Korean bank branch closures accelerate as online deals grow

South Korean banks are accelerating moves to close branches given the growth in digital transactions and decline in offline customers but financial ...

S.Korean refiners’ competition in EV lubricants sector intensifies

Refiners in South Korea are in a race to expand their presence in the electric vehicle lubricants market through overseas production facilities and ...

SK Networks looks to triple operating profit by 2026 with AI

SK Networks Co., a South Korean trading and rental company actively investing in tech firms in recent years, will step up its efforts to transform i...

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...

S.Koreans flock to funds, liquid assets out of term deposits

South Korean companies and households flocked to investment funds and short-term deposits in December last year, pulling out of money market funds a...

Korea's job growth at 10-month high despite weak youth employment

South Korea’s job increases rose for a second straight month to a 10-month high in January thanks to higher employment of the older, although ...

Naver to develop HyperCLOVA X-based edu service

South Korea’s Naver Corp. announced on Friday that its cloud computing unit Naver Cloud, Daekyo, and NSDevil will co-work to develop education...

Genesis G80, GV70 electric models win Canada Car of the Year awards

Hyundai Motor Co. 's premium brand Genesis announced on Friday that its Electrified G80 and Electrified GV70 earned prizes at the 2024 Canadian Ca...

S.Korean used cars flow into Russia via Central Asia

Used cars from South Korea are being funneled into Russia via Kazakhstan and Kyrgyzstan, according to automobile industry sources on Friday. These...

Venture downturn keeps Korean unicorns from acquisitions

South Korean unicorns, or private companies worth $1 billion or more, are increasingly refraining from taking over smaller startups for business exp...

Samsung wins first 2 nm AI chip order from Japan’s PFN; a snub to TSMC

Samsung Electronics Co., the world’s largest memory chipmaker, has won its first 2-nanometer node artificial intelligence chip production cont...

South Korea's car exports to US hit record high in 2023

South Korea’s car exports to the US surged 44.6% on-year to a record high of $32.2 billion in 2023, making up the lion’s share of South ...

Mirae Asset, Bloomberg to team up to develop ETFs

Mirae Asset Global Investments Co., an asset manager under South Korea's financial service giant Mirae Asset Financial Group, will develop exchange-...

Foreign investors net buyers of Korean stocks for 3rd straight month

Foreign investors bought more South Korean stocks and bonds in January, extending their buying spree to three months.The Financial Supervisory Servi...

Nature Republic opens first store at Dubai Mall

South Korean beauty brand Nature Republic announced on Thursday that it opened its first store at Dubai Mall, the largest shopping mall in Dubai, ...

India's love for Korean pizza spurs Gopizza’s global business

South Korea’s Gopizza Inc. opened its 50th branch in India, the world’s most populous country, as the food tech startup aims to attract ...

S.Korean government seeks to lower streaming service rates

The South Korean government is seeking to lower the country’s video streaming service, or over-the-top (OTT) media service, rates as part of i...

T’way, Air Premia to take off with Korean Air-Asiana merger

The proposed 1.8 trillion-won ($1.3 billion) merger between Korean Air Lines Co. and Asiana Airlines Inc. will offer a tailwind to South Korea&rsquo...

What drives opportunity in solar power: NextEnergy Capital

NextEnergy Capital, a leading global fund manager specializing in ground-mounted solar energy, will boost its investments in renewables around the w...

BMW joins other foreign brands’ moves to use domestic car GPS in Korea

German luxury carmaker BMW Group is installing domestic GPS navigation systems in models sold in South Korea, joining other imported car brands&rsqu...

Shortt gets 400 mn views in one year in SE Asian market

Shortt, a South Korean short form content company, announced on Wednesday that it has got a total of 400 million views of its campaigns for South Ko...

KAI to invest $76 mn in unmanned fighter jets

Korea Aerospace Industries Ltd. (KAI) has announced that it plans to invest 102.5 billion won ($76.64 million) in the development of core technologi...

LG Energy to buy more Australian lithium for US EV benefits

LG Energy Solution Ltd., the world’s third-largest electric vehicle (EV) battery maker, said on Wednesday it was set to buy more lithium, a ke...

CJ CheilJedang overseas food sales surpasses domestic market

South Korea's CJ CheilJedang Corp. announced on Tuesday that its overseas food sales surpassed the domestic market in the fourth quarter performan...

Korean stock market volatility up since short-selling ban

The South Korean stock market has seen increased volatility and few rallies over the past three months, in sharp contrast to government hopes that i...

Hyundai Motor to exceed 100 mn cumulative sales in 2024

Hyundai Motor Co. 's cumulative vehicle sales are expected to surpass 100 million units this year since it started 56 years after the launch of car ...

Daewoong gets stem cell facility license in Indonesia

South Korea's Daewoong Pharmaceutical announced on Tuesday that its subsidiary Daewoong Biologics Indonesia has obtained a stem cell Lab Operational...

China’s BYD to enter South Korea’s passenger electric car market

China’s BYD Co., the world’s largest electric vehicle maker, is set to enter South Korea’s passenger EV market, setting off alarm ...

S.Korean companies line up for IPOs as market recovers

South Korean companies are gearing up for listings targeting billions of dollars in market capitalization as the local initial public offering (IPO)...

SK Earthon sells Peru LNG stake for $257 mn to MidOcean

SK Earthon Co., the resources development subsidiary of South Korea’s top energy company SK Innovation Co., sold a stake in Peru LNG Co. LLC f...