2025 outlook

South Korea’s major companies in shipbuilding, defense and construction industries expect strong earnings this year, despite growing concerns ...

Hanwha Solutions Corp. projects its operating profit for this year would exceed 1 trillion won ($778 million) on an anticipated solar energy boom in...

South Korea’s trade deficit in just the first 40 days of this year inched close to 40% of its worst-ever annual deficit last year amid a conti...

LS Cable & System Ltd. will spend 67.5 billion won ($53.3 million) to set up a joint venture with Austria’s Hammerer Aluminium Industries ...

Chanel Korea has taken a step toward reducing its carbon footprint by signing a memorandum of understanding (MOU) with Korea East-West Power. The ag...

South Korea's national flag carrier Korean Air Lines Co. on Tuesday announced the start of its development of the Korean Positioning System (KPS), a...

GM Korea Co. expects to turn to profit this year after years of losses as the South Korean subsidiary of the US auto giant plans to bring six new an...

Cosmax Inc., South Korea's cosmetics original design manufacturing (ODM) company, said on Thursday that it would start targeting the Japanese market...

LG Energy Solution Ltd. and Honda Motor Co. have launched their first US joint venture to build an electric vehicle battery plant in Ohio, LG said o...

South Korea’s central bank on Friday raised interest rates by a quarter point to 3.5%, while signaling a further cut in its economic growth fo...

Samsung Electronics Co., the world’s largest memory chip and smartphone maker, posted its worst quarterly operating profit in eight years on F...

South Korea's Kolon Mobility Group has been launched with Lee Kyu-ho, the great grandson of the Kolon Group founder Lee Won-man, as co-CEO. Formerly...

South Korea suffered a record trade deficit last year as the ongoing war in Ukraine ramped up energy import bills, while the outlook remained dark w...

South Korea's leading drug company Daewoong Pharmaceutical is accelerating its global expansion efforts for its 34th domestically developed drug Fex...

South Korea's SK Innovation Co. is forming a joint venture with SungEel HiTech Co., a company that recycles discarded batteries, to extract metals f...

The Organisation for Economic Development and Co-operation (OECD) has cut its forecast for South Korea's economic growth next year to 1.8%, down fro...

Motional, the US-based self-driving joint venture of South Korea's Hyundai Motor Group, said it expects Motional's profit structure to improve by 20...

South Korea's SK Geo Centric, the green chemical subsidiary of SK Innovation, will build Asia's largest advanced recycling (pyrolysis) plant in the ...

Korea Electric Power Corp. (KEPCO), the state-run utility, is set to suffer a record operating loss this year with a shortfall mounting to the secon...

SK E&S, the energy affiliate of SK Group, from next year will start domestic output and distribution of up to 30,000 tons of liquid hydrogen ann...

South Korea’s job growth in October fell for a fifth consecutive month to the lowest in eleven months, boosting concerns over a slowdown in As...

The South Korean government and the country’s top automaker Hyundai Motor Co. have requested the US government give Korean carmakers a three-y...

South Korea’s exports fell for the first time in two years in October, posting a trade deficit for seven months in a row – the clearest ...

Lotte Shopping Co. will join forces with the Hertfordshire, England-based Ocado Group, which licenses grocery fulfillment technology to retailers.&n...

Samsung Electronics Co. suffered a drop in smartphone shipments during the third quarter on weak demand, adding to concerns over the sector’s ...

South Korea is poised to post a trade deficit for the seventh straight month in October, which would mark the longest period of shortfalls in 25 yea...

US Department of Energy officials are in South Korea to discuss details of its electric vehicle and battery tax credit law with Korean government of...

South Korea’s Hansol Group and the Korea Advanced Institute of Science and Technology (KAIST) have agreed to establish a research center to de...

South Korea’s top auto parts maker Hyundai Mobis Co. will spend $1.3 billion until 2030 to build auto parts and module plants for electric veh...

South Korea’s telecom giant KT Corp. is rebranding its IPTV service Olleh TV as Genie TV as part of its efforts to transform into a media port...