S.Korea, US affirm partnership to usher in US shipbuilding, manufacturing renaissance

WASHINGTON, D.C. -- South Korean President Lee Jae Myung on Monday reaffirmed Seoul's commitment to partner with Washington to revive the US manufac...

S.Korea’s Lee signals end to ‘security with US, economy with China’ policy; to hike defense costs

WASHINGTON, D.C. – South Korean President Lee Jae Myung said on Monday that Seoul can no longer maintain its decades-old strategy of relying o...

Jeju Dream Tower poised to dethrone Paradise as Korea’s top casino in 2025

Jeju Dream Tower Casino, operated by South Korea’s major tourism and leisure company, Lotte Tour Development Co., is on track to snatch the cr...

BTS’ FAKE LOVE tops 1 billion streams on Spotify; Jungkook’s 3D joins the club

BTS’ FAKE LOVE has surpassed 1 billion streams on Spotify, becoming the group’s fifth track to hit the milestone on the world’s la...

HD Hyundai Robotics to raise $144.3 mn to bolster AI-powered robots

HD Hyundai Robotics Co., an industrial robot producer under South Korea’s shipbuilding and machinery giant HD Hyundai Co., will raise 200 bill...

S.Korea passes tougher corporate law reform, adopts cumulative voting

South Korea’s National Assembly on Monday passed an amendment to the Commercial Act designed to give minority shareholders greater sway in pro...

Korea passes controversial ‘Yellow Envelope Act,’ inviting backlash from employers, foreign firms

South Korea’s Parliament has approved sweeping labor reforms known as the “Yellow Envelope Act,” prompting a fierce backlash ...

S.Korea’s Lee heads to high-stakes summit with Trump after closing ranks with Ishiba

South Korean President Lee Jae Myung is flying to Washington after a high-profile visit to Tokyo, where he sought to repair ties with Japan ahead of...

S.Korea cuts growth outlook to 0.9%, banks on AI to reignite economy

South Korea’s government cut its 2025 economic growth forecast in half from its earlier expectation, saying the economy will expand just 0.9% ...

French specialty gas maker Air Liquide signs $2.9 bn deal to acquire DIG Airgas from Macquarie

Air Liquide SA, a French multinational industrial gas and services company, has signed a share purchase agreement to acquire South Korea’s DIG...

South Korea’s president to visit US with 15 business leaders after Japan

South Korea’s President Lee Jae Myung will travel to Japan and the US starting on Aug. 23, accompanied by 15 business leaders from the country...

Jungkook’s ‘Seven’ becomes 1st K-pop solo track to surpass 2.5 bn streams on Spotify

BTS star Jungkook has once again shown the global pull of his music. According to Spotify, the world’s largest music streaming platform, his s...

Samsung’s US profit triples in H1 thanks to Galaxy phones

Samsung Electronics Co.'s US unit nearly tripled its profit in the first half of the year, defying concerns about steep US tariffs on foreign electr...

UK’s TeraView wins preliminary nod for South Korea listing

TeraView Ltd., a British developer of terahertz imaging inspection systems, has received preliminary approval to list in South Korea, moving a step ...

HD KSOE buys Doosan Vina for $207.5 mn in green ship push

HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) agreed to buy a full stake in Doosan Vina, the Vietnamese unit of Doosan Enerbility C...

BTS concert films to screen in 2,000 theaters worldwide

BTS is bringing some of their most unforgettable concerts to the big screen, offering fans around the world a chance to relive the excitement of the...

S.Korea’s petrochemical firms to cut capacity on state call for rigorous restructuring

South Korea’s 10 largest petrochemical companies have agreed to restructure their operations, including up to 25% cuts to their naphtha-cracki...

Kep1er, Kid Milli to perform in China, raising hopes of cultural ban easing

South Korean girl group Kep1er and rapper Kid Milli are set to hold concerts in China next month, signaling a potential easing of Beijing’s ye...

Kospi-listed firms underperform in Q2 with gloomy H2 forecast

South Korean firms suffered steeper losses in the second quarter as hefty US import tariffs took a toll, fueling fears of a tougher road ahead as th...

S.Korean President Lee to meet KPop Demon Hunters director Maggie Kang, TWICE

South Korean President Lee Jae Myung will meet with Maggie Kang, director of the Netflix animated feature KPop Demon Hunters, along with K-pop girl ...

CJ ENM, Hakuhodo launch music venture to tap global fans

CJ ENM Co., South Korea’s largest entertainment company, has formed a music joint venture with Hakuhodo Inc., a more than century-old Japanese...

NH gains most in Korea’s first-half IB league; Meritz emerges as fast-rising challenger

South Korea’s investment banking hierarchy is in flux after the country’s leading brokerages reported sharply divergent earnings perform...

Capital flows to ETFs reshape S.Korea’s asset management landscape

Exchange-traded funds (ETFs) are drawing a growing number of South Korean individual investors seeking a broader exposure to equities, accounting fo...

Bill Gates to court Korea’s business titans in Seoul for philanthropy push

Bill Gates, billionaire philanthropist and Microsoft co-founder, is heading to Seoul this week to deepen partnerships with South Korea’s corpo...

Korea’s demographic shift to single households: Magnet for global real estate giants, investors

South Korea’s rental housing market is attracting some of the world’s largest property investors, as the country’s shifting demogr...

Yuhan’s lung cancer drug eyes blockbuster sales by 2027

A novel lung cancer therapy developed by South Korea’s Yuhan Corp. is on track to become a global blockbuster drug, with annual sales projecte...

Hyundai, Kia take crown as Saudi Arabia’s best-selling cars in H1

Hyundai Motor Co. and Kia Corp.'s subcompact models took the top two spots in Saudi Arabia’s automobile market in the first half of this year ...

Woori Bank opens Austin’s first Korean lender branch as US presence gathers pace

Woori Bank, a unit of Woori Financial Group Inc., South Korea’s fourth-largest financial services provider, has opened a branch in Austin, Tex...

S.Korea cracks down on Chinese color-coated steel plate tariff evasion

South Korea is moving to slap anti-dumping duties on Chinese “fake” color-coated thick steel plates that have been altered after import,...

HMM to buy back $1.5 bn shares, paving way for KDB’s fund recovery

HMM Co., South Korea’s largest shipping firm, will buy back and cancel 2.14 trillion won ($1.5 billion) worth of shares, paving the way for it...