replacement demand

The number of South Koreans who spent this year’s six-day holiday of Chuseok abroad exceeded pre-pandemic levels, indicating a recovery in the...

South Korea predicted headline inflation to ease from October after hitting a five-month high last month, adding to expectations that the central ba...

South Korea’s exports slowed their decline in September to their mildest drop amid a yearlong downturn, raising hopes for a recovery in Asia&r...

South Korean language startups are expanding their business in overseas markets with their local tongue through generative artificial intelligence, ...

South Korea’s agricultural and food exports have turned upward this year, led by Koreans' everyday menu items such as rice, kimchi and instant...

Celltrion Inc., a South Korean biopharmaceutical giant, said Monday it will provide biosimilars worth 423.6 billion won ($323.6 million), its larges...

OCI Group-affiliated chemical company Unid announced on Thursday that it has completed the expansion of its Ulsan plant after investing 11 billion w...

South Korea's Daewoong Pharmaceutical is venturing into the development of a product that can easily treat diabetic retinopathy in the form of ...

The competition among automakers to cut prices of electric vehicles is expected to intensify with battery cell prices falling at a fast pace due to ...

There are signs of a memory chip market recovery, particularly in the mobile DRAM chip segment, although demand for personal computer chips remains ...

SK Hynix Inc. and Samsung Electronics Co. are confident that a new memory chip market renaissance is just around the corner thanks to the generative...

SK Rent-a-Car plans to overhaul its existing fleet of internal combustion engine vehicles in favor of electric cars. The company aims to capitalize ...

South Korea's digital solutions provider SK C&C will open a master’s degree program at Yonsei University in Seoul to develop experts in di...

South Korea’s Samsung Electronics Co. has narrowed its market share gap with foundry leader Taiwan Semiconductor Manufacturing Co. (TSMC), pos...

Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, plans to raise vehicle shipping rates considering the sharp rise ...

South Korea's Kiwoom Securities on Tuesday said it cut its third-quarter earnings forecast for Samsung Electro-Mechanics due to continued sluggish...

South Korea will develop artificial intelligence (AI) chips by 2030 able to perform more than 10 trillion operations per second, while consuming ver...

SK Hynix Inc. saw its DRAM chip shipments significantly increase in the second quarter, leading the industry’s overall revenue rebound, market...

LS e-Mobility Solutions Co., a power transmission parts maker, has won a 250 billion won ($187 million) deal to supply electric vehicle (EV) parts...

Hyundai Motor Co. is preparing to ramp up the production of its two popular SUV models Tucson and Palisade at its South Korea-based plants to meet g...

South Korea's largest low-cost carrier Jeju Air Co. will buy 40 next-generation passenger planes and lease 10 other new aircraft from Boeing Co. wit...

Samsung Electronics Co.'s latest models of its flagship Galaxy series of smartphones, watches and tablets have begun hitting the shelves of the comp...

South Korea’s LS Cable & System on Thursday announced additional investment of 155.5 billion won ($117.5 million) in its plant in Donghae,...

South Korea’s heavy electrical equipment makers are expanding their presence in the US, the world’s second-largest electricity consumer,...

Korean Air Lines Co.’s operating profit in the second quarter fell over 30% from the same period last year in line with market consensus.Consi...

A growing number of South Korean companies – from battery materials makers to power facilities builders – are jumping into the waste bat...

South Korean tire manufacturers enjoyed healthy earnings thanks to strong global demand for electric vehicles and new cars adding to expectations th...

Hyundai Steel Co., South Korea’s second-largest steelmaker, plans to ramp up automotive and eco-friendly steel production after posting an ope...

SK Hynix Inc. reported an operating loss in the second quarter of this year, extending its losing streak to three consecutive quarters and inflating...

Refining margins at South Korea’s four oil refiners, led by SK Innovation Co., have exceeded their break-even points after three months, a sig...