South Korea eyes record 8.1% budget hike with big AI push
South Korea’s government on Friday unveiled its largest-ever budget increase, pledging to ramp up spending on technology and social programs t...
Samsung, Mirae Asset, KB vie for $44.7 bn pension investment pool management
South Korea has opened bidding for the management of its 62 trillion won ($44.7 billion) state pension investment pool, pitting two of the country&r...
Must-do in Korea: Skincare, even for Kim Kardashian
Kim Kardashian, one of the world’s most influential celebrities with 350 million Instagram followers, recently shared her skincare experience ...
N.Korea’s Kim Jong Un to debut on multilateral diplomatic stage in China; summit with Xi, Putin likely
North Korean leader Kim Jong Un will make a rare trip abroad next week to attend China’s military parade celebrating the 80th anniversary of t...
S.Korea-US summit yields no joint statement amid split on auto tariffs, MFN status
WASHINGTON D.C. – South Korean President Lee Jae Myung’s first bilateral meeting with US counterpart Donald Trump ended in a cordial atm...
Bank of Korea nudges up 2025 growth outlook to 0.9% as stimulus cushions slowdown
The Bank of Korea has slightly raised its growth forecast for this year, citing the effects of the government’s extra fiscal stimulus, but war...
Hanwha raises bet on MASGA with $5 bn investment in Philly Shipyard
Hanwha Group will expand its shipbuilding capacity in the US far beyond earlier plans with a $5 billion investment in Hanwha Philly Shipyard as Seou...
S.Korea, US affirm partnership to usher in US shipbuilding, manufacturing renaissance
WASHINGTON, D.C. -- South Korean President Lee Jae Myung on Monday reaffirmed Seoul's commitment to partner with Washington to revive the US manufac...
S.Korea’s Lee signals end to ‘security with US, economy with China’ policy; to hike defense costs
WASHINGTON, D.C. – South Korean President Lee Jae Myung said on Monday that Seoul can no longer maintain its decades-old strategy of relying o...
Jeju Dream Tower poised to dethrone Paradise as Korea’s top casino in 2025
Jeju Dream Tower Casino, operated by South Korea’s major tourism and leisure company, Lotte Tour Development Co., is on track to snatch the cr...
Korea Inc pledges $150 bn US investment; KAL buys new planes, Samsung, Hyundai Motor vow extra spending
WASHINGTON, D.C. – South Korea’s biggest conglomerates have committed $150 billion in fresh investment in the US in a sweeping package t...
HD Hyundai Robotics to raise $144.3 mn to bolster AI-powered robots
HD Hyundai Robotics Co., an industrial robot producer under South Korea’s shipbuilding and machinery giant HD Hyundai Co., will raise 200 bill...
S.Korea passes tougher corporate law reform, adopts cumulative voting
South Korea’s National Assembly on Monday passed an amendment to the Commercial Act designed to give minority shareholders greater sway in pro...
Korea passes controversial ‘Yellow Envelope Act,’ inviting backlash from employers, foreign firms
South Korea’s Parliament has approved sweeping labor reforms known as the “Yellow Envelope Act,” prompting a fierce backlash ...
S.Korea’s Lee heads to high-stakes summit with Trump after closing ranks with Ishiba
South Korean President Lee Jae Myung is flying to Washington after a high-profile visit to Tokyo, where he sought to repair ties with Japan ahead of...
S.Korea cuts growth outlook to 0.9%, banks on AI to reignite economy
South Korea’s government cut its 2025 economic growth forecast in half from its earlier expectation, saying the economy will expand just 0.9% ...
South Korea’s president to visit US with 15 business leaders after Japan
South Korea’s President Lee Jae Myung will travel to Japan and the US starting on Aug. 23, accompanied by 15 business leaders from the country...
Korea tightens curbs on foreign homebuyers with new permit system amid speculation fears
South Korea will impose sweeping restrictions on foreign property transactions across the Seoul Metropolitan Area, citing concerns over speculative ...
KHNP in joint venture talks with Westinghouse to target US nuclear market
South Korea's state-run Korea Hydro & Nuclear Power Co. (KHNP) is in talks with Westinghouse Electric Co. to form a joint venture (JV) with an a...
UK’s TeraView wins preliminary nod for South Korea listing
TeraView Ltd., a British developer of terahertz imaging inspection systems, has received preliminary approval to list in South Korea, moving a step ...
Korea to tighten stewardship code with workplace safety penalties; accident-prone firms remain wary
South Korea is preparing sweeping changes to its stewardship code that will allow public pension funds and other institutional investors to penalize...
BOK flags stablecoin risks ahead of Circle president's visit
The Bank of Korea (BOK) has urged the National Assembly to regulate dollar stablecoins, warning their growing use poses a threat to the country&rsqu...
S.Korea’s petrochemical firms to cut capacity on state call for rigorous restructuring
South Korea’s 10 largest petrochemical companies have agreed to restructure their operations, including up to 25% cuts to their naphtha-cracki...
Kospi-listed firms underperform in Q2 with gloomy H2 forecast
South Korean firms suffered steeper losses in the second quarter as hefty US import tariffs took a toll, fueling fears of a tougher road ahead as th...
JPMorgan, Morgan Stanley to meet with Korean regulators, financial chiefs to assess Korea risks firsthand
JPMorgan and Morgan Stanley executives, alongside dozens of overseas investors, will visit South Korea next month to meet with top policymakers and ...
S.Korean President Lee to meet KPop Demon Hunters director Maggie Kang, TWICE
South Korean President Lee Jae Myung will meet with Maggie Kang, director of the Netflix animated feature KPop Demon Hunters, along with K-pop girl ...
NH gains most in Korea’s first-half IB league; Meritz emerges as fast-rising challenger
South Korea’s investment banking hierarchy is in flux after the country’s leading brokerages reported sharply divergent earnings perform...
Capital flows to ETFs reshape S.Korea’s asset management landscape
Exchange-traded funds (ETFs) are drawing a growing number of South Korean individual investors seeking a broader exposure to equities, accounting fo...
Bill Gates to court Korea’s business titans in Seoul for philanthropy push
Bill Gates, billionaire philanthropist and Microsoft co-founder, is heading to Seoul this week to deepen partnerships with South Korea’s corpo...
Korea’s demographic shift to single households: Magnet for global real estate giants, investors
South Korea’s rental housing market is attracting some of the world’s largest property investors, as the country’s shifting demogr...
