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KAL introduces self-service bag drop for domestic flights

KAL introduces self-service bag drop for domestic flights

South Korea's flagship carrier Korean Air Lines Co. is the first airline in the country to adopt self-service bag drop on domestic flights.The compa...

Hyundai Mobis bags record $4.6 bn orders from global carmakers

Hyundai Mobis bags record $4.6 bn orders from global carmakers

South Korea's Hyundai Mobis, a key affiliate of Hyundai Motor Group, last year enjoyed its best year in orders received from abroad.The company on T...

Samsung Biologics’ profit near doubles on strong orders

Samsung Biologics’ profit near doubles on strong orders

Samsung Biologics Co., the world’s top contract drugmaker, said its profit almost doubled last year thanks to more orders as its sales surged ...

Kia to break ground on new Korean EV plant in March

Kia to break ground on new Korean EV plant in March

Kia Corp., South Korea’s No. 2 automaker, is set to break ground in March on a domestic factory to produce electric purpose-built vehicles (PB...

S.Korea’s battery material exports double to $10 bn

S.Korea’s battery material exports double to $10 bn

South Korea’s battery material exports more than doubled to exceed overseas sales of electric vehicle cells last year, helping the country&rsq...

EcoPro Group nearly doubles sales target to $7.8 billion this year

EcoPro Group nearly doubles sales target to $7.8 billion this year

South Korea's EcoPro Group has set its sales target this year at 10 trillion won ($7.8 billion), nearly double that of last year, under a strategy t...

Korea proposes bigger tax breaks for chipmakers, key industries

Korea proposes bigger tax breaks for chipmakers, key industries

The South Korean government plans to raise tax breaks for facility investments by big companies, including chipmakers, to as much as 25% following P...

South Korea to double stockpiles of rare-earth minerals

South Korea to double stockpiles of rare-earth minerals

South Korea's Ministry of Trade, Industry and Energy said on Friday it will double the government's stockpiles of rare-earth minerals and halve thei...

South Korea doubles gov't fintech innovation fund to $781 million

South Korea doubles gov't fintech innovation fund to $781 million

The South Korean government will double the value of its Fintech Innovation Fund, a source of financial support for the financial technology or fint...

SK Energy, Naver agree to develop gas stations into logistics hubs

SK Energy, Naver agree to develop gas stations into logistics hubs

SK Energy and Naver Corp. are joining hands to transform gas stations into urban logistics hubs where advanced technologies will be employed.SK Ener...

Gabriela Hearst, Veronica Beard, Toteme to launch in Korea

Gabriela Hearst, Veronica Beard, Toteme to launch in Korea

US designer brands Gabriela Hearst and Veronica Beard, as well as Swedish premium Toteme are set to open exclusive stores in South Korea to allure f...

S.Korea's golf course market doubles in value over 10 years

S.Korea's golf course market doubles in value over 10 years

The value of South Korea's market golf course market now equals 98.5% of Japan's.The Korea Leisure Industry Institute (KLII) on Thursday released a ...

Shin Hanul revives Korea’s aim to become global nuclear powerhouse

Shin Hanul revives Korea’s aim to become global nuclear powerhouse

  South Korea put a newly built nuclear reactor into full operation on Wednesday to reinforce energy stability, reviving its goal of becoming ...

Home&Shopping partners with K-Market to explore opportunities in Vietnam

Home&Shopping partners with K-Market to explore opportunities in Vietnam

Home & Shopping, South Korea's home shopping channel specializing in products of small- and medium-sized enterprises (SMEs),  announced on Th...

South Korea to boost fintech fund to 1 trillion won

South Korea to boost fintech fund to 1 trillion won

South Korea's financial authorities have decided to increase the size of the Fintech Innovation Fund from 500 billion won($379 million) to 1 trillion ...

Yeolmae and Company emerges as major player in secondary art market

Yeolmae and Company emerges as major player in secondary art market

South Korean startup Yeolmae and Company, which operates ArtnGuide, has recently emerged as a significant player in the art market.ArtnGuide is an o...

Samsung Elec showcases new high-performance graphics DRAM

Samsung Elec showcases new high-performance graphics DRAM

Samsung Electronics Co., the world’s top memory chipmaker, unveiled a next-generation graphics DRAM to meet growing demand for high-performanc...

Korean overseas card spending near 3-year high on resurgence in travel

Korean overseas card spending near 3-year high on resurgence in travel

Overseas card spending by residents in South Korea rose to a nearly three-year high in the third quarter as international travel surged with countri...

Enchem to more than double electrolyte production in US

Enchem to more than double electrolyte production in US

South Korea’s electrolyte maker Enchem Co. said Monday it aims to expand its annual production capacity in the US to 300,000 tons by 2026 to m...

GM Korea to shut one production line to focus on small cars

GM Korea to shut one production line to focus on small cars

General Motors Co. plans to shut down a production line in South Korea as the US automaking giant aims to focus on manufacturing small cars in the c...

Nearly half of South Korea's economists urge repeal of inheritance tax

Nearly half of South Korea's economists urge repeal of inheritance tax

Nearly half of South Korea's economists want the inheritance tax abolished, according to a survey.The Korea Economic Association on Thursday release...

Pulmuone to double pasta production in China by expanding plant

Pulmuone to double pasta production in China by expanding plant

South Korea's food giant Pulmuone on Monday said it will boost production of pasta-based convenience food in China by expanding its first plant in P...

Korean retail brand F&F’s Chinese sales seen above $800 million

Korean retail brand F&F’s Chinese sales seen above $800 million

South Korean outdoor clothing retailer F&F Co. is expected to post 1.1 trillion won ($807 million) in sales revenue in China this year, emerging...

Korea Inc. accumulates cash as economic downturn deepens

Korea Inc. accumulates cash as economic downturn deepens

South Korean companies, led by the country’s most valuable firm Samsung Electronics Co., have rushed to accumulate cash as interest rates kept...

Samsung Elec to expand foundry business to tackle TSMC

Samsung Elec to expand foundry business to tackle TSMC

Samsung Electronics Co., the world’s second-largest foundry company, is set to expand production technology of chips for automobiles, sensors ...

NAND chips may sustain double-digit price drops in Q4

NAND chips may sustain double-digit price drops in Q4

NAND flash memory chip prices are expected to sustain a double-digit decline in the fourth quarter of this year due to oversupply and waning demand,...

LG Uplus aims to double corporate value via platforms

LG Uplus aims to double corporate value via platforms

LG Uplus Corp., the third-largest mobile carrier in South Korea, is slated to increase its corporate value to 12 trillion won ($8.6 billion) by 2027...

SK REIT to raise $550 million in debt for Jongno Tower deal

SK REIT to raise $550 million in debt for Jongno Tower deal

South Korea’s SK REIT Co. has been diversifying funding sources into short-term debt to finance its recent purchases of landmark office buildi...

Daewoo, Samsung bag $2.3 bn LNG ship order

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...

Polo shirts, classic sports fashion sees revival in Asia

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...

Is chip winter over? Doomsayers gone as Korea’s DRAM exports surge S.Korea to have 1st civilian defense minister in decades, tap career technocrats Fubon Bank expands Korea presence into banking Hana Asset launches ultra-low-fee Nasdaq 100 ETF Even barcodes copied: Counterfeits invasion threatens K-brands

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