Hyundai Motor signs MOU with OECD's International Transport Forum

Hyundai Motor Co. joined hands with the International Transport Forum under the Organization for Economic Cooperation and Development to strengthen ...

K League's campaign wins gold prize at International ad festival

The promotional video for the "Dribble-made Route" campaign produced by the Korea Professional Football Association (K League) in partnership with H...

Korean hospitality startup Jienem enters Vietnam with local partners

Guesthouse accommodation service provider Jienem is revving up to enter the Vietnamese market.The South Korean startup announced Wednesday that it s...

Air Busan offers 4 daily flights on Busan-Fukuoka route

Korea's low-cost carrier Air Busan Co. from Thursday will add a daily flight to its route linking the nation's biggest port city of Busan to Fukuo...

Taihan earns certification for extra-high voltage transmission cable

Taihan Cable & Solution said on Monday that it had completed the development of a 500-kV current cross-linked polyethylene extra-high voltage DC...

Korean LCCs resume flights to Taipei after nearly 3 years

As domestic budget carriers begin opening or resuming flights to Taipei, the skyways between Korea and Taiwan have widened further.Jeju Air announce...

Nexen Tire and Design Council Busan join hands for futuristic models

Nexen Tire said on Thursday that it has developed three types of future concept tires, including "BTR," "Mearth," and "Nocturne," in collaboration...

SK Innovation to adopt internal carbon pricing system

SK Innovation Co. on Sunday announced its adoption this year of an "internal carbon pricing system" recently approved by its board of directors. Th...

Korean universities lag international peers in nurturing entrepreneurs

The prestigious Seoul National University was the only university in South Korea to rank among the top 100 universities in terms of producing futu...

Seoul more expensive than Tokyo for expats due to high real estate costs

TOKYO — The monthly rent of a commercial building in Seoul has surpassed that of Tokyo for the first time.The rent for an office building in t...

S. Korea's T'way Air to resume Incheon-Chiang Mai route

South Korea's budget carrier T'way Air on Wednesday said it will resume from Nov. 28 its flight linking Incheon and Chiang Mai, Thailand, with seven...

POSCO International to invest $2.6 billion in energy operations

Korea's POSCO International, the trading arm of POSCO Group, on Friday formally merged with POSCO Energy, which handles liquefied natural gas (LNG) ...

POSCO International, Netherlands’ Hardt sign deal on hyperloop project

POSCO International Corp., the general trading arm of South Korea’s steel giant POSCO Holdings Inc., said on Tuesday it is entering the hyperl...

GM may consider producing EVs in South Korea

CHANGWON, South Gyeongsang Province -- General Motors Co. may consider making electric vehicles in South Korea, the country manager said on Wednesda...

Mirae Asset ends $3 bn IFC deal with Brookfield, seeks deposit refund

Mirae Asset Global Investments Co.’s planned purchase of the International Finance Center in Seoul worth 4.1 trillion ($3 billion) from Canada...

POSCO, Hancock to invest $200 mn to raise Senex's gas output

South Korea’s POSCO International Co. and its Australian mining partner Hancock Prospecting Pty Ltd. will invest A$300 million ($200 million) ...

NPS, KIC, other Korean LPs commit $551 mn to Cinven's fund

Global private equity firm Cinven Ltd. has attracted €550 million ($551.3 million) from South Korean institutional investors for its eighth fla...

Samsung leader Lee’s latest role: Special envoy for World Expo 2030 bid

As South Korea is serious about hosting the World Expo 2030, the country’s top business leaders will be given new roles: Leading the governmen...

Korea airlines to increase flights on eased COVID-19 rule

South Korean airlines plan to increase international flights by year-end as the country is set to ease the rule on COVID-19 for travelers in a move ...

Lone Star, Seoul wrangle over KEB deal set to wrap up

A decade-long dispute between South Korea and the US private equity firm Lone Star Funds over a Korean deal will be wrapped up next week, with an in...

Infineon chip flaws to disrupt IONIQ 5 EV production

Hyundai Motor Co. is highly likely to suffer a further production delay for its all-electric crossover IONIQ 5 after South Korean industry sources s...

South Korea’s top general trading giants embrace rising raw materials costs

Back in the 1970s and 80s, general trading companies were the vanguards of South Korea’s exports. Daewoo International Corp., LG Internat...

Hanwha Aerospace, Hanwha Defense likely to merge

Hanwha, the South Korean chemicals-to-financial conglomerate, has been a key player in the M&A market with a series of conspicuous acquisitions ...

Korea's Hyundai Mobis bolsters its own chipmaking capabilities

Hyundai Mobis Co., South Korea’s largest auto parts maker, is aiming to produce the majority of its automotive semiconductors with its own tec...

POSCO Holdings Q2 profit down on higher raw material costs

POSCO Holdings Inc., the holding company of South Korea’s steel giant, reported a lower profit in the second quarter on rising raw material pr...

Korea's domestic jet fighter KF-21 completes first flight test

KF-21 Boramae, South Korea’s first advanced supersonic jet fighter, successfully completed its first flight test on Tuesday more than six year...

S.Korea’s 5G, cryptography likely to be adopted as global standards

South Korea’s five technologies on 5G mobile networks, cloud computing and cryptography have been preliminarily chosen as global standards, a ...

Korean LCCs’ international flight recovery remains slow

South Korean budget airlines are seeing a slow recovery in international flights as key routes such as China and Japan have yet to normalize while t...

Disney+ to run two BTS shows in HYBE's 1st global content collaboration

HYBE Co., the K-pop label best known for BTS, signed an agreement with Walt Disney Company in its first collaboration with an international content ...

Korean Air gears up to normalize international flights

Korean Air Lines Co., the country’s top carrier, is set to take measures to normalize international flights as nations worldwide are opening u...