cost cuts

Samsung E&A Co., the construction and engineering unit of South Korea’s top conglomerate Samsung Group, said on Wednesday it has clinched ...

South Korea’s top resort operator Sono International Co. is seeking an initial public offering of its shares on the Korean market next year, r...

South Korea’s export growth fell to a 14-month low in November with shipments to the world’s two biggest markets the US and China down, ...

South Korea’s central bank lowered interest rates for a second straight meeting on Thursday in a surprise move and left the door open for anot...

Seoul-based Kamur Private Equity has signed a definitive agreement to sell a majority stake in South Korean industrial cutting tool manufacturer JJ ...

SK Square Co., the investment arm of South Korea’s No. 2 conglomerate SK Group, announced shareholder-friendly measures on Thursday, in respon...

Hyosung Chemical Corp. has failed to reach an agreement with a consortium of IMM Private Equity and STIC Investments Inc. to sell its specialty gas ...

POSCO, the world’s seventh-largest steelmaker, said on Tuesday it has shut down a wire rod mill in South Korea as rising exports from China ha...

The Korea Development Institute (KDI), South Korea’s state-run think tank, has slashed its forecasts for the country’s economic growth f...

South Korea’s two leading memory chipmakers – Samsung Electronics Co. and SK Hynix Inc. – are moving to significantly reduce their...

South Korean solar cell companies such as Hanwha Q Cells Co. and OCI Holdings Co. are set to benefit from expanded subsidies covered by the US CHIPS...

LG Electronics Inc. said on Wednesday it started selling its LG Smart Cottage, a compact, prefabricated modular home that utilizes its cutting-edge ...

LG Energy Solution Ltd., the world’s third-largest battery maker, said its quarterly operating profit more than doubled from the previous thre...

Korea Electric Power Corp. (KEPCO), the South Korean state-run utility company, was shortlisted as a final candidate for renewable energy projects i...

South Korea’s central bank is open to more cuts in interest rates after its first rate reduction in more than four years on Friday but only in...

Samsung Electronics Co. plans to drastically cut its chip executive jobs and restructure semiconductor-related operations as it struggles to compete...

South Korea will be included in a global major bond index next year to attract an estimated $66 billion in capital inflows to Asia’s fourth-la...

South Korea’s headline inflation slowed below 2% for the first time in three and a half years in September on lower international oil prices, ...

Samsung Heavy Industries Co. said on Monday it will adopt three-dimensional (3D) digital drawings for its entire ship design and construction proces...

South Korea's budget carrier Jin Air said on Friday that it will resume and expand its international flights for the upcoming winter season, focus...

Gmarket Inc. will cut jobs for the first time since it was acquired by South Korea’s retail giant Shinsegae Group in 2021, joining the group&r...

Kia Corp., an automaker of Hyundai Motor Group, is poised to start mass production of electric vehicles at the global No. 3 carmaker’s first p...

Hyundai Motor Group, the world’s third-largest carmaker, has started developing electric vehicle battery technology to cut costs and reduce th...

SK On Co., the world’s fifth-largest electric vehicle battery maker, plans to cut its workforce with the company’s first voluntary retir...

T'way Air Co. announced on Thursday that it will gradually introduce five new Airbus A330-900 Neo aircraft starting next year.T’way recently s...

South Korean companies rushed to issue foreign currency bonds after the US Federal Reserve lowered interest rates for the first time in more than fo...

Baemin, South Korea's top food delivery platform, and the country’s leading travel and accommodation booking platform operator Yanolja Co. hav...

KCGI, a South Korean private equity firm, has agreed to buy a controlling stake in Hanyang Securities Co. for 220.3 billion won ($166 million), slig...

South Korean top automaker Hyundai Motor Co. has slashed its long-term vehicle sales targets by 6% as it prepares for aggressive marketing by Chines...

South Korea’s auto juggernaut Hyundai Motor Co. and US auto giant General Motors Co. will explore ways to jointly develop new vehicles and sou...