Business & Politics
Business & Politics
South Korea to build 3 nuclear plants, 1 SMR under new energy policy
May 31, 2024 (Gmt+09:00)
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Business & Politics
S.Korea, UAE sign economic partnership, reaffirm $30 bn investment
South Korea and the United Arab Emirates on Wednesday signed a comprehensive economic partnership agreement (CEPA) to facilitate bilateral trade afte...
May 29, 2024 (Gmt+09:00)
3 Min read -
Business & Politics
South Korea pledges $19 billion support package to revitalize chip sector
South Korea, home to the world’s two largest memory chipmakers Samsung Electronics Co. and SK Hynix Inc., has unveiled a record 26 trillion won...
May 23, 2024 (Gmt+09:00)
3 Min read -
Business & Politics
LY vows to keep Line Plus as Naver-SoftBank breakup drags on
Japan’s LY Corp., the operator of the country’s top mobile messenger app Line, said on Wednesday it will keep its South Korean affiliate ...
May 22, 2024 (Gmt+09:00)
3 Min read -
Business & Politics
Naver beleaguered by weak Korean businesses amid Line woes
South Korea’s online giant Naver Corp. is struggling with sluggish core domestic businesses – commerce, search and sports – as Japa...
May 21, 2024 (Gmt+09:00)
3 Min read -
Business & Politics
KCCI to support Korean companies expanding into US
The Korea Chamber of Commerce and Industry (KCCI) partnered with the Korean American Chamber of Commerce of Los Angeles (KACCLA) to address the chal...
May 16, 2024 (Gmt+09:00)
1 Min read -
Business & Politics
Naver to submit remedies to Japan without A Holdings stake sale
LY Corp., the operator of Japan’s popular messenger app Line, is expected not to propose Naver Corp.’s stake sale in its largest stakehol...
May 15, 2024 (Gmt+09:00)
5 Min read -
Business & Politics
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 rep...
May 13, 2024 (Gmt+09:00)
4 Min read -
Business & Politics
South Korea Plans $7 Billion Push to Pivot EV Battery Industry Away From China
South Korea is dedicating around $7 billion to help wean its electric-vehicle battery supply chain away from China and align more with U.S. trade gui...
May 10, 2024 (Gmt+09:00)
1 Min read -
Business & Politics
SoftBank to buy part of Naver's Line stake by July: CEO Miyakawa
TOKYO – SoftBank Corp., which runs LY Corp., the operator of the popular mobile messenger app Line in Japan, said on Thursday it is in talks wi...
May 09, 2024 (Gmt+09:00)
4 Min read -
Business & Politics
Biden exempts graphite from EV mineral sourcing rule in win for Korea
WASHINGTON, D.C. – The US government has given automakers additional flexibility on battery mineral requirements, allowing electric vehicles wi...
May 05, 2024 (Gmt+09:00)
3 Min read -
Business & Politics
Japan’s request for Naver to shed Line control ‘unprecedented': CEO
TOKYO – South Korea’s tech giant Naver Corp. said on Friday that Japan’s administrative guidance for Naver to sell down its control...
May 03, 2024 (Gmt+09:00)
2 Min read -
Business & Politics
Older Voters Are Taking Over in the World’s Wealthy Democracies
SEOUL—On the surface, South Korea’s legislative election this week looks much like past votes. Candidates are holding rallies and parties...
Apr 15, 2024 (Gmt+09:00)
6 Min read -
Business & Politics
Dubai Chamber of Commerce to open Seoul office
The Dubai Chamber of Commerce in the United Arab Emirates (UAE) will open an office in Seoul, South Korea by May this year, according to industry sou...
Mar 19, 2024 (Gmt+09:00)
1 Min read -
Business & Politics
China exodus to elevate Korea to Asia hub: AmCham chief
South Korea has outstripped Hong Kong and Shanghai as a preferred Asia-Pacific headquarters destination for global companies, trailing only Singapore...
Mar 19, 2024 (Gmt+09:00)
3 Min read -
Business & Politics
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 forme...
Mar 11, 2024 (Gmt+09:00)
2 Min read -
Business & Politics
South Korea establishes diplomatic ties with Cuba
South Korea has established diplomatic relations with Cuba, a close ally of North Korea, Seoul said on Wednesday. Cuba had long been the only country...
Feb 15, 2024 (Gmt+09:00)
1 Min read -
Business & Politics
Govenment calls end to Korean financial group heads' long-serving posts
South Korean financial group chiefs will no longer enjoy automatic term extensions as the government is stepping up pressure on the groups to improve...
Jan 29, 2024 (Gmt+09:00)
3 Min read -
Business & Politics
Korean mining company to file around $747 mn claim against Panama
A state-run company in South Korea is set to seek an investor-state dispute settlement (ISDS) worth around 1 trillion won ($747.1 million) against th...
Jan 25, 2024 (Gmt+09:00)
1 Min read -
Business & Politics
Former Hyundai Mobis CEO embarks on ISO president term
In a significant achievement for South Korea, Cho Sung-hwan, an advisor to Hyundai Mobis, has been elected as the first Korean president of the Inter...
Jan 15, 2024 (Gmt+09:00)
1 Min read -
Business & Politics
South Korea Boosts Security for Politicians as New Threats of Violence Emerge
SEOUL—South Korea beefed up security for prominent political figures as new threats of violence materialized against top officials, including t...
Jan 05, 2024 (Gmt+09:00)
2 Min read -
Business & Politics
South Korea set to abolish financial investment gains tax: Yoon
South Korea plans to abolish capital gains taxes on financial investments to revitalize the lackluster domestic financial market and help individual ...
Jan 02, 2024 (Gmt+09:00)
3 Min read -
Business & Politics
South Korea eyes new Arab boom via free trade deal with GCC nations
South Korea has struck a free trade agreement with the Gulf Cooperation Council (GCC), a group of six Arab nations, paving the way for Seoul to stren...
Dec 28, 2023 (Gmt+09:00)
2 Min read -
Business & Politics
SK’s Chey proposes South Korea-Japan economic bloc akin to EU
WASHINGTON, D.C. – South Korea and its closest neighbor Japan need to form an economic coalition, similar to the European Union (EU), to meet t...
Dec 06, 2023 (Gmt+09:00)
2 Min read -
Business & Politics
Korea, Chile launch 8th round of FTA upgrade negotiations
The eighth round of negotiations for modernizing the Korea-Chile Free Trade Agreement (FTA) will take place in Seoul from November 29 to December 1. ...
Nov 29, 2023 (Gmt+09:00)
1 Min read -
Business & Politics
S.Korean gov't to support export of postnatal care centers
The South Korean government will support the overseas expansion of domestic postnatal care centers. South Korea's Ministry of Economy and Finance an...
Nov 27, 2023 (Gmt+09:00)
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Business & Politics
S.Korea to pour $26 bn in UK’s renewables, infrastructure
South Korea’s sovereign wealth fund, banks and other private sector companies plan to pour £21 billion ($26.3 billion) in renewables, inf...
Nov 23, 2023 (Gmt+09:00)
2 Min read -
Business & Politics
BP, Corio to invest $1.1 billion in S. Korea as Seoul-London ties deepen
LONDON – British offshore wind power developer Corio Generation and energy giant BP Plc have agreed to invest a combined 1.5 trillion won ($1.1...
Nov 23, 2023 (Gmt+09:00)
4 Min read -
Business & Politics
S.Korea-UK upgrade bilateral ties, sign deals on nuclear plants, chips
LONDON – South Korea and the UK have agreed to upgrade their bilateral relationship and closely cooperate in the defense, security and business...
Nov 22, 2023 (Gmt+09:00)
4 Min read -
Business & Politics
Korea Inc.’s dividend repatriation soars on new tax breaks
Major companies in South Korea, such as affiliates of Samsung, LG and Hyundai Motor Group, are bringing larger amounts of capital back home from abro...
Nov 19, 2023 (Gmt+09:00)
3 Min read
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