S.Korea’s power transformer exports soar as global supply shortage bites
South Korean power equipment makers are riding a wave of export growth, with their transformers in high demand amid a global rush to reinforce power...
Used SUVs pricier than new ones? Yes, in South Korea thanks to Russia
Prices of certain used sport utility vehicles in South Korea are defying the broader economic slowdown, with used models like Hyundai Motor Co.'s Pa...
Chip winter looming? Micron, Samsung give opposite views
Micron Technology Inc. on Wednesday delivered stronger-than-expected quarterly results and gave a bullish outlook for the current quarter, shrugging...
Southeast Asia, Korea Inc’s new IT outsourcing powerhouse
PHNOM PENH – South Korean technology companies grappling with prolonged software developer shortages are actively broadening their search for ...
Bio startup ArtBlood attracts $4.8 mn investment
South Korean bio startup ArtBlood, specializing in blood production for transfusion, announced on Tuesday that it successfully secured an investment...
Money pours in for technology to reshape Korean restaurants
Investors are betting big on food service technology startups in South Korea as the adoption of self-service systems in the country’s food and...
LG Elec expands workforce to enhance AI cyber security
LG Electronics Inc., the leading global home appliance maker, is actively increasing its workforce to improve artificial intelligence cyber security...
S.Korea to allow hiring of foreign workers in hotels, resorts
The South Korean government said on Friday that it would grant the hiring of foreign workers in hotels and resorts from next year.The hotel and reso...
South Korea to launch $7.6 bn supply chain fund, make urea locally
South Korea plans to set up a supply chain stabilization fund of up to 10 trillion won ($7.6 billion) to effectively cope with sudden supply disrupt...
Saudi Aramco’s $7 bn Korea project mired by labor shortage
Saudi Aramco’s $7 billion petrochemical project in South Korea, in what would be its largest-ever investment in the country, has hit a stumbli...
Hyundai Glovis to raise car shipping rates amid vehicle carrier shortage
Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, plans to raise vehicle shipping rates considering the sharp rise ...
Hyundai Glovis to secure additional 12 car transport vessels by 2025
Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, plans to secure an additional 12 vehicle transport vessels by 202...
S.Korea opens doors wider for skilled foreign workers
South Korea will raise the country’s visa quota for skilled foreign workers by 15 times from the previous level to ease chronic labor shortage...
AI talent shortage poses threat to Korean AI tech development
Since the advent of the AI-powered chatbot sensation ChatGPT, the battle to win AI talent across companies large and small has intensified, threaten...
Korean carmakers' May sales grow for 9th straight month
South Korean carmakers marked sales growth for nine consecutive months as of end-May with the easing of the global semiconductor shortage and rising...
Germany's real estate mezzanine market to shine in 2023: Lenwood Capital
The global real estate market is under significant pressure due to increased interest rates and banks' tighter loan standards in 2023. Commercial re...
AI-driven GPU, advanced chip shortage: Boon for Samsung, SK Hynix
The global chip industry, which has been reeling from elevated inventory levels due to weak demand, is seeing a silver lining: Inventories of advanc...
KKR to buy Namsan Green Building in Seoul for $186.7 million
KKR & Co. Inc. has agreed to buy Namsan Green Building in a central office district in Seoul for an estimated 250 billion won ($186.7 million).T...
Doosan Robotics launches collaborative robot dedicated to F&B
Doosan Robotics, a robot solution subsidiary of South Korea's Doosan Group, announced on Monday the release of its E series collaborative robot, des...
S.Korea's auto industry faces shortage of skilled workers for future cars
South Korea's automobile industry is rapidly transitioning toward the future such as environmentally friendly and smart cars, but the sector is faci...
LG Innotek eyes top spot in FC-BGA substrate market
South Korea’s LG Innotek Co. will boost the production of its flip chip ball grid array (FC-BGA) packages, or high-density package substrates,...
Korea to increase foreign worker quota by 10,000 in 2022
South Korea is set to raise the quota of foreign workers by 10,000 this year to address labor shortage issues in the country’s shipbuilding, m...
Hyundai Motor Group rises to world’s third-largest automaker
South Korea’s largest automaker Hyundai Motor Group ranked third in global car sales in the first half, its highest-ever ranking in terms of v...
Korea suffers from foreign workers shortage in farming
South Korea’s agricultural product prices are expected to increase this year as the agriculture industry is suffering chronic labor shortages....
Samsung Elec. plans unmanned factories on manpower shortage
Samsung Electronics Co., the world’s top memory chipmaker, is seeking unmanned factories in a move that other major South Korean manufacturers...
Supply crisis dwarfs S.Korean display equipment makers
South Korea’s display equipment makers are suffering from the global supply disruption with forced delayed shipments of products to clients, i...
Ex-Samsung exec says Korea chip sector needs more support
South Korea’s semiconductor sector needs more support from the government not only to compete against global rivals backed by their own govern...
Why Korean chipmakers struggle with talent shortages
South Korean President Yoon Suk-yeol on Tuesday lashed out at Vice Education Minister Chang Sang-wan during a cabinet meeting, after Chang pointed t...
HR startups outwit job posting sites for IT workers
The growing trend toward personalized hiring and the rising demand for technology developers are encouraging South Korea’s human resources tec...
Auto shares bounce back with foreigners' net buying
South Korean auto shares are showing some signs of a rebound after a long downtrend since the second half of last year. Foreign investors have ret...
