economic growth rate

LG Electronics Inc.'s home appliance factory in Tennessee, the US, has been selected as a "Lighthouse Factory" by the World Economic Forum (WEF) for...

South Korea's LG Chem Ltd. on Sunday said its CEO and Vice Chairman Shin Hak-cheol on Thursday will be named chair of the Chemical and Advanced Mate...

SAN FRANCISCO – SK Inc.,  the investment and holding company of South Korea’s SK Group, expects significant growth in its biopharma...

South Korea’s central bank on Friday raised interest rates by a quarter point to 3.5%, while signaling a further cut in its economic growth fo...

Saudi Arabia’s Public Investment Fund (PIF) and Singapore’s sovereign wealth fund GIC have agreed to invest a combined $964 million in K...

Profitable South Korean startups succeeded in fundraising despite an economic downturn as investors sought stable earnings from companies with clear...

South Korea’s secondhand car market is cooling rapidly as both dealers and buyers are reeling from elevated interest rates, which also bode il...

Ford Motor Co. is in talks with LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, to build a cell factory in...

Samsung Electronics Co., the world's largest memory chip and smartphone maker, is set to launch its first robot later this year to care for the elde...

South Korea’s move to privatize container shipping line HMM Co. to recover taxpayer money is gaining traction as government officials start lo...

South Korea's shipbuilding exports this year are expected to jump 76.1% from last year to $32.4 billion to lead all major manufacturing industries i...

South Korea's KB Asset Management Co. is set to sell two three-star hotel buildings in Myeong-dong, one of the most popular spots for foreign touris...

Hyundai Motor Group Chairman Chung Euisun has vowed to turn the South Korean automotive giant into a state-of-the-art tech company to lead the pack ...

South Korea's companies expect both sales and exports this year to decline in the 1% range from last year, predicting economic growth in the low 1% ...

South Korean companies are rushing to raise cash from the beginning of the new year amid growing concerns over a global economic downturn and market...

The Hyundai Motor Group is aiming to boost sales by 10% this year from 2022, above an estimated single-digit growth in the global automotive market....

Samsung Electronics Co., the world’s largest memory chip and smartphone maker, is set to invest 59 billion won ($46.4 million) in South Korean...

South Korea's two major importers of liquefied petroleum gas (LPG), E1 Corp. and SK Gas Corp., have both cut their supply price of LPG in the first ...

Hyundai Motor Group, South Korea’s top automaker, plans to consider building an assembly plant for electric vehicles and internal combustion e...

Woori Financial Group said on Thursday it has earned an AA rating for the second consecutive year in the global ESG rating announced by Morgan Stanl...

South Korea’s electronics-to-battery conglomerate LG Group expects its received orders for auto components to reach over 500 trillion won ($...

With both exports and domestic spending growing shakier amid the global economic downturn, South Korean business sentiment has taken a backward step...

SK Inc., SK Group's investment arm, won the highest AAA ratings from both Morgan Stanley Capital International (MSCI) and the Dow Jones Sustainabili...

South Korean conglomerate SK Group is considering selling some of its assets in Vietnam and Malaysia owned by its investment vehicle SK South East A...

South Korean politician Yang Hyang-ja, a Samsung Electronics Co. executive-turned-lawmaker, criticized her fellow lawmakers' decision to raise the p...

LIG Nex1 Co. said on Friday that it has signed an agreement with the Naval Logistics Command for the Maritime Surveillance Radar-II project, which w...

South Korea’s confectionery and snack maker Orion Corp. is enjoying rapid growth in Vietnam, thanks to brisk sales of the Choco-Pie, a chocola...

South Korea’s Lotte Engineering & Construction Co. said on Dec. 22 it is considering building vertiports on the rooftops of its retail aff...

In October, commercial building sales in Seoul plunged to the level of the 2008 global financial crisis.According to an analysis of actual transacti...

Samsung Electronics Co. Chairman Jay Y. Lee embarked on a business trip to Vietnam on Wednesday to attend an opening ceremony for a research and dev...