Korea’s Shinhan to invest $180 mn in India’s HDFC Credila

Korea’s Shinhan to invest $180 mn in India’s HDFC Credila

South Korea’s Shinhan Bank is set to invest $180 million in HDFC Credila Financial Services Ltd., India’s largest education loan provide...

HMM, SIPG to cooperate on eco-friendly fuel

HMM, SIPG to cooperate on eco-friendly fuel

South Korea’s major ocean carrier HMM Co. announced on Wednesday that it signed a Shanghai Port Clean Marine Fuel memorandum of understanding ...

EVs in S.Korea exceed 500,000

EVs in S.Korea exceed 500,000

The cumulative number of electric vehicles (EVs) registered in South Korea exceeded 500,000 last year.The number of EV chargers supplied domesticall...

SK Geo Centric, Youlchon Chemical to develop recyclable plastic

SK Geo Centric, Youlchon Chemical to develop recyclable plastic

South Korea's SK Geo Centric Co. and Youlchon Chemical Co. announced on Sunday that they signed a memorandum of understanding (MOU) to co-develop re...

Hanjin, Tuushin Group to co-work for logistics in Mongolia

Hanjin, Tuushin Group to co-work for logistics in Mongolia

South Korea's Hanjin Transportation, a logistics unit of Hanjin Group, announced on Wednesday that it signed a memorandum of understanding (MOU) wit...

In South Korea, Instagram thrives while Facebook declines

In South Korea, Instagram thrives while Facebook declines

In South Korea, one of the world’s most wired countries, people can’t live without social networking services for everyday communication...

Dubai Chamber of Commerce to open Seoul office

Dubai Chamber of Commerce to open Seoul office

The Dubai Chamber of Commerce in the United Arab Emirates (UAE) will open an office in Seoul, South Korea by May this year, according to industry so...

Korea business lobby group eyes tax reform in new parliament

Korea business lobby group eyes tax reform in new parliament

The Korea Enterprises Federation will reinforce efforts to win lawmakers’ nod to its long-desired campaign to slash corporate taxes and inheri...

Korea Zinc, LG Chem team up for US recycling business

Korea Zinc, LG Chem team up for US recycling business

Korea Zinc Inc., the leading global zinc and lead smelter, and LG Chem Ltd., South Korea’s top petrochemical producer, joined hands for the pl...

Tata Daewoo resumes truck exports to Algeria

Tata Daewoo resumes truck exports to Algeria

South Korea's Tata Daewoo Commercial Vehicle Company announced on Tuesday that it resumed truck exports to Algeria under the Daewoo brand. Tata...

Mubadala ties up with Korea’s Woori for global investments

Mubadala ties up with Korea’s Woori for global investments

Mubadala Investment Co., Abu Dhabi’s sovereign wealth fund, has joined hands with Woori Financial Group, South Korea’s fourth-largest fi...

Hana Bank, Fount to co-work for robo-advisor service

Hana Bank, Fount to co-work for robo-advisor service

South Korea's Hana Bank announced on Tuesday that it has signed a business agreement with robo-advisor company Fount Investment Co. to launch a reti...

S.Korean boiler firms expand exports

S.Korean boiler firms expand exports

Despite a global economic slowdown, South Korea's overseas exports of boilers and water heaters increased 4.9% year over year by $478.3 million in 2...

Meta’s Zuckerberg to visit Korea on possible AI partnership

Meta’s Zuckerberg to visit Korea on possible AI partnership

Mark Zuckerberg, chief executive of US tech giant Meta Platforms Inc. plans to visit South Korea later this month and meet key figures including Pre...

South Korea’s corporate tax-to-GDP ratio hits record high

South Korea’s corporate tax-to-GDP ratio hits record high

South Korean companies paid more corporate taxes than their rivals in developed countries in 2022, losing competitiveness, with the nation’s c...

Celltrion to deliver three treatments to Peru

Celltrion to deliver three treatments to Peru

South Korea’s Celltrion Inc. announced on Thursday that it will supply three treatments, including its blood cancer drug Truxima (rituximab) t...

South Korea establishes diplomatic ties with Cuba

South Korea establishes diplomatic ties with Cuba

South Korea has established diplomatic relations with Cuba, a close ally of North Korea, Seoul said on Wednesday. Cuba had long been the only count...

Hanwha, Saudi gov't to cooperate in defense industry

Hanwha, Saudi gov't to cooperate in defense industry

Hanwha Aerospace Co. and Hanwha Systems Co. announced on Tuesday that they signed a three-party memorandum of understanding (MOU) for defense cooper...

Naver Cloud, NHN Cloud to co-work for hyperscale AI

Naver Cloud, NHN Cloud to co-work for hyperscale AI

South Korea's Naver Cloud, the cloud computing unit of Naver Corp., and NHN Cloud Corp., announced on Monday that they have signed a memorandum of u...

Korea unveils next-gen howitzer plans for defense exports

Korea unveils next-gen howitzer plans for defense exports

South Korea introduced plans for the development of next-generation self-propelled howitzers to its existing customers as the country aims to foster...

Orion, VNUA to team up for potato production

Orion, VNUA to team up for potato production

South Korea’s confectionery and snack maker Orion Corp. announced on Friday that it signed a strategic partnership agreement with the Institut...

Doosan Enerbility wins $210 mn S.Korean power plant deal

Doosan Enerbility wins $210 mn S.Korean power plant deal

South Korea’s major power plant builder Doosan Enerbility Co. has bagged a 280 billion won ($209.6 million) contract to supply core equipment ...

Hyundai Motor in deal to secure lithium hydroxide from China’s Chengxin

Hyundai Motor in deal to secure lithium hydroxide from China’s Chengxin

South Korea’s top automaker Hyundai Motor Group has agreed to secure lithium hydroxide, a key raw material for electric vehicle batteries, fro...

Hanwha Ocean, Gabler to collaborate for submarine MRO

Hanwha Ocean, Gabler to collaborate for submarine MRO

South Korea’s Hanwha Ocean Co., the world’s third-largest shipbuilder, announced on Wednesday that it has signed a technical agreement w...

South Korea Ban Takes Dog Meat Off the Menu

South Korea Ban Takes Dog Meat Off the Menu

SEOUL—Dog meat will no longer be allowed in South Korea, capping a decadeslong campaign against a controversial practice that many locals have...

IONIQ 5 named Car of the Year 2023 in Singapore

IONIQ 5 named Car of the Year 2023 in Singapore

Hyundai Motor Co.'s electric sport utility vehicle (SUV) IONIQ 5 has been selected as the Car of the Year 2023 in Singapore by the nation’s la...

S.Korea to allow hiring of foreign workers in hotels, resorts

S.Korea to allow hiring of foreign workers in hotels, resorts

The South Korean government said on Friday that it would grant the hiring of foreign workers in hotels and resorts from next year.The hotel and reso...

Korea's KDB establishes innovation fund for auto parts companies

Korea's KDB establishes innovation fund for auto parts companies

The state-run Korea Development Bank (KDB) announced on Friday that it has established the KDB-Quantum Mobility Value Chain Open Innovation Fund wor...

South Korea eyes new Arab boom via free trade deal with GCC nations

South Korea eyes new Arab boom via free trade deal with GCC nations

South Korea has struck a free trade agreement with the Gulf Cooperation Council (GCC), a group of six Arab nations, paving the way for Seoul to stre...

Ocean carrier HMM's share price gains put KDB in hot seat

Ocean carrier HMM's share price gains put KDB in hot seat

On Nov. 20, HMM Co., South Korea’s No. 1 ocean carrier, issued new 200 million shares after its two largest shareholders -- Korea Development ...

Saudi Crown Prince bin Salman courts Korean AI startups as Riyadh, Abu Dhabi vie to build tech hubs K Shipbuilding up for sale as Korean shipyards ride new boom Samsung to buy US health tech firm Xealth in digital health push Korean waste management firm Koentec on market for $730 mn US unveils 25% tariffs on S.Korea, sets Aug. 1 deadline for agreement