Survey reveals consumer preference for hybrid cars over pure EVs
Although global automakers are ramping up efforts to increase sales of pure electric vehicles (EVs), hybrid models remain the preferred choice among...
Kakao Pay joins MSCI Korea Index
Kakao Pay Corp., the mobile payment arm of South Korean tech firm Kakao Corp., has been added to the Morgan Stanley Capital International (MSCI) Kor...
S.Korea doubles undocumented overseas remittance limit to $100,000
South Korea as early as June will double its annual limit on overseas remittance without evidential documents from $50,000 to $100,000.The Ministry ...
S.Korea game sector remains in dark after poor earnings
South Korea’s game publishers reported dismal quarterly earnings, deepening concerns over their outlook this year amid doubts over measures su...
Electric vehicles in S.Korea beat diesel cars in sales
Sales of electric vehicles (EVs) in South Korea last year including hybrids surpassed those of diesel cars for the first time due to the price of di...
S.Korea's banks see deposits plummet $35.5 billion in Jan
Banks in South Korea last month saw deposits plummet over 45 trillion won ($35.5 billion) from the previous month due to a decline in deposit intere...
KCC launches Korea’s first organic water-based fire-resistant paint
South Korea's chemical and auto parts manufacturer KCC Corp. said on Thursday that it has launched the Firemask AQ Series, the first organic water-b...
S.Korea’s love of luxury ushers in 3rd wave of bling boom
Global luxury brands from Louis Vuitton to Chanel and Thom Browne are readying themselves for a third wave of the luxury boom in South Korea, where ...
S.Korea to fine German carmakers for alleged R&D collusion
South Korea’s antitrust body has preliminarily decided to impose a combined fine of 42.3 billion won ($33.5 million) on four German automakers...
S.Korean firms showcase hydrogen offerings in United States
South Korean energy ministry and major Korean companies including Hyundai Motor Co., SK E&S, and Korea Zinc Co. participated in the Hydrogen &am...
S.Korea's Lunit supplies breast cancer imaging solution to UAE
South Korean medical AI company Lunit has supplied its breast cancer imaging analysis solution — Agfa HealthCare Enterprise Imaging — to...
Philip Morris aims to top Korea's heated-tobacco market with Iluma
Philip Morris International Inc., a major US tobacco maker, aims to regain the throne in South Korea's competitive heat-not-burn cigarette market wi...
Shinhan Financial returns to top in Korea with record NP in 2022
Shinhan Financial Group Co. reported a record-high net profit of 4.6 trillion won ($3.6 billion) last year, snatching back the crown of South Korea&...
Binance acquires majority stake in S.Korea's crypto exchange Gopax
Binance, the leading cryptocurrency exchange globally, has acquired a majority stake in South Korea's Gopax by purchasing CEO Lee Joon-haeng's 41.2%...
Chanel Korea to power its stores with renewable energy
Chanel Korea has taken a step toward reducing its carbon footprint by signing a memorandum of understanding (MOU) with Korea East-West Power. The ag...
Individual investors in S.Korea betting on stock market's decline
Despite South Korea's Kosdaq stock market growing this month following the "January rally," individual investors in the country are still betting on...
S.Korea's InnoGene sets its public offering price at 3,000 won
InnoGene, which is seeking to be listed on the Kosdaq market at the end of this month, said on Wednesday that it has confirmed its offering price at...
Korea returns to current account surplus in Dec but faces export slump
South Korea’s current account balance returned to the black in December from the previous month mainly thanks to gains in dividend payments bu...
Korea EV battery makers lose market share against Chinese rivals
South Korean electric vehicle cell makers lost a market share against Chinese competitors last year as they failed to fully benefit from a surge in ...
FKI to be more open, future-minded and international as part of reform
South Korea’s major business lobby group the Federation of Korean Industries (FKI) will become a more open and future-oriented business group ...
Hyundai Card to provide Apple Pay in South Korea
Apple and Hyundai Card on Wednesday officially announced the launch of the simple payment service Apple Pay in South Korea.The American tech giant s...
Korea seeks legal system for independent equity research firms
South Korea is set to establish a legal system for independent equity research providers this year to protect individual investors, who could be dam...
Ukraine War Drives Rapid Growth in South Korea’s Arms Exports
SEOUL—The Ukraine war has fueled rapid growth in South Korea’s arms exports as countries supporting Kyiv turn to Seoul to replenish thei...
Low-cost carriers in S.Korea returning to profitability
South Korea's low-cost carriers (LCC) Jeju Air Co. and Jin Air in the fourth quarter last year each earned operating profit for the first time since...
Korea refiners swing to Q4 loss amid windfall tax calls
South Korean refiners such as SK Innovation Co. and S-Oil Corp. are estimated to incur a combined loss of over 1 trillion won ($800 million) in the ...
K-pop pioneer SM engulfed in management dispute
Kakao Corp., South Korea’s mobile platform giant and operator of the country’s top messenger app Kakao Talk, is set to become the second...
S.Korea to allow offshore investors to directly trade won
South Korea is set to allow offshore investors to directly trade the won and extend the operating hours of the local currency market from July next ...
South Korea's SK Ecoplant localizes core tech to make ultrapure water
South Korea's SK Ecoplant Co. is expanding its portfolio in the water industry through localizing core technology to produce ultrapure water (UPW), ...
Galleria Dept. Store's sales from foreigners increase 500% for past 6 months
South Korea's department store group Galleria Department Store said on Tuesday that for the past six months (between August last year and January th...
Korea's growing ETF market sees net assets jump $5.9 billion in Jan
The net assets and trading volume of South Korea's exchange-traded funds (ETFs) this year have seen major growth.The Korea Exchange on Monday said t...
