S.Korea plans to build $2.7 bn mega solar power plant near Seoul as power demand from AI surges

South Korea is drawing up plans to construct one of the country’s largest solar power complexes on reclaimed land near the capital, as policym...

Alvarez & Marsal taps ex-KDB veteran to lead new Korea restructuring team

Global management consulting firm Alvarez & Marsal Holdings LLC (A&M) has launched a dedicated restructuring practice in South Korea, hiring...

HD Hyundai to build shipyard in India through joint venture with New Delhi

HD Hyundai Co. has agreed to establish a joint venture shipyard in India with the Indian central government-backed entities, marking a significant e...

Samsung Electro-Mechanics wins Broadcom AI substrate deal as component makers gain clout

Samsung Electro-Mechanics Co., a leading South Korean electronics parts maker, has secured a new customer, Broadcom Inc., for high-end artificial in...

New BOK chief maps out cautious policy stance, wider financial stability role

South Korea’s new central bank governor, Shin Hyun-song, struck a cautious tone on monetary policy Tuesday as rising oil prices and the broade...

Dollar store Daiso overtakes S.Korea's No. 3 retailer Lotte Mart with record sales

Daiso, South Korea's discount retailer known for fixed-price household goods, posted record sales in 2025, surpassing the country's third-largest re...

South Korean ETF issuers in space race to ride SpaceX IPO buzz

South Korean asset managers are rushing to launch new exchange-traded funds tied to both established and emerging space technology companies, seekin...

EV demand picks up as higher oil prices, subsidies boost appeal

Electric vehicles are gaining steam in South Korea as higher oil prices following the war involving Iran begin to change consumer behavior, aided by...

POSCO to directly hire 7,000 subcontracted workers in 1st shift under new labor law

POSCO Holdings Inc., South Korea’s largest steelmaker, said on Wednesday it has decided to directly hire about 7,000 subcontracted workers gra...

LG steps up AI drive as Chair Koo meets Palantir, Skild AI chiefs

Koo Kwang-mo, chairman of LG Group, met with the heads of Palantir Technologies Inc. and Skild AI in Silicon Valley as South Korea’s fourth-la...

Pearl Abyss poised to end 3 years of losses as Crimson Desert roars back

For a few days, Crimson Desert looked like it might become one of South Korea’s costliest gaming letdowns.Pearl Abyss Corp. had spent seven ye...

Once confined to back-office units, Korea’s SI firms find new role with rise of AI

Three decades ago, then-Samsung Group Chairman Lee Kun-hee issued a blunt directive that would come to define South Korea’s corporate transfor...

Hanwha Aerospace to build US ammunition base to bolster defense pitch

Hanwha Aerospace Co. will produce munitions in the US in a bid to strengthen its pitch to the Pentagon and deepen its foothold in the world’s ...

End of just-in-time: How shocks to global supply chains usher in new era of stockpiling

For decades, efficiency was king.Companies stretched supply chains across continents, shaved inventories to the bone and embraced the management phi...

Hyundai’s new strategy for high-end EVs: Making ultra-high-nickel batteries in-house

While preparing to mass-produce lower-cost batteries for relatively cheap EV models, Hyundai Motor Group, South Korea’s top automaker, is also...

Smaller, but high-priced OLEDs, LG Display’s new growth engine

South Korea’s LG Display Co. is regaining its footing by concentrating on high-value, smaller organic light-emitting diode (OLED) products whi...

NPS casts pivotal dissenting votes in 1st AGM season under new corporate law

South Korea’s National Pension Service (NPS) has thwarted a series of corporate maneuvers seen as unfavorable to minority shareholders this mo...

Hanwha Aerospace to share K9 platform with Spain’s Indra

Hanwha Aerospace Co. has agreed to transfer K9 howitzer technology to Spain’s Indra Group, adding another European partner to the leading Sout...

Why Kakao is handing control of Kakao Games to Japan’s LY

Japan’s LY Corp., operator of the Line messaging app, is poised to become the largest shareholder of Kakao Games Corp. in a 300 billion won ($...

SK Hynix mulls $8 billion new share issuance to back US ADR listing

SK Hynix Inc. is considering issuing new shares to back up its plan to list American depositary receipts (ADRs) in the US, a move aimed at securing ...

Hanwha moves to exit Korea Zinc chair's alliance amid MBK control battle

Hanwha Group is tapping Hong Kong-based asset managers to sell shares in Korea Zinc Inc., worth about 2.5 trillion won ($1.7 billion), according to ...

Seoul homeowners brace for tax shock as values soar

Owners of high-end apartments in Seoul could face holding tax increases of about 50% this year after official home valuations rose in line with last...

Samsung to manufacture Nvidia’s new inference chip Groq 3 LPU; shipments likely in Q3

SILICON VALLEY – Shares in Samsung Electronics Co. rose sharply on Tuesday after Nvidia Corp. Chief Executive Jensen Huang publicly confirmed ...

HD Hyundai sells Gunsan shipyard to HJ Heavy; proceeds to fund US MASGA project

HD Hyundai Co. has agreed to sell its long-idled Gunsan shipyard to EcoPrime Marine Pacific, the parent of mid-tier shipbuilder HJ Heavy Industries ...

New CEO nomination at Hanmi Pharm heralds new shareholder fight?

Hanmi Pharmaceutical Co. is poised to replace its chief executive, a move that exposes a rift among its major shareholders and could trigger further...

Korean firms face wave of direct bargaining demands from subcontractors under new labor law

South Korean companies are facing a broad push for direct bargaining from subcontractors under new legislation that expands union rights, with deman...

Coupang, POSCO become early test cases for S.Korea’s ‘Yellow Envelope Act’

South Korea’s newly enacted “Yellow Envelope Act” is beginning to reshape the country’s labor landscape, with subcontract wo...

South Korea signals year's 1st extra budget to counter Middle East shock

South Korean President Lee Jae Myung on Tuesday raised the prospect of this year’s first supplementary budget to cushion the economy against f...

Nuclear startup TerraPower wins US approval to build commercial SMR plant

TerraPower, a US nuclear startup founded by Bill Gates, has received approval to build an advanced commercial small modular reactor (SMR), sharehold...

Blackpink's DEADLINE sells 1.46 million copies on day of release, sets new K-pop girl group record

After more than three years of waiting, Blackpink fans around the world responded in the only way they know how — in record-breaking numbers.B...