Red Sea Crisis

Even before South Korea’s second-largest hypermarket chain Homeplus Co. was put under court receivership due to its worsening financial woes, ...

Samsung Electronics Co. Chairman Lee Jae-yong has warned the company's executives that the South Korean tech giant has lost its characteristic "rele...

South Korea’s central bank slashed its economic growth forecasts on Monday, adding to views that the monetary authority will cut interest rate...

Global credit rating agencies are warning of looming downward pressure on South Korea’s sovereign credit rating about a month after Asia&rsquo...

The Export-Import Bank of Korea (Eximbank) said on Wednesday it issued a total of $3 billion in global bonds, targeting worldwide investors.The matu...

South Korea's SK Nexilis Co., the world’s largest copper foil maker, said on Monday it received a $133 million subsidy from the Polish gover...

South Korean President Yoon Suk Yeol survived an impeachment vote against him after an overwhelming majority of governing party lawmakers boycotted ...

South Korea’s credit rating remained unscathed by the political turmoil caused by the short-lived martial law declaration of President Yoon Su...

South Korea’s central bank lowered interest rates for a second straight meeting on Thursday in a surprise move and left the door open for anot...

Lotte Group on Thursday denied liquidity crisis rumors sparked by Lotte Chemical Corp.'s struggle to meet a bond redemption request after the South ...

South Korea's Doosan Bobcat said on Friday that its construction equipment RogueX2 won the prize in the Design Concept category at the Red Dot Desig...

South Korea's LX Pantos said on Thursday that it plans to strengthen its logistics business in Central Asia, focusing on Kazakhstan.Lee Yong-ho, CEO...

South Korea’s finance minister and central bank chief on Monday agreed to address the world’s lowest fertility rate, a most urgent task ...

LG Electronics Inc. announced on Tuesday that it has unveiled a sea lion-themed video for its “The LG Endangered Species Series” campaig...

The Asan Nanum Foundation, a nonprofit foundation set up in 2011 to commemorate the 10th anniversary of Hyundai founder Chung Ju-yung’s death,...

South Korea's Shinhan Card said on Monday it was ranked as the leading company in the domestic financial sector in an environment, population, and g...

South Korea's auto parts maker Hyundai Mobis announced on Sunday that its Active Aero Lighting System (AALS) has received awards at the world's thre...

Some 100 certified caregivers from the Philippines will come to South Korea in August to work as domestic helpers in a country struggling with the...

Samsung Electronics Co. has set up the industry’s first Compute Express Link (CXL) infrastructure, certified by Red Hat Inc., the world’...

Korea Ginseng Corp. (KGC), wholly owned by South Korean tobacco giant KT&G Corp., announced on June 13 that it sells its red ginseng brand Jung ...

Korea Electric Power Corp. (KEPCO), the South Korean state-run utility company, and Vietnam Electricity (EVN) have agreed to collaborate on new busi...

South Korea's HD Hyundai XiteSolution announced on Thursday that its futuristic unmanned construction equipment Future-X won the Best of the Best Aw...

South Korea, which heavily relies on imports for its energy use, has found a potentially massive reserve of oil and gas offshore close to its southe...

Samsung Electronics Co.'s new semiconductor chief Jun Young-hyun knows better than anyone about the difficulties the South Korean tech giant fa...

Samsung Electronics Co., the world’s top memory chipmaker, on Tuesday replaced its semiconductor business chief as the South Korean company st...

South Korea's financing and finance leasing firm M Capital Co. is facing a growing risk of liquidity crunch as its attempts to refinance maturing de...

HMM Co., South Korea’s leading sea carrier, announced on Friday its adoption of an advanced AI image analysis solution 'Deep Eyes', aimed at b...

Executives at all Samsung Group units will work six days a week from as early as this week in a shift to emergency mode. The move comes as the won's...

South Korea’s top financial regulator advised about 10 local savings banks in trouble to increase their capital by the end of this month to pr...

South Korea’s top automaker Hyundai Motor Group said on Monday it has agreed with Saudi Arabia’s state-sponsored developer Red Sea Globa...