Department of State

Major department stores in South Korea such as Shinsegae Department Store and Hyundai Department Store Co. have seen their earnings improve signific...

South Korea's retail giant Shinsegae Group will invest 1 trillion won ($866 million) in local department stores this year to reinforce the busines...

South Korean media company CJ ENM Co. is using Samsung Electronics Co.’s new commercial displays for a virtual production studio to spearhead ...

Kakao Pay Corp., the digital settlement platform unit of South Korea’s top messaging app operator Kakao Corp., is delaying its planned initial...

South Korea’s major banks are rushing to Singapore as the city-state is emerging as a new financial hub in Southeast Asia, replacing the tradi...

South Korea’s leading oil and gas company GS Energy Corp., a wholly-owned subsidiary of GS Holdings, and Spain’s largest utility company...

In South Korea today, running has become an increasing part of everyday life, particularly at a place where you would least expect to see a large gr...

The Korea Deposit Insurance Corp. (KDIC) has reduced its stake in Woori Financial Group to 15.25% by selling 149.2 billion won ($134 million) worth ...

Samsung Electronics Co. and SK Hynix Inc. are unveiling a series of new solid-state drives (SSDs) to grab a greater share of the intensifying global...

The Bank of Korea will buy state bonds worth 5 trillion won ($4.2 billion) directly from the market by the end of this year to stabilize the local deb...

The Korea Deposit Insurance Corp. (KDIC) has resumed the ongoing sale process of its 17.25% stake in Woori Financial Group in four years. It will offe...

The National Pension Service needs to be split to enhance the efficiency of the South Korean state pension fund’s operations and reduce its heav...

Mirae Asset Global Investments Co. Ltd. has raised the planned 300 billion won ($270 million) in a public property fund in 10 days after it was launch...

South Korea’s Mirae Asset Global Investments Co. Ltd. has purchased State Farm Insurance’s four-building office complex in Texas for 900 billion won (...

SK Innovation Co. is set to supply batteries for the IONIQ 7, Hyundai Motor Co.’s large electric sport utility vehicle (SUV) to be unveiled in...