Inflation Reduction Act (IRA)

NEW YORK – POSCO Group, which owns South Korea’s largest steelmaker, has been striving to transform into a low-carbon conglomerate by sh...

South Korean shipbuilder Samsung Heavy Industries announced on Thursday that it has commenced the construction of an  ammonia test facility at ...

Chairman of POSCO Group Choi Jeong-woo met with Sajjan Jindal, Chairman of JSW Steel, India's largest steel conglomerate, to discuss collaboration...

A study has revealed that a decrease in the working-age population due to low birth rates and an aging population, coupled with an increase in the d...

South Korea's Kia Corp. is offering discounts of up to $7,500 in the US for leasing its electric compact crossover SUV line EV6 to boost its price c...

National Pension Service (NPS) in South Korea, the world’s third-largest pension fund, saw its returns on alternative investments last year un...

South Korea's electric vehicle (EV) battery maker SK On and the American graphite company Westwater Resources will jointly develop anode materials f...

South Korea’s SK E&S Co. will supply electricity generated from renewable energy to global chemical company BASF. SK E&S announced on...

South Korea's expected inflation has hit a record low of 3.7% in 11 months in April 2023. While the consumer price index rose by 4.2% last month, wh...

Hyundai Motor Co. on Tuesday reported its largest-ever quarterly profit, which soared a whopping 86.3% from a year earlier, while unveiling a plan t...

Inflation has hit almost every corner of the real economy in South Korea, and the country’s popular summer dessert bingsu is no exception, wit...

South Korea's mobile game market experienced a decline in 2022, with both downloads and spending decreasing, according to a report by data analytics...

South Korea’s top chemicals company LG Chem Ltd. and its Chinese partner Zhejiang Huayou Cobalt Co. will launch a 1.2 trillion won ($923 milli...

South Korea’s central bank was widely expected to leave its policy interest rate unchanged this week as inflation slows amid fears of a recess...

Former US Deputy Secretary of State Stephen Biegun will hold talks with Chairman Choi Jeong-woo of South Korea’s POSCO Group.They will discuss...

LG Energy Solution Ltd., the world’s second-largest battery maker, said on Friday its first-quarter operating profit likely more than doubled,...

South Korean battery maker LG Energy Solution Ltd. will secure a key battery material in Morocco to strengthen its battery supply chain. LG Energy ...

The latest guidelines on US subsidies for electric vehicles under the Inflation Reduction Act come as a relief in every sense to South Korean batter...

 WASHINGTON, D.C. – South Korean chipmakers on Tuesday expressed deep concerns about the detailed guidelines of the US CHIPS and Science ...

South Korea's Riiid, an artificial intelligence (AI)-based provider of educational solutions, on Monday said it has launched R.test, an AI diagnosti...

When the US Commerce Department announced the guardrail clauses on the CHIPS and Science Act earlier this week, South Korea’s government offic...

South Korea's Samsung Electro-Mechanics on Monday announced its release of a smartphone camera module with 200 megapixels and double the shake reduc...

South Korea confirmed that inflation eased while Asia’s fourth-largest economy continued to slow, adding to expectations that the government m...

South Korea’s answer to the US CHIPS and Science Act is on course for National Assembly approval by the end of this month as the ruling and op...

SEOUL—The U.S. Chips Act is dangling billions of dollars in subsidies in front of the world’s biggest semiconductor manufactur...

Since Japan resumed visa-free travel for South Koreans in October last year, South Koreans have been flocking to the neighboring country.But the num...

South Korean central bank chief on Tuesday defied calls for an interest rate cut this year despite growing risks of a recession in Asia’s four...

South Korea will introduce a voluntary carbon market (VCM) later this year, which is expected to broaden the scope of carbon credits and speed up ef...

South Korea’s main opposition party will propose higher tax credits and subsidies for domestic chipmakers and battery manufacturers as early a...

South Korea on Monday expressed concerns about the guidelines of the US Chips and Science Act, saying that some of the conditions the US government ...