higher fuel costs

South Korea's low-cost carrier (LCC) Fly Gangwon, based in Gangwon Province, has rebranded itself as Parata Air and is embarking on a new beginning....

South Korean shipbuilders are in talks with Qatari state companies for an estimated $3.3 billion in deals to manufacture additional liquefied natura...

South Korea's Shinsegae International Inc. announced on Friday that it will acquire 100% of Amuse Corp., a cosmetics brand, for 71.3 billion won ($5...

South Korean convenience store chain GS25 said on Sunday it would expand the lineup of affordable and small-pack basic cosmetic products, targeting ...

South Korea’s LG Display Co. plans to sell its liquid crystal display (LCD) panel plant in Guangzhou, China, to TCL China Star Optoelectronics...

South Korea’s household debt is expanding at the fastest pace in over three years, clouding growth in Asia’s fourth-largest economy and ...

The Korea Customs Service announced on July 29 that domestic petroleum products were exported after being blended in a bonded zone for the first tim...

HiteJinro Co., South Korea’s leading soju maker, will likely post its best-ever quarterly profit in the second quarter as the clear distilled ...

Woori Financial Group Inc., South Korea’s fourth-largest financial services holding company, plans to significantly enhance its shareholder va...

South Korea's four major oil refiners—SK Energy, GS Caltex, S-Oil Corp., and HD Hyundai Oilbank—achieved a record high in petroleum pr...

Hyundai Motor Group, the world’s third-largest carmaker, plans to increase prices of the existing low-cost electric vehicles in the second hal...

Some 100 certified caregivers from the Philippines will come to South Korea in August to work as domestic helpers in a country struggling with the...

CHANGWON, South Gyeongsang Province – Engineers at Hyundai Rotem Co.'s rolling stock factory in South Korea have their hands full manufacturin...

The National Pension Service (NPS) has raised its bets on South Korean beauty and food companies in the second quarter of this year on expectations ...

POHANG, North Gyeongsang Province – POSCO, the world’s seventh-largest steelmaker, is set to significantly reduce emissions in the produ...

South Korea's low-cost carrier (LCC) Jin Air announced on Wednesday that it received an A in the Sustinvest ESG (Environmental, Social, Governance) ...

South Korean major mobile carrier LG Uplus Corp. officially launched its generative artificial intelligence model ixi-GEN on Tuesday, joining its bi...

Shein, a Chinese fast fashion online retailer, announced on Thursday its official debut in South Korea with the launch of its Korea-dedicated platfo...

SK Energy Co., a unit of South Korean oil refiner and battery maker SK Innovation Co., has begun operation of its gas combined heat power (CHP) syst...

Hyundai Motor Co. plans to roll out car carrier trailers and refrigerator trucks powered by hydrogen in the second half of this year with a focus on...

South Korea logged a current account deficit in April, ending a streak of surpluses for the past 11 months, on seasonal factors such as increased di...

From June 11, Air Premia Inc. is slated to launch service to Oslo, Norway, the longest-haul route for a South Korean low-cost carrier (LCC). The LCC...

South Korea's Samsung Heavy Industries announced on Wednesday that it obtained Approval in Principle (AIP) from Lloyd's Register for the design of a...

MBK Partners, the North Asia-focused private equity firm, has put the supermarket chain unit of South Korea’s hypermarket operator Homeplus up...

Lotte Tour Development Co. announced on Tuesday that it launched the brand High& for high-quality premium package travel products.High& is a...

ASAN, South Chungcheong Province – At Hyundai Motor Co.'s manufacturing plant in Asan, over 60 km south of Seoul, thousands of robots were bus...

South Korea's Hanwha Aerospace Co. announced on Friday that it will join Hanwha Ocean Co. in a joint R&D initiative to target the eco-friendly...

South Korea's low-cost carrier Eastar Jet announced on Friday that it will be the first domestic budget airline to introduce the Fuel Analytics prog...

The Export-Import Bank of Korea (Eximbank) announced on Thursday that it will provide $1 billion in project financing for the Amiral petrochemical f...

Hyundai Motor Group Chairman Chung Euisun has discussed cooperation on hydrogen-fueled cars and electric vehicles (EVs) with the Indonesian economy ...