Korea’s credit loans balloon as regulators cap mortgages

Credit loans are ballooning in South Korea as regulators tightened their grips on record-high mortgages to rein in the growth in household lend...

Mercedes-Benz EV sales tumble in South Korea after fire

German luxury carmaker Mercedes-Benz AG suffered a nosedive in EV sales in South Korea in August after a fire broke out in one of its electric vehic...

Samsung Heavy passes Int'l Risk Management Standard audit

Samsung Heavy Industries, a leading South Korean shipbuilder, announced on Thursday that it has become the first in the Korean shipbuilding industry...

S.Korea’s Q2 GDP slows 0.2%, upholds rate cut expectations

South Korea’s economic growth slowed in the second quarter on weaker domestic consumption and investment by private businesses, heightening ex...

Korea Investment Management to launch two India-focused ETFs

Korea Investment Management said on Wednesday it will launch two active exchange-traded funds (ETFs) targeting the Indian market on September 10.The...

Samsung, SK Hynix up the ante on HBM to enjoy AI memory boom

TAIPEI – Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chipmakers, are racing to supply their advanced DRAM ...

LVMH, OpenAI, LG deepen ties with S. Korean startups   

South Korean startups and established corporations are seeking to deepen their partnerships to ensure win-win outcomes, by tapping into funds and ot...

August inflation puts BOK under fire for delayed pivot

South Korea’s inflation moderated to the government’s target of 2.0% in August, its slowest increase in three years and five months, put...

South Korea’s exports grow for 11th straight month

South Korea’s exports expanded for an 11th straight month in August on solid demand for semiconductors, smartphones and other goods overseas.E...

Samsung SDS AI service FabriX to launch on Microsoft Azure platform

Samsung SDS Co., the information technology service unit of Samsung Group, said on Tuesday it plans to launch its AI service FabriX on Microsoft Cor...

Goldman Sachs to sell stake in Korea’s top food ingredient wholesaler

Goldman Sachs is set to sell its stake in South Korea’s leading food ingredient wholesaler in an estimated 120 billion won ($89.4 million) dea...

S.Korean travel retailers face downturn without Chinese big spenders

Before COVID-19 swept the world, South Korea’s top two travel retailers Lotte Duty Free and Shilla Duty Free Shop ascended to the world’...

South Koreans puzzled over rising seaweed prices despite bumper crop

Dried seaweed prices are rising at a fast pace despite handsome growth in production, leaving South Koreans puzzled over what is behind the steep pr...

Korea’s Everland to lure horror fans with Netflix series

Everland, South Korea’s largest theme park, is set to lure horror movie fans at home and abroad with famous fright series such as “Stran...

Toyota chairman to visit Seoul, discuss hydrogen cars with Hyundai’s Chung

Akio Toyoda, chairman of Japan’s top automaker Toyota Motor Corp., will fly to Seoul in late October to meet with Hyundai Motor Group Chairman...

Samsung, SK Hynix ramp up DRAM business on rapid AI growth

Samsung Electronics Co. and SK Hynix Inc.,the world’s two largest memory chipmakers, are expanding their dynamic random access memory business...

Hyundai unseats Volvo as No. 1 truck brand in Korea

Hyundai Motor Co. has unseated construction truck leader Volvo in South Korea for the first time, driven by its flagship Xcient Pro model that sent ...

LS Electric falls sharply on first day of inclusion in MSCI Korea index

LS Electric Co. plunged more than 9% on Monday, the first day of its inclusion in the Morgan Stanley Capital International (MSCI) Korea Index.On the...

Samsung Galaxy S25 to run on Qualcomm chips

The Galaxy S25, a new iteration of Samsung Electronics Co.'s flagship Galaxy smartphone series, will run on Qualcomm Inc.’s application proces...

Will Samsung take over Nokia’s mobile network assets?

Samsung Electronics Co., the world’s top smartphone maker, has expressed interest in the mobile networks business of Nokia Oyj, a global telec...

Nongshim to build export-only ramen factory in Korea

South Korea’s instant noodle giant Nongshim Co. will build a local plant dedicated to producing ramen — or ramyun, as the company spells...

Korea’s airlines to use SAF starting from Japan routes

South Korea’s airlines are set to use fuel mixed with sustainable aviation fuel (SAF) for international routes, starting from services to Japa...

High-performance 4680 battery war is on; LG Energy takes lead over rivals

With stagnating electric vehicle sales or an EV chasm set to be prolonged, battery makers are increasingly turning their sights toward next-generati...

Korea Shopping Festa in Vietnam records $12.9 mn in export consultations

The Korean Ministry of SMEs and Startups said on Friday that the "2024 Korea Shopping Festa with Lotte" export consultation event, held in collabo...

Doosan Bobcat scraps merger with Doosan Robotics

Doosan Group on Thursday scrapped a merger between heavy machinery maker Doosan Bobcat Inc. and collaborative robot manufacturer Doosan Robotics Inc...

Hanwha’s heir apparent to unearth new drivers, tighten grip

Hanwha Group has appointed the eldest son of Chairman Kim Seung-youn to lead the investment division of the group’s eco-friendly energy unit i...

Affinity Equity bets big on Korea's car rental market

The car rental business resembles financial services. Buying cars with borrowed money, renting them out and eventually selling them to used car de...

Gloves off for Samsung, LG in high-end OLED display fight

Samsung Display Co. and LG Display Co., the global leading organic light-emitting diode panel makers, are fiercely competing in the professional OLE...

SK Hynix unveils industry’s 1st 10-nanometer DDR5, aims for top spot

SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., has emerged as the dominant player in the sought-aft...

Lotte to hold Korea Shopping Festa in Vietnam

South Korea's Lotte Group holds "2024 Korea Shopping Festa with Lotte" in Hanoi, Vietnam. The group and the Korean Ministry of SMEs and Startup...