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...
Hyundai, Kia production may be disrupted by subsidiary labor strike
Hyundai Motor Co. and Kia Corp., South Korea’s two largest carmakers, are likely to face disruptions in local production as their auto parts s...
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...
SK Enmove gets gold rating of EcoVadis ESG evaluation
South Korea’s lube oil maker SK Enmove Co., Korea’s top oil refiner SK Innovation Co.'s subsidiary, said on Thursday it received a Gold ...
GM Korea’s 2024 sales growth likely stunted due to protracted labor strike
GM Korea Co., the South Korean unit of US auto giant General Motors Co., faces growing disruptions to its vehicle production amid a protracted labor...
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 ...
Overseas projects boost Korean builders’ earnings; GS profit cut in half
Large-scale overseas construction projects boosted major Korean builders’ quarterly results while lackluster domestic construction work, coupl...
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...
China exodus to elevate Korea to Asia hub: AmCham chief
South Korea has outstripped Hong Kong and Shanghai as a preferred Asia-Pacific headquarters destination for global companies, trailing only Singapor...
Korea business lobby group eyes tax reform in new parliament
The Korea Enterprises Federation will reinforce efforts to win lawmakers’ nod to its long-desired campaign to slash corporate taxes and inheri...
Labor reform urged in Korea with higher wages than Japan
Wages at South Korean companies, both large and small, have surpassed those of their Japanese counterparts.According to a report on wage comparisons...
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...
Samsung affiliate labor unions tie up amid dim outlook
Samsung Group affiliates’ unionized workers on Monday launched a joint organization to improve their bargaining power in terms of wages and we...
Samsung C&T, Hyundai E&C see higher profits in 2023 on overseas projects
Samsung C&T Corp.'s construction unit and Hyundai Engineering & Construction Co. stood out with increased profits last year on overseas proj...
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...
S.Korea’s labor gains slow in November with fewer jobs for young people
South Korea’s nonfarm payroll growth slowed in November after the country with the world’s lowest fertility rate marked its 13th straigh...
Cho Yang-rai to fight back in MBK Partners’ bid to acquire Hankook Tire
Cho Yang-rai, honorary chairman of Hankook & Company Co., has vowed to fight MBK Partners Ltd.’s bid to take over the holding company of S...
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...
Five most common frustrations of Korean entrepreneurs
A South Korean company recently gave up on its plan to venture into the burgeoning robot market.Fair-trade regulations that prohibit the creation of...
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...
Costco Korea under heavy scrutiny over cart pusher’s death
Costco has come under heavy scrutiny after a 29-year-old cart pusher at one of its outlets near Seoul died after working in scorching heat in June, ...
Shrinking youth jobs cast shadow over S.Korea’s labor market
Employment in South Korea extended its growth streak in June but its gains slowed for the third straight month, with youth jobs declining for eight ...
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...
