economic forecast

South Korean shipbuilders continued to win very large ammonia carrier (VLAC) orders, expanding their shares in the global eco-friendly vessel market...

South Korea's Tata Daewoo Commercial Vehicle Company (TDCV) achieved remarkable success last year by exporting 40% of its total sales, despite the g...

LG Electronics Inc. on Monday posted record-high 2023 revenue thanks to robust sales of home appliances and vehicle components, although its fourth-...

POSCO International Corp. will step up global expansion in 2024 with a focus on electric vehicle components, eco-friendly energy exploration and gra...

Startups that specialize in digital healthcare, robots and artificial intelligence chips are among South Korea-based venture capital firms’ to...

South Korea’s public and private sectors will together invest more than 3 trillion won ($2.3 billion) by 2030 to nearly quadruple the domestic...

South Korea’s battery materials maker POSCO Future M Co. announced on Tuesday that it was listed on Dow Jones Sustainability Asia/Pacific In...

Statista, the world’s leading data and intelligence company, has teamed up with The Korea Economic Daily to identify South Korea’s faste...

List of Korea’s Growth Champions 2024 Rank Company Absolute Growth Rate Compound Annual Growth Rate (CAGR) Revenue 2019 Revenu...

Hyundai Motor Co. and Kia Corp., South Korea’s two largest automakers, are set to export more than 2 million cars in 2023 for the first time i...

WASHINGTON, D.C. – South Korea and its closest neighbor Japan need to form an economic coalition, similar to the European Union (EU), to meet ...

South Korea’s central bank chief on Thursday said interest rates will have to stay high for more than six months, leaving the door open for an...

SK Nexilis Co. and Lotte Energy Materials Corp., South Korea’s two leading copper foil producers, have continued to reduce factory operation r...

South Korea is more hopeful about a gradual recovery in the economy, driven largely by revived global demand for its mainstay export semiconductors,...

South Korea’s battery maker SK On and Hyundai Motor Group's joint battery project in Georgia, the US, was awarded the "Deal of the Year 2023 i...

A South Korean government think tank has cut its growth forecast in Asia’s fourth-largest economy for this year and next but raised inflation ...

Kia Corp., South Korea’s second-largest automaker, said on Friday that its third-quarter net profit rose fourfold from a year earlier thanks t...

South Korean institutional investors said they are preparing for prolonged high interest rates and market uncertainty, building mid- to long-term pl...

HO CHI MINH CITY – South Korean garment maker Hansae Co. expects to see decent growth in sales and profits next year despite the global clothi...

South Korea’s economy in the third quarter grew 0.6% from the previous quarter, extending a growth streak to three consecutive quarters on a r...

South Korean electric vehicle battery materials maker POSCO Future M Co. predicts that cathode material prices in the fourth quarter will drop as mu...

KB Financial Group Inc., South Korea’s top financial holding company by assets, on Tuesday reported better-than-expected net profit in the thi...

Major institutional investors in South Korea and global asset managers will share their views on the world economy and asset allocation strategies a...

One hundred new South Korean startups at the vanguard of development of innovative AI technology will be unveiled later this month, according to The...

South Korea's SK Telecom Co. has introduced an economic system to its metaverse service "ifland." With this, users can now purchase items with the c...

South Korea’s three major shipbuilders are all poised to log quarterly surpluses for the July-September period and stay in the black for years...

Hyundai Motor Group Chairman Chung Euisun emphasized “customers” as his management keyword when he took the helm of the largest automoti...

The net zero emission target by 2050 is forecast to lower South Korea’s economic growth rate by an average of 0.6 percentage point per year ...

Former chief executives of South Korean firms are being recruited by their previous employers as the companies need the seasoned experience of these...

A sense of crisis gripped South Korean home appliance giant LG Electronics Inc. two years ago when consumers tightened their purse strings on growin...