Interpark Triple launches travel platform Triple Korea

South Korea's retail and travel platform Interpark Triple announced on Tuesday that it launched the travel platform Triple Korea for foreign touri...

Korean investors’ yen savings flirt with record high

South Korean retail investors, hunting for bargains, have flocked to shovel in the Japanese currency hovering around its record low value in anticip...

In South Korea, Instagram thrives while Facebook declines

In South Korea, one of the world’s most wired countries, people can’t live without social networking services for everyday communication...

Dubai Chamber of Commerce to open Seoul office

The Dubai Chamber of Commerce in the United Arab Emirates (UAE) will open an office in Seoul, South Korea by May this year, according to industry so...

Korea's BC Card launches Trip.Pass for foreign visitors

South Korea's BC Card announced on Tuesday that it launched a "Trip.Pass Card" and "Trip.Pass QR Payment Service" for foreign tourists with the dome...

China exodus to elevate Korea to Asia hub: AmCham chief

South Korea has outstripped Hong Kong and Shanghai as a preferred Asia-Pacific headquarters destination for global companies, trailing only Singapor...

Renault to invest $523 mn to build green car hub in Korea

Renault Korea Motors Co., grappling with a protracted slump without new releases, plans to invest more than 700 billion won ($523 million) by 2027 t...

Korea’s Incheon Airport Corp. signs $3 billion deal to run Manila airport

South Korea's state-run Incheon International Airport Corp. (IIAC) has signed a $3 billion deal to operate Manila's Ninoy Aquino International Airpo...

Korea struggles with surging copper scrap exports to China

South Korea’s nonferrous metal industry is scrambling for the procurement of copper scrap as China, the world’s top copper consumer, has...

Korea business lobby group eyes tax reform in new parliament

The Korea Enterprises Federation will reinforce efforts to win lawmakers’ nod to its long-desired campaign to slash corporate taxes and inheri...

Korea eyes $1.5 bn injection in KDB to boost chip, battery sectors

South Korea may inject some 2 trillion won ($1.5 billion) into Korea Development Bank (KDB) by the end of this month to support the state-run bank's...

Labor reform urged in Korea with higher wages than Japan

Wages at South Korean companies, both large and small, have surpassed those of their Japanese counterparts.According to a report on wage comparisons...

GAS Entec wins order for Indonesian offshore plant

South Korea’s GAS Entec Co., the offshore plant design and modification form, has secured a contract to construct and operate a liquified natu...

S.Korea’s Kumho Tire to invest $751 mn to build plant in Europe

Kumho Tire Co., South Korea’s No. 2 tire maker, plans to invest more than 1 trillion won ($750.8 million) by 2027 to build its first plant in ...

LG Elec expands workforce to enhance AI cyber security

LG Electronics Inc., the leading global home appliance maker, is actively increasing its workforce to improve artificial intelligence cyber security...

Korea Zinc, LG Chem team up for US recycling business

Korea Zinc Inc., the leading global zinc and lead smelter, and LG Chem Ltd., South Korea’s top petrochemical producer, joined hands for the pl...

Private education spending in S.Korea hits new record high

South Koreans’ spending on private education hit a new record high of 27.1 trillion won ($20 billion) in 2023, as the government’s annou...

KASA, Korea’s NASA, embarks on hunt for space talent

South Korea seeking to join the global space power club is set to recruit about 120 local and foreign space experts for the country’s space ag...

CJ Freshway, Hanwha Robotics to team up for food robots

South Korea's CJ Freshway Corp. and Hanwha Robotics will jointly develop food robots. The two companies signed a memorandum of understanding ...

Lotte brings Louis Vuitton diamond collection to S.Korea

South Korea's Lotte Department Store announced that it launched Louis Vuitton's LV Diamond Collection on Mar. 14 at Lotte World Tower Avenuel Jamsil...

Korea's Shinhan, Hana accelerate overseas push after record profits

South Korean major banks aim to accelerate their expansions in other countries as their overseas investments paid off with record profits last year ...

Korea faces apple crisis amid climate, demographic change

Apples, normally among the most common and available fruit, are poised to be a rarity in South Korea, where people are suffering a so-called “...

Hyundai Motor, Kia to recall 170,000 EVs

Around 170,000 units of electric vehicles (EVs) from Hyundai Motor Co. and Kia Corp. are voluntarily recalled, the largest recall in the domestic EV...

South Korea gets tough with Chinese platforms AliExpress, Temu, Shein

South Korea plans to introduce a get-tough e-commerce policy on Chinese platforms such as AliExpress, Temu and Shein amid increasing complaints abou...

South Korea, odd one out in new global gold rush

South Korea has remained muted to a new gold rush fueled by various central banks across the world gobbling up the precious metal, raising concerns ...

Premium children's brands buck falling birth rate in Korea

Premium children's clothing and food brands have bucked the economic slowdown in a country grappling with the world’s lowest birth rate as Sou...

MBK’s Michael ByungJu Kim: Most influential in Korea’s capital market

Michael ByungJu Kim, co-founder and partner of Northeast Asia-focused private equity firm MBK Partners Ltd., has been chosen as the most influential...

Goldman Sachs Korea co-head Chung to move to Hyundai Capital

Goldman Sachs’ Chung Hyung-Jin, co-head of the Seoul office and the leader of the firm’s investment banking (IB) business in South Korea...

BMW EV sales roar in Korea on strong lineup of new models

BMW, already one of the top two best-selling imported car sellers in South Korea, has beaten the world’s No. 1 EV seller Tesla Inc. in the cou...

Korea, new darling of Maybach, Bentley, Rolls-Royce

Foreign exquisite, high-end car brands are eager to offer new and exclusive experiences to their customers in South Korea, the fastest-growing luxur...