S.Korea rattled by detention of hundreds of workers at Hyundai-LG battery JV in sweeping US raid

Several hundred workers at an electric vehicle battery joint venture between Hyundai Motor Co. and LG Energy Solution Ltd., which is currently und...

S.Korea turns to Southwest Asia for export growth with Bangladesh in focus

South Korea is turning to Southwest Asia as a new export market with a focus on Bangladesh as it seeks to expand trade with the energy-rich, populou...

S.Korea seeks to join Japan-led CPTPP economic alliance amid Trump-era tariff risks

South Korea is seeking to join a 12-member multilateral economic and trade alliance led by Japan to hedge against intensifying US-China rivalry and ...

Whirlpool alleges Samsung, LG rejigged product transfer prices to lower US tariffs

NEW YORK – Whirlpool Corp., the world’s top home appliances maker, has lodged a complaint with the White House, alleging that South Kore...

S.Korea’s US exports tumble in August as tariff shocks set in

South Korea’s exports to the US, one of its largest export destinations, fell by double digits in August, the first such decline since the hei...

Samsung, SK Hynix lose US waiver on chip equipment for China use

The US will make it harder for Samsung Electronics Co. and SK Hynix Inc. to manufacture chips in China and upgrade production facilities there, thre...

HYBE, Geffen to debut new global girl group in 2026 — second joint project after KATSEYE

HYBE and US label Geffen Records will launch their second global girl group in 2026, following their first joint act, KATSEYE.The Korean entertainme...

Korean VC firms lose appetite for investment in startups amid dearth of IPOs, M&As for exit

South Korea’s startup community is facing its sharpest funding squeeze in over a decade, as venture capital (VC) firms retreat from new invest...

Korean stock surge drives 4.08% return for National Pension Service in H1

The National Pension Service (NPS), the world's third-largest pension scheme, posted a 4.08% return on investment in the first half of this year, wi...

S.Korea-US summit yields no joint statement amid split on auto tariffs, MFN status

WASHINGTON D.C. – South Korean President Lee Jae Myung’s first bilateral meeting with US counterpart Donald Trump ended in a cordial atm...

HD Hyundai Heavy to merge with Hyundai Mipo as MASGA gains traction

HD Hyundai Heavy Industries Co. said on Wednesday that it will merge with HD Hyundai Mipo Co., marking its first step to tap into the Make America S...

Hanwha raises bet on MASGA with $5 bn investment in Philly Shipyard

Hanwha Group will expand its shipbuilding capacity in the US far beyond earlier plans with a $5 billion investment in Hanwha Philly Shipyard as Seou...

Lee's signature pen admired by Trump at summit turns into surprise gift; golf putter a bonus

When South Korean President Lee Jae Myung stepped into the West Wing of the White House on Monday, he hardly expected a signature pen to steal the s...

Lee, Trump end first summit on cordial note, but questions remain

South Korea’s proposal to help revive the US shipbuilding industry proved pivotal in setting a positive tone for President Lee Jae Myung&rsquo...

S.Korea, US affirm partnership to usher in US shipbuilding, manufacturing renaissance

WASHINGTON, D.C. -- South Korean President Lee Jae Myung on Monday reaffirmed Seoul's commitment to partner with Washington to revive the US manufac...

S.Korea’s Lee signals end to ‘security with US, economy with China’ policy; to hike defense costs

WASHINGTON, D.C. – South Korean President Lee Jae Myung said on Monday that Seoul can no longer maintain its decades-old strategy of relying o...

Korea Inc pledges $150 bn US investment; KAL buys new planes, Samsung, Hyundai Motor vow extra spending

WASHINGTON, D.C. – South Korea’s biggest conglomerates have committed $150 billion in fresh investment in the US in a sweeping package t...

Korean dining chains sweep across US, boon for K-sauce  

Korean dining chains are springing up across the US, fueled by health-conscious eating trends and the surging influence of Korean pop culture, boost...

BOK unlikely to get ahead of the curve to cut rates before US Fed: KED economists

The Bank of Korea will likely leave its policy rate unchanged at 2.5% at Thursday’s rate review meeting due to concerns over financial stabili...

Korean tycoons head to US to support summit; Samsung likely to unveil fresh investment

The heads of South Korea’s largest conglomerates are heading to the US to support a Seoul-Washington summit, with investors watching closely f...

S.Korea’s Lee heads to high-stakes summit with Trump after closing ranks with Ishiba

South Korean President Lee Jae Myung is flying to Washington after a high-profile visit to Tokyo, where he sought to repair ties with Japan ahead of...

South Korea’s president to visit US with 15 business leaders after Japan

South Korea’s President Lee Jae Myung will travel to Japan and the US starting on Aug. 23, accompanied by 15 business leaders from the country...

Harman sells system integration unit to Wipro to sharpen audio focus

Harman International Industries Inc., wholly owned by Samsung Electronics Co., has sold its digital transformation solutions (DTS) unit to India&rsq...

Seoul calls for specific ethylene cut targets, demands shareholders’ fresh fund injections

South Korea’s financial regulators are calling on the country’s petrochemical producers to draw up sweeping self-rescue measures, includ...

Samsung’s US profit triples in H1 thanks to Galaxy phones

Samsung Electronics Co.'s US unit nearly tripled its profit in the first half of the year, defying concerns about steep US tariffs on foreign electr...

KHNP in joint venture talks with Westinghouse to target US nuclear market

South Korea's state-run Korea Hydro & Nuclear Power Co. (KHNP) is in talks with Westinghouse Electric Co. to form a joint venture (JV) with an a...

Hyundai Motor to up ante in US with full hybrid lineup in 2026

Hyundai Motor Group plans to expand hybrid offerings across its entire US lineup to cushion profitability from US tariff fallout while hoping to nar...

S.Korea’s petrochemical firms to cut capacity on state call for rigorous restructuring

South Korea’s 10 largest petrochemical companies have agreed to restructure their operations, including up to 25% cuts to their naphtha-cracki...

Kospi-listed firms underperform in Q2 with gloomy H2 forecast

South Korean firms suffered steeper losses in the second quarter as hefty US import tariffs took a toll, fueling fears of a tougher road ahead as th...

US government eyes stake in Samsung, TSMC in return for CHIPS Act funds

The US government is looking into acquiring equity stakes in chipmakers such as Samsung Electronics Co., Taiwan Semiconductor Manufacturing Co. (TSM...