cost saving

Shares of both Lotte Confectionery and Lotte Food rose more than 5% Thursday on expectations of synergy effects from their upcoming merger. A d...

The share prices of the world’s two largest memory chipmakers Samsung Electronics Co. and SK Hynix Inc. each have room to rise by about 50% ov...

South Korean companies are expected to pay more for fundraising as Russia’s invasion of Ukraine has chilled investor sentiment on corporate bo...

South Korean power utility KEPCO Co. reported its largest-ever operating loss of nearly 6 trillion won ($5 billion) in 2021, after it froze the elec...

Samsung Electronics Co., Hyundai Motor Co. and other South Korean companies are on high alert as Russia launched a military attack in Ukraine.They a...

South Korea’s central bank expects consumer inflation to hit an 11-year high this year as oil prices jumped above the $100 a barrel level for ...

South Korea's LG Electronics Inc. said on Wednesday it has decided to close its solar panel business in the face of deepening competition and sluggi...

South Korea's NCSoft Corp., the publisher of the popular mobile game Lineage series, on Tuesday reported a worse-than-expected operating profit in 2...

South Korean companies suffered from surging financing costs as corporate bond yields shot to eight-year highs. Affiliates of major conglomerates wi...

LG Electronics Inc. has overtaken Whirlpool Corp. as the world’s top manufacturer of home, kitchen and laundry appliances after posting record...

Samsung Electronics Co.'s spectacular 2021 earnings report on Thursday was overshadowed by its murky business outlook, as the world’s top make...

South Korea’s three leading tire makers joined the global industry’s plans to raise product prices to maintain profitability amid higher...

Rechargeable battery shares in Korea are continuing their slide, hit by global supply shortages. In addition to the companies that produce completed b...

Environmental, social and governance (ESG) requirements are expected to drive high-performance chip demand higher, in particular from data center op...

South Korea is building a smart farm in the Middle East desert with technology enabling the growth of various crops while minimizing water consumpti...

South Korea’s wage growth in the third quarter hit its highest point in three and half years, adding to inflationary pressure in Asia’s ...

A Korean startup about a year old has succeeded in creating a microchip that speeds up trading by a few microseconds -- a huge difference in the w...

Korea Post, South Korea's state-run postal service agency, said its savings arm will select two asset managers of an open-end commingled blind poo...

Hopes for improving corporate earnings are rising as countries around the world are relaxing their anti-COVID-19 measures, but South Korean companie...

Sindoh Co., South Korea’s top 3D printer maker, unveiled a state-of-the-art 3D printer under its new premium brand fabWeaver as it aims to exp...

Citigroup Inc. said on Monday its exit from South Korea's retail market was expected to cost between $1.2 billion and $1.5 billion, most of which wo...

Citibank Korea has decided to close its consumer banking operations in phases, the bank said on Monday, after its attempt to find a buyer of the bus...

South Korean companies have built up their dollar holdings to record levels, following record-breaking shipment growth this year, as rising raw mate...

General Motors Co. said it would recover from supplier LG Electronics Inc. nearly all of the $2 billion cost of recalling Chevrolet B...

Korea Post's savings arm earned an 8.45% return on investments in the first half of this year, broadly in line with the average rate of return repor...

South Korea’s chipmaking giants Samsung Electronics Co. and SK Hynix are set to pay hundreds of millions of dollars in corporate taxes to fore...

Hyundai Steel Co. and Samsung Electronics Co. said on Monday they have developed technology that can recycle the chipmaker’s wastewater sludge...

LS-Nikko Copper Inc., the world’s second-largest electrolytic copper maker, is beginning to reap the rewards of its smart factory project bega...

Industrial Bank of Korea (IBK) is slated to raise $500 million in dollar corporate bond at a lower-than-planned cost on strong demand.IBK decided to...

LS-Nikko Copper Inc., the world’s second-largest electrolytic copper maker, is beginning to reap the rewards of its smart factory project bega...