supply shortage

South Korea is set to raise the quota of foreign workers by 10,000 this year to address labor shortage issues in the country’s shipbuilding, m...

South Korea plans to increase its proportion of nuclear power to 33% of the country’s energy generation by 2030, while slashing its proportion...

South Korea’s defense makers Hyundai Rotem Co. and Hanwha Defense signed formal contracts worth $5.8 billion to export battle tanks and self-p...

Hanwha Aerospace Co., South Korea’s leading aircraft engine maker, is accelerating the expansion of its urban air mobility (UAM) business.&nbs...

South Korea’s SK Ecoplant Co. has forged a partnership with China’s top data center developer and operator GDS to jointly enter the Sout...

SD Biosensor Inc., South Korea’s leading in-vitro diagnostics company, has signed an agreement to supply its COVID-19 self-test kits and other...

South Korea’s largest automaker Hyundai Motor Group ranked third in global car sales in the first half, its highest-ever ranking in terms of v...

South Korea’s agricultural product prices are expected to increase this year as the agriculture industry is suffering chronic labor shortages....

Refiners in South Korea are expected to report weak earnings in the third quarter after record profits in the previous three months as margins decli...

SK IE Technology Co. (SKIET) secured battery separator orders from Vietnam’s No. 1 conglomerate Vingroup, in the latter's push to expand into ...

South Korea’s electric vehicle and battery makers are expected to benefit from the Inflation Reduction Act of 2022, the US bill designed to br...

Samsung Electronics Co., the world’s top memory chipmaker, is seeking unmanned factories in a move that other major South Korean manufacturers...

Samsung SDI Co., a major South Korean battery maker, said on Friday that it is in talks with multiple automakers around the world to supply a next-g...

South Korea’s top chemicals company LG Chem Ltd. has signed a long-term battery materials supply deal with General Motors Co. to support the U...

A consortium led by South Korea’s IGIS Asset Management Co. and US private equity giant KKR & Co. is set to acquire Shinhan Investment Cor...

The majority of South Korea’s small and medium-sized exporters are concerned about a possible cancellation of orders or difficulty in winning ...

Samsung Electro-Mechanics Co., the electronic components unit of Samsung Group, has won a multi-billion-dollar deal to supply camera modules to Tesl...

LG Energy Solution Ltd., one of the world’s leading battery makers, has agreed to supply its cylindrical batteries to Isuzu Motors Ltd., Japan...

A number of veterinary diagnostics companies are struggling to differentiate themselves in the global market. According to Grand View Research Inc.,...

South Korea suffered the largest trade deficit for the first half of a year on surging energy prices and slowing exports, while consumer sentiment i...

SK Materials Co., an industrial gas manufacturing affiliate of South Korea’s SK Inc., and Japanese chemicals company Showa Denko K.K. have agr...

South Korea’s display equipment makers are suffering from the global supply disruption with forced delayed shipments of products to clients, i...

South Korea’s petrochemical companies will build power plants for the first time in their history to meet their rising energy needs on a stabl...

South Korea’s semiconductor sector needs more support from the government not only to compete against global rivals backed by their own govern...

South Korea’s steel giant POSCO Group plans to expand its partnership with Australian mining group Hancock Prospecting Pty Ltd. into other typ...

South Korea’s Hanwha Aerospace Co., has been chosen as one of the best partners of Rolls-Royce, the world’s leading aircraft engine ma...

Envioneer Co., a South Korean composite materials manufacturer, and Toray Advanced Materials Korea Inc. joined forces to launch businesses of aromat...

South Korea’s major industries, especially the petrochemical and auto parts sectors, are suffering from surging global commodity prices, a wea...

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...

South Korea’s unionized truckers, on day three of a large-scale strike, have moved to disrupt the supply of materials needed to manufacture se...