Samsung, SK Hynix lose US waiver on chip equipment for China use
The US will make it harder for Samsung Electronics Co. and SK Hynix Inc. to manufacture chips in China and upgrade production facilities there, thre...
Korean stock surge drives 4.08% return for National Pension Service in H1
The National Pension Service (NPS), the world's third-largest pension scheme, posted a 4.08% return on investment in the first half of this year, wi...
S.Korea-US summit yields no joint statement amid split on auto tariffs, MFN status
WASHINGTON D.C. – South Korean President Lee Jae Myung’s first bilateral meeting with US counterpart Donald Trump ended in a cordial atm...
HD Hyundai Heavy to merge with Hyundai Mipo as MASGA gains traction
HD Hyundai Heavy Industries Co. said on Wednesday that it will merge with HD Hyundai Mipo Co., marking its first step to tap into the Make America S...
Hanwha raises bet on MASGA with $5 bn investment in Philly Shipyard
Hanwha Group will expand its shipbuilding capacity in the US far beyond earlier plans with a $5 billion investment in Hanwha Philly Shipyard as Seou...
Lee, Trump end first summit on cordial note, but questions remain
South Korea’s proposal to help revive the US shipbuilding industry proved pivotal in setting a positive tone for President Lee Jae Myung&rsquo...
S.Korea, US affirm partnership to usher in US shipbuilding, manufacturing renaissance
WASHINGTON, D.C. -- South Korean President Lee Jae Myung on Monday reaffirmed Seoul's commitment to partner with Washington to revive the US manufac...
S.Korea’s Lee signals end to ‘security with US, economy with China’ policy; to hike defense costs
WASHINGTON, D.C. – South Korean President Lee Jae Myung said on Monday that Seoul can no longer maintain its decades-old strategy of relying o...
Korea Inc pledges $150 bn US investment; KAL buys new planes, Samsung, Hyundai Motor vow extra spending
WASHINGTON, D.C. – South Korea’s biggest conglomerates have committed $150 billion in fresh investment in the US in a sweeping package t...
Korean dining chains sweep across US, boon for K-sauce
Korean dining chains are springing up across the US, fueled by health-conscious eating trends and the surging influence of Korean pop culture, boost...
BOK unlikely to get ahead of the curve to cut rates before US Fed: KED economists
The Bank of Korea will likely leave its policy rate unchanged at 2.5% at Thursday’s rate review meeting due to concerns over financial stabili...
Korean tycoons head to US to support summit; Samsung likely to unveil fresh investment
The heads of South Korea’s largest conglomerates are heading to the US to support a Seoul-Washington summit, with investors watching closely f...
South Korea’s president to visit US with 15 business leaders after Japan
South Korea’s President Lee Jae Myung will travel to Japan and the US starting on Aug. 23, accompanied by 15 business leaders from the country...
Samsung’s US profit triples in H1 thanks to Galaxy phones
Samsung Electronics Co.'s US unit nearly tripled its profit in the first half of the year, defying concerns about steep US tariffs on foreign electr...
KHNP in joint venture talks with Westinghouse to target US nuclear market
South Korea's state-run Korea Hydro & Nuclear Power Co. (KHNP) is in talks with Westinghouse Electric Co. to form a joint venture (JV) with an a...
Hyundai Motor to up ante in US with full hybrid lineup in 2026
Hyundai Motor Group plans to expand hybrid offerings across its entire US lineup to cushion profitability from US tariff fallout while hoping to nar...
Kospi-listed firms underperform in Q2 with gloomy H2 forecast
South Korean firms suffered steeper losses in the second quarter as hefty US import tariffs took a toll, fueling fears of a tougher road ahead as th...
US government eyes stake in Samsung, TSMC in return for CHIPS Act funds
The US government is looking into acquiring equity stakes in chipmakers such as Samsung Electronics Co., Taiwan Semiconductor Manufacturing Co. (TSM...
AWS, Upstage deepen ties in AI drive across Asia-Pacific, US
Amazon Web Services (AWS) has reinforced its partnership with South Korean artificial intelligence startup Upstage, backing the company with a minor...
Yuhan’s lung cancer drug eyes blockbuster sales by 2027
A novel lung cancer therapy developed by South Korea’s Yuhan Corp. is on track to become a global blockbuster drug, with annual sales projecte...
HD Hyundai to build quantum-secure network for shipbuilding, defense
HD Hyundai Co., the parent of the world’s largest shipbuilder, HD Hyundai Heavy Industries Co., will build a quantum cryptography communicatio...
‘Act fast, or miss out’: Korean retail investors look to Wall Street debut stocks for hefty gains
When cryptocurrency exchange operator Bullish rang the bell at the New York Stock Exchange (NYSE) on Aug. 13, a 30-something South Korean investor l...
Woori Bank opens Austin’s first Korean lender branch as US presence gathers pace
Woori Bank, a unit of Woori Financial Group Inc., South Korea’s fourth-largest financial services provider, has opened a branch in Austin, Tex...
Samsung to set up chip packaging R&D center in Yokohama, raise stakes vs TSMC
Samsung Electronics Co. will set up an advanced chip packaging research and development center in Yokohama, Japan with an investment of 25 billion y...
BOE risks 15-year US OLED ban in Samsung dispute; Korean display stocks rally
South Korean display makers stand to gain from a possible 15-year US import ban on organic light-emitting diode (OLED) panels from China’s BOE...
Disney, Marvel, Star Wars stories to get Korean webtoon makeover
Webtoon Entertainment Inc. is bringing Iron Man, Spider-Man, Darth Vader and Beauty and the Beast to life in vertical web panels, reimagined in the ...
LG CNS to build AI data center in Vietnam, accelerating Southeast Asia push
LG CNS Co. will build a hyperscale artificial intelligence data center for Vietnam’s state-run telecom giant Vietnam Posts and Telecommunicati...
Korea Investment Partners invests $10 million in Elon Musk’s SpaceX
Korea Investment Partners Co. (KIP), one of South Korea’s largest venture capital and private equity firms, has invested $10 million in Elon M...
S.Korea-US summit set for Aug. 25 with focus on security, economy
President Lee Jae Myung of South Korea and US President Donald Trump will meet face to face for the first time on Aug. 25 in Washington to discuss a...
K-beauty, K-food exports to US jolted as 15% tariffs go into effect
South Korea’s cosmetics and food exporters have been jolted by a significant drop in shipments to the US after Washington’s 15% tariffs ...
