Lee Jae-myung to meet with top business leaders ahead of G7 summit
South Korea’s newly elected President Lee Jae-myung plans to meet with the country’s top business leaders before departing for the Group...
S.Korea’s job growth slows for 2nd straight year in 2024
South Korea’s job growth slowed last year amid a prolonged slump in the country’s construction, manufacturing and retail sectors, boding...
Lotte replaces 21 CEOs, slashes executive jobs by 22% in drastic reshuffle
South Korea’s retail-to-chemical conglomerate Lotte Group on Thursday replaced 21 chief executives across its affiliates and slashed executive...
Samsung to cut chip executive jobs, restructure in battle versus SK Hynix
Samsung Electronics Co. plans to drastically cut its chip executive jobs and restructure semiconductor-related operations as it struggles to compete...
SK Pharmteco to invest $260 mn in new peptide factory in S. Korea
SK Pharmteco, the contract development and manufacturing organization (CDMO) of South Korea's SK Inc., said on Tuesday that it plans to invest $260 ...
S.Korea’s NPS investment arm suffers from chronic understaffing
South Korea’s largest institutional investor, the National Pension Service (NPS), managing 1,150 trillion won ($870.6 billion) in assets, stru...
Loss-making Gmarket joins Shinsegae’s job cut spree
Gmarket Inc. will cut jobs for the first time since it was acquired by South Korea’s retail giant Shinsegae Group in 2021, joining the group&r...
SK On to cut jobs for first time amid sustained EV weakness
SK On Co., the world’s fifth-largest electric vehicle battery maker, plans to cut its workforce with the company’s first voluntary retir...
Hyundai Motor Group to nurture young talent in Indonesia
Hyundai Motor Group said on Wednesday that it held the inaugural ceremony for the first cohort of H-Jump School Indonesia in Jakarta, Indonesia, the...
South Korea’s job growth rises in July led by elderly workers
South Korea’s job numbers grew in July, led by new hires among those in their 60s and older in one of the world's fastest-aging countries. The...
LG Display cuts vendors’ stakes, axes jobs for turnaround
LG Display Co., the world’s top manufacturer of large-size organic light-emitting diode (OLED) panels, reduced stakes in its vendors while cut...
Strong exports power S.Korea’s manufacturing job growth
South Korea’s job increases rebounded in April with growth in the manufacturing sector at a 17-month high on strong exports amid the semicondu...
Korea’s Eduwill suffers credit-rating cuts, capital erosion
Eduwill Corp., South Korea’s leading provider of online and offline test prep courses for adults, has taken a hit from a series of credit-rati...
Korean government vows stern response to Tokyo’s pressure on Naver
The South Korean government said on Monday it will resolutely respond to any “unfair” measures by Tokyo against Naver Corp., which is re...
Hyundai’s JV Motional delays robotaxi commercialization, cuts jobs
Self-driving technology developer Motional decided to delay robotaxi deployments with ride-hailing companies Uber Technologies Inc. and Lyft Inc. ag...
Naver, named 3rd most innovative company in the Asia-Pacific
South Korea’s online giant Naver Corp. ranked as the third most innovative company in the Asia-Pacific by a top US business magazine for the p...
Trump confidant Arkansas Gov. Sanders in Seoul for trade talks
Sarah Elizabeth Huckabee Sanders, Arkansas governor and long-time confidant of former US President Donald Trump, has shown firm support for her form...
Samsung unveils Galaxy Tab Active5 enterprise version
Samsung Electronics Co. announced on Friday that its enterprise version of the tablet Galaxy Tab Active5 started to sell on business-to-business (...
Korea's job growth at 10-month high despite weak youth employment
South Korea’s job increases rose for a second straight month to a 10-month high in January thanks to higher employment of the older, although ...
Vietnamese lead record-high foreign job growth in S.Korea
The number of foreign employees in South Korea reached an all-time high this year, with the Vietnamese leading the pack, amid rising minimum wages a...
S.Korea’s labor gains slow in November with fewer jobs for young people
South Korea’s nonfarm payroll growth slowed in November after the country with the world’s lowest fertility rate marked its 13th straigh...
Korean food, retail firms cut jobs as spending drops
South Korea’s food, cosmetics and retail companies, heavily reliant on domestic sales, are slimming down their workforce to survive a prolonge...
AI to replace high-paid, highly educated doctors, CPAs: BOK
Artificial intelligence poses the biggest threat to high-paid, highly educated professionals such as medical doctors, accountants and engineering te...
Kia to build 2nd purpose-built vehicle plant in Korea
Kia Corp., South Korea’s second-largest automaker, plans to build another purpose-built vehicle (PBV) factory in the country, despite the risk...
Five most common frustrations of Korean entrepreneurs
A South Korean company recently gave up on its plan to venture into the burgeoning robot market.Fair-trade regulations that prohibit the creation of...
CJ CheilJedang searches for global bio talent in Boston
South Korean food and bio giant CJ CheilJedang Corp. on Monday said its Chief Technology Officer Hwang Yun-il, CJ CheilJedang BIO executive Yoon Seo...
Hankook Tire cuts more jobs as it struggles to recover from fire
South Korea’s largest tire maker Hankook Tire & Technology Co. plans to cut more jobs through a voluntary retirement scheme as the company...
LG Uplus to hold job fair in Los Angeles
South Korea's LG Uplus Corp. on Thursday said it will hold the recruiting event LG Uplus US Fair at the hotel Ritz-Carlton, Marina del Rey near Los ...
India, LG’s land of promise with young, rich population
NOIDA, India -- LG Electronics Inc., the leading global home appliance maker, plans to build a new electronics plant in India to cement its dominant...
Hyundai, LG to spend combined $7.6 bn to build EV, battery plants in US
Hyundai Motor Group and LG Energy Solution Ltd. will spend a combined $7.59 billion to build electric vehicle and battery cell plants in Georgia, th...
