price cut

The global semiconductor industry has been plagued by a chip shortage for a couple of years with automakers and other manufacturers struggling to se...

South Korean companies are at risk of credit rating downgrades as the fallout of a debt default by the domestic developer of a Legoland theme park r...

​​​​​​​The price of manufactured food has been surging in recent months, beginning with ready-made rice, instant noodles, and snacks. This week...

South Korean economic growth is expected to decline further next year to the slowest level since the COVID-19 breakout while inflation is likely t...

LG Display Co., a major South Korean display panel maker, said on Tuesday it has developed the world’s first full-color stretchable display th...

South Korea’s central bank may increase interest rates by 50 basis points again as the US Federal Reserve continued to aggressively tighten mo...

South Korea on Oct. 26 officially launched the carbon neutrality commission based on laws for green growth, which took effect last March, amid the g...

Samsung Electronics Co., the world’s largest memory chip and smartphone maker, said on Thursday it will not reduce its production despite dwin...

SK Hynix Inc., the world’s second-largest memory chipmaker, is aiming to secure market dominance for a next-generation DRAM chip called DDR5 b...

POSCO Holdings Inc., the holding company of the world’s sixth-largest steel maker, missed market estimates for its quarterly profit as last mo...

Foreign investors have returned to the South Korean market, snapping up chip industry leaders such as Samsung Electronics Co. and SK Hynix Inc. for ...

GS Caltex Corp. Chief Executive Hur Sae-hong said on Monday he expects global oil prices, which remain elevated due to geopolitical tensions, won&rs...

South Korea’s central bank on Wednesday delivered its second 50-basis-point policy interest rate hike as the ailing won currency adds to infla...

South Korea’s online portal giant Naver Corp. is poised to hire an investor relations (IR) executive whose chief responsibility will be to com...

South Korea’s three major shipbuilders have regained the world’s No. 1 title in terms of ship orders and are expected to swing to profit...

South Korean private equity firm Hahn & Company is set to put a 100% stake in biofuel manufacturer SK Eco Prime on sale, with Goldman Sachs as a...

South Korea’s airlines, already slammed by a weaker won currency and rising interest rates, are expected to suffer more from global major oil ...

SILICON VALLEY – Samsung Electronics Co., the world’s top memory chipmaker, is not considering slashing its memory chip production despi...

Korea Shipbuilding & Offshore Engineering Co. (KSOE), under Hyundai Heavy Industries Group, is forecast to have turned to the black for the firs...

Eco-friendly cars such as electric vehicles and hybrids have increased their share in South Korea's used car market, together accounting for 36% of ...

Deep learning-based Software as a Service (SaaS) provider Z.Ai Inc. won the September pitch competition hosted by Seoul-based startup accelerator D....

Samsung Electronics Co., the world’s largest memory chipmaker, has slashed its outlook for second-half semiconductor sales revenue by a third ...

NAND flash memory chip prices are expected to sustain a double-digit decline in the fourth quarter of this year due to oversupply and waning demand,...

South Korea’s POSCO International Co. and its Australian mining partner Hancock Prospecting Pty Ltd. will invest A$300 million ($200 million) ...

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

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

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...

South Korea had sold a net $18.9 billion of US Treasury bonds in the first seven months of this year, data showed, as foreign exchange authorities w...

LG Electronic Inc. is set to produce solar energy to support 10% of the annual electricity consumption at its Changwon plant in South Korea.The firm...

South Korea’s battery and semiconductor companies, stock investors’ favorites, failed to revive the local initial public offering market...