S.Korea in for longest monthly trade deficit spell in 25 yrs
South Korea is poised to report a trade deficit for a sixth straight month in September, which would mark its longest period of trade shortfalls in ...
LG Energy, KT join KED’s top 30 Korean innovator list
KT Corp. and Studio Dragon Corp. have joined the ranks of South Korea’s most innovative companies thanks to their creation of cultural produ...
Hedge funds’ speculative trade blamed for won’s drop: Dealers
Global hedge funds’ bet on further weakness in the won is blamed for the accelerated decline in the South Korean currency value against the do...
S.Korea plans to adopt mandatory pre-disclosure of major insider trading
Executives and major shareholders of South Korea’s listed companies will be obligated to disclose their share transaction plans at least 30 da...
Hanjin KAL loses one-third of value as management issues fade
Shares in South Korea’s Hanjin KAL Co. have wiped out one-third of its value in the past two weeks after one of its major shareholders, once a...
Gucci to hold Alessandro Michele-directed show at Korean royal palace
Italian luxury fashion house Gucci will hold a fashion show choreographed by its famous creative director Alessandro Michele at a South Korean royal...
Korean grocery delivery platform Oasis starts IPO process
South Korea’s grocery delivery platform Oasis Corp. filed for preliminary IPO screening to Korea Exchange on Sept. 7. The firm is aiming to li...
DB HiTek develops automotive power semiconductor tech
DB HiTek Co., South Korea’s major foundry chipmaker, developed the automotive power semiconductor process technology to meet the increasing de...
Kolmar Korea to enter $22 billion UAE Halal cosmetics market
Kolmar Korea Co., a supplier to global cosmetics brands such as Estee Lauder, is set to enter the 30 trillion won ($22 billion) Halal beauty market ...
DRX aims to be first Korean e-sports firm to go public with 2024 IPO
South Korea’s e-sports company DRX is aiming to become the first e-sports firm to list on the secondary bourse Kosdaq with its planned 2024 IP...
Broadcom not to force S.Korean tech companies on deals
US chipmaker Broadcom Inc. has pledged to cease putting undue pressure on Samsung Electronics Co. and other South Korean tech companies to sign deal...
Hancom to focus on cloud computing and AI services
South Korea’s homegrown software giant Hangul and Computer Group, also known as Hancom Inc. Group, is slated to transform itself into a cloud ...
Daewoo, Samsung bag $2.3 bn LNG ship order
Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. secured LNG ship orders worth a combined 3.2 trillion won ($2.3 bi...
Korean shipbuilders yield No.1 spot to Chinese rivals
South Korean shipbuilders yielded their No. 1 position to Chinese rivals in August, according to Clarkson Research on Tuesday, as they shifted towar...
Polo shirts, classic sports fashion sees revival in Asia
Ralph Lauren Corp., the world-renowned fashion firm that features timeless design and a classic sporty style with its trademark Polo brand, is seein...
Samsung C&T ties up with Korean firms for hydrogen biz
Samsung C&T Corp., the construction and trading arm of Samsung Group, has joined forces for the clean hydrogen businesses with South Korean comp...
LG Elec unveils new NFT platform, aims to turn living room into art gallery
LG Electronics Inc. announced Monday it has launched its very own non-fungible token (NFT) platform, LG Art Lab. Now available in the United St...
Hyundai, Kia post record sales in the US, poised to overtake Toyota
Hyundai Motor Co. and Kia Corp. saw their monthly car sales rise to record highs in the US where carmakers will soon be ineligible for state subsidi...
MBK’s talks to buy S.Korean education platform falter
MBK Partners’ talks to buy a controlling stake in South Korea’s MegaStudyEdu Co. have collapsed, the company said on Friday, a deal esti...
South Korea’s tech giants bolster short-form video content services
South Korea’s tech behemoth Naver Corp. is poised to strengthen its short-form content service on surging demand for video content that is les...
Seoul sees high odds of reversing Lone Star-favoring ruling
South Korea’s justice ministry expressed confidence in winning an appeal against an international ruling that accepted part of Lone Star&rsquo...
Korea resolution on US EV incentives passes parliament
South Korea’s lawmakers on Thursday passed a resolution to officially express its concerns over the US Inflation Reduction Act (IRA) that remo...
Korea’s record trade deficit adds to downturn concerns
South Korea logged a record monthly trade deficit in August with the longest spree of shortfalls in more than 14 years, while domestic consumption, ...
South Korean government slashes fund of funds budget by 40% on-year
The South Korean government is facing a backlash from the startup and venture capital sectors after slashing next year’s fund of funds budget....
Korean big-box stores see credit rating downgrades
Two credit rating agencies have lowered South Korean big-box retail giants’ credit profiles. Korea’s top three big-box stores, Homeplus ...
Korea's Hyundai E&C to build smart green city in Vietnam
Hyundai Engineering & Construction Co. is poised to become the first South Korean company to join Vietnam’s green smart city development p...
South Korea’s Shinhan launches credit card in Vietnam
South Korea’s Shinhan Card Co. launched its first credit card in Vietnam to expand its business portfolios into overseas markets as the sector...
Washington, Seoul to hold formal talks on US EV tax credit act
WASHINGTON D.C. – South Korea and the United States have agreed to launch formal negotiations over ways to address the negative impacts of the...
South Korean gamers mobilize offline to make their voices heard
Angered by what they deem to be an unfair rewards system and poor customer service, South Korean players of Kakao Games Corp.’s Japan-created ...
Samsung, LG boost use of recycled materials for electronics
South Korean tech giants Samsung and LG are increasing their amount of electronic products made from recycled materials. The companies will showcase...
