Korean exporters fret over looming labor strife at Long Beach, Hamburg

South Korea’s major companies are anxious about looming labor strife at the Port of Long Beach, California and strikes at German ports –...

Korea Zinc buys US e-waste recycling firm for $332 mn

Korea Zinc, the world’s largest lead and zinc smelter, agreed to buy a majority stake in a US-based electronic waste recycling company for $33...

Sell Korea intensifies as foreigners dump bonds for 1st time in 18 months

A selloff in risk assets in South Korea is intensifying as foreigners turned net sellers of Korean bonds for the first time in 18 months in June whi...

South Korea’s unicorn startups, including Viva Republica, delay IPOs

South Korean startups that exceed $1 billion in valuations, known as unicorns, are pushing back their initial public offering (IPO) dates.The move c...

Samsung Elec. to launch Korea's first dual SIM smartphones in August

Samsung Electronics Co. is slated to enable embedded subscriber identity modules (eSIMs) into its new foldable smartphones available in South Korea ...

Korea, game developers in tug of war over P2E genre

A battle over play-to-earn (P2E) games in South Korea between the government and the industry has yet to show any signs of abating as the authority ...

South Korea’s merch-producing platforms target influencers 

Digital content creators in South Korea – YouTube partners, Tiktok creators and webtoon writers – are no longer relying solely on subscr...

Hyundai Motor raises N.America workforce, cuts China staff

Hyundai Motor Co., South Korea’s top automaker, ramped up its workforce in North America by more than 50% last year where its presence is grow...

Korea hydrogen council launches $382 mn fund

The Korea H2 Business Summit, a business council established by South Korea’s leading conglomerates to invest in the hydrogen industry, launch...

Korea faces risk from record $114 bn in inventory assets

South Korea’s major listed companies held record inventory assets as they piled up raw materials to deal with the global supply chain disrupti...

Biden and leaders of Japan and South Korea pledge greater cooperation

President Biden met with the heads of Japan and South Korea—the first such gathering between the three countries’ leaders in nearly five...

Korea inflation at 24-year high, adds to big step views

South Korea’s inflation accelerated to a 24-year high last month, reinforcing expectations that the central bank may raise interest rates by 5...

Krafton founder: Robotics, deep learning should be S.Korea’s future

Krafton Inc. founder and chairman Chang Byung-gyu is a rare example of a serial entrepreneur in South Korea – a country dominated by family-ow...

Korean firms with high ESG scores show great P/E ratios

South Korean corporates’ price-earnings ratios are affected by their environmental, social and governance (ESG) management, experts said at an...

Unison Capital puts Korea dental scanner maker up for sale

Unison Capital Inc., a middle-market focused private equity firm, put the world’s third-largest 3D dental scanner maker on the market. The dea...

Naver’s web browser Whale challenges global rivals

South Korea’s homegrown web browser Whale, developed by Naver Corp., is quietly increasing its presence in the domestic market, where Google C...

LS Cable to step up ESG efforts by recycling wooden cable drums

LS Cable & System Ltd. is slated to begin recycling wooden cable drums as part of its environmental, social and governance (ESG) management effo...

Top S.Korean firms face carbon neutrality dilemma

South Korea’s top 30 companies emitted their largest-ever amount of carbon dioxide last year, contrary to their goal of reducing greenhouse ga...

SSG.COM joins race for top spot in luxury online shopping in Korea

SSG.COM, the e-commerce brand of South Korean retail giant Shinsegae Inc., launched its online luxury goods marketplace SSG Luxury on July 3. Focusi...

Korea shipbuilders throttle up wind farm business

South Korea’s major shipbuilders are competing to lead the global wind farm industry, an emerging game-changer in the renewable energy sector,...

Korean Aerospace Ind.'s shares soar on Poland export hopes

Korea Aerospace Industries Ltd. (KAI), South Korea’s military aircraft manufacturer, is emerging a winner in South Korea’s sagging stock...

Korea sees record H1 trade deficit, weak consumer sentiment

South Korea suffered the largest trade deficit for the first half of a year on surging energy prices and slowing exports, while consumer sentiment i...

Lotte Chemical, Bain Capital among bidders for Korea’s Iljin Materials

The much-touted sale of a controlling stake in Iljin Materials Co., a leading South Korean battery materials maker, is flagging as big spenders are ...

Korea’s Socar gets pushback for high valuation ahead of IPO

South Korea’s mobility unicorn Socar Inc. faces controversy over its valuation after the car-sharing startup set the price guidance for its in...

LG Magna to spend $78 mn on China capacity expansion

LG Magna e-Powertrain Co. will invest $78 million in its Chinese plant of electric vehicle parts to meet growing demand in the world’s largest...

Washington D.C. recognizes Korea as origin of kimchi

Washington D.C. has joined the three US states of California, Virginia and New York to designate Nov. 22 “Kimchi Day,” and has acknowled...

SK Bioscience wins marketing license for Korea's first COVID-19 vaccine

South Korea’s SK Bioscience Co., a biopharmaceutical unit of SK Group, has won marketing authorization for its COVID-19 vaccine from the Minis...

Moon boats light up the birthplace of Korean Confucianism

Riding a crescent moon-shaped boat that changes colors is a must-do experience in the small South Korean city of Andong, 190 km southeast of Seoul.T...

Hyundai’s US partner Aptiv invests in self-driving startup StradVision

Aptiv PLC, one of the world’s big three autonomous driving technology companies, has agreed to invest 50 billion won ($39 million) in StradVis...

South Korea to invest $794 million in AI chips, nurture 7,000 experts

The South Korean government has decided to invest 1.02 trillion won ($794 million) in the artificial intelligence semiconductor sector and foster ov...