Privatization of Korea’s top container line HMM to gain traction
South Korea’s move to privatize container shipping line HMM Co. to recover taxpayer money is gaining traction as government officials start lo...
Shipbuilding expected to lead manufacturing sectors in export growth
South Korea's shipbuilding exports this year are expected to jump 76.1% from last year to $32.4 billion to lead all major manufacturing industries i...
S.Korea's automotive unit Kolon Mobility Group reborn as separate entity
South Korea's Kolon Mobility Group has been launched with Lee Kyu-ho, the great grandson of the Kolon Group founder Lee Won-man, as co-CEO. Formerly...
S.Korea’s IPO market sours as Kurly postpones listing
South Korea’s initial public offering market has soured as gourmet food delivery platform Kurly Inc. delayed its listing amid deteriorating in...
Novarex, Riman sign agreement to jointly develop health-functional food
South Korea's health functional foods company Novarex and cosmetics company Riiman Korea met to promote the health-functional foods business togethe...
Korean LCCs cancel China-bound flights due to COVID-19
Toughened COVID-19 testing requirements on Chinese travelers will likely dent hopes for South Korea's low-cost airlines to recover from three years ...
Korea's coffee brand Ediya to open 1st overseas branch in Guam
Ediya Coffee, South Korea's home-grown low-priced coffee brand, will open a branch in Guam in the first half of this year to seek growth through exp...
S.Korea fines Tesla $2.2 mn for alleged false advertising
South Korea’s antitrust body has decided to impose a fine of 2.9 billion won ($2.2 million) on Tesla Inc., the world’s top electric vehi...
S.Korea Inc. ramps up cash reserves amid economic woes
South Korean companies are rushing to raise cash from the beginning of the new year amid growing concerns over a global economic downturn and market...
Korea proposes bigger tax breaks for chipmakers, key industries
The South Korean government plans to raise tax breaks for facility investments by big companies, including chipmakers, to as much as 25% following P...
S.Korea's Daehan Green Power invests in energy superstation biz
South Korea's Daehan Green Power has entered the green hydrogen sector, a new growth engine, through an energy super station project.The company on ...
KT, E-mart warm up S.Korea's corporate bond market
South Korea's KT Corp. and E-mart Inc. are the frontrunners in the new year's corporate bond demand forecasts, attracting attention on if they can b...
Naver, Kakao to hold off M&As to pursue profits
Naver Corp. and Kakao Corp., South Korea’s two leading online platforms, will put on hold acquisition-oriented growth strategies and instead p...
S.Korea's gaming industry reaches $15.7 billion in scale
South Korea's game industry in 2021 saw sales of over 20 billion won ($15.7 billion), ranking the country fourth on the global market. The Kore...
S.Korea ranks as 6th most powerful country, beating Japan
TOKYO - South Korea ranked the world’s sixth most powerful country, beating Japan, while the peninsular nation was far behind its neighbor in ...
S.Korea's top 2 LPG importers E1 and SK Gas cut supply price
South Korea's two major importers of liquefied petroleum gas (LPG), E1 Corp. and SK Gas Corp., have both cut their supply price of LPG in the first ...
Samsung Elec seen as 2023 top outperformer in Korea
Samsung Electronics Co. topped the list of stocks expected to outperform the South Korean stock market in 2023 on the prospect of a rebound in the m...
Korea's Traders Wholesale Club launches paid membership program
S.Korea's big-box store Traders Wholesale Club officially launched its paid membership program called Traders Club on Sunday.The store has secured...
Shinhan Bank to completely scrap mobile, online balance transfer fees
Beginning on New Year's day, Shinhan Bank started waiving all balance transfer fees to other bank accounts and automated transfer fees for its mobil...
S.Korea begins PCR testing of all passengers coming from China
South Korea on Monday implemented tougher quarantine measures on arrivals from China like a PCR test for COVID-19.Thus quarantine authorities requir...
Korea’s NPS to be in red in 2022 with 5.3% loss in Jan-Oct
South Korea’s National Pension Service (NPS), the world’s third-largest such fund, is poised to report an annual loss in 2022 for the fi...
S.Korea logs record trade deficit in 2022; outlook dim
South Korea suffered a record trade deficit last year as the ongoing war in Ukraine ramped up energy import bills, while the outlook remained dark w...
Hyundai Motor to boost EV leasing in US for tax credits from 2023
South Korean electric vehicles for lease are forecast to receive US tax credits under the Inflation Reduction Act (IRA) as new guidelines of the law...
LG Uplus to develop metaverse service for children with Witch Company
South Korea's third-largest mobile carrier LG Uplus Corp. said on Friday that it will develop a web3 service for children to provide an immersive ex...
Korea plans to raise tax breaks for chipmakers, key industries
The South Korean government plans to revise a recently passed bill aimed at supporting the country’s semiconductor sector and other key indust...
CJ Logistics aims to achieve carbon neutrality goal by 2050
South Korea's parcel delivery company CJ Logistics said on Friday that it will achieve carbon neutrality by 2050 for a more sustainable future in lo...
S.Korea's Alteogen signs $145 million tech export deal with Swiss company
South Korea's bio company Alteogen Inc. on Friday said it signed its fourth technology export contract since its 2018 development of the human recom...
South Korea to double stockpiles of rare-earth minerals
South Korea's Ministry of Trade, Industry and Energy said on Friday it will double the government's stockpiles of rare-earth minerals and halve thei...
SK Telecom applies mobile edge computing tech in US
SK Telecom Co. said on Thursday it had transmitted terrestrial broadcasting in the US capital of Washington D.C. using mobile edge computing (MEC) a...
MBK signs $2 bn deal to acquire 3D dental scanner firm Medit
Asia-focused private equity firm MBK Partners is acquiring Medit Corp., the world’s third-largest 3D dental scanner maker, for 2.45 trillion w...
