S.Korea’s extra budget approved; IBs lift economic forecast

South Korea’s National Assembly, controlled by the ruling Democratic Party, on Friday passed the country’s new extra budget worth 31.8 t...

Korean commercial act revision to drive reevaluation of equities: J.P. Morgan

J.P. Morgan, a leading US investment bank, has thrown its weight behind South Korea’s landmark commercial act revision, saying that the new go...

Economic strain drives millennials, Gen Z into collectible craze

SHANGHAI – Standing in the rain, lines of people snake along Nanjing Dong Lu, Shanghai’s bustling shopping street, outside a Miniso shop...

Calls grow for stronger LP oversight in national strategic asset M&As

MBK Partners’ takeover attempt of Korea Zinc Inc. has exposed the vulnerability of national strategic assets to private equity ownership, posi...

President Lee: Businesses at center of policy priorities for economic growth

South Korean President Lee Jae-myung on Friday pledged strong government support for the country’s businesses, while emphasizing the need for ...

IFEZ to apply for designation of southern Ganghwa as free economic zone

The Incheon Free Economic Zone (IFEZ) Authority is set to submit its application by the end of June to designate the southern end of Ganghwa Island ...

LG to drive future growth in emerging markets with battery prowess

LG Group, South Korea’s fourth-largest conglomerate by assets, should step up its efforts to foster future growth with promising technologies,...

BOK turns more dovish after 25 bp rate cut; 2025 growth outlook halved

The Bank of Korea (BOK) on Thursday cut its benchmark interest rate by a quarter percentage point to 2.5%, citing growing concerns over faltering do...

Seoul mulls joint review of Alaska LNG project with Japan, Taiwan, Vietnam

South Korea has proposed forming a consortium with Japan, Taiwan and Vietnam to jointly assess the feasibility of investing in the $45 billion Alask...

Korea’s Q1 economic contraction adds to stimulus expectations

South Korea's economy unexpectedly contracted in the first quarter as exports and consumption fell amid a political crisis and fears over the impact...

BOK stands pat; rate cut likely within 3 months as economic growth slows

The Bank of Korea (BOK) left its benchmark interest rate unchanged at 2.75% on Thursday, with Governor Rhee Chang-yong warning that a surge in globa...

Koreans cut spending in March, except on health, education

South Korean consumers exhibited recessionary spending behavior in March, cutting expenditures across nearly all sectors, except healthcare and educ...

Koreans cut spending in March, except on health, education

South Korean consumers exhibited recessionary spending behavior in March, cutting expenditures across nearly all sectors, except healthcare and educ...

Samsung, LG review strategies as Trump slaps Vietnam with steeper tariffs

South Korea’s two leading electronics makers – Samsung Electronics Co. and LG Electronics Inc. – are being forced to reassess thei...

Luxury fashion platform Balaan files for court receivership amid slump

South Korea’s top luxury goods e-commerce platform Balaan Co. said on Monday it has filed for corporate rehabilitation with a Seoul court as t...

South Korea emerges as private equity firms’ global hub

New York-based Apollo Global Management and London-based Intermediate Capital Group (ICG) have joined the ranks of global private equity firms that ...

Samsung’s system chip, foundry business under close scrutiny for overhaul

Samsung Electronics Co., the world’s largest memory chipmaker, has put its system chip and foundry businesses under tight scrutiny for a possi...

HD Hyundai, Hanwha to tap into $242 billion US Navy warship market

South Korea’s two warship builders – HD Hyundai Heavy Industries Co. and Hanwha Ocean Co., – are set to ride tailwinds in their bi...

Meta in talks to acquire Korean fabless chip startup FuriosaAI: Forbes

Meta Platforms Inc., the parent of Facebook and Instagram, is in talks to acquire Seoul-based AI chip startup FurisosaAI Inc. and the discussion cou...

South Korea’s alternative data pioneer KED Aicel in full force

South Korea’s leading alternative data service provider Hankyung Aicel Inc. is poised to transform companies' and investors’ business an...

BOK lowers growth forecasts to bolster rate cut expectations

South Korea’s central bank slashed its economic growth forecasts on Monday, adding to views that the monetary authority will cut interest rate...

Korea’s 2024 exports hit all-time high, driven by chips, shipments to China

South Korea’s exports, the country’s main growth driver, reached an all-time high in 2024, buoyed by strong semiconductor exports and a ...

Korea’s new acting president assures economy resilient, security tight

South Korea’s new Acting President Choi Sang-mok said on Friday he is confident that the country’s economy is resilient and its national...

Korea’s commercial vehicle sales tumble on economic slowdown

South Korea’s commercial vehicle sales are plunging on sluggish domestic demand amid a slowdown in Asia’s fourth-largest economy.Local s...

South Korea’s economic system remains resilient: finance minister

The South Korean economy is solid, and the government will take “bold and swift’’ actions if needed to stabilize Asia’s four...

S.Korea's Yoon survives impeachment; economic fundamentals firm

South Korean President Yoon Suk Yeol survived an impeachment vote against him after an overwhelming majority of governing party lawmakers boycotted ...

Korean economic policy chiefs play down martial law impact

South Korea’s Finance Minister Choi Sang-mok said on Friday that President Yoon Suk Yeol’s failed martial law attempt will have a very l...

Salesforce outage disrupts businesses across Asia Pacific

Salesforce Inc., the world’s top customer relationship management (CRM) platform, is grappling with a major service outage affecting more than...

State-run think tank KDI slashes GDP forecast, urges BOK to cut rates

The Korea Development Institute (KDI), South Korea’s state-run think tank, has slashed its forecasts for the country’s economic growth f...

LG Uplus unveils content review platform 1Row

South Korea's LG Uplus Corp. said on Wednesday it launched 1Row, a content review platform for movies and dramasUsers can access cast and director i...