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...

Korean commercial act revision to drive reevaluation of equities: J.P. Morgan

Korean commercial act revision to drive reevaluation of equities: J.P. Morgan

J.P. Morgan, a leading US investment bank, has thrown its weight behind South Korea’s landmark commercial act revision, saying that the new go...

The wait is over: BTS are back with new album, global tour in spring 2026

The wait is over: BTS are back with new album, global tour in spring 2026

Now the wait is over.BTS are back – as a full-member group after a four-year hiatus.The seven-member boy band is returning with a new album in...

Economic strain drives millennials, Gen Z into collectible craze

Economic strain drives millennials, Gen Z into collectible craze

SHANGHAI – Standing in the rain, lines of people snake along Nanjing Dong Lu, Shanghai’s bustling shopping street, outside a Miniso shop...

MSCI maintains S.Korea’s emerging-market status; level playing field eyed

MSCI maintains S.Korea’s emerging-market status; level playing field eyed

South Korea’s years-long bid for developed-market status has suffered yet another setback after global index provider MSCI Inc. declined to ad...

Hyundai Motor-backed Motional names AI veteran Laura Major as CEO

Hyundai Motor-backed Motional names AI veteran Laura Major as CEO

Motional Inc., the autonomous driving joint venture backed by Hyundai Motor Group, has appointed Laura Major, an artificial intelligence and robotic...

Partners Group sees infrastructure secondaries quadrupling to $60 bn

Partners Group sees infrastructure secondaries quadrupling to $60 bn

Infrastructure secondaries are gaining momentum as the infrastructure sector attracts investors seeking stable and predictable returns amid heighten...

LG to drive future growth in emerging markets with battery prowess

LG to drive future growth in emerging markets with battery prowess

LG Group, South Korea’s fourth-largest conglomerate by assets, should step up its efforts to foster future growth with promising technologies,...

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...

NPS logs 0.87% return from first-quarter investment

NPS logs 0.87% return from first-quarter investment

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

Samsung Biologics drives foreign lead in Korea’s biotech supply chain

Samsung Biologics drives foreign lead in Korea’s biotech supply chain

A surge in orders from Samsung Biologics Co., the world’s largest contract drugmaker, has propelled South Korea to the forefront of global rev...

K-Beauty defies seasonal slump with record $980 mn in April exports

K-Beauty defies seasonal slump with record $980 mn in April exports

The global appetite for Korean beauty products shows no sign of slowing, with their exports in April surging 20% year on year to a record high, ev...

Korea’s pharmaceutical exports set to top $10 bn, led by ‘K-M7’ champions

Korea’s pharmaceutical exports set to top $10 bn, led by ‘K-M7’ champions

South Korea’s pharmaceutical exports are on course to surpass $10 billion this year, underscoring the country’s growing clout in the glo...

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...

Hyundai Motor posts solid Q1; rough road ahead on Trump's auto tariffs

Hyundai Motor posts solid Q1; rough road ahead on Trump's auto tariffs

South Korea’s top automaker Hyundai Motor Co. defied mounting global trade headwinds and a fresh round of US import tariffs to deliver record ...

Korea launches $27 mn fund to invest in K-beauty startups

Korea launches $27 mn fund to invest in K-beauty startups

South Korea’s Ministry of SMEs and Startups on Thursday announced the launch of a 40 billion won ($27 million) fund to invest in Korean beauty...

Global assets drive Korean teachers' fund to 11.1% return in 2024

Global assets drive Korean teachers' fund to 11.1% return in 2024

The Korean Teachers’ Credit Union (KTCU) achieved an 11.1% return on investments in 2024, with overseas portfolios in stocks, infrastructure a...

Hyundai chief Chung Euisun targets software-led car dominance by 2028

Hyundai chief Chung Euisun targets software-led car dominance by 2028

Hyundai Motor Group Chairman Chung Euisun has set an ambitious target to outpace Tesla Inc. in software-defined vehicle (SDV) technology by 2028, un...

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...

Global real estate market poised for strong rebound: Savills

Global real estate market poised for strong rebound: Savills

The global real estate market is expected to pick up significantly over the next few years, with around $500 billion worth of real estate assets, he...

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 ...

Coupang posts profit for 2 straight years in 2024 on new growth drivers

Coupang posts profit for 2 straight years in 2024 on new growth drivers

Coupang Inc., South Korea’s answer to global e-commerce giant Amazon.com, ended last year with profit for the second straight year thanks to t...

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...

Naver founder to return as board chair; 2024 earnings solid

Naver founder to return as board chair; 2024 earnings solid

Lee Hae-jin, the founder of South Korea’s No. 1 internet portal operator Naver Corp., is set to return to the company to lead the board amid t...

LG, SNU team up to develop AI modeling for protein structure predictions

LG, SNU team up to develop AI modeling for protein structure predictions

LG AI Research Institute, the artificial intelligence think-tank of LG Group, South Korea’s fourth-biggest conglomerate, on Thursday signed a ...

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...

SK, Lotte's restructuring to drive Korea's M&A market in 2025

SK, Lotte's restructuring to drive Korea's M&A market in 2025

SK and Lotte groups remain the focus for South Korean dealmakers as the two conglomerates accelerate restructuring by divesting non-core assets, a s...

Neubility, Samsung C&T offer robot delivery service

Neubility, Samsung C&T offer robot delivery service

South Korea's autonomous robot startup Neubility and Samsung C&T Corp. said on Wednesday that they began to offer door-to-door delivery in apa...

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