Foreign visitors to S.Korea on course to top 10 mn milestone

Foreign visitors to S.Korea on course to top 10 mn milestone

The number of foreign visitors to South Korea spiked 158.3% to 1.23 million in October from the month previous, the Korea Tourism Organization said ...

Korea to raise unskilled foreign worker visa quota to record high

Korea to raise unskilled foreign worker visa quota to record high

South Korea is set to increase its visa quota for non-professional foreign workers to a record high and expand the sectors in which they can work to...

Lotte mulls Lotte World Tower spruce-up to rival Azabudai Hills Tower

Lotte mulls Lotte World Tower spruce-up to rival Azabudai Hills Tower

Lotte Group is considering sprucing up the Lotte World Tower in Seoul, the tallest building in South Korea, to maintain its position as a landmark s...

S.Korean webcomics inspire foreign screen adaptations

S.Korean webcomics inspire foreign screen adaptations

South Korea’s digital comics are reaching beyond borders with a boom of their adaptations into foreign movies and TV series thanks to glo...

Imported cars set to snap 3-year growth streak in S.Korea

Imported cars set to snap 3-year growth streak in S.Korea

Imported passenger cars are expected to see their first retreat in four years in South Korea on the growing popularity of domestic luxury models suc...

Asiana’s cargo unit sale faces tough hurdles before KAL merger

Asiana’s cargo unit sale faces tough hurdles before KAL merger

The proposed merger of Korean Air Lines Co. (KAL) and Asiana Airlines Inc. has moved one step closer to completion with Asiana’s backing of it...

CJ Olive Young opens specialized store for foreigners in Seoul

CJ Olive Young opens specialized store for foreigners in Seoul

South Korea's health and beauty store chain CJ Olive Young announced on Wednesday it has changed its flagship store Olive Young Myeongdong Town as...

Korea plans wider crackdown on foreigners’ short-selling

Korea plans wider crackdown on foreigners’ short-selling

South Korea’s financial regulator plans wider investigations into illegal short-selling trades by major foreign investment banks to ease conce...

BBQ's Chicken Camp gets popularity from foreign tourists

BBQ's Chicken Camp gets popularity from foreign tourists

Foreign tourists looking for Chicken Camp, operated by BBQ, a South Korean fried chicken brand, have been increasing noticeably. Chicken Camp is a c...

CU to sell souvenir snack set for foreign tourists

CU to sell souvenir snack set for foreign tourists

South Korean convenience store chain CU next month will launch a souvenir snack set for foreign tourists.This will be the first product of its kind ...

S.Korean VCs go global for breakthrough

S.Korean VCs go global for breakthrough

South Korean venture capitalists are actively discovering attractive investment assets overseas to find a breakthrough amid a prolonged local VC dro...

KIC heavily relies on foreigners for alternative investments

KIC heavily relies on foreigners for alternative investments

Korea Investment Corporation (KIC) entrusted most of its money for investments in alternative assets such as real estate and private equity to forei...

Seoul to launch AI chatbot service for foreign visitors' tour planning

Seoul to launch AI chatbot service for foreign visitors' tour planning

Seoul city government is in talks with tech firms including Google LLC, Microsoft Corp. and Naver Corp. to provide foreigners with artificial intell...

Hyundai Motor to manufacture BAIC’s Arcfox EVs in China

Hyundai Motor to manufacture BAIC’s Arcfox EVs in China

BEIJING -- Hyundai Motor Co. is set to manufacture electric vehicles of Arcfox, a Chinese EV brand owned by BAIC Motor Corp., as the leading South K...

Tesla Model Y reclaims spot as Koreans' favorite foreign car in September

Tesla Model Y reclaims spot as Koreans' favorite foreign car in September

The Tesla Model Y reclaimed the top spot on the best-selling imported car list in South Korea last month for the first time since September 2022. Th...

Foreign tourists can use Kakao Taxi in S.Korea

Foreign tourists can use Kakao Taxi in S.Korea

South Korea’s Kakao Mobility announced on Thursday that it has started integrating its taxi service app Kakao T with overseas apps. Foreign to...

Foreign visitors to S.Korea more than triple on-year in August

Foreign visitors to S.Korea more than triple on-year in August

The number of foreign tourists visiting South Korea has exceeded 1 million for two consecutive months since the outbreak of COVID-19.According to th...

S.Korea to extend forex trading hours from Oct. 4 to lure foreign dealers

S.Korea to extend forex trading hours from Oct. 4 to lure foreign dealers

South Korea will extend the operating hours of the domestic foreign exchange market from next month, allowing foreign currency dealers to directly p...

S.Korea to expand quota of foreign skilled workers to 35,000

S.Korea to expand quota of foreign skilled workers to 35,000

The South Korean Ministry of Justice announced on Monday that it will expand the quota of foreign skilled workers from the current 2,000 to 35,000.E...

K-food behind Japanese travelers' rush to S.Korea

K-food behind Japanese travelers' rush to S.Korea

South Korea is actively promoting itself as a foodies’ heaven to invite more Japanese tourists who have already contributed the most to the co...

Foreign visitors' portion of Jeju Island consumption increases: report

Foreign visitors' portion of Jeju Island consumption increases: report

It has been revealed that spending by foreign tourists visiting Jeju Island has significantly increased since the end of the COVID-19 pandemic.Accor...

Lotte Mart at Seoul Station redesigned to lure foreign shoppers

Lotte Mart at Seoul Station redesigned to lure foreign shoppers

South Korea’s Lotte Mart reopened its hypermarket at Seoul train station on Thursday following a four-month renovation to attract more foreign...

Korea warns foreigners of stricter rules on illegal short selling

Korea warns foreigners of stricter rules on illegal short selling

South Korea’s financial watchdog urged foreign brokerage firms to strengthen their internal control systems to ban illegal short selling on th...

Foreign visitors to S.Korea in July surpass 1 mn post-COVID-19

Foreign visitors to S.Korea in July surpass 1 mn post-COVID-19

The number of foreign tourists visiting South Korea has exceeded 1 million in a month for the first time since the outbreak of COVID-19. According t...

Samsung to hire experienced foreign staff in R&D

Samsung to hire experienced foreign staff in R&D

Three affiliates of Samsung Group are looking to hire outstanding foreign researchers.Samsung Electronics Co., Samsung Display and Samsung SDI Co. o...

The Hyundai Seoul attracts 100 mn visitors in 30 months

The Hyundai Seoul attracts 100 mn visitors in 30 months

The Hyundai Seoul, the largest shopping mall in the South Korean capital, has attracted over 100 million visitors since its opening to emerge as a h...

Seoul’s slow but enduring push to be Asia’s premier financial hub

Seoul’s slow but enduring push to be Asia’s premier financial hub

It is a long-cherished dream of Seoul, the capital city of South Korea, to present itself to the world as Asia’s prime financial hub, but the ...

Seoul Metro to develop communication system for foreign passengers

Seoul Metro to develop communication system for foreign passengers

Foreign users of major subway stations in Seoul can communicate with Seoul Metro Corp. staff through simultaneous translation.  Through artific...

S.Korea's Lotte Department Store launches 'K-Beauty' tour service

S.Korea's Lotte Department Store launches 'K-Beauty' tour service

South Korea's Lotte Department Store on Monday announced the launch of a "K-Beauty tour" service for foreign tourists.The company will first give fr...

Santa Fe, Sorento, Torres to lead mid-sized SUV sales war in Korea

Santa Fe, Sorento, Torres to lead mid-sized SUV sales war in Korea

Three leading South Korean automakers – Hyundai Motor Co., Kia Corp. and KG Mobility Corp. – are upping the ante in their fight to garne...

Saudi Crown Prince bin Salman courts Korean AI startups as Riyadh, Abu Dhabi vie to build tech hubs K Shipbuilding up for sale as Korean shipyards ride new boom Samsung to buy US health tech firm Xealth in digital health push Korean waste management firm Koentec put on market for $730 mn US unveils 25% tariffs on S.Korea, sets Aug. 1 deadline for agreement