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South Korea suffered its first economic contraction in two and half years due to sluggish exports and weak domestic demand during the fourth quarter...

The economic outlook by companies is worsening given lingering global uncertainty, with the business outlook for February at its lowest level in two...

Starting Feb. 1, South Korea's budget carrier Air Busan Co. will add a daily flight to its route linking the nation's biggest port city of Busan to ...

South Korea’s undersea cable company KT Submarine Co. plans to buy a cable laying barge from LS Cable & System Ltd., its major shareholder...

South Korea's cosmetic original design manufacturer Kolmar Korea said Wednesday that it would establish a cosmetics production base equipped with ar...

Samsung C&T Corp., the construction and trading arm of South Korea’s top conglomerate Samsung Group, is set to build modular homes in Saud...

South Korea's startup ReCo, which runs the comprehensive waste collection and transportation service UpBox, on Wednesday said it attracted Series B ...

MBK Partners, a leading Asian private equity firm, and Unison Capital Korea agreed on a tender offer to acquire management rights of Osstem Implant ...

One in four buyers of lottery tickets in South Korea over the past year tried their luck every week.The Ministry of Strategy and Finance on Tuesday ...

Carrier Global Corp.’s joint venture in South Korea aims to ramp up sales with the cold chain business, the series of actions and equipment ap...

POSCO Holdings Inc., the holding company of South Korea’s top steelmaker, turned to the red in the fourth quarter of 2022 hit by a typhoon and...

LIG Nex1 Co. said on Wednesday that it held an "AI Co-Lab" opening ceremony at the Seoul office of the Korea Institute of Robot and Convergence (KIR...

South Korea’s leading probiotic drink maker hy Co. is seeking to expand its health functional food business into the global market as demand f...

South Korea's Kakao Pay Corp. and Hanwha Aerospace Co. next month are expected to get newly incorporated into the MSCI Korean Index, which measures ...

To SPC Group, which hopes to tide over difficulties in the domestic market facing sagging growth potential and troubles caused by a series of safety...

Korea Aerospace Industries Ltd. (KAI) said on Thursday that it signed a memorandum of agreement (MOA) in relation to "technical cooperation on verti...

South Korea plans to spend 453.7 billion won ($367 million) this year to nurture digital talent in the fast-growing business sectors, including the ...

Cosmax Inc., South Korea's cosmetics original design manufacturing (ODM) company, said on Thursday that it would start targeting the Japanese market...

DAVOS, Switzerland – Danish wind turbine producer Vestas Wind Systems A/S has said it would invest $300 million in South Korea and positively ...

Lotte Tour Development Co. signed on Monday an agreement with Costa Cruise, an Italian cruise line, to charter cruise ships in Dubai, the United Ara...

South Korea's gross national income (GNI) per capita last year likely fell under $35,000, a figure first reached in 2021, due to sluggish economic g...

Daewoong, the holding company of South Korea's pharmaceutical-oriented Daewoong Group, is speeding up its pace to beef up its contract development a...

South Korea’s Hyosung Group and its longtime rival Kolon Group in the fiber, textile and petrochemical businesses are poised to give up their ...

South Korea's biopharmaceutical company Medytox Inc. will build a plant for finished products containing botulinum toxin in the United Arab Emirates...

South Korea's leading pharmaceutical company Handok Inc. said Tuesday that it has signed a memorandum of understanding (MOU) with Microsoft Korea to...

South Korea’s information technology industry hit a snag with building new internet data centers (IDCs) due to controversies over the potentia...

ABU DHABI – Business leaders from South Korea and the United Arab Emirates (UAE) have signed 24 initial agreements worth at least $6.1 billion...

Luxury hotels in South Korea are enjoying the emerging trend of Koreans choosing relaxing vacations at hotels, rather than taking holidays overseas....

South Korea's biotech company Bioneer Corp. on Monday said it concluded a deal to form a joint venture with PT Indika Energy of Indonesia for busine...

South Korea's cloud management company Bespin Global will foster cloud and digital innovation industries in Central Vietnam. To this end, the compan...