S.Korea avoids recession with 0.6% Q2 GDP growth; US tariff impact seen limited

S.Korea avoids recession with 0.6% Q2 GDP growth; US tariff impact seen limited

The South Korean economy returned to firmer footing in the second quarter, expanding 0.6% from the previous three months, as a recovery in exports a...

Korea’s Q1 economic contraction adds to stimulus expectations

Korea’s Q1 economic contraction adds to stimulus expectations

South Korea's economy unexpectedly contracted in the first quarter as exports and consumption fell amid a political crisis and fears over the impact...

Samsung SDI, Hanwha Ocean to usher in battery-driven submarine era

Samsung SDI, Hanwha Ocean to usher in battery-driven submarine era

Hanwha Ocean Co. and Samsung SDI Co. will start evaluating their jointly developed lithium-ion battery system for a submarine with South Korea&rsquo...

BOK stands pat; rate cut likely within 3 months as economic growth slows

BOK stands pat; rate cut likely within 3 months as economic growth slows

The Bank of Korea (BOK) left its benchmark interest rate unchanged at 2.75% on Thursday, with Governor Rhee Chang-yong warning that a surge in globa...

S.Korea’s economy grows 2.0% in 2024; Q4 GDP below forecast

S.Korea’s economy grows 2.0% in 2024; Q4 GDP below forecast

South Korea’s economy expanded 2.0% last year, falling short of the central bank’s forecast on weaker-than-expected growth in the fourth...

SK Hynix develops high-capacity SSD for AI data center

SK Hynix develops high-capacity SSD for AI data center

SK Hynix Inc. unveiled on Wednesday its high-capacity solid-state drive (SSD) product PS1012 U.2, designed for AI data centers with 61 terabyte (TB)...

NPS enjoys 9.2% return as of Q3 on bullish US stocks

NPS enjoys 9.2% return as of Q3 on bullish US stocks

The National Pension Service (NPS), South Korea’s largest institutional investor, reported a preliminary 9.18% return from investments, equiva...

S.Korean overseas card spending posts record $5.71 bn in Q3

S.Korean overseas card spending posts record $5.71 bn in Q3

With the increase in international travel during the summer, overseas card spending by South Korean residents reached a record high in the third qua...

BOK to keep rate at 3.25% in Nov despite dim GDP outlook: survey

BOK to keep rate at 3.25% in Nov despite dim GDP outlook: survey

South Korea’s central bank is expected to freeze its policy rate at 3.25% during its last monetary policy meeting of the year to prevent any f...

Korean duty-free shops post Q3 losses; no signs of recovery

Korean duty-free shops post Q3 losses; no signs of recovery

The four major duty-free shop operators in South Korea on Thursday posted operating losses in the third quarter, marking the first quarter in almo...

State-run think tank KDI slashes GDP forecast, urges BOK to cut rates

State-run think tank KDI slashes GDP forecast, urges BOK to cut rates

The Korea Development Institute (KDI), South Korea’s state-run think tank, has slashed its forecasts for the country’s economic growth f...

Coupang posts record quarterly sales, swings to Q3 operating profit

Coupang posts record quarterly sales, swings to Q3 operating profit

Coupang Inc., South Korea’s answer to global e-commerce giant Amazon.com, posted its highest quarterly sales in the third quarter and swung to...

HYBE Q3 profit down; foresees better 2025 after BTS’ military discharges

HYBE Q3 profit down; foresees better 2025 after BTS’ military discharges

HYBE Co., the K-pop behemoth behind BTS, suffered a double-digit profit fall in the third quarter amid an ongoing feud with Min Hee-jin, the creativ...

Samsung’s memory business fares better in Q3; more HBM sales ahead 

Samsung’s memory business fares better in Q3; more HBM sales ahead 

Samsung Electronics Co. reported weaker-than-expected operating profit in its chip business in the third quarter but expects a rise in sales of its ...

Samsung SDI's operating profit plunges in Q3 amid EV chasm

Samsung SDI's operating profit plunges in Q3 amid EV chasm

Samsung SDI Co., the world’s sixth-largest battery maker, continues to grapple with dwindling battery demand from the electric vehicle industr...

LG Energy Q3 profit more than doubles on higher sales; shares jump

LG Energy Q3 profit more than doubles on higher sales; shares jump

LG Energy Solution Ltd., the world’s third-largest battery maker, said its quarterly operating profit more than doubled from the previous thre...

Kia eyes rosier 2024 after record-high Q3; Hyundai Mobis’ OP up 32%

Kia eyes rosier 2024 after record-high Q3; Hyundai Mobis’ OP up 32%

Kia Corp., South Korea’s No. 2 carmaker after Hyundai Motor Co., presented a brighter outlook for this year after posting record-high operatin...

LG Electronics logs highest-ever Q3 revenue

LG Electronics logs highest-ever Q3 revenue

LG Electronics Inc. posted its highest-ever sales in the third quarter this year because of the updated home appliances business portfolio, which fo...

Tesla in talks with SK Hynix for $725 mn eSSD order

Tesla in talks with SK Hynix for $725 mn eSSD order

Tesla Inc. is in talks with SK Hynix Inc. at the US electric vehicle giant’s request for a possible 1 trillion won ($725 million) order of ent...

Hyundai Motor logs highest-ever Q3 revenue; margin drops

Hyundai Motor logs highest-ever Q3 revenue; margin drops

Hyundai Motor Co. on Thursday reported its worst quarterly profit margin for this year, despite delivering its highest-ever revenue for a third quar...

Samsung Bioepis eyes record sales in 2024 after stellar Q3

Samsung Bioepis eyes record sales in 2024 after stellar Q3

Samsung Bioepis Co., Samsung Biologics Co.'s fully owned biosimilar subsidiary, is expected to post its best-ever annual revenue this year after sal...

Korea’s economy sees slower-than-expected rebound in Q3

Korea’s economy sees slower-than-expected rebound in Q3

South Korea’s economy rebounded slower than central bank expectations in the third quarter on sluggish exports, adding to predictions that the...

SK Hynix’s Q3 profit soars to record high, beats Samsung’s memory profit

SK Hynix’s Q3 profit soars to record high, beats Samsung’s memory profit

SK Hynix Inc., the world’s second-largest memory chipmaker, on Thursday posted record quarterly profit and sales, driven by premium artificial...

Samsung chip head vows drastic revamp after flagging weak Q3 earnings

Samsung chip head vows drastic revamp after flagging weak Q3 earnings

Jun Young-hyun, vice chairman and head of Samsung Electronics Co.'s semiconductor business, on Tuesday vowed to take drastic steps to improve profit...

Artificial intelligence creates DRAM divide between hot sellers, laggards

Artificial intelligence creates DRAM divide between hot sellers, laggards

In recent years, the big buzz across industries has been around the power of artificial intelligence, with some critics raising concerns about AI ex...

Korea Investment lowers price target for Samsung Electro-Mechanics

Korea Investment lowers price target for Samsung Electro-Mechanics

Korea Investment & Securities lowered the target price of Samsung Electro-Mechanics by 14.3% on Sunday, citing weaker-than-expected third-q...

Daishin Securities lowers its price target for Nongshim

Daishin Securities lowers its price target for Nongshim

Daishin Securities Co. cut its price target on Nongshim Co.'s stock to 530,000 won ($397) from 550,000 won ($412) on Tuesday, saying the company's o...

S.Korea’s Q2 GDP slows 0.2%, upholds rate cut expectations

S.Korea’s Q2 GDP slows 0.2%, upholds rate cut expectations

South Korea’s economic growth slowed in the second quarter on weaker domestic consumption and investment by private businesses, heightening ex...

Bank of Korea holds rate steady, signals pivot to easing soon

Bank of Korea holds rate steady, signals pivot to easing soon

South Korea’s central bank held interest rates steady but cut its inflation and growth forecasts for the year and signaled that it will pivot ...

EcoPro BM may cut battery materials capacity on EV slowdown

EcoPro BM may cut battery materials capacity on EV slowdown

South Korea’s leading battery materials maker EcoPro BM Co. is considering reducing cathode output capacity despite continuous investments in ...

IMM joins $600 mn fund for K-beauty unicorn Goodai Global in M&A drive Blackpink’s Jump music video achieves 100 mn YouTube views Seoul signals agricultural market access on tariff talks table amid intensifying US trade pressure Korea’s top four financial holding firms post stellar Q2 profit on won, non-interest gains KB Asset poised to buy Signature Tower in Seoul for over $700 mn