Samsung halts ultra-slim Galaxy Edge2 development as iPhone Air stumbles

Samsung Electronics Co. has halted development of its next ultra-slim smartphone, the Galaxy Edge2, after the disappointing debut of rival Apple Inc...

Lotte Chemical, HD Hyundai agree to inject $545 mn into Daesan JV to facilitate restructuring

Lotte Chemical Corp., the country’s largest petrochemical maker, and HD Hyundai Co. are set to inject a combined 800 billion won ($545 million...

Samsung debuts its 1st tri-fold phone, redefining multitasking and portability

Samsung Electronics Co. on Tuesday launched its first tri-fold phone, the Galaxy Z TriFold, which outsmarts its latest dual-fold Galaxy Z Fold7 and ...

Korea’s ruling party pushes mandatory tender offers; critics warn moves may chill M&A market

South Korea’s ruling Democratic Party (DP) is pushing ahead with plans to introduce a mandatory tender offer regime, setting up a fresh clash ...

Korea’s energy minister whips laggards to follow suit as Lotte, HD Hyundai shrink naphtha capacity

South Korea’s long-delayed overhaul of its petrochemical industry is gaining momentum after Lotte Chemical Corp., the country’s largest ...

Policymakers explore ways to trigger NPS’ FX hedging as won slides to fresh 7-month low

South Korea has convened a four-party consultation body involving the National Pension Service (NPS), the nation’s largest institutional inves...

Washington endorses Seoul's nuclear submarine ambitions, slashes auto trafiffs

South Korean President Lee Jae Myung said on Friday that the US has agreed to support Seoul’s long-held pursuit of nuclear-powered submarines ...

Samsung launches 1st M&A-only team, signaling return to big deals

Samsung Electronics Co. has launched its first team dedicated solely to mergers and acquisitions, a sign the South Korean tech giant is gearing up...

Samsung weighs 2026 Galaxy price hike on global memory shortage

Samsung Electronics Co. is considering raising prices on its upcoming Galaxy S26 smartphones as a deepening global memory chip shortage drives up co...

Shinhan becomes 1st foreign bank to issue transition bonds in Japan, raising $260 mn

Shinhan Bank has become the first foreign issuer of transition bonds in Japan’s Samurai bond market, raising 40 billion yen ($260 million) to ...

Samsung Electronics reinforces control tower with 1st leadership change in 8 years

Samsung Electronics Co. has replaced the chief of its internal control tower for the first time in eight years, upgrading its Business Support Task ...

Samsung steals the show at APEC venue with its 1st triple-folding smartphone

GYEONGJU – On the eve of the Asia-Pacific Economic Cooperation (APEC) CEO Summit in South Korea’s historic city of Gyeongju, attention t...

BOK holds rates steady; governor says rate cuts lift asset prices more than growth

The Bank of Korea (BOK) on Thursday left its benchmark interest rate unchanged at 2.50% for a third straight meeting, in step with the government's ...

Samsung’s Galaxy XR blends AI, immersion at half the price of Apple’s Vision Pro

Samsung Electronics Co. wants to make artificial intelligence wearable.Its new Galaxy XR headset, unveiled on Wednesday, is its boldest attempt yet ...

Samsung’s new Exynos AP chip to power half of Galaxy S26 series

Samsung Electronics Co. will equip about half of its upcoming Galaxy S26 flagship smartphones with its latest Exynos 2600 application processor (AP)...

MBK-owned Homeplus turns to open auction after stalking-horse deal falters

Homeplus Co., a South Korean hypermarket chain operator undergoing court-led rehabilitation, has been placed on open auction after failing to attrac...

BlackRock CEO in talks with Lee pledges support to make S.Korea ‘AI capital of Asia’

NEW YORK –  South Korean President Lee Jae Myung has secured a commitment from BlackRock Inc., the world’s largest asset manager, t...

VCs step up K-pop startup bets in hunt for next Demon Hunters

Once reluctant to touch entertainment, investors are now flooding K-pop startups with cash in hopes of capturing the next global breakout following ...

Samsung clears Nvidia hurdle for 12-layer HBM3E supply, setting stage for HBM4 battle

Samsung Electronics Co. has won long-awaited validation from Nvidia Corp. for its latest high-bandwidth memory, clearing a critical hurdle in the ra...

Seoul considers Korean version of IRA tax credit to offset US tariff impact

South Korea is considering introducing production tax credits for domestic companies hit by US tariffs, in a move analysts describe as a de facto su...

Detained Koreans return home; Raid likely to delay US battery plant by 3 months

More than 300 South Koreans who were detained in a massive immigration raid on a battery joint venture between Hyundai Motor Co. and LG Energy Solut...

South Korea eyes record 8.1% budget hike with big AI push

South Korea’s government on Friday unveiled its largest-ever budget increase, pledging to ramp up spending on technology and social programs t...

Lee, Trump end first summit on cordial note, but questions remain

South Korea’s proposal to help revive the US shipbuilding industry proved pivotal in setting a positive tone for President Lee Jae Myung&rsquo...

Korean tycoons head to US to support summit; Samsung likely to unveil fresh investment

The heads of South Korea’s largest conglomerates are heading to the US to support a Seoul-Washington summit, with investors watching closely f...

Samsung’s US profit triples in H1 thanks to Galaxy phones

Samsung Electronics Co.'s US unit nearly tripled its profit in the first half of the year, defying concerns about steep US tariffs on foreign electr...

S.Korea’s petrochemical firms to cut capacity on state call for rigorous restructuring

South Korea’s 10 largest petrochemical companies have agreed to restructure their operations, including up to 25% cuts to their naphtha-cracki...

Harim-owned Pan Ocean buys stake in LS, fueling talk of alliance with Hoban amid corporate feud

South Korean bulk carrier operator Pan Ocean Co., a unit of the country’s leading poultry processor Harim Co., has acquired a minority stake i...

Maru SF to open in Silicon Valley in November as Korean startup gateway

Maru SF, a startup campus and networking hub operated by the Asan Nanum Foundation, will open in Silicon Valley this November, marking the organizat...

Samsung’s latest Galaxy Z foldables: Slimmest, lightest yet smarter with AI features

NEW YORK – Samsung Electronics Co. has unveiled its slimmest and most powerful foldable smartphones yet, loading them with artificial intellig...

Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A

Celltrion Holdings Co. has secured 1 trillion won ($732 million) in fresh funding and plans to spend half of it this year to buy shares in its biosi...