Hyundai Steel to displace Baoshan as GM Korea's supplier
Hyundai Steel Co. is poised to displace Baoshan Iron & Steel Co. as a key supplier to GM Korea Co., a unit of General Motors Co., as the US carm...
S.Korea's crypto market doubles to $77.5 bn with 20% of population trading
South Korea’s cryptocurrency market surged to nearly 108 trillion won ($77.5 billion) in the second half of last year, fueled by growing retai...
POSCO Future M to make spherical graphite as it cuts dependence on China
POSCO Future M Co., South Korea’s leading battery materials maker, is set to manufacture spherical graphite – a critical material for ba...
S.Korea's BBQ enters world's most populous market, India
Genesis BBQ Group, the operator of a popular South Korean fried chicken brand, is expanding its market to South Asia by entering India, the world&rs...
Shinhan Card tops S.Korea's EPG ranking for financial institutions
South Korea's Shinhan Card said on Monday it was ranked as the leading company in the domestic financial sector in an environment, population, and g...
Filipino caregivers come to Korea amid demographic crisis
Some 100 certified caregivers from the Philippines will come to South Korea in August to work as domestic helpers in a country struggling with the...
Hyundai Motor to set up software R&D center in Silicon Valley
Hyundai Motor Group, the world’s third-largest carmaker, is set to establish a software research center in Silicon Valley as software is becom...
LG Electronics unveils UltraGear OLED gaming monitors
LG Electronics Inc. announced on Monday that it unveiled LG UltraGear gaming monitors that can switch resolution and refresh rate according to conte...
Hanmi Science-OCI merger may gain traction with NPS' support
The merger of South Korea’s pharmaceutical holding firm Hanmi Science Co. and chemicals giant OCI Holdings Co. is likely to gain momentum as N...
Korea needs population growth for sustainability: World Bank chief
World Bank President Ajay Banga said on Thursday that South Korea needs to boost population growth by easing the fierce competition in education and...
S.Korean newly married couples’ birth rate at record low
South Korea’s fertility rate among newly married couples, who account for most of the country’s newborns, hit a trough last year, adding...
S.Korea to add India, Lithuania to list of nations eligible for E-9 visa
South Korea plans to allow non-professional workers from India and Lithuania to apply for the E-9 visa as the country struggles with a shrinking wor...
Samyang Foods launches TomYum Buldak Ramen in US
South Korea's Samyang Foods Co. announced on Friday it began to release the new export-exclusive product of Hot Chicken Flavor Ramen, or Buldak Rame...
Red ginseng proven to treat drug addiction: Research
It has been revealed that red ginseng significantly improves drug addiction and withdrawal symptoms caused by substance abuse. The research results ...
K-pop without ‘K’ nurtured to evolve into global mainstream
Bang Si-hyuk, founder and chairman of South Korea’s entertainment powerhouse HYBE Co., has been leading a global girl group audition program i...
Korea’s heavy dependence on China for raw materials deepens
While the urea crisis in 2021 laid bare South Korea’s heavy dependence on China for basic raw materials, concerns are growing that Korea&rsquo...
India, LG’s land of promise with young, rich population
NOIDA, India -- LG Electronics Inc., the leading global home appliance maker, plans to build a new electronics plant in India to cement its dominant...
Hanwha Life sees cumulative profit in 15 years in Vietnam
Hanwha Life Insurance Co.’s Vietnamese subsidiary has reported a cumulative profit in 15 years, marking the first South Korean insurers’...
1% reduction in working-age population reduces GDP by 0.59%: report
A study has revealed that a decrease in the working-age population due to low birth rates and an aging population, coupled with an increase in the d...
S.Korea's elderly population to exceed 10 million in 2024
The number of people in South Korea aged 65 or over next year is expected to break 10 million, with the country to enter an era in which 20% of the ...
S.Korea's ETRI creates software for faster 5G using small cells
The Electronics and Telecommunications Research Institute (ETRI), a non-profit government-funded research institute in South Korea, said on Tuesday ...
Hyundai Motor Group ranks first in US vehicle dependability study
Hyundai Motor Group has once again topped the U.S. Vehicle Dependability Study (VDS) conducted by J.D. Power, ranking first among 16 global automoti...
MBK to buy Japanese nursing home and care service for $300 mn
MBK Partners, the largest private equity firm in Northeast Asia, is set to acquire Japanese senior nursing care service company Unimat Retirement Co...
Inventage Lab launches clinical trials for addiction treatment in Australia
South Korea's Inventage Lab, a developer of a drug delivery system platform, on Wednesday said it received approval from the Human Research Ethics C...
Hyosung Chemical fails to sell any bonds in demand forecast
South Korea's Hyosung Chemical has failed to receive a single purchase order in its demand forecast for corporate bond issuance.Investment banking s...
Hyundai to consider EV assembly plant in Saudi Arabia
Hyundai Motor Group, South Korea’s top automaker, plans to consider building an assembly plant for electric vehicles and internal combustion e...
Whisky imports up 62%, projected to be popular next year and beyond
As whisky became more popular in Korea, the amount of whisky imported for 10 months until October this year increased about 62% compared to the same...
South Korea's total fertility rate falls under 0.8 in 3rd quarter
South Korea's birth rate in the third quarter this year set another all-time low of under 0.8, and the national population consequently declined f...
Math app Qanda enjoys surge in popularity with 74 mn subscribers
The number of subscribers to the mathematics education app Qanda exceeded 74 million as of earlier this month. It is rare for an app developed ...
Superpowers without dignity as China-US tensions grow
“The greatest danger that can befall us in coping with this problem of Soviet Communism is that we allow ourselves to become like those with w...
