South Korea to boost aid for chipmakers to $23 billion, expanding extra budget

South Korea’s government is planning to increase support for chip makers to around $23 billion, proposing a bigger-than-expected supplementary...

S&P reaffirms South Korea’s AA credit rating with stable outlook

S&P Global Ratings has reaffirmed South Korea’s sovereign credit rating at AA with a stable outlook, citing the country’s resilient ...

Dongwon Industries to delist wholly owned Dongwon F&B

Dongwon Industries Co., the holding company of South Korea’s seafood-to-logistics Dongwon Group, will delist its canned tuna-manufacturing sub...

Ex-US Congressman Drew Ferguson to head Hyundai's Washington office

Hyundai Motor Group has appointed former Republican Congressman Drew Ferguson as head of its Washington office, a strategic move designed to bolster...

KT rolls out Thai-tailored large language model

South Korean telecom service provider KT Corp. has built a large language model (LLM) platform tailored for the Thai market in collaboration with Ja...

South Korean defense industry thriving on strong overseas demand

The South Korean defense industry's current heyday is expected to continue for a while as global demand for Korean-made weapons and combat systems h...

Mirae Asset’s default option retirement funds top $700 mn in assets

Mirae Asset Global Investments Co. now manages over one-third of South Korea’s default-option retirement funds, with the assets it operates un...

Koreans cut spending in March, except on health, education

South Korean consumers exhibited recessionary spending behavior in March, cutting expenditures across nearly all sectors, except healthcare and educ...

NPS pours $3.9 bn to buttress Korean stock market

South Korea’s National Pension Service, the country’s largest institutional investor, has come to the rescue of the domestic stock marke...

With domestic dockyards fully booked, Korean shipbuilders turn overseas

As order books swell amid green shipping mandates, LNG demand and military naval modernization, South Korean shipbuilders are extending their global...

Koreans cut spending in March, except on health, education

South Korean consumers exhibited recessionary spending behavior in March, cutting expenditures across nearly all sectors, except healthcare and educ...

Samsung Display picked as sole OLED screen supplier for foldable iPhone

Samsung Display Co., the display-making unit under Samsung Electronics Co., will exclusively supply organic light-emitting diode (OLED) displays for...

POSCO eyes investment in Hyundai Steel’s US plant

POSCO, the world’s seventh-largest steelmaker, is seeking to invest in smaller rival Hyundai Steel Co.'s first overseas plant in the US, in ex...

Naver mulls acquiring about a 10% stake in Kurly

Naver Corp. is considering taking over a stake in Kurly Inc. to become the largest shareholder in the South Korean dawn delivery service market pion...

NPS gears up for investment overhaul with boost in risk assets

South Korea’s National Pension Service (NPS), the country’s largest institutional investor, is set to overhaul its investment strategy w...

S.Korean shipbuilders rally as Trump hints at buying foreign ships

South Korean shipbuilding stocks soared on Friday on news that US President Donald Trump indicated that the world’s No. 1 economy may purchase...

Korea launches $27 mn fund to invest in K-beauty startups

South Korea’s Ministry of SMEs and Startups on Thursday announced the launch of a 40 billion won ($27 million) fund to invest in Korean beauty...

KAIST launches Korean rapper G-Dragon’s music into space

The Korea Advanced Institute of Science & Technology (KAIST) has launched the music and iris image of G-Dragon, a Korean rapper and singer-songw...

POSCO eyes deeper steel, energy ties with global peers

POSCO Group, South Korea’s steelmaking giant, will further bolster its competitiveness in the global steel market and energy value chains thro...

HD Hyundai Heavy, HII team up for naval shipbuilding

HD Hyundai Heavy Industries Co. (HD HHI) and US naval shipbuilding leader Huntington Ingalls Industries Inc. (HII) have agreed to join hands to buil...

South Korea announces emergency support for auto sector against US tariffs

South Korea’s government has announced emergency-support measures for the country’s auto sector, as it rushed to ease the impact of U.S....

K-beauty defies trade headwinds as exports to China, US lead sales growth

South Korea’s beauty industry is mounting a powerful global push, defying trade pressures and economic uncertainties with a surge in exports t...

South Korean stocks, currency dive amid deeper US tariff turmoil

The South Korean stock market logged its biggest daily loss of more than 5% in eight months on Monday, joining its Asian peers bruised by panic sell...

ABL Bio lands $2.8 billion license-out deal with GSK

ABL Bio Inc., a South Korean biotech company, will license out its proprietary blood-brain barrier shuttle platform, called the Grabody-B, to UK-bas...

HD Hyundai on course for $1.55 bn order amid US-China trade war

HD Hyundai Co., the world’s largest shipbuilding group, is emerging as a key beneficiary of the Trump administration’s tariff policies a...

K-beauty exports to China rebound after 4-month slump

South Korea’s beauty industry is showing signs of recovery in China, with exports rebounding after four months of decline.The turnaround follo...

Korean entertainment stocks advance, unfazed by US tariff concerns

South Korean entertainment and gaming stocks climbed on Friday, defying a broader market drop as investors sought refuge in sectors seen as immune t...

Korean financial firms face growing risks in overseas property investments

South Korea’s financial institutions are increasingly at risk of their overseas real estate investments turning sour, government data showed o...

S.Korean President Yoon Suk Yeol ousted; new presidential election coming

South Korea’s Constitutional Court permanently removed President Yoon Suk Yeol from office on Friday, making him the country’s second pr...

Samsung, LG review strategies as Trump slaps Vietnam with steeper tariffs

South Korea’s two leading electronics makers – Samsung Electronics Co. and LG Electronics Inc. – are being forced to reassess thei...