Korea’s heavy dependence on China for raw materials deepens

Korea’s heavy dependence on China for raw materials deepens

While the urea crisis in 2021 laid bare South Korea’s heavy dependence on China for basic raw materials, concerns are growing that Korea&rsquo...

Canada's coffee brand Tim Hortons to open store in Gangnam

Canada's coffee brand Tim Hortons to open store in Gangnam

Canada's No. 1 coffee chain Tim Hortons revealed plans on Tuesday to establish its first South Korean flagship store at the bustling intersection of...

Synthetic diamonds with ESG value lure Korean shoppers

Synthetic diamonds with ESG value lure Korean shoppers

Lab-grown diamonds, cultured in laboratories wth advanced technologies, are garnering attention from South Korean consumers as they are produced mor...

S.Korea's KT invests in domestic startups Upstage, Qanda

S.Korea's KT invests in domestic startups Upstage, Qanda

South Korea's KT Corp. has invested 20 billion won ($15 million) in two domestic artificial intelligence (AI) startups. For the second time in ...

S.Korea, Indonesia to bolster high-tech partnership

S.Korea, Indonesia to bolster high-tech partnership

JAKARTA, Indonesia -- South Korea and Indonesia have affirmed their commitment to expanding the scope of business cooperation from high tech to food...

KB Financial Vice Chairman Yang named sole chairman candidate

KB Financial Vice Chairman Yang named sole chairman candidate

KB Financial Group Inc. has chosen Yang Jong-hee, its vice chairman, as the sole candidate for its next chief in charge of South Korea’s leadi...

S.Korea to receive $1 bn in unpaid bills from Uzbek gas project

S.Korea to receive $1 bn in unpaid bills from Uzbek gas project

South Korean firms are poised to receive $1 billion in unpaid bill that has accumulated since 2017 from Uzbekistan’s Surgil gas project as the...

SK Ecoplant to build data center linked to landing station in Pohang

SK Ecoplant to build data center linked to landing station in Pohang

South Korea's SK Ecoplant is set to establish, for the first time in South Korea, a global data center linked to a landing station in Pohang, North ...

S.Korea posts current surplus on bigger import decline in July

S.Korea posts current surplus on bigger import decline in July

South Korea maintained a surplus in the current account balance for the third consecutive month in July, driven by its positive goods trade balance ...

POSCO to lead Korea-Australia hydrogen, minerals partnership

POSCO to lead Korea-Australia hydrogen, minerals partnership

POSCO Group, South Korea’s largest steelmaker, will lead the country's efforts to cement a partnership with Australia in a broader range of ar...

S.Korea inks FTA with Philippines, boon to Korean car exports   

S.Korea inks FTA with Philippines, boon to Korean car exports   

South Korea has signed a free trade pact with the Philippines, which is expected to bolster Korean car exports to the Southeast Asian country with a...

S.Korea's Eximbank, Australia's EFA sign MOU on mineral supply chains

S.Korea's Eximbank, Australia's EFA sign MOU on mineral supply chains

The Export-Import Bank of Korea (Eximbank) on Thursday in Seoul signed a memorandum of understanding with Export Finance Australia (EFA) on cooperat...

Korea Inc. to focus more on India, Vietnam as biz partners

Korea Inc. to focus more on India, Vietnam as biz partners

South Korean companies are set to concentrate more on business with emerging markets including India and Vietnam than Asian major countries such as ...

S.Korea’s web novel sector hits $750 mn in value: Study

S.Korea’s web novel sector hits $750 mn in value: Study

South Korea's rising web novel industry, which has seen popular works like "Reborn Rich" and "The Red Sleeve" made into TV series, has exceeded 1 tr...

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...

Snack maker Orion earns dividends from Vietnam for 1st time

Snack maker Orion earns dividends from Vietnam for 1st time

South Korea’s confectionery and snack manufacturer Orion Corp. collected dividends from its Vietnamese unit for the first time as the company ...

High price, quality issues slow Kia EV9 sales in Korea

High price, quality issues slow Kia EV9 sales in Korea

Kia Corp., South Korea’s No. 2 automaker, is struggling to sell its flagship large all-electric sport utility vehicle EV9 at home as high pric...

LG seeks outside innovators' ideas on new growth drivers at Superstart Day    

LG seeks outside innovators' ideas on new growth drivers at Superstart Day    

LG Group, South Korea’s fourth-largest business group, is actively embracing collaboration with outside innovators to foster its new growth dr...

E-Mart opens 4th Korean hypermarket in Ulaanbaatar

E-Mart opens 4th Korean hypermarket in Ulaanbaatar

South Korea’s top supermarket chain E-Mart Inc. launched its fourth hypermarket in Ulaanbaatar on Thursday with a stronger push for Korean bra...

Shinhan Card collaborates with Singapore Air

Shinhan Card collaborates with Singapore Air

Shinhan Card announced on Thursday that it has launched the "Singapore Airlines KrisFlyer the Best Shinhan Card" through a strategic partnership wit...

Samsung releases Galaxy Z Fold5 Thom Browne edition

Samsung releases Galaxy Z Fold5 Thom Browne edition

Samsung Electronics Co. announced on Thursday that it will unveil the Galaxy Z Fold5 Thom Browne edition, a foldable smartphone created in collabora...

Amorepacific's Hera enters Japanese market

Amorepacific's Hera enters Japanese market

South Korea's Amorepacific Corp. announced on Thursday that its premium color cosmetics brand Hera has launched in Japan, signaling a significant mo...

S.Korean food company hy boosts cosmetics unit

S.Korean food company hy boosts cosmetics unit

South Korea’s hy, formerly Korea Yakult, has launched cosmetics made with fermented products using its self-developed lactic acid bacteria, ex...

S.Korea's Lotte Group helps SMEs penetrate Indonesian market

S.Korea's Lotte Group helps SMEs penetrate Indonesian market

South Korea's Lotte Group through Friday is holding the event Korea Expo in Jakarta in the Indonesian capital with the Korea Trade-Investment Promot...

Hyundai Infracore to set up German unit in bet on Europe

Hyundai Infracore to set up German unit in bet on Europe

HD Hyundai Infracore Co., a South Korean construction equipment manufacturer, will set up its first directly managed European subsidiary in Germany,...

Korea's National Geographic Apparel steps up push into China

Korea's National Geographic Apparel steps up push into China

South Korean fashion company The Nature Holdings Co. is set to expand the presence of its outdoor clothing brand National Geographic Apparel in Chin...

Korean startups join hands amid dwindling funding, acceleration support

Korean startups join hands amid dwindling funding, acceleration support

Collaboration is becoming active among peer startups in South Korea to create synergy between different technologies and accelerate an early stage s...

Over 130 Chinese travel industry officials visit S.Korea

Over 130 Chinese travel industry officials visit S.Korea

Since the Chinese government allowed its citizens to participate in group tours to South Korea last month, Chinese travel industry representatives h...

Disney Plus movin’ on up in Korea with hit K-drama series 'Moving'

Disney Plus movin’ on up in Korea with hit K-drama series 'Moving'

Disney Plus, a global over-the-top (OTT) streaming service provider, is rapidly enhancing its presence in South Korea, with its latest original seri...

S.Korea's Boryung gets gov’t OK for diabetes drug Trubuddy

S.Korea's Boryung gets gov’t OK for diabetes drug Trubuddy

South Korea’s Boryung Corp. on Tuesday said it received approval from the Ministry of Food and Drug Safety for its new compound diabetes drug ...

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