Korea inflation at 24-year high, adds to big step views

South Korea’s inflation accelerated to a 24-year high last month, reinforcing expectations that the central bank may raise interest rates by 5...

Krafton founder: Robotics, deep learning should be S.Korea’s future

Krafton Inc. founder and chairman Chang Byung-gyu is a rare example of a serial entrepreneur in South Korea – a country dominated by family-ow...

Korean firms with high ESG scores show great P/E ratios

South Korean corporates’ price-earnings ratios are affected by their environmental, social and governance (ESG) management, experts said at an...

Unison Capital puts Korea dental scanner maker up for sale

Unison Capital Inc., a middle-market focused private equity firm, put the world’s third-largest 3D dental scanner maker on the market. The dea...

Naver’s web browser Whale challenges global rivals

South Korea’s homegrown web browser Whale, developed by Naver Corp., is quietly increasing its presence in the domestic market, where Google C...

LS Cable to step up ESG efforts by recycling wooden cable drums

LS Cable & System Ltd. is slated to begin recycling wooden cable drums as part of its environmental, social and governance (ESG) management effo...

Top S.Korean firms face carbon neutrality dilemma

South Korea’s top 30 companies emitted their largest-ever amount of carbon dioxide last year, contrary to their goal of reducing greenhouse ga...

SSG.COM joins race for top spot in luxury online shopping in Korea

SSG.COM, the e-commerce brand of South Korean retail giant Shinsegae Inc., launched its online luxury goods marketplace SSG Luxury on July 3. Focusi...

Korea shipbuilders throttle up wind farm business

South Korea’s major shipbuilders are competing to lead the global wind farm industry, an emerging game-changer in the renewable energy sector,...

Korean Aerospace Ind.'s shares soar on Poland export hopes

Korea Aerospace Industries Ltd. (KAI), South Korea’s military aircraft manufacturer, is emerging a winner in South Korea’s sagging stock...

Korea sees record H1 trade deficit, weak consumer sentiment

South Korea suffered the largest trade deficit for the first half of a year on surging energy prices and slowing exports, while consumer sentiment i...

Lotte Chemical, Bain Capital among bidders for Korea’s Iljin Materials

The much-touted sale of a controlling stake in Iljin Materials Co., a leading South Korean battery materials maker, is flagging as big spenders are ...

Korea’s Socar gets pushback for high valuation ahead of IPO

South Korea’s mobility unicorn Socar Inc. faces controversy over its valuation after the car-sharing startup set the price guidance for its in...

LG Magna to spend $78 mn on China capacity expansion

LG Magna e-Powertrain Co. will invest $78 million in its Chinese plant of electric vehicle parts to meet growing demand in the world’s largest...

Washington D.C. recognizes Korea as origin of kimchi

Washington D.C. has joined the three US states of California, Virginia and New York to designate Nov. 22 “Kimchi Day,” and has acknowled...

SK Bioscience wins marketing license for Korea's first COVID-19 vaccine

South Korea’s SK Bioscience Co., a biopharmaceutical unit of SK Group, has won marketing authorization for its COVID-19 vaccine from the Minis...

Moon boats light up the birthplace of Korean Confucianism

Riding a crescent moon-shaped boat that changes colors is a must-do experience in the small South Korean city of Andong, 190 km southeast of Seoul.T...

Hyundai’s US partner Aptiv invests in self-driving startup StradVision

Aptiv PLC, one of the world’s big three autonomous driving technology companies, has agreed to invest 50 billion won ($39 million) in StradVis...

South Korea to invest $794 million in AI chips, nurture 7,000 experts

The South Korean government has decided to invest 1.02 trillion won ($794 million) in the artificial intelligence semiconductor sector and foster ov...

Korea Woori Card to start installment finance biz in Indonesia

Woori Card Co. is set to start the installment finance business in Indonesia, Southeast Asia’s largest economy as the credit card unit of Sout...

1 in 4 biotech firms struggles with decreasing cash reserves

South Korea’s biotechnology firms – public and private alike –  are facing increasingly negative financial conditions. T...

Translink: Startup fundraising barely affected by economic downturn

Venture capital, or the business of investing in innovative private companies with growth potential, is a local endeavor most of the time.While this...

S.Korea stocks see dead cat bounce; outlook remains gloomy

South Korea’s shares on Friday rebounded after tumbling in the previous two straight sessions, outperforming their peers in Asia, but few expe...

Economist Cho Soon 'the Keynes of South Korea' dies at 94

South Korea’s former finance minister and central bank governor Cho Soon died at 94 of natural causes on Thursday.Cho, a renowned economist ca...

Korea won at 13-year low on recession fears amid tightening

South Korea’s won hit a 13-year low, weakening past the psychologically important 1,300 per US dollar level for the first time since the 2008-...

Korea to reboot nuclear power sector with orders, aid

South Korea plans to rebuild the nuclear power plant industry hard hit by the previous government’s nuclear energy phasing-out policy by placi...

Shares in oil refiners hit by windfall tax concerns

Two listed oil refining companies in South Korea saw a combined 1.6 trillion won ($1.2 billion) wiped off their market cap on Wednesday, after the m...

Ex-Samsung exec says Korea chip sector needs more support

South Korea’s semiconductor sector needs more support from the government not only to compete against global rivals backed by their own govern...

S.Korea ushers in new space era with rocket launch success

GOHEUNG, South Korea -- South Korea opened a new space era as it succeeded in the launch of a homegrown space rocket carrying payloads to become the...

Korea’s adult audio platform eyes Japan for global biz

South Korea’s adult audio content platform for women raised money to make inroads into Japan as a start of its global business.Sensual Moment ...