cost cuts

South Korea’s chipmaking giants Samsung Electronics Co. and SK Hynix are set to pay hundreds of millions of dollars in corporate taxes to fore...

Hyundai Steel Co. and Samsung Electronics Co. said on Monday they have developed technology that can recycle the chipmaker’s wastewater sludge...

LS-Nikko Copper Inc., the world’s second-largest electrolytic copper maker, is beginning to reap the rewards of its smart factory project bega...

Industrial Bank of Korea (IBK) is slated to raise $500 million in dollar corporate bond at a lower-than-planned cost on strong demand.IBK decided to...

LS-Nikko Copper Inc., the world’s second-largest electrolytic copper maker, is beginning to reap the rewards of its smart factory project bega...

Kakao Corp. will be abandoning its growth model that has transformed once a mere mobile messenger operator into one of South Korea's largest busines...

The South Korean government will sell another big chunk of its remaining shares in Woori Financial Group by year's end to finally give up its top sh...

South Korea’s government delayed a sale of foreign exchange stabilization fund bonds to next month, disrupting local companies’ plans to...

Shares in South Korean steelmakers rose sharply in active trade on Tuesday, on the prospect that the declining iron ore price and Chinese rivals' ou...

Kakao Pay Corp., the digital settlement platform unit of South Korea’s top messaging app operator Kakao Corp., has slashed its initial publi...

LG Chem Ltd.’s battery unit LG Energy Solution Ltd. will not be listed on Kospi within the third quarter. Investors are keeping close eyes on ...

Samsung Electro-Mechanics is expected to benefit as the COVID-19 has hit its competitors in the global multi-layer ceramic capacitor (MLCC) market.T...

South Korea’s National Pension Service, the world’s third-largest pension fund, was set to reduce outsourcing of foreign bond investment...

Shares of LG Chem Ltd. and LG Electronics Inc. fell sharply on Monday in Seoul following General Motors Co.’s announcement on Friday that it w...

Shares in global carmakers such as Hyundai Motor Co. and Toyota Motor Corp. are tumbling. The automotive chip shortage is expected to deteriorate fu...

Korea Gas Corp. (KOGAS) cut imports costs on liquefied natural gas (LNG) from Qatar for 20 years thanks to COVID-19 test kits.KOGAS signed on July 1...

South Korea’s shipbuilding industry has maintained the top position worldwide in new orders for three straight months up to July.According to ...

Korea Midland Power Co. (KOMIPO) raised $300 million in a dollar corporate bond at a lower interest rate than planned on strong demand among foreign...

The share prices of South Korea’s major steelmakers, which observed a period of a downturn over the last two months, is making a rebound amid ...

Prices of core raw materials such as lithium and cobalt for electric vehicle (EV) batteries jumped to threaten the global auto industry’s key ...

South Korea’s antitrust regulator said on Thursday it is extending the deadline for Germany’s Delivery Hero SE to sell food delivery pla...

Korea’s low-cost carriers (LCCs) are projected to post another period of financial loss in the second quarter of 2021.According to analyst est...

Korean Air Lines Co. (KAL) will not put Asiana Airlines Inc.'s two low-cost carriers (LCCs) up for sale after it completes its 1.8-trillion-won ($1....

Some of the most cash-abundant firms across different industries in South Korea are issuing large amounts of bonds to raise even more funds amid a l...

Delivery Hero SE has requested up to another six months to sell South Korea's No. 2 food delivery platform Yogiyo, the estimated value of which was ...

Jeju Air Co., South Korea’s largest low-cost carrier (LCC), seeks to raise some $175 million in new shares to boost its capital base, raising ...

KDB Investment, in an announcement on July 5, has confirmed Jungheung Construction Co. as the preferred bidder for the acquisition of Daewoo Enginee...

Global IT giant Google is facing strong backlash from South Korean game companies angry with having to pay a 30% commission on in-app purchases whil...

Last week’s devastating fire at a Coupang distribution center, which reportedly burned down more than 16 million items for delivery, is expect...

South Korea’s automakers are facing a drastic increase in manufacturing costs. Raw material prices are soaring and the global chip shortage re...