market outlook 2023

Hyundai Motor India is in the early stages of talks to go public later this year to raise at least $3 billion, Reuters reported on Monday, as Hyunda...

Hyundai Motor Co. will expand its certified secondhand car business into electric vehicles (EVs) to increase the range of used vehicles it deals wit...

South Korea’s luxury resort market seems to operate out of sync with the economy. High-end operators are opening swanky holiday resorts in Kor...

Dear Dahlia, a South Korean vegan makeup brand that operates around 300 stores across the globe, has been put on for sale for more than 100 billion ...

S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., on Friday posted a 58.3% decline in its operating profit last year, weighed by lower re...

POSCO International Corp., a South Korean general trading and energy exploration company, will invest 1 trillion won ($760 million) in its energy bu...

Korea Aerospace Industries Ltd. (KAI), the country’s sole military aircraft manufacturer, posted record revenue last year, boosted by the ex...

Samsung C&T Corp.'s construction unit and Hyundai Engineering & Construction Co. stood out with increased profits last year on overseas proj...

South Korea's SK Chemicals Co. is targeting the US medical packaging market with its circular recycling materials. Circular recycling is SK Chemical...

South Korean limited partners will tap private debt as their most preferred asset class in 2024 to secure stable income amid geopolitical conflicts an...

Samsung Group’s fashion unit posted record profit and revenue for the second straight year in 2023. The fashion division, which logged deficit...

South Korean cosmetics giant Amorepacific Group's stock closed at 3,400 won ($2.6) on Wednesday, down 12.1% after the group announced disappointing ...

South Korea's Lotte Wellfood Co. announced on Wednesday that it plans to build a Pepero production line in India. Pepero is a thin cookie stick with...

Samsung Electronics Co., the world’s top memory chipmaker, on Wednesday offered an upbeat outlook for the semiconductor industry on recovering...

The South Korean travel retail industry, once considered the country’s golden goose, is forced to streamline operations given no signs of a dr...

The number of foreign tourists visiting Korea last year exceeded 11 million, reaching 63% of the pre-COVID level, with over 1 million arrivals month...

South Korean convenience store chains are accelerating exports of food products under their private brands as the domestic market competition is int...

South Korea's Fashion Group Hyungji reported on Tuesday a preliminary 30 billion won ($22.5 million) in earnings for 2023, a staggering 145% jump fr...

BEIJING – Hyundai Motor Co. has joined hands with Beijing Motor Corp. (BAIC) to debut a new electric vehicle brand specifically tailored to Ch...

Hyosung Advanced Materials announced on Monday that its operating profit for last year on a consolidated basis was 172.4 billion won ($129 million),...

Hyundai Mobis Co., the world’s sixth-largest automotive parts maker, known as Mobis outside of its home South Korea, expects another strong ye...

Sovereign wealth fund Korea Investment Corporation (KIC) said on Monday it has launched its Mumbai office, establishing the state-run fund’s f...

South Korea’s Hyundai Mobis, the world’s sixth-largest auto parts maker, reported on Friday that its revenue was 59.25 trillion won ($44...

LG Electronics Inc. is consolidating its lead over Whirlpool Corp. as the world’s top home appliances maker as the South Korean electronics ma...

South Korea's Lotte Duty Free announced on Friday that it has signed a memorandum of understanding (MOU) with Modetour Network Inc. to jointly devel...

South Korea’s major power plant builder Doosan Enerbility Co. has bagged a 280 billion won ($209.6 million) contract to supply core equipment ...

With 2023 at a close, financial markets are at an important junction. Major developed market central banks have paused their rate rises and there ...

Kia Corp., South Korea’s second-largest automaker, on Thursday posted record 2023 profit and sales revenue, driven by strong sales of pricey m...

Lotte Property & Development Co. (Lotte P&D) announced on Wednesday that the total number of visitors to Lotte World Tower and Mall last yea...

Hyundai Wia Corp., a South Korean automotive parts manufacturer, said on Wednesday it secured 1.045 trillion won ($781 million) worth of overseas or...