Korea’s Growth Champions 2024 list by Statista, Korea Economic Daily
List of Korea’s Growth Champions 2024 Rank Company Absolute Growth Rate Compound Annual Growth Rate (CAGR) Revenue 2019 Revenu...
Carmakers to expand affordable EV, hybrid lineups in Korea
Carmakers in South Korea are slated to unveil new electric vehicle models at cheaper prices next year to revive the sputtering EV market and also ro...
SK Bioscience applies Phase 3 trials in US for pneumococcal vaccine
South Korea's SK Bioscience Co. announced on Monday that it submitted the Investigational New Drug (IND) application for the Phase 3 clinical trial ...
Korea, Indonesia to facilitate bilateral trade in won, rupiah
The central banks of South Korea and Indonesia agreed to facilitate the settlement of bilateral trade in their currencies from next year as the elec...
LG Uplus, Toyota Motor Korea team up for EV chargning
South Korea's LG Uplus Corp. announced on Monday that it formed a partnership with Toyota Motor Korea to expand electric vehicle (EV) charger infr...
Hyundai, Kia’s car exports to top 2 mn units for 1st time in 7 years
Hyundai Motor Co. and Kia Corp., South Korea’s two largest automakers, are set to export more than 2 million cars in 2023 for the first time i...
New 2024 E-Class soon to arrive in Korea, land of Mercedes-Benz
As with the launch of every new E-Class, the flagship model of luxury German car brand Mercedes-Benz, the phrase “evolution, not revolution&rd...
Korean current account surplus at 19-month high on exports recovery
South Korea’s current account surplus hit a 19-month high in October as goods exports reported their first on-year growth in 14 months amid si...
Unwavering whiskey fad in Korea, held up by mass-market spirits
The whiskey hype, which started during the COVID-19 pandemic, shows no sign of receding in South Korea, and the latest craze, mainly driven by affor...
Cookie Run: Kingdom to launch in China on Dec 28
South Korean game developer DevSisters Corp. announced on Friday that its globally popular mobile game “Cookie Run: Kingdom” will offici...
SK Networks to accelerate AI-led, startup investments
SK Networks Co. will accelerate its transformation into an artificial intelligence-led investment company from a general trading firm, its President...
SK Telecom to launch telescope content service Starhug
South Korea's SK Telecom Co. announced on Friday that it has signed a memorandum of understanding (MOU) for providing the "Starhug" service, a remot...
Korea Zinc to up sales to $19 billion by 2033 with green energy
Korea Zinc Inc., South Korea’s and the world’s largest lead and zinc smelter, will accelerate its drive to foster its new growth engines...
KOWEPO inks $302 mn financing deal for Oman solar project
Korea Western Power Co. (KOWEPO) said on Thursday it signed a 400 billion won ($301.8 million) financing deal for a solar power generation project i...
Generational shift in SK leadership with chairman’s cousin on front line
SK Group is setting out for a new era, tapping younger leaders in their 40s and 50s to lead South Korea’s second-largest group in its mission ...
GM Korea’s exports surpass 10 mn units Jan-Nov 2023
GM Korea Co. said on Thursday its vehicle exports have surpassed 10 million units this year as of the end of November with shipments of 10,082,281 u...
Korea’s small diesel truck ban powers LPG-fueled models
South Korea plans to prohibit small trucks with diesel engines from new registrations next year, increasing sales of liquefied petroleum gas-powered...
Samsung Galaxy S23 FE due in Korea; to premiere S24 model in January
Samsung Electronics Co., the world’s largest smartphone maker by volume, is launching the Galaxy S23 FE series – its latest fan edition ...
South Korea to support urea purchases outside China, boost reserves
The South Korean government plans to offer financial support to domestic companies when they import urea, a substance used in diesel vehicles and fe...
SK’s Chey proposes South Korea-Japan economic bloc akin to EU
WASHINGTON, D.C. – South Korea and its closest neighbor Japan need to form an economic coalition, similar to the European Union (EU), to meet ...
Hanwha to re-enter biopharma market, targeting biomaterials
South Korea’s Hanwha Group will re-enter the biopharmaceutical market to become the country’s sole producer of tris buffers, a key reage...
Korean shipbuilders slide to 2nd place after China in November orders
South Korean shipbuilders slid to second place in new shipbuilding orders last month, yielding the top spot back to their Chinese rivals.According t...
Global NAND chip sales up in Q3 amid Samsung output cut
Global sales of NAND flash chips slightly grew in the third quarter as industry leaders such as Samsung Electronics Co. cut output, a report showed ...
SK Chair Chey calls on cousin for help in group management
SK Group Chairman Chey Tae-won has called on his cousin to help in the management of South Korea’s No. 2 conglomerate as it faces the challeng...
S.Korea to buy more F-35As, but picks Embraer C-390s for transport
South Korea has chosen the F-35A by US-based Lockheed Martin Aeronautics as its stealth aircraft and Brazil-headquartered aerospace company Embraer&...
Chipmakers Samsung, SK Hynix among foreigners’ top picks in Korea
South Korea’s two largest chipmakers, Samsung Electronics Co. and SK Hynix Inc., were among foreign investors’ top picks on the country&...
S.Korea to put $3.6 bn shares in gaming giant NXC on sale
The South Korean government said on Monday it will launch a tender offer to sell off a 29.3% stake, valued at around 4.7 trillion won ($3.6 billion)...
HSBC, BNP Paribas reported to Korean prosecutors for naked shorting
The Hongkong and Shanghai Banking Corporation Ltd. (HSBC) and BNP Paribas CIB have been reported to South Korean public prosecutors in violation of ...
China’s urea halts raise specter of another logistics crisis in Korea
China has halted customs clearance on its exports of urea, a substance used to reduce carbon emissions in diesel vehicles, raising the prospect of a...
S.Korea’s chip exports rebound, ending 15-month losing streak
South Korean exports of semiconductors, the country’s top export item, rebounded in November, ending 15 months of declines and reinforcing exp...
