S.Korea to have 1st civilian defense minister in decades, career technocrats

S.Korea to have 1st civilian defense minister in decades, career technocrats

South Korean President Lee Jae-myung on Monday announced a sweeping Cabinet reshuffle, naming a mix of career technocrats, senior lawmakers and &mda...

Korea's science ministry picks 10 AI, digital startups to back global growth

Korea's science ministry picks 10 AI, digital startups to back global growth

South Korea’s Ministry of Science and ICT on Thursday announced that it has selected 10 startups founded by Koreans in a program to support th...

S.Korea courts active funds for $140 bn treasury issuance

S.Korea courts active funds for $140 bn treasury issuance

South Korea’s finance ministry will hold its largest-ever investor relations (IR) event for global institutional investors at the end of this ...

Korean tractor maker Daedong ends two-decade partnership with Deere

Korean tractor maker Daedong ends two-decade partnership with Deere

Daedong Corp., South Korea’s leading tractor and farm machinery maker, has ended its two-decade-long partnership with Deere & Co., the wor...

South Korea’s economic system remains resilient: finance minister

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...

Asan Nanum to offer Silicon Valley residence to Korean startups

Asan Nanum to offer Silicon Valley residence to Korean startups

The Asan Nanum Foundation, a South Korean startup accelerator program operator, said on Thursday it will open a residency space for Korean venture f...

Daedong opens autonomous robot subsidiary Daedong Robotics

Daedong opens autonomous robot subsidiary Daedong Robotics

Daedong Group, South Korea's leading agricultural machinery manufacturer, said on Monday it established Daedong Robotics, an intelligent autonomous ...

Korea’s finance min, central bank chief to take on demographic crisis

Korea’s finance min, central bank chief to take on demographic crisis

South Korea’s finance minister and central bank chief on Monday agreed to address the world’s lowest fertility rate, a most urgent task ...

Korea to launch regular K-content festival in June

Korea to launch regular K-content festival in June

South Korea plans to host a regular event showcasing its cultural products such as K-pop and foods in June of next year with the goal of making the ...

Orion to collaborate with Vietnam on potato seed

Orion to collaborate with Vietnam on potato seed

South Korea’s Orion Corp. announced on Monday that it is strengthening its collaboration with the Institute of Agro-Biology, the Vietnam Natio...

Sovereign wealth fund KIC shortlists three CEO candidates

Sovereign wealth fund KIC shortlists three CEO candidates

South Korean sovereign wealth fund Korea Investment Corporation (KIC) has shortlisted three candidates as the next chief executive officer, who will...

Korea FX authorities, NPS raise currency swap limit to $50 bn

Korea FX authorities, NPS raise currency swap limit to $50 bn

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said on Friday it has agreed with foreign exchange...

SK Leaveo to start fertilizer coating with biodegradable materials

SK Leaveo to start fertilizer coating with biodegradable materials

South Korea's SK Leaveo, a subsidiary of SKC Ltd. specializing in biodegradable materials, will enter the fertilizer coating market that uses polybu...

Celltrion to deliver three treatments to Peru

Celltrion to deliver three treatments to Peru

South Korea’s Celltrion Inc. announced on Thursday that it will supply three treatments, including its blood cancer drug Truxima (rituximab) t...

Hanwha, Saudi gov't to cooperate in defense industry

Hanwha, Saudi gov't to cooperate in defense industry

Hanwha Aerospace Co. and Hanwha Systems Co. announced on Tuesday that they signed a three-party memorandum of understanding (MOU) for defense cooper...

Orion, VNUA to team up for potato production

Orion, VNUA to team up for potato production

South Korea’s confectionery and snack maker Orion Corp. announced on Friday that it signed a strategic partnership agreement with the Institut...

Korea’s consumer inflation reaches 3.6% in 2023 on high utilities

Korea’s consumer inflation reaches 3.6% in 2023 on high utilities

South Korea’s consumer prices rose 3.6% this year, driven by the biggest jump in utility bills since 2010 and high inflation in agricultural p...

Daedong partners with POSCO to build first robot for steel mills

Daedong partners with POSCO to build first robot for steel mills

Daedong Corp., South Korea’s leading tractor and farm machinery maker, said on Thursday it has teamed up with POSCO Holdings Inc., the parent ...

CJ Freshway to boost smart farming business

CJ Freshway to boost smart farming business

South Korea’s CJ Freshway Corp. announced on Monday that it will launch a smart farm contract cultivation business in 2024. South Korea's...

LS Mtron partners with global agricultural giant CNHi

LS Mtron partners with global agricultural giant CNHi

LS Mtron, the heavy machinery and advanced parts-making unit of South Korea's LS Group said on Tuesday it signed a memorandum of understanding (MOU)...

Daedong unveils self-running combine harvester

Daedong unveils self-running combine harvester

South Korea's leading agricultural machinery maker Daedong Corp. has released the nation’s first combine harvester, a machine that cuts and th...

Korea taps Greyhound Capital, Headline Asia as venture fund managers

Korea taps Greyhound Capital, Headline Asia as venture fund managers

South Korean Ministry of SMEs and Startups announced the results of selecting global fund management companies for the year 2023 on Monday. The chos...

S.Korea to fully open gov't R&D projects to foreign researchers

S.Korea to fully open gov't R&D projects to foreign researchers

South Korea's Ministry of Trade, Industry and Energy on Wednesday said it will allocate 5 trillion won ($3.8 billion) of its R&D budget for exce...

S.Korea files to revoke PCA ruling in favor of Elliott

S.Korea files to revoke PCA ruling in favor of Elliott

South Korea has decided to challenge an international arbitration tribunal’s decision a month ago ordering the Korean government to compensate...

Corentec enters Japanese artificial joint market

Corentec enters Japanese artificial joint market

Corentec Co., a South Korean company that develops artificial joints and spinal implants, is making a full-fledged entry into the Japanese market. T...

S.Korean gov't, L'Oréal to jointly support beauty tech startups

S.Korean gov't, L'Oréal to jointly support beauty tech startups

South Korean Ministry of SMEs and Startups has joined forces with the L'Oréal Group to provide support for beauty tech startups.During the Vi...

Hyundai to supply 1,300 hydrogen buses in Seoul by 2026

Hyundai to supply 1,300 hydrogen buses in Seoul by 2026

Hyundai Motor Co., along with South Korean Ministry of Environment, the Seoul Metropolitan Government, SK E&S and Tmap Mobility, signed a memora...

Doosan Bobcat invests in US-based agtech company

Doosan Bobcat invests in US-based agtech company

Doosan Bobcat, the construction and agricultural machine making affiliate of South Korea’s Doosan Group, has announced on Wednesday a str...

S.Korea's trade deficit hits 15th straight month

S.Korea's trade deficit hits 15th straight month

South Korea last month suffered its 15th straight month of trade deficit, its longest streak since the 1997-98 Asian financial crisis, due to the de...

S.Korea mulls adding national pension benefits to raise birth rate

S.Korea mulls adding national pension benefits to raise birth rate

South Korea's Ministry of Health and Welfare is considering adding national pension benefits for married couples to raise the ever-declining birth r...

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