S.Korea cuts growth outlook to 0.9%, banks on AI to reignite economy
South Korea’s government cut its 2025 economic growth forecast in half from its earlier expectation, saying the economy will expand just 0.9% ...
Korea tightens curbs on foreign homebuyers with new permit system amid speculation fears
South Korea will impose sweeping restrictions on foreign property transactions across the Seoul Metropolitan Area, citing concerns over speculative ...
S.Korean President Lee to meet KPop Demon Hunters director Maggie Kang, TWICE
South Korean President Lee Jae Myung will meet with Maggie Kang, director of the Netflix animated feature KPop Demon Hunters, along with K-pop girl ...
LG to unveil new energy-saving fridges, washer-dryers at IFA 2025
LG Electronics Inc. will unveil 25 new refrigerator and washer-dryer models tailored for the European market at IFA 2025, the company said on Tuesda...
Woori Bank opens Austin’s first Korean lender branch as US presence gathers pace
Woori Bank, a unit of Woori Financial Group Inc., South Korea’s fourth-largest financial services provider, has opened a branch in Austin, Tex...
Global investors flock to K-beauty startups as sector mints new unicorn BENOW
South Korea’s beauty startup scene is attracting a wave of overseas venture capital, underscoring renewed investor appetite for the country&rs...
South Korea taps new heads for finance and competition regulators
South Korean President Lee Jae Myung has nominated a former senior finance ministry official, a veteran lawyer and an academic economist to lead thr...
South Korea’s EV sales jump, hinting at end to market slump
South Korea’s electric vehicle market is showing signs of recovery after a prolonged slowdown, with both new and used car sales rebounding fas...
NCSOFT surges past Krafton on robust Q2; high hopes for Aion 2 game release in H2
NCSOFT Corp., a major South Korean game developer and publisher, has regained its lead over rival Krafton Inc. in the stock market after posting str...
Kayne Anderson sees strategic opportunity in resilient, needs-based real estate sectors
Despite an uncertain economic landscape, Kayne Anderson Real Estate, the real estate investment arm of Kayne Anderson, is doubling down on what it d...
From ramen to skincare, Samyang beats Toyo Suisan in market cap; APR nears Shiseido
As Korean food and beauty products ride a wave of enduring global demand, Samyang Foods Co. has overtaken Japan’s Toyo Suisan Kaisha Ltd., the...
BTS label BigHit to debut new boy band CORTIS on Aug. 18
BigHit Music, the powerhouse behind global K-pop acts BTS and Tomorrow X Together (TXT), has unveiled the name of its new boy group, CORTIS. The fiv...
Hyundai, GM to co-develop five brand new vehicles, seek joint sourcing
Hyundai Motor Co. and General Motors Co. will jointly develop five brand new vehicles and source materials and car components, the two companies sai...
Global investment banks raise S.Korea’s growth forecasts as trade tensions with US ease
Global investment banks are revising up their growth forecasts for South Korea, citing easing trade uncertainties and signs of a consumer-led recove...
Coupang ramps up Taiwan push amid K-beauty boom, US tariffs
Coupang Inc., South Korea’s largest e-commerce platform, said on Wednesday it will expand investment to strengthen overnight delivery services...
ASK Singapore 2025 to offer rare insights into Korean investment landscape
South Korea’s leading private equity and venture capital firms will convene in Singapore on Oct. 27 for ASK Singapore 2025 (sg.kedask.com), wh...
Naver, LG, SK, NC, Upstage named to build S.Korea’s sovereign AI model to challenge ChatGPT
South Korea has chosen five technology firms, including LG, Naver and SK Telecom Co., to spearhead the country’s flagship sovereign AI initi...
K-beauty diversifies markets for global growth amid US tariffs
South Korean beauty brands are diversifying overseas markets to accelerate global expansion, as 15% US tariffs and intensifying competition may hind...
Seoul’s tax reform hits top firms as US tariffs, tighter rules loom
South Korea’s finance ministry has finalized a tax reform plan that raises the top corporate tax rate by one percentage point to 25% and incre...
Coca-Cola names BTS’ V as new brand ambassador: 'Excited to share the thrill'
Coca-Cola has a new face — and it’s none other than V of BTS. The beverage giant announced Thursday that the global K-pop star has ...
Fabless chip unicorn FuriosaAI raises $120 mn in new funding
South Korea’s AI chip designer FuriosaAI Inc. said on Thursday it has raised 170 billion won ($120 million) in bridge funding from about 40 in...
SK Innovation to merge SK On with SK Enmove to boost financial health
SK Innovation Co., an intermediary holding company of South Korea's No. 2 business group, said on Wednesday it will merge SK On Co. with SK Enmove C...
S.Korea to expand growth fund to $110 bn to nurture 'Korean Nvidia'
South Korea is considering creating a 150 trillion won ($110 billion) national fund to support high-tech industries as part of President Lee Jae-myu...
BTS live album debuts at No. 10 on Billboard 200, setting new K-pop record
BTS’s first live act album Permission to Dance on Stage – Live debuted at No. 10 on the Billboard 200 albums chart dated Aug. 2, accordi...
Korea’s top four financial holding firms post stellar Q2 profit on won, non-interest gains
South Korea’s four largest financial holding groups posted stellar profits in the second quarter, bolstered by a sharp increase in non-interes...
Hyundai Mobis defies tariff headwinds with 37% jump in Q2 profit
South Korea’s top auto parts maker Hyundai Mobis Co. posted a 36.8% year-on-year rise in second-quarter operating profit, buoyed by a strategi...
S.Korea avoids recession with 0.6% Q2 GDP growth; US tariff impact seen limited
The South Korean economy returned to firmer footing in the second quarter, expanding 0.6% from the previous three months, as a recovery in exports a...
S.Korea’s ruling party gears up for won-based stablecoin legislation
South Korea’s push to launch won-based stablecoins is taking shape as the ruling Democratic Party unveiled proposed legislation to promote cry...
GM CEO Mary Barra quells Korea exit talk amid mounting auto tariff pressures
US auto giant General Motors Co. is regarding its South Korean factories as central to its global supply chain, particularly for compact SUVs and el...
TaylorMade sale takes new turn as F&F hires Goldman for bid
F&F Holdings Co., a South Korean fashion retailer and the largest strategic investor in TaylorMade, has entered a head-to-head showdown with Cen...
