Korea sets Nuri space rocket’s second launch for mid-June

Korea sets Nuri space rocket’s second launch for mid-June

South Korea will make a second attempt to launch its first domestically designed and developed space rocket Nuri in mid-June after an earlier attemp...

S.Korea to support firms to offset damage of Ukraine crisis

S.Korea to support firms to offset damage of Ukraine crisis

South Korea is set to provide financial support of up to $1.7 billion to exporters in a move to minimize the impact of the escalating crisis in Ukra...

SK On narrows bidders to BlackRock, Carlyle, KKR, GIC

SK On narrows bidders to BlackRock, Carlyle, KKR, GIC

South Korean battery maker SK On Co. has narrowed bidders for its shares worth up to $3.3 billion to four candidates -- BlackRock, The Carlyle Group...

BOK sees inflation at 11-year high as oil tops $100 on Ukraine crisis

BOK sees inflation at 11-year high as oil tops $100 on Ukraine crisis

South Korea’s central bank expects consumer inflation to hit an 11-year high this year as oil prices jumped above the $100 a barrel level for ...

Skincare giant Cosmax adds pet care line

Skincare giant Cosmax adds pet care line

South Korea’s beauty products manufacturer Cosmax Inc. has entered the rapidly growing pet products market.The company specializes in receiv...

Tougher sanctions on Russia put S.Korean exporters on high alert

Tougher sanctions on Russia put S.Korean exporters on high alert

As the US and its allies are toughening up sanctions against Russia, South Korean exporters of smartphones, home appliances to automobiles are raisi...

Korean shipbuilders set for more orders on Ukraine crisis

Korean shipbuilders set for more orders on Ukraine crisis

South Korea’s shipbuilders are expected to get more orders on the escalating crisis in Ukraine as Europe is diversifying natural gas suppliers...

China’s Geely challenges Hyundai with entry to Korea’s e-truck market

China’s Geely challenges Hyundai with entry to Korea’s e-truck market

China’s largest privately owned carmaker Zhejiang Geely Holding Group Co. is entering South Korea’s electric truck market to compete wit...

Korean battery sector to heat up IPO market again

Korean battery sector to heat up IPO market again

South Korea’s battery industry is expected to heat up the initial public offering market later this year as battery materials and equipment ma...

S.Korea to ban execs' post-IPO share sale for certain period

S.Korea to ban execs' post-IPO share sale for certain period

South Korea will introduce an IPO lock-up period for company executives and their top shareholders to ban them from selling the company shares short...

Korea approves Korean Air-Asiana merger; hurdles remain

Korea approves Korean Air-Asiana merger; hurdles remain

The proposed merger of Korean Air Lines Co. and Asiana Airlines Inc. has moved one step closer to completion with approval by South Korea’s an...

Korea’s record household debt may hurt consumption

Korea’s record household debt may hurt consumption

South Korea’s household debt hit a record on surging property prices, stoking concerns over a slowdown in private consumption in Asia’s ...

BlackRock names new head of institutional investment for APAC

BlackRock names new head of institutional investment for APAC

BlackRock Inc., the world’s largest asset manager with $10 trillion assets under management, named Hiroyuki Shimizu head of institutional in...

US Novelis to build $53 mn aluminum recycle center in Korea

US Novelis to build $53 mn aluminum recycle center in Korea

Novelis Inc., the world’s top aluminum recycler, is set to invest $53 million in another recycling and casting center in South Korea to meet t...

Korea’s trading firms set sights on EV parts production for growth

Korea’s trading firms set sights on EV parts production for growth

South Korea’s general trading companies, which usually work as middlemen linking buyers with sellers, are seeking to transform into eco-friend...

SK Group head Chey to assume chair post at SK Telecom 

SK Group head Chey to assume chair post at SK Telecom 

SK Group chairman Chey Tae-won will assume an additional post as a chairman of SK Telecom Co.The conglomerate’s holding company SK Inc. announ...

Korea Inc. revises business plans as rising oil prices hit economy

Korea Inc. revises business plans as rising oil prices hit economy

South Korean companies are revising their business plans for this year as soaring oil prices slam Asia’s fourth-largest economy. Inflation is ...

South Korea's working young teeter on brink of debt disaster

South Korea's working young teeter on brink of debt disaster

As the liquidity party is coming to an end, rising interest rates and falling asset values are highlighting concerns about household debt taken on b...

Korea petchem shares shine on China hopes, valuations

Korea petchem shares shine on China hopes, valuations

South Korean petrochemical companies’ stocks rose as investors bought them at a bargain on expectations for Chinese demand recovery despite ri...

SK Ecoplant buys e-waste recycling firm for $1 bn

SK Ecoplant buys e-waste recycling firm for $1 bn

South Korea's SK Ecoplant Co. has acquired Singapore-based electronic waste (e-waste) disposal and recycling company TES Envirocorp Pte. Ltd for $1 ...

SK On aims to dominate global battery market by 2030

 SK On aims to dominate global battery market by 2030

SK On Co. is on track to become the world’s No. 1 battery maker by 2030, the company said on Sunday. During an interview with the in-ho...

LG ramps up 6G development for first mover advantage 

LG ramps up 6G development for first mover advantage 

LG Electronics Inc. recently signed an MoU with the Korea Advanced Institute of Science and Technology (KAIST) for the second phase of their joint...

Korea’s record liquidity growth raises inflation, asset prices

Korea’s record liquidity growth raises inflation, asset prices

South Korea’s money supply increased at the fastest pace in history last year, exceeding liquidity growth in the eurozone, which accelerated i...

Game stocks plunge in S. Korea, US 

Game stocks plunge in S. Korea, US 

Game shares in South Korea and the United States have plunged, hit by worse-than-expected earnings. Online game developers in Korea have also b...

Korea’s Solus supplies battery copper foil to Tesla

Korea’s Solus supplies battery copper foil to Tesla

South Korea’s Solus Advanced Materials started supplying battery copper foil to Tesla Inc. in January, becoming the country’s first batt...

S. Korea to track engineers' travel to control tech leaks

S. Korea to track engineers' travel to control tech leaks

South Korea will create a roster of engineers in its core business sectors to monitor their travel in and out of the country. The decision aims to...

SK On's $4 bn funding draws PE giants, GIC, Saudi PIF

SK On's $4 bn funding draws PE giants, GIC, Saudi PIF

BlackRock, Blackstone, Singapore's GIC and Saudi's Public Investment Fund (PIF) are among the preliminary bidders for shares worth up to $4.2 billio...

SK Hynix develops memory chip with computing capabilities

SK Hynix develops memory chip with computing capabilities

SK Hynix Inc. has developed a next-generation memory chip with computing capabilities, which the company says will provide solutions for data conges...

Korea battery makers at risk from reliance on China materials

Korea battery makers at risk from reliance on China materials

South Korea’s secondary battery makers face a risk from heavy reliance on Chinese raw materials, while the industry has sought measures to ens...

Online platforms emerge as new battlefield for auto sales in Korea

Online platforms emerge as new battlefield for auto sales in Korea

Visiting a car dealer’s stylish showroom to touch, feel and sometimes test drive a car before purchase has for decades been a rite of passage ...

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