South Korea's whisky imports surge 50% to record high
South Korea's whisky imports surged by 50% in the first half of 2023, reaching an unprecedented peak, according to trade data the Korea Customs Serv...
S.Korea files to revoke PCA ruling in favor of Elliott
South Korea has decided to challenge an international arbitration tribunal’s decision a month ago ordering the Korean government to compensate...
Tepid luxury sales widen gap between favorite and less-favored brands
The economic slowdown may have diminished South Koreans’ appetite for foreign designer goods, but that doesn't mean they've closed their walle...
Korea Zinc likely to supply copper foil to LG Energy for EV batteries
Korea Zinc Co., the world’s largest zinc and lead smelter, will likely start supplying copper foil, a key battery component, to LG Energy Solu...
S.Korea’s car exports hit H1 record high on brisk EV sales
South Korea’s automobile export value in the first six months of this year hit the highest-ever $35.7 billion for a half-year period, mainly d...
S.Korea-Japan flights outpace Gimpo-Jeju in H1 2023
As Japan eased its border restrictions at the end of last year, the number of passengers on routes between South Korea and Japan in the first half o...
KKR Co-CEO Joe Bae meets NPS, KIC execs in S.Korea
KKR Co. Co-Chief Executive Joseph Bae made a visit to South Korea last week to meet with senior managers of the country’s top limited partners...
Korea Investment 1st Korean broker to sell samurai bonds
Korea Investment & Securities Co. on Friday became the first South Korean brokerage company to sell samurai bonds, raising 20 billion yen ($145 ...
Korea Zinc ties up with SK, Hanwha for Aussie green ammonia
Korea Zinc Inc., the world’s largest lead and zinc smelter, has joined hands with SK Gas Ltd. and Hanwha Impact Corp. for the green ammonia bu...
Michael Jordan's Steakhouse to open in S.Korea
Mohegan Inspire entertainment resort, which plans to be built near Incheon International Airport, will feature a restaurant and bar named after "His...
Hyundai E&C to commercialize CCS for the first time in S.Korea
South Korea's Hyundai Engineering & Construction announced that it has won the contract for the preliminary front-end engineering and design (Pr...
Korea's IPO market heats up with higher price cap for new stocks
South Korea’s initial public offering market is heating up with some 30 firms set for new share subscriptions in July and August, more than su...
Samsung launches 98-inch Neo QLED 8K in S.Korea
Samsung Electronics Co. announced on Thursday that it launches a new 98-inch Neo QLED 8K TV in South Korea. The new model is part of Samsung's effor...
S&P expects BOK to cut rate by 100 bps in 2024 for growth
South Korea’s central bank is expected to cut its policy interest rate by one percentage point next year with inflationary pressure easing fur...
Secondhand LNG carrier prices hit record high; prospects rosy
Prices of secondhand liquefied natural gas (LNG) carriers are flying high, close to new LNG ship prices, amid tighter environmental regulations and ...
EcoPro’s Q2 earnings lag estimates; share plunges
South Korean battery materials maker EcoPro Co. has logged second-quarter earnings below consensus estimates. Its share price, which has soared more...
Starbucks to offer super-size Trenta drinks in S.Korea
Starbucks will roll out its biggest size for iced drinks, the Trenta, next week in South Korea, which was chosen as its first overseas market to int...
Go bolder with regulatory reform to foster unicorns in Korea: KERI
Regulatory reform is still slow in South Korea, obstructing innovation in technologies and industries, and the government must take bolder action to...
NPS commits $163 mn to Macquarie's sixth Korean buyout fund
Macquarie Asset Management is aiming to close its sixth buyout fund in South Korea at a maximum of 1 trillion won ($775.6 million) by the first ha...
Shrinking youth jobs cast shadow over S.Korea’s labor market
Employment in South Korea extended its growth streak in June but its gains slowed for the third straight month, with youth jobs declining for eight ...
S.Korea’s petrochemical players boost plastic container recycling
South Korea's major petrochemical companies have entered the sector for 100% recycled plastic containers through cooperation with food and cosmetics...
Retail investors test EcoPro’s upside as Korea’s GameStop
Shares of EcoPro Co., a South Korean battery materials maker, have skyrocketed this year, rising 848% year to date to break above the 1 million won ...
Korea’s NPS bets on more local semiconductor stocks in Q2
National Pension Service (NPS) of South Korea, the world’s third-largest pension fund with 975.6 trillion won ($754.2 billion) in assets under...
KHNP participates in Australian green cement project
Korea Hydro & Nuclear Power Co. (KHNP) will participate in the South Australia green cement transition project, which aims to produce green hydr...
Korea chip exports to rebound in Oct; car, cell exports to stay firm
South Korea expected overseas sales of semiconductors, the country’s top export item, to rebound from October while the auto, secondary batter...
Korea revives nuclear power for its 2024-2038 energy plan
South Korea is slated to bring forward action steps on its power supply plan for the 2024-2038 period, with a possibility to review building more nu...
S.Korea to launch K-Ricebelt project in Africa
South Korea has launched an official development assistance (ODA) project for a "K-Ricebelt" to produce rice for 30 million people every year in Afr...
S.Korea’s imports of LFP cathode reverses to growth after 8 years
South Korea's imports of cathode materials used to make lithium ferrophosphate (LFP) batteries in the first five months of this year rose for the fi...
S.Korea’s SKC seeks to sell fine ceramic business for $307 mn
SKC Ltd., a South Korean chemicals maker, is seeking to sell its fine ceramic business for an estimated 400 billion won ($307 million) as the unit o...
Korea tops US eco-friendly car import rankings despite IRA disadvantage
South Korea retained its top spot in exports of eco-friendly vehicles including electric cars to the US in the first quarter despite challenges pose...
