tax benefits

LG Energy Solution Ltd., the world’s second-largest battery maker, said on Friday its first-quarter operating profit likely more than doubled,...

Hyundai Motor Group Chairman Chung Euisun on Tuesday urged its US operations to work harder after its two automaking units, Hyundai Motor Co. and Ki...

The latest guidelines on US subsidies for electric vehicles under the Inflation Reduction Act come as a relief in every sense to South Korean batter...

Korea Securities Depository announced on Wednesday that Clearstream, the operator of the International Central Securities Depository (ICSD), had obt...

South Korea’s battery industry has high hopes for details on requirements for US tax credits on electric vehicles to be announced this week as...

South Korea is expected to log another year of record defense exports in 2023 thanks to growing military budgets across the world as local major arm...

Oil from South Korea’s famous hongsam (red ginseng) can prevent enlargement of the prostate, according to a study. A joint research team ...

China is loosening its grip on foreign online games with approvals on 27 titles, raising hopes that South Korean publishers will expand their presen...

Jobis&Villains Corp., a South Korean startup that offers a tax return service called “3o3,” said on Friday that it had set up a loca...

South Korea’s answer to the US CHIPS and Science Act is on course for National Assembly approval by the end of this month as the ruling and op...

South Korea’s main opposition party will propose higher tax credits and subsidies for domestic chipmakers and battery manufacturers as early a...

Lotte Chemical Corp., a major South Korean petrochemical manufacturer, joined hands with CF Industries Holdings Inc., the world’s largest ammo...

Seoul-based activist fund Tcha Partners Asset Management Co. on Monday demanded that South Korea’s Namyang Dairy Products Co. buy back half of...

South Korean companies with a large proportion of sales to emerging Asia are expected to shine in the stock market this year as their revenue from t...

LG Electronics Inc. and South Korea’s Yonsei University are searching for talented human resources to build software platforms for smart TVs.T...

South Korea’s central bank said on Tuesday it regards the current interest rate as tight, suggesting the monetary authority may hold the polic...

South Korean refiners such as SK Innovation Co. and S-Oil Corp. are estimated to incur a combined loss of over 1 trillion won ($800 million) in the ...

The sport-utility vehicle (SUV) Hyundai Genesis GV70 electric vehicle in the first half of the year is expected to be eligible for subsidies in the ...

South Korea is revising its electric vehicle subsidy plan in a way that favors local cars such as the Hyundai IONIQ 6 over imported vehicles, includ...

Hyundai Department Store Co. said on Sunday that it would introduce the artificial intelligence (AI) chatbot "Jellppo." Jellppo is an AI-based one-o...

Employees at South Korea’s oil refiners are expected to receive hefty bonuses after their companies posted record earnings last year amid hi...

South Korea’s 30th novel medicine K-CAB Tab (active ingredient: tegoprazan), a gastroesophageal reflux disease (GERD) treatment of HK inno.N, ...

The much-awaited launch of Intel Corp.’s latest processors dubbed Sapphire Rapids is a boon for leading memory chipmakers such as Samsung Elec...

The South Korean government plans to raise tax breaks for facility investments by big companies, including chipmakers, to as much as 25% following P...

South Korean electric vehicles for lease are forecast to receive US tax credits under the Inflation Reduction Act (IRA) as new guidelines of the law...

The South Korean government plans to revise a recently passed bill aimed at supporting the country’s semiconductor sector and other key indust...

Hansol Chemical Co., a unit of South Korea’s paper-focused conglomerate Hansol Group, is expanding its business scope to biomaterials by acqui...

CJ Bioscience, an independent red bio (pharmaceutical and healthcare) subsidiary of CJ CheilJedang Corp., said on Monday it has submitted a phase 1 ...

South Korean politician Yang Hyang-ja, a Samsung Electronics Co. executive-turned-lawmaker, criticized her fellow lawmakers' decision to raise the p...

Samsung Display Co., South Korea’s largest display maker, is building a production facility for Micro OLEDs, a next-generation display technol...