Seoul zeroes in on high tech for US business alliance

South Korean President Yoon Suk Yeol is off to a smooth start on his six-day state visit to the US this week, which is expected to pave the way for ...

S.Korea launches foreign worker quota exclusively for shipbuilding sector

South Korea will set a separate quota of 5,000 foreign workers to solve the labor shortage in domestic shipbuilding and accept 120,000 such workers ...

SocGen dumps Korean stocks, likely due to client margin calls

Société Générale S.A. (SocGen) on Monday dumped South Korean shares sending their prices to daily limit lows, which loca...

POSCO Future M to inject $461 mn to bulk up cathode production

POSCO Future M Co., a unit of South Korean steel giant POSCO Holdings Inc., said on Monday it has decided to invest 614.8 billion won ($460.5 millio...

HD Hyundai Infracore targets Middle East and African markets with new brand Develon

HD Hyundai Infracore (formerly Hyundai Doosan Infracore Co.), a South Korean construction equipment maker, has ventured into the Middle East and Afr...

Korean game sector looks to cute girls to lure new users

South Korea’s game makers rushed to launch games with cute girl characters to allure fans of Japanese animation as cartoons for the subculture...

LG Display to focus on automotive screens for turnaround

LG Display Co., the world’s top manufacturer of large-size organic light-emitting diode (OLED) panels, is set to focus on the automotive scree...

Budget Galaxy A34 5G to be released in domestic market

Samsung Electronics Co. announced on Thursday that it will release the budget smartphone Galaxy A34 5G in the domestic market starting tomorrow.The ...

LINE, Mizuho call off plan to set up mobile-only bank in Japan

LINE Corp. and Mizuho Financial Group’s plan to introduce an internet-only bank in Japan has fallen through about five years after they unveil...

CJ undertakes educational programs for ethnic minorities in Vietnam

South Korea's CJ Group announced on Wednesday that it will undertake a "Second Girls Education Project" for the Vietnamese ethnic minority.The proje...

TSMC-Nvidia alliance step up 2 nm chip rivalry with Samsung

TSMC Co. appears to be at the forefront of efforts to produce ultra-advanced semiconductor chips as the world's largest contract chip manufacturer i...

Korea's CJ Bioscience buys drug candidates from 4D pharma of the UK

South Korea’s pharmaceutical and healthcare company CJ Bioscience Inc. has acquired drug candidates from the UK's 4D pharma plc. to improve co...

Korea Western Power lands nation's first solar power order in Oman

Korea Western Power Co. (KOWEPO) has won its country's first project in solar power generation in Oman.The company on Tuesday announced its successf...

POSCO Future M to spend $300 million on NCA cathode plant in Pohang

South Korea's battery component maker POSCO Future M, formerly POSCO Chemical, on Tuesday said it will build its first plant solely for cathode mate...

ISS, Glass Lewis urge shareholders to veto activist fund's requests on JB

Proxy advisers Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. are urging shareholders of JB Financial Group Co., a South Ko...

Samsung, Arm partner Gaonchips eyes US as next offshore base

Gaonchips Co., a long-term Samsung Electronics Co’s chip design house partner that also works with British fabless chip company Arm Inc., will...

SentBe, back from brink of collapse to play in major league

SentBe, a South Korean fintech startup operating a personal international remittance app of the same name, is readying to play in the bigger global ...

Korea’s sole foreign clinic operator CHA Healthcare to go public in 2025

CHA Healthcare Co. operating nearly 90 hospitals and infertility treatment centers across the world, is set to pave the way for South Koreans' inves...

BOK chief defies rate cut calls amid sustained inflation

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...

S.Korea's KIC to strengthen responsible investments

Korea Investment Corporation (KIC) plans to actively voice its opinions on portfolio companies' management over the next two years to tighten its re...

S.Korea's elderly population to exceed 10 million in 2024

The number of people in South Korea aged 65 or over next year is expected to break 10 million, with the country to enter an era in which 20% of the ...

Activist fund Tcha Partners calls for Namyang Dairy to buy back shares

Seoul-based activist fund Tcha Partners Asset Management Co. on Monday demanded that South Korea’s Namyang Dairy Products Co. buy back half of...

US calls on 2 S.Korean pharmaceutical companies for swift end to legal battle

Following its lawsuit against Daewoong Pharmaceutical, South Korea's Medytox Inc. is waging an all-out legal war against domestic counterpart Hugel ...

KT CEO Ku Hyeon-mo drops reelection bid as controversy flares

KT Corp. Chief Executive Ku Hyeon-mo has abandoned his ambitious bid to lead South Korea’s largest telecommunications company for another thre...

Webtoon starring Netmarble's girl group MAVE coming soon

Netmarble Corp. announced that the webtoon "MAVE: Another World," based on the virtual girl group, will be available on KakaoPage and Kakao Webtoon ...

Hyundai Elevator's open API sees rapid expansion of participants

Hyundai Elevator Group announced on Tuesday that its open API (application programming interface), which was launched in March last year, has seen r...

LS Cable to inject $53.3 million to set up EV parts JV with HAI

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 ...

KT under pressure for transparency, fairness to pick new CEO, again

  South Korea’s leading telecommunications company KT Corp. will pick a new chief executive after it came under fire over its CEO select...

Chanel Korea to power its stores with renewable energy

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...

Korea refiners swing to Q4 loss amid windfall tax calls

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 ...