Global matcha boom pushes Korean green tea exports to record high
A global boom in matcha drinks is delivering an unexpected lift to South Korea’s green tea exports, which have climbed to their highest level ...
Samsung, SK Hynix to beat TSMC in gross profit margin for memory business
Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chipmakers, are expected to surpass global foundry leader Taiwan Sem...
Korea’s Hanwha wins 1st US defense deal with Boeing for F-15 parts
Hanwha Systems Co., a leading South Korean defense manufacturer, has won its first US Air Force contract to supply Boeing Co. with cockpit displays ...
Samsung unveils Exynos 2600, industry’s first 2 nm AP
Samsung Electronics Co. on Friday set out details of its latest application processor, the Exynos 2600, the industry’s first smartphone chip p...
Hong Kong-based Gaw Capital poised to acquire Koentec for $500 mn
Hong Kong-based private equity firm Gaw Capital Partners has emerged as the preferred bidder for Koentec Co., a South Korean industrial waste incine...
S.Korea’s steel exports set to slide to 5-year low as Chinese supply floods markets
South Korea’s steel industry is heading toward its weakest export performance in five years, as a prolonged global construction slump collides...
Weak won: A double-edged sword for Korean tourism industry
South Korea’s travel market is splitting in two as a protracted weak-won cycle versus the dollar is driving an early year-end boom for hotels ...
Seoul taps Mirae Asset's Park, Celltrion's Seo to co-lead $102 bn National Growth Fund
South Korea has asked two of its most prominent billionaire entrepreneurs – Mirae Asset Group Chairman Park Hyeon-joo and Celltrion founder Se...
Johns Hopkins University, IFEZ to host global biotech innovation summit in Korea
Johns Hopkins University will bring prominent figures from the US and South Korea’s life-science communities together in Songdo on Thursday fo...
Enchem tipped to secure $1 bn electrolyte supply deal with CATL
Enchem Co., a South Korean battery materials producer, is tipped to secure a five-year electrolyte supply contract worth 1.5 trillion won ($1 billio...
Offshore investors boost appetite for Korean real estate; Singapore funds at forefront
A softening won and lower interest rates are raising foreign appetite for South Korean commercial real estate, with Singaporean heavyweights -...
Lotte Chemical, HD Hyundai Chemical agree to merge naphtha facilities amid industry overhaul
South Korea has launched its most sweeping petrochemicals restructuring in decades after Lotte Chemical Corp., the country’s largest petrochem...
SK Hynix to ramp up 1c DRAM production 8-fold in 2026
SK Hynix Inc., a crucial supplier of high-bandwidth memory to Nvidia Corp.’s artificial-intelligence processors, is set to boost output of its...
Yen's slide pushes Korean won to 7-month low amid worries over Japan's fiscal plan
The Korean won fell to its weakest level in seven months on Thursday, weighed down by a sharp decline in the Japanese yen following reports of Japan...
From founders to successors, S. Korea’s PE firms turn to younger bench for next phase
South Korea’s private equity industry, now in its 20th year, is entering a pivotal leadership transition as second-generation dealmakers step ...
Netflix, S.Korean rivals bleed cash as fight for OTT market heats up
South Korea’s streaming battlefield has become so cutthroat that even Netflix Inc., the world’s largest over-the-top (OTT) platform, is ...
Samsung’s Jay Y. Lee, LG’s top brass discuss cooperation with Mercedes-Benz chief in Seoul
Samsung Electronics Co. Chairman Lee Jae-yong and Mercedes-Benz Chief Executive Ola Källenius met in Seoul on Thursday to discuss expanding coo...
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 ...
Korea to overhaul steel industry, pledges $139 million in specialty steel R&D subsidies
South Korea on Tuesday unveiled a package to overhaul its steel industry, with government-backed plans for production cuts, an increase in the outpu...
Samsung SDI set to supply ESS batteries to Tesla amid industry shift toward US-made parts
Samsung SDI Co. is set to clinch its first large-scale battery supply agreement with Tesla Inc., a deal for energy storage systems (ESS) estimated a...
Nvidia strikes AI alliance with S.Korea, pledges 260,000 GPUs worth $9.8 billion by 2030
GYEONGJU – Nvidia Corp. has agreed to supply 260,000 units of its high-end graphics processing units (GPUs) to South Korea’s government ...
Hana to set up consumer protection committee, 1st in Korea's financial industry
Hana Financial Group will establish a consumer protection committee within its board of directors, becoming the first South Korean financial institu...
Taekwang signs definitive $331 million deal to acquire K-beauty firm Aekyung Industrial
A consortium led by Taekwang Industrial Co. is set to sign a definitive agreement to acquire a controlling stake in Aekyung Industrial Co. from AK H...
Korean specialty alloy makers SeAH, Poongsan set to ride defense, space industry boom
South Korea’s specialty alloy producers are stepping up investment to capture booming demand from defense and aerospace industries, as global ...
S.Korea to leap to Asia’s No. 2 industrial gas market by 2035: Air Liquide
South Korea, home to the world’s top two memory chipmakers, is poised to become Asia’s second-largest industrial gas market in a decade,...
SK Earthon puts stake in oil blocks in Vietnam up for sale
SK Earthon Co., the oil exploration arm of SK Innovation Co., has put its stake in three oil blocks in Vietnam, estimated to be worth 200 billion wo...
Korea’s steel industry set to suffer further as EU plans to cut import quotas, double tariffs
South Korea’s steel industry is expected to take another hit as the European Union plans to tighten restrictions on steel imports by cutting t...
S.Korea, Germany, Japan lock horns for machine tools supremacy
South Korea has thrown down the gauntlet in a three-way battle for the throne of the global machine tool industry, long dominated by Germany and Jap...
Korea, China, Japan’s drastic ethylene capacity cut boosts hopes for industry rebound
East Asia’s petrochemical industry is entering its largest restructuring in decades, with planned closures of aging naphtha cracking facilitie...
CJ Group steps up Europe push with K-entertainment
With Korean pop culture sweeping Europe, South Korean conglomerate CJ Group, whose empire spans media, entertainment, food, beauty, biotech and logi...
