China’s BYD to enter South Korea’s passenger electric car market

China’s BYD Co., the world’s largest electric vehicle maker, is set to enter South Korea’s passenger EV market, setting off alarm ...

Starbucks reigns in coffee republic of South Korea; Drink, play and work

In South Korea, coffee is not just something to drink. It’s a culture, in which people drink, play and work.Koreans’ love affair with co...

Samsung Asset to launch S.Korea's first obesity treatment ETF

Korea Exchange announced on Thursday that it will list Samsung Asset Management's "KODEX Global Obesity Treatment Top 2 Plus exchange-traded fund (E...

KT’s 2023 sales rise to all-time yearly high on wireless, internet business

South Korea’s leading telecommunications company KT Corp. on Thursday posted record annual sales revenue for 2023, buoyed by steady growth in ...

Lotte Rental, KB Capital to co-work for car rental

Lotte Rental Co., South Korea's largest car rental firm, has signed a strategic memorandum of understanding (MOU) with the domestic financial comp...

Doosan Enerbility faces record $15 mn in fines for improper bookkeeping

South Korea's major power plant builder Doosan Enerbility Co. faces a record-breaking fine to the tune of about 20 billion won ($15 million) over it...

Korea’s telemedicine startups seek growth abroad

South Korea’s telemedicine startups are seeking growth opportunities abroad in the face of regulations such as drug delivery restrictions that...

Lotte to sell 7-Eleven’s ATM unit in Korea for around $38 mn

Lotte Group is set to sell the automated teller machine (ATM) business of Korea Seven Co., the operator of convenience store chain 7-Eleven in South...

Harim gives up HMM deal over management rights dispute

South Korea's leading poultry processor Harim Co. has walked away from a $5 billion deal to buy HMM Co., South Korea’s No. 1 ocean carrier, re...

South Korea’s Exports Get off to Strong Start in 2024

South Korea’s exports got off to a strong start this year, with shipment growth accelerating in January amid solid demand for semiconductors...

GM chair to visit Korea, meet LG Energy, Samsung SDI CEOs

General Motors Chair and Chief Executive Mary Barra will visit South Korea on Wednesday to meet leaders of LG Energy Solution Ltd. and Samsung SDI C...

Korean tire makers poised for brisk sales on US tariff cuts

South Korean tire makers such as Hankook Tire & Technology Co., Kumho Tire Co. and Nexen Tire Corp. are expected to post new record-high revenue...

Kia rides defense sector boom with military vehicles

Kia Corp., South Korea’s second-largest automaker, has unveiled its next-generation military vehicle technologies at the largest defense exhib...

Hanwha Q Cells to unveil Q.TRON G2 solar module

Hanwha Q Cells Co., a solar power unit of South Korean conglomerate Hanwha Group, announced on Monday that it will unveil its new solar module ser...

SK Telecom gears up for AI leap in 2024

SK Telecom Co., South Korea’s largest mobile carrier, will expedite its transition into an artificial intelligence company this year after its...

Korea needs sustainable ecosystem for startup accelerators

South Korea needs to create a “sustainable ecosystem” to nurture influential startup accelerators like US tech startup accelerator Y Com...

Lexus tops imported car brands in Korea driver survey

Lexus ranked tops in a customer satisfaction survey of imported-car drivers in South Korea, which also found positive responses to the online purcha...

Korea’s luxury resort market blossoms despite slow economy

South Korea’s luxury resort market seems to operate out of sync with the economy. High-end operators are opening swanky holiday resorts in Kor...

Korean firms’ monthly net debt sales hit record high in January

South Korean investors armed with ample liquidity have rushed to buy corporate debts to enjoy high yields before rates head south later this year, l...

Naver logs record earnings on e-commerce, content; stocks up

South Korea’s online giant Naver Corp. reported record earnings on strong performances of its e-commerce and content businesses, sending its s...

Hyundai, Kia EV sales on a roll in US due to better style, pricing

Hyundai Motor Co. and its sibling Kia Corp. sold 6,627 units of electric vehicles together in the US last month, 51% more than a year ago as their d...

Samsung C&T, Hyundai E&C see higher profits in 2023 on overseas projects

Samsung C&T Corp.'s construction unit and Hyundai Engineering & Construction Co. stood out with increased profits last year on overseas proj...

Korea’s inflation at 6-month low in further relief to BOK

South Korea’s headline inflation dropped for a third straight month to a six-month low on declining oil prices, adding relief to the central b...

S.Korea, Indonesia agree to free up flight routes

South Korea and Indonesia have agreed to allow unrestricted flight operations between their regional airports. This announcement, made by Seoul's Mi...

Naver expands Papago with Arabic translation, boosting global reach

South Korea's leading online portal Naver Corp. announced on Friday the addition of Arabic translation capabilities to its AI-driven translation ser...

S.Korea’s 2024 exports get off to strong start on China, semiconductors

South Korea’s exports, the country’s main growth driver, got off to a robust start in January, buoyed by a rebound in semiconductor ship...

Samyang’s power: Hot Chicken Flavor Ramen by daughter-in-law

Samyang Foods Co., a South Korean instant noodle maker, enjoyed record earnings last year thanks to increasing overseas sales of its global-hit Hot ...

Japan approves Korean Air-Asiana merger

Japan has finally given the nod to the merger between South Korea’s No. 1 full-service carrier Korean Air Lines Co. and No. 2 Asiana Airlines ...

Amorepacific's profit halves on weak sales in China; shares drop

South Korean cosmetics giant Amorepacific Group's stock closed at 3,400 won ($2.6) on Wednesday, down 12.1% after the group announced disappointing ...

AliExpress’ zero-commission offer jolts Coupang, Naver

AliExpress, an e-commerce arm of China’s Alibaba Group, has offered Korean companies zero commissions, under which it will not charge a sales ...