Korea clears way for Hanwha's $1.45 bn takeover of DSME
South Korea’s Fair Trade Commission (FTC) on Thursday gave its nod for Hanwha Group’s 2-trillion-won ($1.45 billion) takeover of Daewoo ...
Dongwon Group drops bid to take over McDonald’s Korea
Dongwon Group has canceled its bid to take over McDonald's franchise in South Korea."We reviewed the takeover of McDonald's Korea but our conclusion...
Korean Air, Asiana to increase award seats ahead of merger
Korean Air Lines Co. and Asiana Airlines Inc. are set to increase award seats while revising their membership terms and conditions to help customers...
S.Korea’s IT parts makers reeling from sluggish smartphone, TV sales performance
South Korea’s major information technology parts makers like Samsung Electro-Mechanics, LG Innotek and LG Display Co. suffered huge dr...
S.Korea’s Musinsa, Disney to collaborate character products
South Korea’s online fashion platform Musinsa has partnered with the Walt Disney Company Korea, a Korean unit of the global entertainment...
S.Korea, UL Solutions sign agreement for supporting domestic startups
The South Korean Ministry of SMEs and Startups announced on Thursday that it has signed a business agreement with global certification agency UL Sol...
S.Korea’s 20-somethings tighten belts due to high interest rates: report
The decline in consumption by 20-somethings due to benchmark interest rate hikes is over eight times greater than those in their 60s.Analysts blame ...
Kia expects stellar Q2 after reporting record operating profit in Q1
Kia Corp., the smaller sibling of South Korea’s largest automaker Hyundai Motor Co., presented a rosy earnings outlook for the second quarter ...
S.Korea’s SoluM joins Vietnam's largest EV charging project
SoluM Co., a South Korean mid-sized electronic component maker, said on Wednesday that it signed an agreement with PetroVietnam Power Corporation, a...
S.Korea to offer subsidies to foreigners investing in advanced technologies
Foreign companies investing in the fields of semiconductor, display and secondary batteries, which are part of South Korea's national strategic tech...
Korea's expected inflation hits 11-month low
South Korea's expected inflation has hit a record low of 3.7% in 11 months in April 2023. While the consumer price index rose by 4.2% last month, wh...
S.Korea gov’t hosts sales event for domestic, US SMEs
South Korean small- and medium-sized enterprises (SMEs) expanded their exchange and cooperation with US firms during President Yoon Suk yeol's state...
In South Korea, innovation is subject to regulatory approval
In a country like South Korea with few natural resources to run its economy, innovations or brilliant business ideas are crucial to its survival.It ...
Kolon Industries to move into secondary battery recycling market
Kolon Industries Inc., a South Korean chemical and textile manufacturing company, is entering the secondary battery recycling market. The company an...
Louis Vuitton to turn bridge over Seoul river into catwalk
Global luxury brand Louis Vuitton will premiere a fashion show in Seoul this weekend, expecting to attract leaders from the global fashion, culture ...
Chinese buy cosmetics, Japanese pick groceries in Korea: Survey
Foreign visitors to South Korea show different purchasing preferences by nationality, a survey found. A majority of Chinese travelers' top picks are...
S.Korea’s births fall to record low in February
South Korea's births fell to a fresh low in February in 2023. The number of deaths decreased, but the population continued to decline naturally for ...
S.Korea, Airbus plan to open domestic tech research center
South Korea and European aircraft maker Airbus Group will open a technology research center in the country and discuss boosting cooperation in suppl...
SK, KHNP partner with TerraPower for SMR development
SK Inc., SK Innovation Co. are partnering with Korea Hydro & Nuclear Power Co. (KHNP) and TerraPower, a US small modular reactor (SMR) des...
S.Korea’s public spending on maternity, child care falls short of OECD average
South Korea’s government budget for tackling the nation's low birth rate has risen to 2.25% of GDP, but housing support accounts for a major p...
Ponzi scheme suspected behind SocGen-triggered Korean stock havoc
The South Korean financial authorities will investigate whether unfair trading practices are behind leverage trading after massive margin call reque...
POSCO beats Lotte to join S.Korea’s top 5 conglomerates
Steel giant POSCO has joined the ranks of South Korea’s top five conglomerates for the first time, supported by strong earnings from its recha...
S.Korea-US to deepen aerospace ties through NASA's Artemis
South Korea and the US are set to deepen their partnership in the aerospace sector through the Artemis program, a human and robotic Moon exploration...
S.Korea's BSI under 100 for 12th straight month
The economic outlook of South Korean manufacturing and non-manufacturing sectors is negative for May, marking the 12th consecutive month of such p...
Korea avoids recession on strong consumption; outlook still tough
South Korea averted a recession as Asia’s fourth-largest economy rebounded more than expected in the first quarter on strong private consumpti...
Hanwha Aerospace invests in Israeli startup with anti-jamming tech
South Korea's Hanwha Aerospace Co. has invested in an Israeli start-up possessing anti-jamming technology to prevent interference in global position...
S.Korea’s Woori Financial profit up on interest rate margins
Woori Financial Group, South Korea’s fourth-largest financial holding company, logged growth in a quarterly net profit as larger interest rate...
Netflix to inject $2.5 bn in Korean drama series, movies over next 4 years
WASHINGTON, D.C. – US streaming giant Netflix is slated to invest $2.5 billion in South Korea over the next four years to boost its cont...
S.Korea launches foreign worker quota exclusively for shipbuilding sector
South Korea will set a separate quota of 5,000 foreign workers to solve the labor shortage in domestic shipbuilding and accept 120,000 such workers ...
Number of travelers on S.Korea's LCCs jumped 104-fold in Q1
Demand for overseas flights in South Korea has exploded since the resumption of air travel operations amid the substantial easing of COVID-19 restri...
