Korean won rebounds on estimated $2 bn intervention
The South Korean won rebounded on Friday as the foreign exchange authorities were suspected of selling some $2 billion, showing its determination to...
Disney focuses on local content for global expansion
ANAHEIM, California -- The Walt Disney Co. is concentrating on local content to attract more viewers worldwide for its streaming services through do...
S.Korea may have spent over $700 mn to support ailing won
South Korea was estimated to have dumped more than $700 million on Thursday to support the ailing won currency as it risked breaking through the psy...
South Korea’s uncomfortable place between US and China
South Korea has long known what it feels like to be “sandwiched.” This was how Samsung’s Lee Kun Hee in 2007 described the economy&r...
CJ OliveNetworks to expand fandom platform services
CJ OliveNetworks Co., a South Korean digital software developer, has joined hands with bemyfriends, a startup specializing in the global K-pop fando...
Terraform Labs co-founder Do Kwon faces arrest warrant in South Korea
A South Korean court issued an arrest warrant to Terraform Labs co-founder Do Kwon, a cryptocurrency ecosystem that imploded earlier this year. ...
South Korea bans L&F from building a battery material plant in US
The South Korean government has banned L&F Co., a battery materials maker, from building a new plant in the US amid a controversy over the Infla...
South Korea fines Google, Meta $72 million for privacy violations
South Korea’s privacy protection regulator on Wednesday levied millions of dollars in fines on Alphabet’s Google LLC and Facebook operat...
Steelmaker Husteel's operating profit skyrockets 579% in first half
Shares of Husteel, the only public company within the golf course giant Shinan Group, have doubled in price in the last three months. Industry ...
DB HiTek develops automotive power semiconductor tech
DB HiTek Co., South Korea’s major foundry chipmaker, developed the automotive power semiconductor process technology to meet the increasing de...
Broadcom not to force S.Korean tech companies on deals
US chipmaker Broadcom Inc. has pledged to cease putting undue pressure on Samsung Electronics Co. and other South Korean tech companies to sign deal...
Daewoo, Samsung bag $2.3 bn LNG ship order
Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. secured LNG ship orders worth a combined 3.2 trillion won ($2.3 bi...
Korean shipbuilders yield No.1 spot to Chinese rivals
South Korean shipbuilders yielded their No. 1 position to Chinese rivals in August, according to Clarkson Research on Tuesday, as they shifted towar...
South Korea’s tech giants bolster short-form video content services
South Korea’s tech behemoth Naver Corp. is poised to strengthen its short-form content service on surging demand for video content that is les...
Business magnates' startup investment fraternity V-Society going strong
Back in August 2000, a fraternity of domestic business magnates’ children and startup entrepreneurs named V-Society was founded. The frat...
Korea airlines to increase flights on eased COVID-19 rule
South Korean airlines plan to increase international flights by year-end as the country is set to ease the rule on COVID-19 for travelers in a move ...
South Korean government slashes fund of funds budget by 40% on-year
The South Korean government is facing a backlash from the startup and venture capital sectors after slashing next year’s fund of funds budget....
South Korea’s Shinhan launches credit card in Vietnam
South Korea’s Shinhan Card Co. launched its first credit card in Vietnam to expand its business portfolios into overseas markets as the sector...
South Korean gamers mobilize offline to make their voices heard
Angered by what they deem to be an unfair rewards system and poor customer service, South Korean players of Kakao Games Corp.’s Japan-created ...
Hankook Tire to spend $1.6 bn on US plant expansion
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&...
Hyundai, Hanwha ink $5.8 bn defense deals with Poland
South Korea’s defense makers Hyundai Rotem Co. and Hanwha Defense signed formal contracts worth $5.8 billion to export battle tanks and self-p...
Samsung SDS to collaborate with NIST in post-quantum cryptography
Samsung SDS Co. announced on Thursday it will participate in the Migration to Post-Quantum Cryptography (PQC) project hosted by the National Cyberse...
SoftBank-backed Tridge becomes South Korea’s first agriculture unicorn
South Korea’s agriculture and food trading platform Tridge Co. announced Thursday that it raised 50 billion won ($37.4 million) from DS Asset ...
Samsung C&T to build solar power plants worth $595 mn in Qatar
South Korea’s Samsung C&T Corp. is set to build solar power plants worth 800 billion won ($595.2 million) in Qatar, helping the Middle Eas...
LG to nurture automotive electronics talent at Korean universities
LG Electronics Inc., the world’s leading home appliance maker, plans to foster talent for its automotive electronics business at South Korean ...
North Korea dismisses South Korea’s move to improve ties as ‘absurd dream’
SEOUL—South Korean President Yoon Suk-yeol sought to shake up frothy inter-Korean ties on Monday with what he called an “audacious plan....
Hyundai IONIQ 6 logs record pre-orders in South Korea
Hyundai Motor Co., South Korea’s top automaker, announced on Tuesday that its first fully electric sedan IONIQ 6 is enjoying record pre-orders...
Naver joins RE100 campaign to go carbon-free by 2050
South Korea’s Naver Corp. said on Monday it has joined the RE100 initiative to go carbon-free by 2050 as the first domestic internet portal to...
Activist fund steps up pressure for SM Ent's governance reform
Align Partners Capital Management, a South Korean activist fund, has threatened legal action against entertainment behemoth SM Entertainment Co., re...
Seoul says US tax credit bill risks violation of FTA, WTO
South Korea has conveyed concerns to the US about its legislative move to remove tax credits from electric vehicles produced outside of North Americ...
