Food giant Nongshim exports two container units of smart farm to Oman

Nongshim Co., a South Korean food and instant noodle manufacturer, announced on Wednesday that it is slated to export a smart farm system to Oman, a...

Doosan Fuel Cell expands exports with China deal

South Korea's Doosan Fuel Cell on Monday said it has signed an export contract worth 346.9 billion won($255 million) to supply large-scale versions ...

Number of tourists to S.Korea, Japan surge on eased visa restrictions

As restrictions to traveling across national borders loosen, the number of international travelers to both South Korea and Japan have been on the ri...

Korea LIG Nex1 to enjoy record earnings on missile exports

LIG Nex1 Co., a leading South Korean defense company, is expected to see record earnings this year on strong missile exports, helping its shares sur...

Korean exporters suffer FX derivate losses on weak won

More South Korean exporters suffered massive losses from foreign exchange derivatives on a weaker won, failing to benefit from the unit’s depr...

Kia mulls investing $754 mn in China instead of Russia

Kia Corp., South Korea’s second-largest carmaker, is considering an investment of $754 million, which had been set aside for Russia, in China ...

Korea’s job growth at 11-month low deepens economic woes

South Korea’s job growth in October fell for a fifth consecutive month to the lowest in eleven months, boosting concerns over a slowdown in As...

Korea won hits 2-month high on US election, China hopes

The South Korean won on Wednesday hit a two-month high on expectations that a victory by the Republicans in the US midterm elections may slow the Fe...

Korea Inc. accumulates cash as economic downturn deepens

South Korean companies, led by the country’s most valuable firm Samsung Electronics Co., have rushed to accumulate cash as interest rates kept...

Korea, Hyundai Motor request 3-year reprieve on US EV tax credit law

The South Korean government and the country’s top automaker Hyundai Motor Co. have requested the US government give Korean carmakers a three-y...

Hyundai Oilbank extends US fuel export deal with Sunoco

Hyundai Oilbank Co. extended a deal with US independent fuel distributor Sunoco LP to export petroleum products to Hawaii as the South Korean refine...

Korea’s 1st export decline in 2 years dims BOK’s big-step rate hike outlook

South Korea’s exports fell for the first time in two years in October, posting a trade deficit for seven months in a row – the clearest ...

South Korea on course for seventh month of trade deficit

South Korea is poised to post a trade deficit for the seventh straight month in October, which would mark the longest period of shortfalls in 25 yea...

Korea eyes $20 bn in weapons exports as Hanwha inks $6 bn Polish deal

South Korea has moved a step closer to achieving a record 28 trillion won ($20 billion) in weapons exports this year, with Hanwha Defense Co. clinch...

S.Korea exempts foreign investors from treasury bond tax

South Korea on Oct. 17 started exempting foreign investors from two types of taxes on Korean treasury bonds and monetary stabilization bonds investm...

Samsung launches upgraded digital wallet to take on Apple Pay

South Korea’s tech giant Samsung Electronics Co. said on Friday it is launching its digital wallet platform in 13 more countries by year-end t...

US DOE officials in Seoul to meet with Hyundai Motor, battery makers

US Department of Energy officials are in South Korea to discuss details of its electric vehicle and battery tax credit law with Korean government of...

US to allow Samsung, SK Hynix to import to China for 1 year

The Biden administration has decided to allow Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chipmakers, to import ...

Korean corporate bond issuance hits 2022 monthly low in September

South Korean corporate bond issuance in September hit a monthly low this year on souring investor sentiment due to interest rate hikes.Corporate bon...

Samsung Q3 earnings disappoint on weak chip business

Samsung Electronics Co., the world’s top memory chipmaker, missed third-quarter earnings estimates on the weak semiconductor business and its ...

Sinking won fans doubts over Korea’s economic fundamentals

The tanking South Korean won currency has stoked doubts over the fundamentals of Asia’s fourth-largest economy, although the government contin...

LIG Nex1 to invest $77 million to expand weapons production facility

LIG Nex1 Co., a leading South Korean defense company, said on Thursday it will spend 110 billion won ($77 million) on its production facility expans...

Lotte Card seeks to sell transportation card subsidiary

South Korea’s credit card company Lotte Card Co. is slated to sell its subsidiary Loca Mobility Corp., the second-largest public transportatio...

Weaker won offers no leg up for Korean exporters

The steeper-than-expected decline in the won’s value is posing a grave threat to South Korean companies already struggling with rising inflati...

Korea defense firms showcase new weapons for record exports

South Korean defense makers showcased next-generation products with artificial intelligence, robot and stealth functions for the future battlefiel...

ADB cuts Korea’s 2023 growth outlook as trade in deficit for sixth month

The Asian Development Bank (ADB) has slashed its 2023 growth outlook for the South Korean economy, citing daunting global risks, as the country is h...

KAI signs $3 bn fighter jet export contract with Poland

Korea Aerospace Industries Ltd. (KAI), the country’s military aircraft manufacturer, has inked a formal deal worth $3 billion to export light ...

POSCO may need months to normalize typhoon-hit steel mill

POSCO, the world’s sixth-largest steelmaker, is expected to need months to resume full operations of its typhoon-hit plant, which makes up a q...

S.Korea in for longest monthly trade deficit spell in 25 yrs

South Korea is poised to report a trade deficit for a sixth straight month in September, which would mark its longest period of trade shortfalls in ...

Korea eyes $3.8 billion in Redback armored vehicle exports to Australia

South Korea is expected to clinch a deal to export more than 5 trillion won ($3.8 billion) worth of armored vehicles to Australia, which is strength...