President Lee meets with Samsung chief amid stalled US-Korea trade talks

South Korean President Lee Jae-Myung met with Samsung Electronics Co. Chairman Lee Jae-yong on Thursday amid growing speculation that Seoul may leve...

Seoul likely to miss US tariff deal deadline as Washington abruptly cancels 2+2 trade talks

The United States has abruptly postponed high-level trade talks with South Korea, raising concerns in Seoul that it is slipping down Washington&rsqu...

CJ CheilJedang scraps sale of Brazilian unit CJ Selecta to Bunge

CJ CheilJedang Corp., South Korea’s largest food company, has cancelled the sale of a 66% stake in Brazilian soybean crusher CJ Selecta S.A. a...

Trump’s tariffs are hitting exports, early Korean data show

The effects of President Trump’s new tariffs are starting to be felt across the world, preliminary South Korean trade data suggest, as Seoul p...

S.Korea's Han, Trump discuss transactional diplomacy in 1st direct talks

South Korea’s Acting President and Prime Minister Han Duck-soo spoke with US President Donald Trump on Tuesday to discuss various issues of mu...

Korea, China, Japan resume FTA talks after 6-year hiatus

South Korea held an economic ministers’ meeting with China and Japan on Sunday to discuss cooperation, including resuming negotiations about a...

Korail to join Manila railway maintenance project

South Korea's state-run railway company Korea Railroad Corporation (Korail) said on Monday that it participates in the operation and maintenance (O&...

KEPCO, Burns & McDonnell to cooperate on power grid projects

Korea Electric Power Corp. (KEPCO), the South Korean state-run utility company, said on Tuesday that it signed a cooperation agreement for the joint...

S.Korea, Thailand launch negotiations for EPA

South Korean and Thai governments declared the launch of negotiations for the Economic Partnership Agreement (EPA) on Thursday. South Korea’s ...

Korea, Indonesia to facilitate bilateral trade in won, rupiah

The central banks of South Korea and Indonesia agreed to facilitate the settlement of bilateral trade in their currencies from next year as the elec...

Korea, Chile launch 8th round of FTA upgrade negotiations

The eighth round of negotiations for modernizing the Korea-Chile Free Trade Agreement (FTA) will take place in Seoul from November 29 to December 1....

BP, Corio to invest $1.1 billion in S. Korea as Seoul-London ties deepen

LONDON – British offshore wind power developer Corio Generation and energy giant BP Plc have agreed to invest a combined 1.5 trillion won ($1....

S.Korea-UK upgrade bilateral ties, sign deals on nuclear plants, chips

LONDON – South Korea and the UK have agreed to upgrade their bilateral relationship and closely cooperate in the defense, security and busines...

Hanwha Aerospace to develop engine materials for military UAVs

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

S.Korea exports Hanwoo beef to Cambodia for 1st time

The premium Korean beef Hanwoo was exported to Cambodia on Monday for the first time, marking the culmination of eight years of quarantine negotiati...

CJ Foodville picks Arges PE as preferred negotiator to attract investment

Arges Private Equity has been chosen as the preferred negotiator for attracting investment in CJ Foodville, the food service subsidiary of South Kor...

S.Korea, Laos boost partnership in global drive to cut CO2 emissions

South Korea's Ministry of Trade, Industry and Energy on Tuesday held talks with Laos' Ministry of Natural Resources and Environment at the Seoul hea...

Korea's SM buys shipping line HMM shares ahead of bidding

South Korea’s SM Group has increased its ownership in HMM Co., the country’s top container shipping line. The 30th-largest conglomerate ...

S.Korea's shipbuilders near $9.4 bn in LNG carrier orders from Qatar

South Korea's top three shipbuilders -- HD Hyundai Heavy Industries Co., Hanwha Ocean Co. and Samsung Heavy Industries -- as early as September wi...

S.Korea, Japan to resume bilateral currency swap for dollars

South Korea and Japan are set to revive their bilateral currency swap line to bolster their dollar liquidity this week after an eight-year suspensio...

S.Korea to discuss bilateral currency swap with Japan

South Korea plans to discuss with Japan the re-establishment of their bilateral currency swap line, said its finance minister on Thursday, as the di...

LS Cable, Hanwha to build S.Korea’s largest offshore wind farm

South Korea's LS Cable & System announced on Wednesday that it has been selected as the priority negotiator for the supply of submarine cables f...

KCCI, JCCI hold a working level meeting in six years

Business representatives from South Korea and Japan gathered for the first time in six years, with the Korea Chamber of Commerce and Industry (KCC...

Dongwon Industries in talks to buy McDonald’s Korea as exclusive suitor

Dongwon Industries Co. will discuss a deal with McDonald’s Corp. to buy the latter’s Korean operations in hopes of riding on the renewed...

DL E&C, Doosan to invest $25 mn in SMR developer X-Energy

South Korea’s DL E&C Co. and Doosan Enerbility Co. will invest a combined $25 million in X-Energy Reactor Co., a US-based small modular re...

South Korea's economic bodies urge revision of US Inflation Reduction Act

Six leading economic organizations in South Korea have sent a joint letter to the US government and Congress requesting revision of the US Inflation...

Shinhan Future's Lab opens startup accelerator in Japan

South Korea's Shinhan Financial Group said on Monday it held a ceremony Friday to launch Shinhan Future's Lab Japan in Tokyo.The business accelerati...

Korean PM Han says EV tax credits may violate FTA rules

The US Inflation Reduction Act (IRA) appears to have violated the Free Trade Agreement (FTA) between the country and South Korea, Korean Prime Minis...

Korea eyes $3.8 billion in Redback armored vehicle exports to Australia

South Korea is expected to clinch a deal to export more than 5 trillion won ($3.8 billion) worth of armored vehicles to Australia, which is strength...

Hyundai asks US state of Georgia for more incentives

Hyundai Motor Co. discussed additional incentives on its planned electric vehicle plant in Georgia with the US state's government as the leading Sou...