capital flight

Hanwha Systems Co., a South Korean defense and IT service company, said on Sunday that it had installed and tested its own radar system on a prototy...

A South Korean court on Friday ruled in favor of SM Entertainment Co. Founder and former Chief Producer Lee Soo-man to block the company from sellin...

Korea Aerospace Industries Ltd. (KAI) is partnering with Epic Games Korea to develop a virtual reality (VR) flight training system.The South Korean ...

South Korean budget carrier EastarJet will resume flights on the domestic Gimpo-Jeju route on Mar. 26 after a three-year hiatus due to the COVID-19 ...

South Korea is expanding its number of flight connections with Mongolia.The Ministry of Land, Infrastructure and Transport on Sunday said it agreed ...

Hyundai Capital, the financial services arm of the Hyundai Motor Group, was honored with the Innovative Applications of Artificial Intelligence Awar...

The local government of South Korea’s capital city Seoul this year will launch its own vision fund, dubbed the Seoul Vision 2030 Fund, to inve...

South Korea's low-cost carrier Jeju Air Co. said on Monday that it would run daily flights from Korea to Hanoi and Ho Chi Minh City in Vietnam and V...

South Korean institutional investors, such as pension funds, mutual aids and corporates, are rushing to money market funds (MMFs) for short-term pro...

South Korea's flagship carrier Korean Air Lines Co. is the first airline in the country to adopt self-service bag drop on domestic flights.The compa...

Jeju Air Co., a South Korean budget airline, said on Thursday that it would resume its flights connecting Incheon with two small cities in Japan, Ma...

Jeju Air Co. and Indonesia's largest airline corporation will work together to develop flight routes and discover new tourism business opportunities...

South Korea's venture capital investment last year fell more than 10% from a year ago due to the economic downturn caused by a series of global rate...

Starting Feb. 1, South Korea's budget carrier Air Busan Co. will add a daily flight to its route linking the nation's biggest port city of Busan to ...

Lotte Duty Free, an affiliate of the Lotte Group, won a bid for an Australian airport duty-free shop business, accelerating its move to bolster over...

The volume of stock issuance in South Korea declined sharply last year due to the softening stock market. Amid rising interest rates, the amount of ...

Korean Air Lines Co. will resume operations on four European routes, including Prague, the Czech Republic, sequentially from March for the first tim...

A Singapore-based activist fund has stepped up pressure on the world’s fifth-largest tobacco maker KT&G Corp. to reform governance and boo...

The first prototype of the South Korean fighter jet KF-21 Boramae on Tuesday made its first supersonic flight six months since its inaugural trip to...

South Korean grocery delivery platform Oasis Corp. aims to raise up to $166 million through a listing next month, becoming the country’s first...

Capital-impaired companies can now receive government R&D support as long as they prove their research capabilities.The Ministry of SMEs and Sta...

Slush, one of the world’s largest startup events, is set to hold a spin-off meeting in South Korea this year.Slush is a startup and tech event...

Fly Gangwon, a low-cost carrier based at Yangyang International Airport in Gangwon Province, South Korea, is in serious financial trouble. As its fi...

Air Busan Co. began operating its first new flight route this year between Busan and Clark, the Philippines, and started a new leap forward in earne...

Toughened COVID-19 testing requirements on Chinese travelers will likely dent hopes for South Korea's low-cost airlines to recover from three years ...

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

Millennium Hilton Seoul, founded in 1983, will close down for business on Dec. 31 due to redevelopment plans for the property.The five-star hotel ...

Air flights between South Korea and China are set to rise significantly next year with the Chinese government issuing new guidelines easing its stri...

Saving income to buy a house in South Korea has become more difficult and taking longer, according to a report by the Ministry of Land, Infrastruc...

T’way Air Co. said on Tuesday that it would start running the Pokemon-wrapped airplane "Pikachu Jet TW" from the end of this month and release...