S.Korea beats Japan in GNI per capita for 1st time in 2023

South Korea outstripped Japan in terms of per capita gross national income (GNI) for the first time in 2023, central bank data showed, with the Japa...
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South Korea outstripped Japan in terms of per capita gross national income (GNI) for the first time in 2023, central bank data showed, with the Japa...
The capital commitments of state-run Korea Development Bank (KDB) have widened the gap for South Korean venture capital firms in fundraising over ...
YouTube has started offering its Shopping affiliate program in South Korea in partnership with the country’s No. 1 e-commerce platform company...
Perpetual bond offerings by non-financial firms in South Korea are poised to hit new records this year as many companies have flocked to the hybrid ...
Kakao Mobility Corp., South Korea’s top ride-hailing service provider, on Tuesday introduced the release of its global app, taking on global g...
South Korea's Dongbu Corporation surpassed 1 trillion won ($727 million) in new orders this year by securing a 200 billion won ($145 million) railwa...
South Korea’s budget carrier Jeju Air Co. announced on Tuesday that it signed a codeshare agreement with Indonesia's largest low-cost airline,...
South Korea's Tata Daewoo Commercial Vehicle Company announced on Tuesday that signed a contract to sell 130 units of its large truck Maxen to Colom...
South Korea’s leading telecommunications service provider KT Corp. has formed a strategic alliance with US tech giant Microsoft Corp. to colla...
South Korea's HD Hyundai XiteSolution announced on Monday that it deployed its four 5-ton hydrogen forklifts in Korea Zinc Inc.'s Onsan Refinery and...
South Korea’s headline inflation slowed to a 10-month low in May as the Bank of Korea kept its interest rate policy tight, adding to the centr...
South Korean cable-to-energy giant LS Group said on Monday that it has renamed brokerage subsidiary eBest Investment & Securities to LS Securiti...
South Korea’s credit card issuer BC Card Co. introduced its QR code payment service in Malaysia through cooperation with the country’s n...
South Korea, which heavily relies on imports for its energy use, has found a potentially massive reserve of oil and gas offshore close to its southe...
MBK Partners, the North Asia-focused private equity firm, has put the supermarket chain unit of South Korea’s hypermarket operator Homeplus up...
Hyundai Motor Co., South Korea’s top automaker, plans to ramp up Korean production of the hybrid version of its Tucson sport utility vehicle f...
South Korea’s exports hit a 22-month high in May, led by strong shipments of semiconductors and automobiles abroad, adding to hopes that overs...
South Korea’s National Pension Service (NPS), also the world’s third-largest pension fund, will gradually reduce the proportion of its l...
Deloitte Korea, which operates accounting firm Deloitte Anjin LLC and consulting service provider Deloitte Consulting LLC, announced a reshuffle wit...
South Korea plans to build as many as three new nuclear power plants by 2038 and put into operation at least one small modular reactor (SMR) by 2035...
South Korea’s factory production rebounded in April on healthy manufacturing while domestic consumption and capital expenditures dipped, indic...
Hyundai Engineering & Construction Co. (Hyundai E&C) has broken ground on South Korea’s first hydrogen production plant using water el...
INCHEON -- Italian sports car maker Ferrari S.p.A. on Thursday unveiled the 12Cilindri with a V12 petrol engine in South Korea for the first time in...
South Korea's Kyobo Life Insurance Co. announced on Thursday that it received the highest rating of AAA for insurer financial strength (IFS) from th...
TheBorn Korea Inc., a leading South Korean food and beverage group operated by TV celebrity and chef Paik Jong-won, has filed for a preliminary revi...
SEOUL—An unusual sight drifted into South Korean skies on Wednesday: Large white balloons carrying plastic bags of North Korean trash. Some co...
South Korean non-performing loan (NPL) managers are increasing fundraising through corporate debt issuance given an outbreak of bad loans amid highe...
South Korea and the United Arab Emirates on Wednesday signed a comprehensive economic partnership agreement (CEPA) to facilitate bilateral trade aft...
South Korea’s electric equipment maker HD Hyundai Electric Co. said on Wednesday it has won a power transformer supply deal worth 47.1 million...
South Korea’s fabless AI chip startup Rebellions Inc. and AI model compression startup SqueezeBits announced on Wednesday that they partnered ...
S.Korea beats Japan in GNI per capita for 1st time in 2023
South Korea outstripped Japan in terms of per capita gross national income (GNI) for the first time in 2023, central bank data showed, with the Japa...
Jun 05, 2024 (Gmt+09:00)
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YouTube, Coupang offer Shopping affiliate program in Korea
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Korea’s non-financial firms rush to issue perpetual bonds
Perpetual bond offerings by non-financial firms in South Korea are poised to hit new records this year as many companies have flocked to the hybrid ...
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Korea’s Kakao Mobility unveils global ride-hailing app to court Uber
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Jun 05, 2024 (Gmt+09:00)
Dongbu Corp exceeds $730 bn in new orders
South Korea's Dongbu Corporation surpassed 1 trillion won ($727 million) in new orders this year by securing a 200 billion won ($145 million) railwa...
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Jeju Air, Lion Air codeshare Incheon-Bali route
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Tata Daewoo wins order for 130 Maxen trucks in Colombia
South Korea's Tata Daewoo Commercial Vehicle Company announced on Tuesday that signed a contract to sell 130 units of its large truck Maxen to Colom...
Jun 04, 2024 (Gmt+09:00)
Korea’s KT, Microsoft form strategic alliance on AI, cloud sectors
South Korea’s leading telecommunications service provider KT Corp. has formed a strategic alliance with US tech giant Microsoft Corp. to colla...
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HD Hyundai supplies large hydrogen forklifts to Korea Zink
South Korea's HD Hyundai XiteSolution announced on Monday that it deployed its four 5-ton hydrogen forklifts in Korea Zinc Inc.'s Onsan Refinery and...
Jun 04, 2024 (Gmt+09:00)
S.Korea’s inflation slows to 10-month low amid tight policy
South Korea’s headline inflation slowed to a 10-month low in May as the Bank of Korea kept its interest rate policy tight, adding to the centr...
Jun 04, 2024 (Gmt+09:00)
Korea’s LS Group to operate brokerage firm LS Securities
South Korean cable-to-energy giant LS Group said on Monday that it has renamed brokerage subsidiary eBest Investment & Securities to LS Securiti...
Jun 03, 2024 (Gmt+09:00)
Korea’s BC Card starts QR code payment service in Malaysia
South Korea’s credit card issuer BC Card Co. introduced its QR code payment service in Malaysia through cooperation with the country’s n...
Jun 03, 2024 (Gmt+09:00)
South Korea finds massive crude oil, gas prospects in East Sea: Yoon
South Korea, which heavily relies on imports for its energy use, has found a potentially massive reserve of oil and gas offshore close to its southe...
Jun 03, 2024 (Gmt+09:00)
MBK puts Homeplus’ supermarket chain unit up for sale
MBK Partners, the North Asia-focused private equity firm, has put the supermarket chain unit of South Korea’s hypermarket operator Homeplus up...
Jun 03, 2024 (Gmt+09:00)
Hyundai to raise Tucson Hybrid output in Korea for exports
Hyundai Motor Co., South Korea’s top automaker, plans to ramp up Korean production of the hybrid version of its Tucson sport utility vehicle f...
Jun 02, 2024 (Gmt+09:00)
Korea’s exports at 22-month high in May on chips, cars
South Korea’s exports hit a 22-month high in May, led by strong shipments of semiconductors and automobiles abroad, adding to hopes that overs...
Jun 02, 2024 (Gmt+09:00)
NPS to cut Korean stock allocation to 13% by 2029
South Korea’s National Pension Service (NPS), also the world’s third-largest pension fund, will gradually reduce the proportion of its l...
May 31, 2024 (Gmt+09:00)
Deloitte Korea taps new CFO, consulting head in reshuffle
Deloitte Korea, which operates accounting firm Deloitte Anjin LLC and consulting service provider Deloitte Consulting LLC, announced a reshuffle wit...
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South Korea to build 3 nuclear plants, 1 SMR under new energy policy
South Korea plans to build as many as three new nuclear power plants by 2038 and put into operation at least one small modular reactor (SMR) by 2035...
May 31, 2024 (Gmt+09:00)
Korea’s April factory output rebounds amid weak consumption
South Korea’s factory production rebounded in April on healthy manufacturing while domestic consumption and capital expenditures dipped, indic...
May 31, 2024 (Gmt+09:00)
Hyundai E&C to build Korea's 1st electrolysis-based hydrogen plant
Hyundai Engineering & Construction Co. (Hyundai E&C) has broken ground on South Korea’s first hydrogen production plant using water el...
May 30, 2024 (Gmt+09:00)
Ferrari unveils 12Cilindri in S.Korea, 1st time in Asia
INCHEON -- Italian sports car maker Ferrari S.p.A. on Thursday unveiled the 12Cilindri with a V12 petrol engine in South Korea for the first time in...
May 30, 2024 (Gmt+09:00)
Kyobo Life gets AAA IFS rating for 18 consecutive years
South Korea's Kyobo Life Insurance Co. announced on Thursday that it received the highest rating of AAA for insurer financial strength (IFS) from th...
May 30, 2024 (Gmt+09:00)
Celebrity-run food chain operator TheBorn Korea files for IPO review
TheBorn Korea Inc., a leading South Korean food and beverage group operated by TV celebrity and chef Paik Jong-won, has filed for a preliminary revi...
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Kim Jong Un’s Balloon Barrage: Bags of Excrement Fly Into the South
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May 30, 2024 (Gmt+09:00)
Korea's bad loan managers seek liquidity via bond sales
South Korean non-performing loan (NPL) managers are increasing fundraising through corporate debt issuance given an outbreak of bad loans amid highe...
May 29, 2024 (Gmt+09:00)
S.Korea, UAE sign economic partnership, reaffirm $30 bn investment
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Korea’s HD Hyundai Electric wins $60 mn transformer deal in UK
South Korea’s electric equipment maker HD Hyundai Electric Co. said on Wednesday it has won a power transformer supply deal worth 47.1 million...
May 29, 2024 (Gmt+09:00)
Rebellions, SqueezeBits to co-work on AI model compression
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May 29, 2024 (Gmt+09:00)