Shilla Duty Free to co-work with China's largest lifestyle info platforms

Shilla Duty Free to co-work with China's largest lifestyle info platforms

South Korea's Shilla Duty Free Shop announced on Thursday that it partnered with Meituan and Dazhong Dianping, China's largest travel and lifestyle ...

Upbit’s staking deposits exceed $2.2 bn

Upbit’s staking deposits exceed $2.2 bn

The staking deposits of Upbit, South Korea's leading crypto exchange, surged past 3 trillion won ($2.2 billion) by the end of April, according to ...

SK Telecom eyes tangible results from AI business in 2024

SK Telecom eyes tangible results from AI business in 2024

South Korea’s No. 1 mobile carrier SK Telecom Co. is set to accelerate investments in artificial intelligence to bring more tangible outcomes ...

Doosan to make new fuel cell for hydrogen power plant deals

Doosan to make new fuel cell for hydrogen power plant deals

South Korea’s Doosan Fuel Cell Co. plans to begin mass production of a new phosphoric acid fuel cell (PAFC) model, which is expected to raise ...

South Korea to accept Indonesia’s KF-21 project cost cut proposal

South Korea to accept Indonesia’s KF-21 project cost cut proposal

South Korea plans to accept Indonesia’s request to cut its share of payments for a joint fighter jet development project to one-third of the o...

SK E&S builds world’s largest hydrogen liquefaction plant

SK E&S builds world’s largest hydrogen liquefaction plant

SK E&S Co., a South Korean liquefied natural gas importer, has built the world’s largest hydrogen liquefaction plant in Incheon, west of S...

Naver D2SF invests in image generation AI startup

Naver D2SF invests in image generation AI startup

South Korea's top online portal Naver Corp. announced on Wednesday that its startup nurturing organization D2SF (D2 Startup Factory) invested in the...

Korea Investment sees record quarterly net profit

Korea Investment sees record quarterly net profit

Korea Investment & Securities Co. enjoyed a record quarterly net profit on the course to become the country's most profitable brokerage house ...

Coupang to keep investing against Chinese players despite loss

Coupang to keep investing against Chinese players despite loss

Coupang Inc., South Korea’s No. 1 e-commerce platform facing fierce competition from Chinese rivals, dipped into the red in the first quarter,...

NHN Cloud sets sights on GPU cloud service with Nvidia’s H100

NHN Cloud sets sights on GPU cloud service with Nvidia’s H100

NHN Cloud Corp., a cloud computing unit of South Korea’s internet company NHN Corp., is setting its sights on a graphics processing unit (GPU)...

Startups bet on affluent Gen X in Korea’s senior living market

Startups bet on affluent Gen X in Korea’s senior living market

Elder-care startups are rushing to build high-end senior homes in South Korea targeting affluent Generation Xers set to retire in five years on expe...

Genesis beats BMW to rival Mercedes in Korea's premium segment

Genesis beats BMW to rival Mercedes in Korea's premium segment

In South Korea, esteemed German auto brands BMW and Mercedes-Benz have for years been the top two brands vying for the hearts of luxury car buyers, ...

S.Korea’s largest startup fair NextRise to be held in June

S.Korea’s largest startup fair NextRise to be held in June

The Korea International Trade Association announced on Tuesday that the largest domestic startup fair in South Korea, NextRise 2024 Seoul," will be ...

Korea to fine Credit Suisse, Nomura $40 mn on short sales

Korea to fine Credit Suisse, Nomura $40 mn on short sales

South Korea’s top financial regulator has recently notified Credit Suisse and Nomura Securities of a decision to fine them a combined 54.0 bil...

Samsung Electronics unveils 114-inch Micro LED

Samsung Electronics unveils 114-inch Micro LED

Samsung Electronics Co. announced on Tuesday that it unveiled its 114-inch Micro LED to expand its Micro LED lineup to include 89-inch, 101-inch.&nb...

Aman, Rosewood, Banyan, IHG rush to open luxury hotels in Seoul

Aman, Rosewood, Banyan, IHG rush to open luxury hotels in Seoul

Renowned global hospitality companies, including Aman, Rosewood and IHG Group, are rushing to South Korea to launch new five-star luxury hotels in...

Biden exempts graphite from EV mineral sourcing rule in win for Korea

Biden exempts graphite from EV mineral sourcing rule in win for Korea

WASHINGTON, D.C. – The US government has given automakers additional flexibility on battery mineral requirements, allowing electric vehicles w...

Kospi 200 firms' values sharply below MSCI developed market rivals

Kospi 200 firms' values sharply below MSCI developed market rivals

South Korea’s listed firms are undervalued compared with companies in public markets of developed and emerging countries, according to the Kor...

HD Hyundai, ABS to set standards for e-propulsion ships

HD Hyundai, ABS to set standards for e-propulsion ships

South Korea's HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) and HD Hyundai Heavy Industries Co., partnered with the American Bureau...

BOK's rate policy back to square one after GDP, Fed comments

BOK's rate policy back to square one after GDP, Fed comments

TBILISI, Georgia – The Bank of Korea (BOK) will go back to square one on monetary policy as stronger-than-expected economic growth in the...

Woori Financial acquires Korea Foss Securities to offer brokerage services

Woori Financial acquires Korea Foss Securities to offer brokerage services

Woori Financial Group Inc., South Korea’s fourth-largest financial services group, has acquired Korea Foss Securities Co., paving the way for ...

OECD sharply revises up S.Korea GDP forecast after strong Q1

OECD sharply revises up S.Korea GDP forecast after strong Q1

The Organisation for Economic Co-operation and Development (OECD) forecasts South Korea’s economy to expand at a faster pace than it previousl...

S.Korea’s Lotte Card injects $68 mn into Vietnamese unit

S.Korea’s Lotte Card injects $68 mn into Vietnamese unit

Lotte Card Co., South Korea’s No. 5 credit card issuer, has injected $68 million into its Vietnamese unit to expand its business in the Southe...

Rakuten backs S.Korea’s new mobile carrier Stage X

Rakuten backs S.Korea’s new mobile carrier Stage X

South Korea’s fledgling mobile carrier Stage X Co. has teamed up with relatively new Japanese mobile company Rakuten Group to crack Korea&rsqu...

Hyundai Rotem closer to supplying armored vehicles to Peru

Hyundai Rotem closer to supplying armored vehicles to Peru

Hyundai Rotem Co., a South Korean defense equipment and locomotive maker, has moved a step closer to exporting its wheeled armored vehicles, core to...

Korea’s headline inflation dips below 3% in April but erratic

Korea’s headline inflation dips below 3% in April but erratic

South Korea’s headline inflation dipped below 3% for the first time in three months last month but uncertainty lingers from still-high agricul...

Taeyoung E&C kickstarts debt workout with loan sale to IGIS

Taeyoung E&C kickstarts debt workout with loan sale to IGIS

Creditors to Taeyoung Engineering & Construction Co. (Taeyoung E&C) gave the go-ahead to a debt workout program for the cash-strapped South ...

Korean retailers, hotels enjoy tourist boom in May holidays

Korean retailers, hotels enjoy tourist boom in May holidays

South Korean retailers and hotels are enjoying a boom thanks to an expected surge in tourists at home and abroad as more than 180,000 foreigners are...

S.Korea’s project financing exposure reaches $145 bn

S.Korea’s project financing exposure reaches $145 bn

South Korean financial services companies and construction firms are exposed to a combined 200 trillion won ($145 billion) worth of potential risks ...

Korea’s Kookmin Bank raises $600 mn in global senior debts

Korea’s Kookmin Bank raises $600 mn in global senior debts

South Korea’s largest bank Kookmin Bank said on Tuesday it has issued $600 million worth of global senior secured bonds. The debts were oversu...

Saudi Crown Prince bin Salman courts Korean AI startups as Riyadh, Abu Dhabi vie to build tech hubs K Shipbuilding up for sale as Korean shipyards ride new boom Samsung to buy US health tech firm Xealth in digital health push Korean waste management firm Koentec on market for $730 mn US unveils 25% tariffs on S.Korea, sets Aug. 1 deadline for agreement