LG links up with Chinese rivals for budget appliance supremacy
LG Electronics Inc. has turned its rivals into allies in an unlikely pact to win the budget appliance war and ward off Chinese competitors rapidly e...
Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet
South Korea’s Hyundai Glovis Co. is poised to become the world’s first shipping company to deploy artificial intelligence-based autonomo...
South Korean airlines bank on China routes for profit recovery
South Korean airlines are ramping up international routes, particularly to China, Japan and Southeast Asian countries, in a bid to boost profitabili...
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...
S.Korea names budget veteran as finance minister to prop up economy
South Korean President Lee Jae-myung on Sunday appointed Koo Yoon-cheol, former head of the budget office, as finance minister as the government is ...
South Korea unveils $14.6 billion 2nd extra budget to spur growth
South Korea’s new administration on Thursday proposed an additional 20.2 trillion won ($14.6 billion) extra government spending to stimulate d...
BOK chief warns against aggressive policy rate cuts, sees need for stimulus
Bank of Korea Governor Rhee Chang-yong on Thursday signaled a cautious approach to monetary easing, warning that excessive interest rate cuts could ...
Markets in honeymoon with Lee: Kospi, won rally; bond yields spike
South Korea’s financial markets showed strong gains on Thursday, with shares surging to an 11-month high and the won hitting a seven-month hig...
Korean Air, Delta to buy 25% stake in Canada’s WestJet for $550 million
Korean Air Lines Co., South Korea’s largest full-service carrier, and its joint venture partner Delta Air Lines Inc. will acquire a 25% stake ...
HD KSOE secures $1.8 bn in container ship orders
HD Korea Shipbuilding & Offshore Engineering Co. (KSOE) secured orders for 22 container ships worth a total of 2.54 trillion won ($1.8 billion) ...
Kakao shares sink on SK Telecom’s stake sell-off news
Kakao Corp. shares underperformed its peers and the broad market on Friday after SK Telecom Co. sold off its entire stake in the South Korean platfo...
Hyundai to launch 42 new cars to cope with Trump tariffs, EV slowdown
Hyundai Motor Group, the world’s third-largest automaker, plans to unveil 42 new models, including hybrids of existing cars, next year to cope...
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...
South Korea to boost aid for chipmakers to $23 billion, expanding extra budget
South Korea’s government is planning to increase support for chip makers to around $23 billion, proposing a bigger-than-expected supplementary...
LG Electronics set for early-May Indian stock market debut
LG Electronics Inc. is set to list its wholly owned subsidiary in India on the country's stock exchange in early May, aiming to raise up to $1.5 bil...
Korean Air changes badge before full integration with Asiana Airlines
Korean Air Lines Co., South Korea’s largest full-service carrier, has undergone a major makeover of its corporate identity (CI) for the first ...
Korea, US to expand cooperation in shipbuilding sector
WASHINGTON -- South Korea and the US plan to set up a working group to expand their cooperation in the shipbuilding industry from warships to commer...
Sono Hospitality becomes new owner of Korean budget carrier T’way Air
South Korea’s top resort operator Sono Hospitality Group has emerged as the new owner of budget carrier T’way Air Co. by acquiring ...
Samsung Heavy wins $264 mn order for LNGC
South Korea’s shipbuilder Samsung Heavy Industries said on Monday it won 379.6 billion won ($264 million) for one unit of liquefied natural ...
Korea sharply cuts 2025 growth forecast, opens door for extra budget
South Korea sharply lowered its economic growth forecast for this year amid the prolonged political turmoil following President Yoon Suk Yeol’...
SK Telecom invests $3 mn in AI-powered video analysis startup Twelve Labs
South Korea’s top mobile carrier SK Telecom Co. said on Friday it will invest $3 million in Twelve Labs Inc., a Korean AI-powered video analys...
Asiana Airlines joins Korean Air as subsidiary
Asiana Airlines Inc., one of South Korea’s only two full-service carriers, has passed into history after 36 years of operation to be placed un...
Opposition-controlled Korean Parliament passes slashed $470 bn budget
South Korea's opposition-controlled National Assembly on Tuesday passed a government budget bill for 2025, slashed from the government's proposal am...
Korean Air-Asiana merger to spur M&A among budget carriers
Korean Air Lines Co.'s anticipated acquisition of Asiana Airlines Inc. is expected to spur domestic budget carriers to seek mergers, with the two do...
Korean Air gets EU approval for Asiana merger
The European Commission (EC), the European Union (EU) antitrust body, approved the merger between Korean Air Lines Co. and Asiana Airlines Inc. on N...
Hanwha Ocean wins $51.2 mn deal for two LNG carriers
Hanwha Ocean Co., South Korea’s third-largest shipbuilder, secured a new contract to build two LNG carriers, making it the domestic shipyard w...
SK Telecom unveils AI personal agent Aster for global users
SK Telecom Co. on Tuesday unveiled an AI-driven personal assistant Aster (A*) that understands users' intentions and goes beyond answering simple qu...
Hyundai Glovis introduces EV drill lance on car carriers
South Korea's Hyundai Glovis Co. said on Thursday that it will introduce a special fire suppression tool, the EV (Electric Vehicle) - Drill Lance, f...
Hyundai Movex to lead S. Korea’s unmanned robot project
South Korea’s Hyundai Movex Co. was selected to lead the design of a high-precision large autonomous mobile robot (AMR) platform and integra...
Jin Air to expand SE Asia, Oceania routes
South Korea's budget carrier Jin Air said on Friday that it will resume and expand its international flights for the upcoming winter season, focus...
