Asia's largest startup fair NextRise 2024 held in Seoul

Asia's largest startup fair NextRise 2024 held in Seoul

The Korea International Trade Association and Korea Development Bank announced on Thursday that the Asia's largest startup fair "NextRise 2024 Seoul...

Affluent Gen Xers lead e-commerce shopping in South Korea

Affluent Gen Xers lead e-commerce shopping in South Korea

Affluent Generation Xers, also pioneers in the digital landscape who navigated the early days of personal computing and witnessed the advent of the ...

Hyundai to debut car-carrier hydrogen trucks in H2

Hyundai to debut car-carrier hydrogen trucks in H2

Hyundai Motor Co. plans to roll out car carrier trailers and refrigerator trucks powered by hydrogen in the second half of this year with a focus on...

SK, Geely join forces for EV battery, component production

SK, Geely join forces for EV battery, component production

SK Inc., the holding company of South Korea’s No. 2 conglomerate SK Group, will join forces with Chinese auto giant Zhejiang Geely Holding Gro...

Doosan Bobcat to buy ex-sibling Mottrol for $178.6 million

Doosan Bobcat to buy ex-sibling Mottrol for $178.6 million

Doosan Bobcat Inc., a major compact construction machinery and equipment maker under South Korean conglomerate Doosan Group, will buy back its forme...

Rebellions-Sapeon Korea merger to challenge Nvidia’s AI chip dominance

Rebellions-Sapeon Korea merger to challenge Nvidia’s AI chip dominance

Rebellions Inc., a South Korean artificial intelligence chip design startup, is merging with its crosstown rival Sapeon Korea Inc., an AI chip firm ...

Hanwha picked to develop KF-21’s unmanned escort plane radars

Hanwha picked to develop KF-21’s unmanned escort plane radars

Hanwha Systems Co., a South Korean aerospace and defense contractor, has been picked as a preferred developer by the state-run Korea Institute for D...

Korea may mandate pension plans for all workplaces from 2025

Korea may mandate pension plans for all workplaces from 2025

South Korea is seeking to introduce corporate pension plans to all workplaces in stages starting next year, alongside mandatory contributions to the...

S.Korea’s current account swings to deficit on higher dividend payouts

S.Korea’s current account swings to deficit on higher dividend payouts

South Korea logged a current account deficit in April, ending a streak of surpluses for the past 11 months, on seasonal factors such as increased di...

HYBE accelerates transition into platform company

HYBE accelerates transition into platform company

HYBE Co. is accelerating its push to transform into a platform company as it prepares to launch a new digital fan community platform. This platform ...

Hyundai Motor to restore forest ecosystem

Hyundai Motor to restore forest ecosystem

Hyundai Motor Co. announced on Monday that it signed a memorandum of understanding (MOU) for a Sustainable Forest Ecosystem Restoration Project with...

Korean retail investors’ US stockholdings at record high

Korean retail investors’ US stockholdings at record high

South Korean individual investors’ US stockholdings swelled to a record $82.19 billion as of early June amid the US stock market rally, while ...

Kia launches 2024 model year of Morning

Kia launches 2024 model year of Morning

Kia Corp. announced on Monday that it launched its flagship compact car Morning's model year the 2024 Morning. The 2024 Morning featured the ne...

Southeast Asia, Korea Inc’s new IT outsourcing powerhouse

Southeast Asia, Korea Inc’s new IT outsourcing powerhouse

PHNOM PENH – South Korean technology companies grappling with prolonged software developer shortages are actively broadening their search for ...

Korea's short-selling ban impedes MSCI index upgrade

Korea's short-selling ban impedes MSCI index upgrade

South Korea is expected to retain its MSCI’s emerging market status as the global index provider said in its June 6 report that the country&rs...

Hyundai to launch EV model of Staria minivan in 2026

Hyundai to launch EV model of Staria minivan in 2026

South Korea’s top automaker, Hyundai Motor Co., is slated to launch an electric vehicle model of its Staria van in 2026 to respond to the inte...

Samsung Biologics eyes windfall gain amid US-China row

Samsung Biologics eyes windfall gain amid US-China row

SAN DIEGO – Samsung Biologics Co. is enjoying a stream of contract development and manufacturing order inquiries from big pharmaceutical compa...

S.Korea beats Japan in GNI per capita for 1st time in 2023

S.Korea beats Japan in GNI per capita for 1st time in 2023

South Korea outstripped Japan in terms of per capita gross national income (GNI) for the first time in 2023, central bank data showed, with the Japa...

Korea's KDB widens gap in VC fundraising in H1; NPS to fund in July

Korea's KDB widens gap in VC fundraising in H1; NPS to fund in July

The capital commitments of state-run Korea Development Bank (KDB) have widened the gap for South Korean venture capital firms in fundraising over ...

YouTube, Coupang offer Shopping affiliate program in Korea

YouTube, Coupang offer Shopping affiliate program in Korea

YouTube has started offering its Shopping affiliate program in South Korea in partnership with the country’s No. 1 e-commerce platform company...

Korea’s non-financial firms rush to issue perpetual bonds

Korea’s non-financial firms rush to issue perpetual bonds

Perpetual bond offerings by non-financial firms in South Korea are poised to hit new records this year as many companies have flocked to the hybrid ...

Korea’s Kakao Mobility unveils global ride-hailing app to court Uber

Korea’s Kakao Mobility unveils global ride-hailing app to court Uber

Kakao Mobility Corp., South Korea’s top ride-hailing service provider, on Tuesday introduced the release of its global app, taking on global g...

Dongbu Corp exceeds $730 bn in new orders

Dongbu Corp exceeds $730 bn in new orders

South Korea's Dongbu Corporation surpassed 1 trillion won ($727 million) in new orders this year by securing a 200 billion won ($145 million) railwa...

Jeju Air, Lion Air codeshare Incheon-Bali route

Jeju Air, Lion Air codeshare Incheon-Bali route

South Korea’s budget carrier Jeju Air Co. announced on Tuesday that it signed a codeshare agreement with Indonesia's largest low-cost airline,...

Eco-friendly cars reboot Hyundai, Kia’s US sales in May

Eco-friendly cars reboot Hyundai, Kia’s US sales in May

Hyundai Motor Co. and Kia Corp., car manufacturers of the global No. 3 automaker Hyundai Motor Group, reported a rebound last month on sales in the ...

Korea’s KT, Microsoft form strategic alliance on AI, cloud sectors

Korea’s KT, Microsoft form strategic alliance on AI, cloud sectors

South Korea’s leading telecommunications service provider KT Corp. has formed a strategic alliance with US tech giant Microsoft Corp. to colla...

HD Hyundai supplies large hydrogen forklifts to Korea Zink

HD Hyundai supplies large hydrogen forklifts to Korea Zink

South Korea's HD Hyundai XiteSolution announced on Monday that it deployed its four 5-ton hydrogen forklifts in Korea Zinc Inc.'s Onsan Refinery and...

S.Korea’s inflation slows to 10-month low amid tight policy

S.Korea’s inflation slows to 10-month low amid tight policy

South Korea’s headline inflation slowed to a 10-month low in May as the Bank of Korea kept its interest rate policy tight, adding to the centr...

Korea’s LS Group to operate brokerage firm LS Securities

Korea’s LS Group to operate brokerage firm LS Securities

South Korean cable-to-energy giant LS Group said on Monday that it has renamed brokerage subsidiary eBest Investment & Securities to LS Securiti...

Korea’s BC Card starts QR code payment service in Malaysia

Korea’s BC Card starts QR code payment service in Malaysia

South Korea’s credit card issuer BC Card Co. introduced its QR code payment service in Malaysia through cooperation with the country’s n...

Samsung Electro-Mechanics’ plan to build plant in Mexico shelved amid Trump tariffs Fictional K-pop band Saja Boys beat BTS, Blackpink to top US Spotify charts S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A