abolition of the public procurement regulation

Back in the 1990s, South Korea was internationally denounced as a country where people eat dog meat.People hardly recognized nor paid attention to t...

South Korea’s Hanwha Aerospace Co. on Wednesday said the Korea Research Institute for Defense Technology Planning and Advancement has named th...

South Korea's HD Hyundai Infracore Co. announced on Wednesday that it has recently secured orders for 131 units of its own brand Develon excavator...

Samsung Electronics Co. has steered clear of the European Union’s new set of regulations designed to rein in the dominance of Big Tech compani...

South Korea's POSCO International Corp. is broadening its footprint in Africa's secondary battery raw material sector, with plans to secure an annua...

The green hydrogen Nujio’qonik project in Canada, a venture that South Korea's SK Ecoplant is taking part in, has secured approval to use go...

Korea Aerospace Industries Ltd. (KAI), South Korea's sole military aircraft manufacturer, and Airbus Helicopters SAS (AH) announced on Thursday that...

South Korean leading defense company LIG Nex1 Co. took part in a drone-focused workshop "2023 Korea-Saudi Arabia Drone Road Show" in Riyadh, Saudi A...

South Korean drug giant Celltrion Group will consider listing its holding company if necessary, after it completes the merger of three affiliates &n...

A group of six South Korean companies dubbed "Team Korea," which comprises private companies such as SK Ecoplant, public companies and a government ...

South Korea's Kolon Global Corp. announced on Friday that it has won a public housing construction project in Mongolia worth 295.7 billion won ($226...

SK E&S Co. has asked Australia to support its liquefied natural gas fields in the country and a carbon capture and storage (CCS) project in neig...

The South Korean government and the private sector will jointly create a corporate venture capital (CVC) fund pool worth more than 8 trillion won ($...

FADU Technology, the first unicorn in South Korea’s semiconductor sector, has embarked on a process to raise up to 193.8 billion won ($151 mil...

Global top ultracapacitor player LS Materials Co. is expected to go public in South Korea this year, which would mark the first LS Group company IPO...

South Koreans are maintaining their love for premium fashion items with purchases of used luxury items and "quiet luxury" goods amid a slowdown in A...

Samsung Electronics Co., the world’s largest TV maker, is set to reduce the procurement of panels from BOE Technology Group Co., the global li...

Korea Investment Corporation (KIC) saw the net value of its traditional assets rise 8.25% in the first half of this year, backed by the strong perfo...

South Korea’s central bank on Thursday kept the door open for another interest rate hike after leaving the policy borrowing cost unchanged for...

Regulatory reform is still slow in South Korea, obstructing innovation in technologies and industries, and the government must take bolder action to...

South Korean shipbuilder Samsung Heavy Industries revealed on Tuesday that it has attained cutting-edge technology enabling the precise analysis of ...

South Korean AI-powered edtech firm Riiid will enter the Brazilian public education market. The company announced on Wednesday that it has signed a ...

South Korea’s National Pension Service (NPS) has logged an 8.63% profit in fund management in January-April this year thanks to strong equity ...

The average salary of accountants at Big Four accounting firms in South Korea has more than doubled over the past few years, as financial regulators...

South Korea's energy service, petrochemical and real estate development company Hanwha Solutions Corp. will build H-Techno Valley, an industrial com...

South Korean beauty and cosmetics giant Amorepacific Corp. has temporarily opened a staff-only space to BTS fans.  The company’s Seoul h...

South Korea's SK Bioscience Co. will resume making domestic flu vaccines by year's end, two years after it stopped production to supply a vaccine fo...

Foreigners bought a record $11.43 billion in South Korean stocks and bonds in May, boosting the value of the won versus the dollar amid the greenbac...

LG Group will reportedly launch next month a global strategy center to analyze business trends abroad and devise responses.Industry sources on Sunda...

Sam Altman, chief executive of Microsoft-backed OpenAI and ChatGPT creator, said on Friday that he hopes to collaborate with South Korean developers...