South Korea’s Lee completes cabinet lineup with IT executive, lawmaker

South Korea’s Lee completes cabinet lineup with IT executive, lawmaker

South Korean President Lee Jae Myung has tapped an information technology firm executive as culture minister and a ruling party lawmaker as land min...

Lee names nominees for prime minister, spy agency chief, other key posts

Lee names nominees for prime minister, spy agency chief, other key posts

South Korean President Lee Jae-myung on Wednesday unveiled his nominees for major government posts, including prime minister and spy agency chief, i...

Korean court reinstates impeached PM Han as acting president

Korean court reinstates impeached PM Han as acting president

South Korea’s constitutional court on Monday ruled against the impeachment of Prime Minister Han Duck-soo, restoring him to his position as ac...

Big Tech get slap on wrist for tax avoidance in Korea

Big Tech get slap on wrist for tax avoidance in Korea

Global Big Tech companies such as Google, Meta and Netflix have paid a pittance in South Korea taxes and were fined as little as one-ten-thousandth ...

Doosan Robotics, Bobcat merger prompts call for law revision

Doosan Robotics, Bobcat merger prompts call for law revision

Doosan Group’s announcement of a merger between Doosan Robotics Inc. and Doosan Bobcat Inc. has met with strong criticism from investors and p...

Political crypto scandal hits Korean P2E game deregulation hopes

Political crypto scandal hits Korean P2E game deregulation hopes

A South Korean lawmaker’s scandal over ownership of cryptocurrencies, including those issued by domestic game developers, is expected to jeopa...

Korean lawmakers mull higher chip tax credits, battery subsidies

Korean lawmakers mull higher chip tax credits, battery subsidies

South Korea’s main opposition party will propose higher tax credits and subsidies for domestic chipmakers and battery manufacturers as early a...

Korean Chips Act revision hits roadblock as opposition lawmakers balk

Korean Chips Act revision hits roadblock as opposition lawmakers balk

The proposed revision to South Korea’s answer to the US CHIPS and Science Act has hit a roadblock as the main opposition party, which controls...

Lawmakers’ move to amend law could rattle Samsung governance

Lawmakers’ move to amend law could rattle Samsung governance

South Korean lawmakers are moving to revise an insurance industry law that would force Samsung Group-affiliated insurers to sell their shares in Sam...

Korea resolution on US EV incentives passes parliament

Korea resolution on US EV incentives passes parliament

South Korea’s lawmakers on Thursday passed a resolution to officially express its concerns over the US Inflation Reduction Act (IRA) that remo...

Why Korean chipmakers struggle with talent shortages

Why Korean chipmakers struggle with talent shortages

South Korean President Yoon Suk-yeol on Tuesday lashed out at Vice Education Minister Chang Sang-wan during a cabinet meeting, after Chang pointed t...

Korea may be backpedaling in semiconductor push: Lawmaker

Korea may be backpedaling in semiconductor push: Lawmaker

A sudden surge in demand for semiconductors post-pandemic, coupled with a prolonged chip shortage, has forced policymakers worldwide to revisit poli...

Lawmakers debate military exemption for pop artists like BTS

Lawmakers debate military exemption for pop artists like BTS

As a historic first, South Korean lawmakers are duking it out on the hotly debated topic of military exemption for global K-pop sensation BTS. ...

Korea lawmakers confirm IMF veteran as new BOK chief

Korea lawmakers confirm IMF veteran as new BOK chief

South Korea’s lawmakers gave the nod to the nomination of veteran International Monetary Fund official Rhee Chang-yong as the country’s ...

Korea bond yields near four-year highs on extra budget

Korea bond yields near four-year highs on extra budget

South Korea’s government bond yields jumped to their highs in almost four years as lawmakers sought to raise a supplementary budget to up to $...

Korea lawmakers approve record $515 bn budget for 2022

Korea lawmakers approve record $515 bn budget for 2022

South Korea’s parliament on Dec. 3 approved a record $515 billion spending for 2022 to support a recovery in Asia’s fourth-largest econo...

BTS may have to serve in South Korean army

BTS may have to serve in South Korean army

It appears the world’s top boy band BTS will have to serve in the South Korean military as lawmakers in the country have so far failed to agre...

BTS becomes first Asian act to win top AMA honor

BTS becomes first Asian act to win top AMA honor

The world’s No. 1 boy band BTS became the first Asian act to take the prize for artist of the year at the American Music Awards, one of the to...

KIC says traditional assets dwarf alternatives in 2019-20

KIC says traditional assets dwarf alternatives in 2019-20

The strong performance of traditional assets such as equities has resulted in a decrease in the proportion of alternative assets at Korea Investment...

S.Korea shows rare unease against US request for Samsung data

S.Korea shows rare unease against US request for Samsung data

The South Korean government has expressed open concern about the recent request by the US Department of Commerce for more information on the global ...

K-beauty boom propels APR ahead of LG H&H, closing gap with AmorePacific IMM joins $600 mn fund for K-beauty unicorn Goodai Global in M&A drive Blackpink’s Jump music video draws 100 mn YouTube views Seoul signals agricultural market access on tariff talks table amid intensifying US trade pressure Korea’s top four financial holding firms post stellar Q2 profit on won, non-interest gains