Saudi Crown Prince bin Salman courts Korean AI startups as Riyadh, Abu Dhabi vie to build tech hubs

Saudi Crown Prince bin Salman courts Korean AI startups as Riyadh, Abu Dhabi vie to build tech hubs

Back in the 1960s and 1970s, the Middle East was a land of opportunity for many South Korean construction workers, who labored there under the scorc...

Lee names nominees for prime minister, spy agency chief, other key posts

Lee names nominees for prime minister, spy agency chief, other key posts

South Korean President Lee Jae-myung on Wednesday unveiled his nominees for major government posts, including prime minister and spy agency chief, i...

Lee Jae-myung vows to end politics of division, seek pragmatic diplomacy

Lee Jae-myung vows to end politics of division, seek pragmatic diplomacy

Lee Jae-myung was formally sworn in as South Korea’s new president on Wednesday, pledging to unite a divided nation, revitalize the economy an...

Hanwha Ocean to team up with Polish shipyards for Navy project bid

Hanwha Ocean to team up with Polish shipyards for Navy project bid

Hanwha Ocean Co. is ramping up efforts to win Poland's highly competitive next-generation submarine project, worth around 3 trillion won ($2.2 billi...

Hanwha Ocean shares sink after KDB's sale of 4.2% stake

Hanwha Ocean shares sink after KDB's sale of 4.2% stake

Investors rushed to dump Hanwha Ocean Co. shares early Tuesday after its second-largest shareholder, Korea Development Bank, cashed in on a 4.2% sta...

Korean hotels bask in rising foreign visitors; travel agencies in trouble

Korean hotels bask in rising foreign visitors; travel agencies in trouble

Hotels in South Korea are booming thanks to a surge in foreign visitors on a weaker won currency, while domestic travel agencies are suffering from ...

Meritz drops bid for troubled MG Non-Life Insurance; Liquidation looms

Meritz drops bid for troubled MG Non-Life Insurance; Liquidation looms

Meritz Financial Group Inc., South Korea’s second-most valuable financial holding firm, has dropped its bid to acquire financial distressed MG...

MBK Partners under Korean tax agency scrutiny

MBK Partners under Korean tax agency scrutiny

MBK Partners, a leading North Asia-focused private equity firm, has come under a probe by South Korea’s National Tax Service (NTS) amid the br...

S.Korea’s pension fund NPS posts record return in 2024 on US stock rally

S.Korea’s pension fund NPS posts record return in 2024 on US stock rally

The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, said on ...

South Korea welcomes more babies after downward birth rate spiral

South Korea welcomes more babies after downward birth rate spiral

South Korea’s fertility rate bounced back last year for the first time in nearly a decade following a surge in marriages, raising hopes for a ...

Hyundai, Samsung deepen ties to win humanoid race

Hyundai, Samsung deepen ties to win humanoid race

South Korea’s household technology and automotive names Samsung and Hyundai have reinforced their alliance to capture the global humanoid robo...

South Korean state think tank cuts 2025 growth forecast, flags US tariff risk

South Korean state think tank cuts 2025 growth forecast, flags US tariff risk

South Korea’s state-run think tank has cut its growth forecast for the country this year, citing President Donald Trump’s trad...

Seoul Guarantee Insurance sharply cuts IPO valuation

Seoul Guarantee Insurance sharply cuts IPO valuation

Seoul Guarantee Insurance Co. (SGI) has slashed its target valuation by about 40% in a renewed attempt to go public on the South Korean stock exchan...

Samsung Electro-Mechanics to produce all-solid-state batteries in 2026

 Samsung Electro-Mechanics to produce all-solid-state batteries in 2026

LAS VEGAS – Samsung Electro-Mechanics Co. will unveil a sample of an ultra-compact all-solid-state battery within the year for mass production...

NPS initiates strategic currency hedging to unleash up to $48.2 billion

NPS initiates strategic currency hedging to unleash up to $48.2 billion

The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, is set to beg...

Hyundai, Kia EVs qualify for US subsidies for first time

Hyundai, Kia EVs qualify for US subsidies for first time

Five electric vehicle models from Hyundai Motor Group, encompassing Kia Corp., were included in the 25 EV models qualifying for US tax credits in 20...

Hahn & Co. buys SK Enpulse’s chip wafer polishing pad business

Hahn & Co. buys SK Enpulse’s chip wafer polishing pad business

Seoul-based private equity firm Hahn & Co. has agreed to buy the chemical mechanical polishing (CMP) pads manufacturing division of SK Enpulse C...

NPS to invest record $1.4 billion in Korean property market in 2025

NPS to invest record $1.4 billion in Korean property market in 2025

South Korea’s National Pension Service (NPS) plans to invest 2 trillion won ($1.4 billion) in the domestic real estate market next year to gai...

S.Korean game firms invest in Poland

S.Korean game firms invest in Poland

South Korean game developers and publishers focus on investment in Poland. NCSoft Corp. said on Wednesday it signed a new intellectual property...

NPS incurs $500 million in missed gains due to improper forex hedging

NPS incurs $500 million in missed gains due to improper forex hedging

The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, has likely in...

STX to export $60 mn wheeled armored vehicles to Peru

STX to export $60 mn wheeled armored vehicles to Peru

STX Corp., a South Korean general trading company, said on Monday it signed a contract with  Fábrica de Armas y Municiones del Ejé...

Hanwha Ocean, Babcock to team up for submarine exports

Hanwha Ocean, Babcock to team up for submarine exports

South Korea's Hanwha Ocean Co. said on Friday it signed a strategic partnership with the UK-based global defense industry giant Babcock Internationa...

HD Hyundai Heavy delivers Aegis destroyer to S.Korean Navy

HD Hyundai Heavy delivers Aegis destroyer to S.Korean Navy

South Korea's HD Hyundai Heavy Industries Co. completed and delivered Jeongjo the Great, one of the world's top-tier Aegis destroyers, to the South ...

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

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...

Volpara to supply breast cancer SW to US Defense Health Agency

Volpara to supply breast cancer SW to US Defense Health Agency

Lunit, a South Korean cancer diagnostics AI company, said on Monday its US subsidiary Volpara Health secured a 10 billion won ($7.5 million) contr...

Hyundai, Kia gets triple A credit rating from S.Korean agencies

Hyundai, Kia gets triple A credit rating from S.Korean agencies

Hyundai Motor Co. and Kia Corp. said on Monday they received AAA ratings, with Stable outlooks for both companies, from Korea Ratings Corp., Nice In...

North Korean Troops Train in Russia as Moscow Deepens War Coalition

North Korean Troops Train in Russia as Moscow Deepens War Coalition

North Korea has sent hundreds of special forces to eastern Russia for training in recent weeks, according to South Korea’s main intelligence a...

S.Korea signs MOU on Philippine nuclear safety checks, eyes plant deals

S.Korea signs MOU on Philippine nuclear safety checks, eyes plant deals

MANILA – South Korea on Monday signed an initial agreement with the Philippines to conduct a safety check on a nuclear power plant before a re...

Hyundai to develop unmanned robot for EV fire suppression

Hyundai to develop unmanned robot for EV fire suppression

Hyundai Motor Group said on Thursday that it plans to jointly develop the unmanned firefighting robot vehicle with the South Korean National Fire Ag...

Korail to join Manila railway maintenance project

Korail to join Manila railway maintenance project

South Korea's state-run railway company Korea Railroad Corporation (Korail) said on Monday that it participates in the operation and maintenance (O&...

Kakao Pay backs out of acquisition deal for SSG Pay, Smile Pay Hanwha in talks to buy five-star hotel Paraspara Seoul Kia's Lego-like PV5 with 16 variants to hit market in July Stray Kids make K-pop history with landmark stadium show in Germany S.Korea’s most prominent business leader returns with all charges cleared