Kia America’s new normal: Record car sales month after month

Kia Corp., South Korea’s second-largest automaker, has been dismissed as the weaker sibling or smaller sister firm of Hyundai Motor Co., the c...

Korea’s duty-free sales skid despite China border reopening

South Korea’s duty-free shops suffered a sharp decline in sales in June, when the number of Chinese visitors jumped more than three times that...

SK C&C begins to construct S.Korea's first ATS

SK C&C, an information and communications technology affiliate of South Korea’s SK Group announced on Wednesday it has started constructio...

Westinghouse, KHNP seek licensing dispute arbitration

Korea Hydro & Nuclear Power Co. (KHNP) and Westinghouse Electric Corp. have taken their almost one-year dispute over South Korea’s nuclear...

Korea exports down the most in 3 years; BOK may keep rates

South Korea’s exports declined at their steepest pace in more than three years last month, data showed on Tuesday, adding to expectations that...

S.Korea’s overseas online shopping surpasses $1.3 bn in Q2 2023

South Korea's overseas online shopping through Chinese malls in the second quarter of this year has more than doubled compared to a year ago. Accor...

China sets up battery JVs with S.Korea to bypass IRA

Chinese battery materials suppliers are rushing to expand their production bases in South Korea, mainly in partnership with domestic companies.Such ...

S.Korea sees fever for luxury goods wane in post-COVID-19 era

South Korea is seeing a gradual decline in the open run, or the practice of customers standing in line before a brand's opening at a department stor...

Korea's HD KSOE to buy 35% stake in marine engine maker STX

HD Korea Shipbuilding & Offshore Engineering Co. (KSOE) is slated to acquire STX Heavy Industries Co. to make large engines for small-to-mid-siz...

Cosmetics giant Amorepacific hints at succession plan change

South Korean cosmetics powerhouse Amorepacific Group Inc. is giving signs of changing its succession plans as Suh Min-jung, Chairman Suh Kyung-bae&r...

Fractional investing to gain traction in Korea with green light from FSC

Come September, South Korean investors will be able to freely and safely buy and sell fractions of artwork and even live cows just as they do with t...

Battery recycling firms aim for 90% lithium recovery rates

A growing number of South Korean companies – from battery materials makers to power facilities builders – are jumping into the waste bat...

Dior opens 2023 FW pop-up store in Galleria

South Korea’s Galleria Department Store has opened the first domestic Dior FW (fall/winter) collection pop-up store.The company on Sunday said...

Some 100 foreign housekeepers to enter S.Korea in 2023

About 100 Philippine housekeepers will come to work in South Korea this year under a pilot public project to raise the birth rate by reducing the ho...

Doosan secures $392 mn in cumulative PFC orders

South Korea's Doosan Corp. announced on Monday that it has accumulated 500 billion won ($392 million) in orders for its patterned flat cable (PFC), ...

Hyundai, Kia firm up ranking as world's 3rd; first-half profits improve

South Korea’s top automaker Hyundai Motor Group solidified its position as the world’s third-largest carmaker with improved profit margi...

S.Korea's top four accounting firms to cut hiring 30%

South Korea's top four accounting firms -- Samil PwC, Samjong KPMG, Deloitte Anjin and EY Hanyoung -- are expected to cut hiring this year more than...

S.Korea's HD Hyundai chairman: We can’t rely on bad profits

Kwon Oh-gap, chairman and co-CEO of South Korea's HD Hyundai Co., has ordered his company not to rely on “bad profits” gained from tempo...

Volvo tops S.Koreans’ favorite foreign car survey list for service

Sweden's Volvo offers the best after-sales service among imported automobile dealers in South Korea, while locals drivers are disappointed by the cu...

Goyard bags high on SE Asians’ shopping list in S.Korea

Goyard outlets in Seoul bustled with shoppers on Friday, especially from Southeast Asia, looking for the French luxury brand’s popular bags: G...

N.Korea's GNI lower than S.Korea's minimum monthly wage in 2022

It is estimated that North Korea's economic growth rate recorded -0.2% last year. This marks the third consecutive year of negative growth since the...

Hyundai, Kia deploy CO2 emission monitor system for cooperative firms

South Korea's Hyundai Motor Co. and Kia Corp. revealed on Friday their AI-integrated, blockchain-enabled Supplier CO2 Emission Monitoring System (SC...

S.Korea in June sets post-COVID-19 monthly high in foreign visitors

The (South) Korea Tourism Organization (KTO) on Friday said 961,000 foreign visitors came to the country last month, a 321.9% jump from June last ye...

Hanwha Group puts savings bank on market, a clear succession path

Hanwha Group, South Korea’s chemicals-to-defense conglomerate, has put its non-core financial unit Hanwha Savings Bank up for sale, in a move ...

Samyang’s Hot Chicken Flavor Ramen sales exceed 5 bn

South Korea's Samyang Foods Co. announced on Friday that the cumulative sales of ramen with its Hot Chicken Flavor Ramen, or Buldak-bokkeum-myeon br...

S.Korea’s aid service Boram Group enters companion animal market

South Korea’s Boram Group, whose main affiliate is an aid company, has entered the companion animal market.  Affiliates Boram Sangjo and ...

LG Energy lifts sales guidance; Samsung SDI sees firm growth

South Korean electric vehicle battery maker are offered upbeat market outlooks, gaining structural growth momentum through strong competitiveness wi...

Kia revises up 2023 OP target after record Q2 earnings, to expedite EV push  

Kia Corp. has revised upwards its operating profit target for this year to up to 12 trillion won ($9.4 billion) after reporting its best-ever quarte...

Macquarie seeks to sell off Korea’s tank terminal operator

Macquarie Korea Asset Management seeks to sell off a Korea tank terminal operator six years after the acquisition, at around 400 billion won ($314.8...

S.Korea's shipbuilders near $9.4 bn in LNG carrier orders from Qatar

South Korea's top three shipbuilders -- HD Hyundai Heavy Industries Co., Hanwha Ocean Co. and Samsung Heavy Industries -- as early as September wi...