Korea puts brakes on Chanel, Hermes, Nike resale bans

Korea puts brakes on Chanel, Hermes, Nike resale bans

The Korea Fair Trade Commission (KFTC) has put the brakes on what it calls unfair business practices whereby Chanel, Hermes and Nike ban customers f...

S.Korea’s factory output, consumption dwindle in October

S.Korea’s factory output, consumption dwindle in October

South Korea’s factory activity waned last month, snapping a recovery streak in the previous two months, largely due to a drop in chip producti...

SK gives up e-commerce platform management

SK gives up e-commerce platform management

SK Group, South Korea's No. 2 conglomerate, gave up its online retail platform 11Street Co. as financial investors are now able to sell off their st...

CJ ENM, SK Square to merge OTTs to take on Netflix

CJ ENM, SK Square to merge OTTs to take on Netflix

CJ ENM Co., South Korea’s entertainment powerhouse, and SK Square Co., an investment unit of the country’s No. 2 conglomerate SK Group, ...

KHNP eyes Canada's nuclear energy project with ARC, NB Power

KHNP eyes Canada's nuclear energy project with ARC, NB Power

Korea Hydro and Nuclear Power Co. (KHNP) said on Wednesday it has signed a non-binding agreement with ARC Clean Technology Canada Inc. and New Bruns...

Foreign visitors to S.Korea on course to top 10 mn milestone

Foreign visitors to S.Korea on course to top 10 mn milestone

The number of foreign visitors to South Korea spiked 158.3% to 1.23 million in October from the month previous, the Korea Tourism Organization said ...

POSCO completes construction of Korea’s 1st lithium hydroxide plant

POSCO completes construction of Korea’s 1st lithium hydroxide plant

POSCO Holdings Inc., the investment and holding company of South Korea’s steel giant POSCO, said on Wednesday it has completed the constructio...

KIC recoups 40% of 2022’s loss on stock, bond gains

KIC recoups 40% of 2022’s loss on stock, bond gains

Korea Investment Corp. (KIC) posted a 7.12% return on total asset investments in the first eight months of this year, recouping about 40% of last ye...

Korea, Chile launch 8th round of FTA upgrade negotiations

 Korea, Chile launch 8th round of FTA upgrade negotiations

The eighth round of negotiations for modernizing the Korea-Chile Free Trade Agreement (FTA) will take place in Seoul from November 29 to December 1....

More Koreans seek high-yield bond funds, betting the Fed will end hikes

More Koreans seek high-yield bond funds, betting the Fed will end hikes

South Korean investors are growing more interested in global high-yield bond funds, betting that the US Federal Reserve is likely to end its interes...

Eastspring Asset in Korea up for grabs at about $77 mn

Eastspring Asset in Korea up for grabs at about $77 mn

Eastspring Asset Management Korea Co., the Korean operation of Prudential plc’s asset management unit, is up for sale for about 100 billion wo...

SK C&C to build Hana Securities STO system

SK C&C to build Hana Securities STO system

South Korea's SK C&C announced on Tuesday that it will supply its blockchain service platform ChainZ Security Token (ChainZ ST) to build the sys...

Korea to raise unskilled foreign worker visa quota to record high

Korea to raise unskilled foreign worker visa quota to record high

South Korea is set to increase its visa quota for non-professional foreign workers to a record high and expand the sectors in which they can work to...

SK Telecom to expand metaverse market in SE Asia

SK Telecom to expand metaverse market in SE Asia

South Korea's SK Telecom Co. announced on Monday that it partnered with three IT companies in Southeast Asia to accelerate its metaverse market st...

SK, Lotte cut copper foil output; to up Malaysia capacity

SK, Lotte cut copper foil output; to up Malaysia capacity

SK Nexilis Co. and Lotte Energy Materials Corp., South Korea’s two leading copper foil producers, have continued to reduce factory operation r...

Apple to open sixth store in S.Korea

Apple to open sixth store in S.Korea

Apple Inc. said on Monday that it will open its sixth store in South Korea on Dec. 9. The new store will be located in the Starfield Hanam shop...

Korea to invest $200 mn in new drugs, vaccines by 2028

Korea to invest $200 mn in new drugs, vaccines by 2028

South Korea’s health ministry will allocate 261.6 billion won ($200.2 million) for two funds over the next four years to boost private sector ...

Korean ELS investors biting nails over sharp falls in Hong Kong shares

Korean ELS investors biting nails over sharp falls in Hong Kong shares

Chinese shares listed on the Hong Kong bourse have fallen sharply so far this year, placing the city’s main stock index, the HSCEI, among the ...

Daewoo E&C seeks energy infrastructure biz in Yemen

Daewoo E&C seeks energy infrastructure biz in Yemen

South Korea's Daewoo Engineering & Construction Co. announced on Friday that it signed a memorandum of understanding (MOU) with the Yemeni Minis...

Korea's KDB likely to tap top bidder for HMM in November

Korea's KDB likely to tap top bidder for HMM in November

Competition to acquire HMM Co., the top container line in South Korea, is intensifying as the bidders are offering almost the same prices for the de...

SK Group to buy 537 GWh green power from SK E&S

SK Group to buy 537 GWh green power from SK E&S

South Korea’s second-largest conglomerate SK Group is accelerating its net zero transition with its affiliates agreeing to buy 537 gigawatts h...

S.Korea to pour $26 bn in UK’s renewables, infrastructure

S.Korea to pour $26 bn in UK’s renewables, infrastructure

South Korea’s sovereign wealth fund, banks and other private sector companies plan to pour £21 billion ($26.3 billion) in renewables, in...

Hyundai Motor signs Korea’s largest PPA deal to go carbon neutral

Hyundai Motor signs Korea’s largest PPA deal to go carbon neutral

South Korea’s top automaker Hyundai Motor Co. said on Thursday it has signed a power purchase agreement (PPA) with Hyundai Engineering & C...

SK C&C to promote AI healthcare for brain diseases

SK C&C to promote AI healthcare for brain diseases

South Korea's SK C&C announced on Thursday that it signed a strategic business agreement with Neurophet, a cloud-based AI platform for brain ima...

S.Korea to develop Batam airport as Indonesia's air hub

S.Korea to develop Batam airport as Indonesia's air hub

BATAM – State-run Incheon International Airport Corp. (IIAC) is accelerating the growth of Hang Nadim International Airport in Batam, Indonesi...

S. Korea’s CU surpasses 500 global stores

S. Korea’s CU surpasses 500 global stores

South Korean convenience store chain CU announced on Thursday that it surpassed 500 global stores, achieving an annual footfall of 100 million overs...

BP, Corio to invest $1.1 billion in S. Korea as Seoul-London ties deepen

BP, Corio to invest $1.1 billion in S. Korea as Seoul-London ties deepen

LONDON – British offshore wind power developer Corio Generation and energy giant BP Plc have agreed to invest a combined 1.5 trillion won ($1....

Korean LCCs baffled as Korea-Indonesia aviation talks stall

Korean LCCs baffled as Korea-Indonesia aviation talks stall

South Korea’s low-cost carriers (LCCs) may have to shelve plans to launch service to Indonesia after the two countries failed to reach an agre...

SK Pharmteco launches new viral vector platforms, key for CGT

SK Pharmteco launches new viral vector platforms, key for CGT

SK Pharmteco Co., South Korean conglomerate SK Group’s contract development and manufacturing organization (CDMO), has recently introduced two...

SK Bioscience to develop 2nd-generation Ebola vaccine

SK Bioscience to develop 2nd-generation Ebola vaccine

South Korea's SK Bioscience Co. announced on Wednesday that it signed a business agreement with the international non-profit research organization H...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race