Inflation Reduction Act tax credits

Apple and Hyundai Card on Wednesday officially announced the launch of the simple payment service Apple Pay in South Korea.The American tech giant s...

South Korean refiners such as SK Innovation Co. and S-Oil Corp. are estimated to incur a combined loss of over 1 trillion won ($800 million) in the ...

SK Innovation Co., the refinery and chemicals unit of South Korea’s second-largest conglomerate SK, is poised to strengthen its eco-friendly b...

The sport-utility vehicle (SUV) Hyundai Genesis GV70 electric vehicle in the first half of the year is expected to be eligible for subsidies in the ...

South Korea is revising its electric vehicle subsidy plan in a way that favors local cars such as the Hyundai IONIQ 6 over imported vehicles, includ...

South Korea's construction and engineering company SK Ecoplant Co. said on Thursday that it has passed the greenhouse gas reduction target verificat...

South Korea’s headline inflation accelerated 5.2% year on year in January, reversing its course of slowing in the past two months due to gains...

The annual card approval amount in South Korea exceeded 1,000 trillion won ($811.4 billion) for the first time ever. This is largely because of "ret...

Hanwha Solutions Corp. said on Monday that its business unit Hanwha Solutions Insight Division has signed a memorandum of understanding (MOU) with S...

Employees at South Korea’s oil refiners are expected to receive hefty bonuses after their companies posted record earnings last year amid hi...

The Bank of Korea Governor Rhee Chang-yong on Wednesday said, "We will focus on inflation this year but also closely consider tradeoffs to preserve ...

South Korea's Hyosung Chemical has failed to receive a single purchase order in its demand forecast for corporate bond issuance.Investment banking s...

South Korea’s Woori Financial Group is set to acquire Daol Investment Co., a venture capital arm of the liquidity-strapped Daol Financial Grou...

KB Kookmin Card, a credit card unit of KB Financial Group, and its Cambodian local subsidiary KB Daehan Specialized Bank, acquired the Southeast Asi...

The Korea Chamber of Commerce and Industry(KCCI) said Thursday that it has established the Carbon Reduction Certification Center, a professional org...

South Korea’s Daol Financial Group agreed to sell another unit as part of its efforts to raise money in preparations for a possible liquidity ...

The South Korean government plans to raise tax breaks for facility investments by big companies, including chipmakers, to as much as 25% following P...

South Korea's two major importers of liquefied petroleum gas (LPG), E1 Corp. and SK Gas Corp., have both cut their supply price of LPG in the first ...

The Ministry of SMEs and Startups said on Monday that an amendment to the Venture Capital Investment Promotion Act, which will strengthen the disclo...

South Korean electric vehicles for lease are forecast to receive US tax credits under the Inflation Reduction Act (IRA) as new guidelines of the law...

The South Korean government plans to revise a recently passed bill aimed at supporting the country’s semiconductor sector and other key indust...

Amazon controls around 70% of South Korea's cloud market, followed by Microsoft in second and Google and Naver Corp. fighting for third place.The Ko...

South Korean politician Yang Hyang-ja, a Samsung Electronics Co. executive-turned-lawmaker, criticized her fellow lawmakers' decision to raise the p...

South Korea’s Mirae Asset Securities Co. expected local shares with strong earnings including growth stocks to rally in the second half of nex...

South Korea's Korea Financial Investment Association and 31 domestic securities companies on Sunday released a joint statement urging a delay in the...

Korea Investment Corporation (KIC) has made its first direct investment in an asset management firm, the South Korean sovereign wealth fund said on ...

South Korea's Jobis & Villains Corp., which operates the tax return service "3o3," announced on Thursday that it has been officially registered ...

South Korea’s headline inflation hit a seven-month low in November as rises in agricultural and petroleum product prices slowed, adding to exp...

Equity and bond portfolios' shrinking assets are major challenges currently faced by global investors in terms of asset allocation. But the situatio...

SK On Co., a South Korean electric vehicle (EV) battery maker, has joined forces with two energy materials companies to build a nickel intermediate ...