Seoul kicks off Korea Grand Sale 2024 to double foreign tourists

South Korea on Thursday kicked off a push to nearly double the number of foreign tourists visiting the country this year to 20 million by hosting a ...

S.Korea ranks fourth in global mobile app market

The size of the South Korean mobile app market has exceeded 10 trillion won ($761 million).Data.ai, an app market analysis platform, released the 20...

Korea's Cosmax strengthens business in Middle East, Africa

Cosmax Inc., South Korea's largest cosmetics manufacturer specializing in original design manufacturing (ODM), is embarking on a full-scale entry in...

Boryung, Axiom Space launch joint venture in Korea

Boryung Corp., a South Korean healthcare investment company, said on Thursday it has officially launched a joint venture with Axiom Space, a US comm...

Upstage installs Solar in KakaoTalk AI services

South Korea’s artificial intelligence (AI) tech startup Upstage announced on Thursday that its small language model (SLM) Specialized and Opti...

Korea's JLK targets AI-based stroke care market in US

South Korea’s JLK Inc., an AI-based stroke care platform maker, will go all out to build its foothold in the US this year, aiming to lift its ...

S.Korea to mass-produce homegrown fighter jet in 2024

South Korea is set to start mass production of the KF-21, its homegrown supersonic fighter jet, this year for expected deployment of the warplane fo...

SK Hynix raises $1.5 bn in foreign bonds amid high demand

SK Hynix Inc., the world’s second-largest memory chipmaker, has raised $1.5 billion in foreign currency bonds, with the debt offering four tim...

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...

Taeyoung’s fresh measures raise hope for debt workout

Taeyoung Group, South Korea’s midsize conglomerate controlling logistics, media and construction businesses, on Tuesday vowed to offer up its ...

S.Korea’s November travel account deficit doubles vs October

South Korea’s travel account deficit doubled to $1.28 billion in November 2023 compared to the previous month, narrowing the current account s...

Samsung eyes biotech investments via Flagship Pioneering

Samsung C&T Corp., Samsung Biologics Co. and Samsung Bioepis Co. will ramp up investments in US biotechnology startups in collaboration with Fla...

South Korean LCCs soar as long-haul carriers struggle

South Korea's low-cost carriers (LCCs) are enjoying a surge in demand as the country emerges from the COVID-19 pandemic, while major carriers are st...

S.Korea needs 35,000 additional foreign workers: study

The South Korean government plans to issue non-professional employment (E-9) visas to 165,000 foreign workers this year. However, claims have arisen...

US tops Korea’s overseas construction orders in 2023

South Korea bagged more than $30 billion in overseas construction orders last year for the fourth consecutive year, mainly driven by a rise in order...

Korea’s Hanwha Ocean quits money-losing container shipbuilding business

South Korea’s Hanwha Ocean Co., the world’s third-largest shipbuilder, has decided to exit the money-losing container shipbuilding busin...

S.Korea launches official probe into HSCEI-tied ELS sale

South Korea’s financial authorities have opened an official probe into local banks and securities firms’ potential misselling of equity-...

Asiana, Korea Univ. to jointly attract medical tourism

South Korea's Asiana Airlines Inc. announced on Monday that it has partnered with Korea University Anam Hospital to promote medical tourism. The agr...

SK On to develop large-size cylindrical battery with 4680 form factor

SK On Co., an affiliate of South Korea’s SK Group, will work on the development of a large-size cylindrical battery with the 4680 form factor ...

Korea’s HMM among shippers benefiting from growing Red Sea crisis

The Red Sea crisis, disrupting the passage of ships through the Suez Canal, a central artery for global trade, is a bane for exporters looking for s...

Korea’s Hancom buys document software firm Clipsoft

Hancom Inc., a homegrown office suite developer in South Korea, said on Friday that it has acquired local business-to-business (B2B) digital documen...

South Korea Boosts Security for Politicians as New Threats of Violence Emerge

SEOUL—South Korea beefed up security for prominent political figures as new threats of violence materialized against top officials, including ...

Korean fried chicken: World's favorite K-food

In 2023, Korean-style fried chicken retained its crown as the most-loved Korean dish among global consumers, marking its fourth consecutive year a...

N.Korea fires more than 200 artillery shells off its west coast

North Korea's military conducted coastal artillery fire in the western part of the country on Friday.The North Korean military fired more than 200 a...

Korean travel agencies enjoy surging overseas trip demand

South Korea’s travel agencies enjoyed strong demand for overseas trips, adding to hopes that their earnings are likely to improve further this...

BMW overtakes Mercedes-Benz as top-selling foreign carmaker in S.Korea

BMW has overtaken Mercedes-Benz in the South Korean market, regaining the top spot in the foreign automobile sales segment for the first time in eig...

Korea’s top regulator detects more foreigners’ naked shorting

South Korea’s top financial regulator is detecting more circumstances of naked short-selling worth tens of millions of dollars by foreign inve...

SK Telecom, Naver, AfreecaTV to introduce AI in sportscasting

SK Telecom Co., Naver Corp., and AfreecaTV have joined forces to introduce artificial intelligence (AI) technology in the sports broadcasting field....

SK Biopharm, Dong-A ST sign licensing deal of Cenobamate

South Korea's SK Biopharmaceuticals Co. announced on Thursday that it has signed a contract with Dong-A ST to transfer the rights to commercialize t...

Scrap steel price poised to rebound on lower inventories

Scrap steel prices in South Korea are poised to bounce back after hitting an annual low in the last month of 2023 amid declining scrap metal invento...