Washington, Seoul to hold formal talks on US EV tax credit act
WASHINGTON D.C. – South Korea and the United States have agreed to launch formal negotiations over ways to address the negative impacts of the...
Seoul ordered to fork over $230 mn to Lone Star over KEB deal
An international tribunal delivered a ruling in favor of Lone Star on Wednesday over a dispute with South Korea relating to its 3.9 trillion won ($3...
Korea's NPS posts 8% loss from investment in H1 2022
National Pension Service (NPS) of South Korea had an 8% negative return during the first half of 2022, its investment management arm announced on Au...
LG Electronics to operate two lounges for OLED R monitor at Frieze Seoul
South Korean electronics giant LG Electronics Inc. will operate two lounges at the world-renowned Frieze Art Fair’s inaugural event in Seoul.&...
Corporate sponsors focus on luxury at Seoul's first Frieze Art Fair
With just three days before the world-renowned Frieze Art Fair launches its inaugural event in Seoul, corporate sponsors are duking it out to outs...
Lone Star, Seoul wrangle over KEB deal set to wrap up
A decade-long dispute between South Korea and the US private equity firm Lone Star Funds over a Korean deal will be wrapped up next week, with an in...
LG unveils AI ethics principles focusing on respect to humans
LG Group announced on Wednesday artificial intelligence ethics principles focusing on respect for humans that employees in the sector must follow as...
Hyosung showcases world’s first bio spandex at Seoul textile exhibition
Hyosung TNC Corp., a South Korean textile and yarn maker, is showcasing the world’s first commercialized plant-based spandex at an internation...
Hyundai IONIQ 6 logs record pre-orders in South Korea
Hyundai Motor Co., South Korea’s top automaker, announced on Tuesday that its first fully electric sedan IONIQ 6 is enjoying record pre-orders...
Seoul advises Mirae to cut leverage for $3 bn IFC deal
South Korea’s land ministry has advised Mirae Asset Global Investments Co. to cut the proposed leverage for its 4.1 trillion ($3 billion) deal...
Korea Inc. cuts factory runs, capex on record inventory
Samsung Electronics Co. and other major South Korean companies have reduced their plant operations and capital expenditures as weakening demand amid...
Remote work, small offices revive S.Korea's printer market
South Korea’s printer market has been recovering from a long slump as the rise of remote work and small or home offices has revived demand for...
Korean LED maker’s winning streak in global patent wars
Seoul Semiconductor Co., the world’s second-largest light-emitting diode (LED) display maker, has scored another win in patent litigation agai...
Celltrion Healthcare logs record-high Q2 revenue on back of Remsima
Celltrion Healthcare Co., South Korean biopharmaceutical giant Celltrion Inc.’s global marketing affiliate, posted its record-high second-quar...
LG CNS posts double-digit profit growth ahead of 2023 IPO
South Korea's largest cloud computing service provider LG CNS Co. on Tuesday reported double-digit growth in both profit and revenue in the second q...
Seoul National University to set up first overseas campus in Vietnam
Seoul National University (SNU), South Korea’s top-ranked higher education institution, is pursuing the setup of its first overseas campus in ...
Experts criticize Seoul's quantum computer development efforts
The United States: 4158. South Korea: 50These figures refer to the number of qubits in a quantum computer that each country seeks to develop by 2026...
Seoul says US tax credit bill risks violation of FTA, WTO
South Korea has conveyed concerns to the US about its legislative move to remove tax credits from electric vehicles produced outside of North Americ...
Auto insurers set for record claims over heavy rains
The record rainfalls in the Seoul metropolitan area this week are expected to lead to the largest-ever claims for South Korean auto insurance firms ...
Conglomerates lead loan growth to record high in July
South Korea's large business groups led a sharp increase in bank lending in July, driving the corporate bank loan growth to a record high, central b...
S.Korea’s SPAC IPOs eclipse company public listings
Special purpose acquisition companies (SPACs) are gaining momentum in South Korea’s initial public market on the back of eased regulations and...
Four chip alliance: S.Korea's courage to overcome Chinaphobia
“I'm gonna make him an offer he can’t refuse.”Ahn Cheol-soo, a senior lawmaker of South Korea’s ruling People Power Party, c...
CJ CheilJedang posts record-high operating profit in Q2
South Korean food giant CJ CheilJedang Corp. logged record-high quarterly operating profit in the second quarter of 2022 amid the growing popularity...
Naver says no growth sacrifice to cut costs with record sales
Naver Corp., South Korea’s largest online portal, on Friday reported its largest-ever quarterly revenue, led by webtoon and fintech services, ...
Seoul kicks off efforts to sell submarines to Australia
South Korea has embarked on efforts to export domestically designed submarines weighing more than 3,000 tons to Australia, while also in the final s...
Kakao Games posts record-high operating profit in Q2
Kakao Games Corp., the game publishing unit of South Korean web service giant Kakao Corp., said on Wednesday it achieved record-high operating profi...
Chinese game Genshin Impact's summer fest draws large crowds in Seoul
Shanghai-based game developer and publisher miHoYo Co. on Wednesday wrapped up its well-attended week-long Genshin 2022 Summer Festival in Seoul.&nb...
Seoul leans toward alternative military service for BTS
South Korea is leaning toward allowing the K-pop boy band BTS to fulfill alternative service instead of active military duty, the country’s mi...
Seoul suspends new antitrust bill on trade conflict fears
South Korea has postponed the introduction of a new law aimed at expanding its authority beyond Korean entrepreneurs, people familiar with the matte...
Samsung SDI in talks with multiple carmakers for 4680 type battery supply
Samsung SDI Co., a major South Korean battery maker, said on Friday that it is in talks with multiple automakers around the world to supply a next-g...
