price cut

LG Innotek Co. faces growing pressure to lessen its reliance on Apple Inc., which accounts for 70% of its sales. The iPhone maker has been reducing ...

South Korea’s major battery materials company EcoPro Co. saw last year’s operating profit halved from the previous year after a steeper-...

General Motors Chair and Chief Executive Mary Barra will visit South Korea on Wednesday to meet leaders of LG Energy Solution Ltd. and Samsung SDI C...

South Korean tire makers such as Hankook Tire & Technology Co., Kumho Tire Co. and Nexen Tire Corp. are expected to post new record-high revenue...

South Korea’s top steelmaker POSCO Holdings Inc. and its domestic peers are poised to raise product prices further to cut losses amid surging ...

S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., on Friday posted a 58.3% decline in its operating profit last year, weighed by lower re...

Hyundai Motor Co. and its sibling Kia Corp. sold 6,627 units of electric vehicles together in the US last month, 51% more than a year ago as their d...

South Korea’s headline inflation dropped for a third straight month to a six-month low on declining oil prices, adding relief to the central b...

Aptiv PLC, a US autonomous driving technology company, has decided to reduce a significant portion of its stake in Motional, a self-driving tec...

South Korean convenience store chains are accelerating exports of food products under their private brands as the domestic market competition is int...

The South Korean battery industry is bracing for a grim market this year as Tesla Inc. is seeking every possible means to reduce costs to combat&nbs...

Global private equity firms, which recover their principal investment in South Korea, sell their assets for 2.5 times the purchase price on average,...

South Korea, which imposes some of the highest inheritance and gift taxes on businesspeople among the Organization for Economic Cooperation and Deve...

Mirae Asset Securities Co. on Monday issued $600 million worth of foreign currency bonds, marking the first foreign bond sale by a South Korean brok...

Under growing pressure from increased imports of cheap Chinese and Japanese steel products, South Korean steelmakers are considering filing an anti-...

Hyundai Motor Group., the No. 2 electric vehicle brand in the US, is offering discounts of up to $7,500 for their EVs in the country — the max...

South Korea on Thursday kicked off a push to nearly double the number of foreign tourists visiting the country this year to 20 million by hosting a ...

South Korea’s central bank on Thursday hinted its policy rate may have peaked after leaving the rate unchanged for the eighth straight meeting...

Memory chip prices are poised for a significant jump in the first quarter of 2024, with mobile DRAM spearheading the increase, according to research...

LAS VEGAS, NV -- Samsung Electronics Co. and LG Electronics Inc., the world’s two largest TV makers by sales, have introduced next-generation ...

Scrap steel prices in South Korea are poised to bounce back after hitting an annual low in the last month of 2023 amid declining scrap metal invento...

South Korea’s consumer prices rose 3.6% this year, driven by the biggest jump in utility bills since 2010 and high inflation in agricultural p...

Kakao Mobility Corp.’s ambition to go global has hit a roadbock after its parent group Kakao Corp. rejected its draft bid to buy Germany-based...

South Koreans expect inflation to slow over the next 12 months, providing relief to the central bank’s hawkish stance that policy rates should...

South Korea’s telecommunications companies, besieged by the onslaught of foreign over-the-top (OTT) players such as Netflix and YouTube, are g...

On Nov. 20, HMM Co., South Korea’s No. 1 ocean carrier, issued new 200 million shares after its two largest shareholders -- Korea Development ...

HD Hyundai Co., a South Korean shipbuilding and machinery conglomerate, is building an integrated equipment manufacturing platform for its two const...

Celemics Inc., a South Korean diagnostic reagent producer, is gearing up for its foray into the US and India next year in its first step toward glob...

Hyundai Motor Co., South Korea’s top carmaker, has decided to sell its plants in Russia for only about $100 to a local company although it has...

LG Display Co., the world’s top manufacturer of large-size organic light-emitting diode (OLED) panels, said on Monday it plans to raise 1.36 t...