Korea sets Nuri space rocket’s second launch for mid-June

South Korea will make a second attempt to launch its first domestically designed and developed space rocket Nuri in mid-June after an earlier attemp...

S.Korea to support firms to offset damage of Ukraine crisis

South Korea is set to provide financial support of up to $1.7 billion to exporters in a move to minimize the impact of the escalating crisis in Ukra...

BOK sees inflation at 11-year high as oil tops $100 on Ukraine crisis

South Korea’s central bank expects consumer inflation to hit an 11-year high this year as oil prices jumped above the $100 a barrel level for ...

Skincare giant Cosmax adds pet care line

South Korea’s beauty products manufacturer Cosmax Inc. has entered the rapidly growing pet products market.The company specializes in receiv...

Tougher sanctions on Russia put S.Korean exporters on high alert

As the US and its allies are toughening up sanctions against Russia, South Korean exporters of smartphones, home appliances to automobiles are raisi...

Korean shipbuilders set for more orders on Ukraine crisis

South Korea’s shipbuilders are expected to get more orders on the escalating crisis in Ukraine as Europe is diversifying natural gas suppliers...

China’s Geely challenges Hyundai with entry to Korea’s e-truck market

China’s largest privately owned carmaker Zhejiang Geely Holding Group Co. is entering South Korea’s electric truck market to compete wit...

Hanwha Defense secures land for K9 howitzer production in Australia

Hanwha Defense Co. announced Wednesday it has secured a large property in Australia for building a production facility for the K9 Thunder self-prope...

S.Korea to ban execs' post-IPO share sale for certain period

South Korea will introduce an IPO lock-up period for company executives and their top shareholders to ban them from selling the company shares short...

Korea approves Korean Air-Asiana merger; hurdles remain

The proposed merger of Korean Air Lines Co. and Asiana Airlines Inc. has moved one step closer to completion with approval by South Korea’s an...

Korea’s record household debt may hurt consumption

South Korea’s household debt hit a record on surging property prices, stoking concerns over a slowdown in private consumption in Asia’s ...

BlackRock names new head of institutional investment for APAC

BlackRock Inc., the world’s largest asset manager with $10 trillion assets under management, named Hiroyuki Shimizu head of institutional in...

US Novelis to build $53 mn aluminum recycle center in Korea

Novelis Inc., the world’s top aluminum recycler, is set to invest $53 million in another recycling and casting center in South Korea to meet t...

Korea’s trading firms set sights on EV parts production for growth

South Korea’s general trading companies, which usually work as middlemen linking buyers with sellers, are seeking to transform into eco-friend...

Korea Inc. revises business plans as rising oil prices hit economy

South Korean companies are revising their business plans for this year as soaring oil prices slam Asia’s fourth-largest economy. Inflation is ...

South Korea's working young teeter on brink of debt disaster

As the liquidity party is coming to an end, rising interest rates and falling asset values are highlighting concerns about household debt taken on b...

Korea petchem shares shine on China hopes, valuations

South Korean petrochemical companies’ stocks rose as investors bought them at a bargain on expectations for Chinese demand recovery despite ri...

Korea’s record liquidity growth raises inflation, asset prices

South Korea’s money supply increased at the fastest pace in history last year, exceeding liquidity growth in the eurozone, which accelerated i...

Game stocks plunge in S. Korea, US 

Game shares in South Korea and the United States have plunged, hit by worse-than-expected earnings. Online game developers in Korea have also b...

Korea’s Solus supplies battery copper foil to Tesla

South Korea’s Solus Advanced Materials started supplying battery copper foil to Tesla Inc. in January, becoming the country’s first batt...

S. Korea to track engineers' travel to control tech leaks

South Korea will create a roster of engineers in its core business sectors to monitor their travel in and out of the country. The decision aims to...

Korea battery makers at risk from reliance on China materials

South Korea’s secondary battery makers face a risk from heavy reliance on Chinese raw materials, while the industry has sought measures to ens...

Online platforms emerge as new battlefield for auto sales in Korea

Visiting a car dealer’s stylish showroom to touch, feel and sometimes test drive a car before purchase has for decades been a rite of passage ...

KT to join MBK, IMM in Megazone Cloud's $400 mn funding

KT Corp., South Korea's No. 2 telecom operator, has decided to invest 130 billion won ($110 million) in Megazone Cloud Corp., the country's largest ...

Korea’s YNCC shuts petrochem plant after explosion kills four

YEOSU, South Jeolla Province -- Yeochun NCC (YNCC) Co., South Korea’s major petrochemical producer, shut down one of its plants on Friday afte...

Korea’s 2021 current account surplus misses BOK forecast

South Korea’s current account surplus last year missed the central bank’s forecast as higher raw materials prices boosted imports of Asi...

Korea corporate borrowing costs jump to 8-year peaks

South Korean companies suffered from surging financing costs as corporate bond yields shot to eight-year highs. Affiliates of major conglomerates wi...

Singapore approves Korean Air-Asiana combination

Singapore’s antitrust authority approved the integration of Korean Air Lines Co. and Asiana Airlines Inc., paving the way for South Korea&rsqu...

Korea bond yields near four-year highs on extra budget

South Korea’s government bond yields jumped to their highs in almost four years as lawmakers sought to raise a supplementary budget to up to $...

Korea’s reopening stocks shine despite surging Omicron cases

South Korea’s reopening stocks rallied even as the local COVID-19 cases hit record-highs with the spread of the Omicron variant. Investors rai...