GM Korea’s vehicle sales collapse to record low as Chinese EV maker BYD pulls ahead

The South Korean affiliate of US auto giant General Motors Co. saw its vehicle sales in November fall below 1,000 units – the lowest figure si...

Is fever for Samyang’s Hot Chicken Flavor Ramen subsiding?

The globally renowned Hot Chicken Flavor Ramen is losing steam due to weaker demand following price hikes in the US and limitations in its core cons...

Coupang faces tough penalties, lawsuits over data breach; shares fall on NYSE

South Korean President Lee Jae Myung on Tuesday called for tough penalties for corporate negligence in data breaches, saying a massive leak at Coupa...

Sino-Japanese tensions: Boon for Korean retailers; Musinsa, Daiso, CU welcome Chinese tourists

When 28-year-old Mao Xin arrived in Seoul late last month, Japan – once her preferred holiday destination – was no longer on the itinera...

Hyundai-Kia’s US market share climbs to record 10.9% in October

Hyundai Motor Co. and Kia Corp., under South Korea’s auto behemoth Hyundai Motor Group, are rapidly rewriting their place in the US auto marke...

Korea’s medical tourism: booming yet overly concentrated in Seoul, aesthetics

South Korea’s medical tourism industry is enjoying its strongest influx on record, propelled by surging demand from foreign patients drawn to ...

Chinese high rollers lift Korean casino operators' profits in Q3

South Korea’s casino operators reported solid third-quarter earnings, supported by a sharp increase in Chinese tourists and a recovery in the ...

S.Korea’s NPS faces $4.5 bn loss on alternative investments in H1

The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, is poised to ...

K-beauty conquers Tokyo as Japan’s MZ generation falls under its spell

TOKYO – Eri Takagi was one of the thousands who packed the Ariake Gymnastics Stadium in Tokyo last Saturday for Mega Cosme Land 2025, a K-beau...

S.Korea poised to fall behind Taiwan in GDP per capita in 2025 for 1st time in 22 yearss

South Korea is poised to fall behind Taiwan in terms of gross domestic product (GDP) per capita in 2025, marking the first reversal since 2003, as t...

Kep1er postpones China fan concert, dashing hopes of easing Korean Wave ban

K-pop girl group Kep1er has postponed its upcoming fan concert in China, reigniting doubts over the easing of Beijing’s long-standing restrict...

Seoul likely to miss US tariff deal deadline as Washington abruptly cancels 2+2 trade talks

The United States has abruptly postponed high-level trade talks with South Korea, raising concerns in Seoul that it is slipping down Washington&rsqu...

South Korea’s EV exports rebound in June after 16-month decline

South Korea’s exports of electric vehicles bounced back last month, snapping a 16-month decline streak as robust demand from Europe helped off...

Yonsei University: Unlikely yet adroit dealmaker in S.Korea’s M&A market

For decades, or probably for centuries, Yonsei University has been seen as an ivory tower – a place for academics – in South Korea.One o...

GIC resumes Seoul Finance Center sale in major Korean property deal

Singapore’s sovereign wealth fund GIC is resuming the sale of Seoul Finance Center, a landmark office tower in Seoul's central business distri...

Coupang bids for Korean luxury market dominance with Farfetch

Coupang Inc., South Korea’s largest e-commerce player, is set to seize control of the country’s online luxury market with Farfetch amid ...

Hermès, Louis Vuitton, Chanel: Winners in S.Korea’s luxury market

South Korea’s luxury goods market is becoming increasingly polarized, with ultra-high-end brands such as Hermès, Louis Vuitton and Chan...

Korea’s WGBI inclusion moved to next April; Seoul works on policy steps

South Korea’s much-anticipated inclusion of its bonds in the FTSE World Government Bond Index (WGBI) has been postponed to April 2026 from Nov...

Koreans’ craving for luxury goods fades

Until recently, it was not unusual to see people waiting in a long line in front of foreign haute couture brands’ stores early in the morning ...

Red flags raised even before Homeplus crisis: Sales fall, credit ratings cut

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

S.Korea logs current account surplus in Jan; Growth slows

South Korea reported a current account surplus for 21 straight months in January but with a moderated gain largely due to a contraction in the goods...

S.Korea’s factory output dips in January; Retail sales, investment slow

South Korea’s factory production decreased in the first month of this year due to a manufacturing slowdown, while private consumption and busi...

S.Korea’s default risk dips below pre-martial law levels

South Korea’s financial market has stabilized with a sharp fall in the country’s default risk and some recovery of its currency value ag...

SK Hynix’s HBM exports plummet, now susceptible to seasonal demand

Exports of SK Hynix Inc.'s multi-chip packages (MCP), including high-bandwidth memory (HBM) AI chips, are rapidly dropping as the South Korean chipm...

Hanwha, LG join hands to take on Tesla with solar energy package

LG and Hanwha groups will join forces to develop and sell solar energy devices as a package to challenge Tesla Inc., the leader in the solar energy ...

Kia starts to produce Syros SUV in India

Kia Corp. started mass production of the Syros, a versatile sports utility vehicle (SUV) specifically designed to meet the needs of customers in I...

S.Korea’s job growth slows for 2nd straight year in 2024  

South Korea’s job growth slowed last year amid a prolonged slump in the country’s construction, manufacturing and retail sectors, boding...

Hyundai, Kia sell 7.23 mn units together in 2024, eye more sales in 2025

Hyundai Motor Co. and its sibling Kia Corp. have set a target to sell a combined 7.39 million units around the globe this year with greater focus on...

Korea sharply cuts 2025 growth forecast, opens door for extra budget

South Korea sharply lowered its economic growth forecast for this year amid the prolonged political turmoil following President Yoon Suk Yeol’...

POSCO carries out drastic top management reshuffle

POSCO Group on Monday replaced chief executives of key seven units in a drastic overhaul of the South Korean steel-to-battery materials group to shi...