military spending

Korean Air Lines Co., the country’s flag carrier, plans to bring in new airplanes and spend $1.7 billion on safety measures after a recent spa...

A buyer who works for the men's fashion division of a South Korean department store had trouble sleeping ahead of the fall sale that ran from Sept. ...

Members of K-pop boy band BTS will fulfill South Korea’s national military duty, starting with its oldest member Jin, their agency HYBE Co. an...

South Korea’s Hansol Group and the Korea Advanced Institute of Science and Technology (KAIST) have agreed to establish a research center to de...

South Korea’s top auto parts maker Hyundai Mobis Co. will spend $1.3 billion until 2030 to build auto parts and module plants for electric veh...

Malaysian government officials are scheduled to visit Korea Aerospace Industries Ltd. (KAI) next month for a light fighter jet contract, media repor...

South Korea is set to take measures to stabilize local stock and bond markets hit by global interest rate hikes amid growing risks of a worldwide ec...

Rising borrowing costs coupled with the weakening local currency are forcing an increasing number of South Korean companies to withdraw or halt thei...

SK Group Chairman Chey Tae-won says that survival now takes top priority over profits and management efficiency as escalating tensions between the U...

Korea Aerospace Industries Ltd. (KAI), the country’s military aircraft manufacturer, has inked a formal deal worth $3 billion to export light ...

SK Group, South Korea’s second-largest conglomerate after Samsung, will funnel 67 trillion won ($48 billion), or about 40% of its 2022-2026 do...

The issue of allowing K-pop megaband BTS to fulfill alternative service to active military duty resurfaced again on Thursday, with government offici...

South Korea plans to reduce spending in 2023 for the first time in 13 years by cutting pandemic-era stimulus payments in a move to curb the country&...

Hankook Tire & Technology Co., South Korea’s top tire maker, will invest $1.6 billion to more than double its output in the US, the world&...

Samsung Electronics Co., the world’s top memory chipmaker, is expected to invest some $74 billion to expand semiconductor production capacity ...

The United States: 4158. South Korea: 50These figures refer to the number of qubits in a quantum computer that each country seeks to develop by 2026...

South Korea has embarked on efforts to export domestically designed submarines weighing more than 3,000 tons to Australia, while also in the final s...

South Korea is leaning toward allowing the K-pop boy band BTS to fulfill alternative service instead of active military duty, the country’s mi...

KT Cloud Corp., a unit of South Korea’s telecom giant KT Corp., plans to spend up to 2 trillion won ($1.5 billion) over the next three years t...

WASHINGTON DC – SK Group, South Korea’s second-largest conglomerate, said on Wednesday it will build its first memory chip packaging fac...

Hit by shrinking liquidity around the globe, startups in South Korea are coming up with different ways to cut costs, most notably in human resources...

South Korea’s LG Innotek Co. said on Wednesday it will invest 1.4 trillion won ($1.1 billion) in expanding facilities for semiconductor substr...

South Korea’s fourth-largest conglomerate LG is setting its sights on clean energy technology as it steps up efforts to transform into an eco-...

LG Magna e-Powertrain Co. will invest $78 million in its Chinese plant of electric vehicle parts to meet growing demand in the world’s largest...

South Korea’s Military Mutual Aid Association (MMAA) has decided to raise the interest rates of the members’ savings products by 25 to 4...

The South Korean government has decided to invest 1.02 trillion won ($794 million) in the artificial intelligence semiconductor sector and foster ov...

The duty-free industry has been hoping that the end of COVID-19-related travel restrictions would help boost its sales. Even as international t...

SK Gas Ltd., South Korea’s leading liquefied petroleum gas (LPG) supplier, is poised to sell its stake in an operator of the Eurasia Tunnel in...

SEOUL—The U.S. and South Korea are responding to North Korea’s unprecedented number of missile tests this year with a greater show of ...

KT Corp., a South Korean telecom giant, plans to invest nearly $10 billion in its digital platform sector by 2026 as it aims to focus on the industr...