Co. announced on Monday that it partnered with the Debrecen Vocational Training Center in Debrece...

Cooling demand sparks layoffs at Korean spirits importers

Cooling demand sparks layoffs at Korean spirits importers

Dwindling demand for foreign beers and whiskeys in South Korea has led some local liquor importers to let go of some staff, spurring concerns about ...

Global property market plunge hits Korean financial firms

Global property market plunge hits Korean financial firms

South Korean financial service companies are seeing increased losses in global real estate amid the commercial property value plunge and concerns ar...

S.Korea to build new English disclosure system

S.Korea to build new English disclosure system

South Korea’s Financial Supervisory Service (FSS) announced on Feb. 18 that it will broaden the scope of its English electronic disclosure ser...

Fed rate cut hopes spur Koreans’ US Treasury bond buying spree

Fed rate cut hopes spur Koreans’ US Treasury bond buying spree

US Treasury bonds are gaining popularity among retail investors in South Korea amid expectations that the US Federal Reserve will cut interest rates...

Samsung Heavy Industries clinches $635 mn preliminary FLNG deal with African shipowner Gochujang, fiery seasonings: K-sauces go viral among adventurous foreign palates HD Hyundai, India’s Cochin Shipyard to pursue joint shipbuilding orders SK Innovation to restore Vietnam’s mangrove forests in ESG initiative LG Electronics' Q2 profit halves as US tariffs bite