Hyundai Motor’s high-stakes gambit in US: Cut vehicle prices as rivals hike theirs

Hyundai Motor’s high-stakes gambit in US: Cut vehicle prices as rivals hike theirs

As global automakers raise prices in the US market to respond to new Washington import tariffs, South Korea’s Hyundai Motor Group is taking th...

KakaoBank rallies after winning Thai virtual banking license

KakaoBank rallies after winning Thai virtual banking license

Shares in KakaoBank Corp. soared as much as 17% to hit their highest level in nearly three years on Friday after the South Korean internet-only bank...

S.Korea imports Canadian oil for 1st time under Trump's 2nd term

S.Korea imports Canadian oil for 1st time under Trump's 2nd term

South Korea has imported crude oil from Canada for the first time amid escalating tariff tensions between the US and Canada since Donald Trump's ret...

South Korea’s Rznomics inks $1.3 bn out-licensing deal with Eli Lilly

South Korea’s Rznomics inks $1.3 bn out-licensing deal with Eli Lilly

Rznomics Inc., a South Korean RNA therapeutics developer, has signed an agreement worth more than $1.3 billion with US pharmaceutical giant Eli Lill...

KakaoBank posts record Q1 profit, eyes Thai expansion after Indonesia

KakaoBank posts record Q1 profit, eyes Thai expansion after Indonesia

KakaoBank Corp., a leading South Korean internet-only bank, posted its highest quarterly profit in the first quarter, defying a drop in interest inc...

South Korea asks US for tailored approach to chip tariffs

South Korea asks US for tailored approach to chip tariffs

South Korea has officially requested that the US take a distinct approach in its ongoing probe into foreign semiconductor technology and related dow...

BMW surpasses Mercedes in Korean sales for 1st time in 10 years

BMW surpasses Mercedes in Korean sales for 1st time in 10 years

The top five imported car brands in South Korea underwent a major shake-up last year. BMW overtook Mercedes-Benz in sales for the first time in a de...

Hyundai chief Chung, GM CEO Barra to meet September in Detroit

Hyundai chief Chung, GM CEO Barra to meet September in Detroit

Hyundai Motor Group Executive Chairman Chung Euisun and General Motors Co. Chair and Chief Executive Mary Barra are slated to meet in September in D...

ABL Bio lands $2.8 billion license-out deal with GSK

ABL Bio lands $2.8 billion license-out deal with GSK

ABL Bio Inc., a South Korean biotech company, will license out its proprietary blood-brain barrier shuttle platform, called the Grabody-B, to UK-bas...

MBK Special Situations relinquishes Korean investment advisory license

MBK Special Situations relinquishes Korean investment advisory license

MBK Partners Special Situations (MBKP SS), which operates the Seoul-based private equity firm’s credit situations funds, has voluntarily relin...

POSCO to sell entire stake in Nippon Steel, ending equity ties

POSCO to sell entire stake in Nippon Steel, ending equity ties

POSCO Holdings Inc. has decided to sell its entire stake in Nippon Steel Corp., according to industry sources on Wednesday, marking the end of their...

Korea sees record February auto exports before looming Trump tariffs

Korea sees record February auto exports before looming Trump tariffs

South Korea enjoyed record February auto exports on strong demand in the US ahead of its looming tariffs, the government said on Tuesday, while the ...

Hyundai, Kia ready to ramp up EV output in Europe, US

Hyundai, Kia ready to ramp up EV output in Europe, US

South Korea’s top two automakers Hyundai Motor Co. and Kia Corp. are expected to ramp up electric vehicle production in Europe and the US to b...

Dongkuk to file anti-dumping petition vs Chinese color steel imports

Dongkuk to file anti-dumping petition vs Chinese color steel imports

Dongkuk Coated Metal Co. and SeAh Steel Corp. are set to file an anti-dumping complaint against Chinese rivals in March as the country plans to impo...

Korea to probe Chinese, Japanese steel imports over anti-dumping claims

Korea to probe Chinese, Japanese steel imports over anti-dumping claims

South Korea is set to launch an anti-dumping investigation into hot-rolled steel imports from China and Japan, according to government and industry ...

South Korean oil refiners to jointly build SAF plant

South Korean oil refiners to jointly build SAF plant

South Korea’s four major oil refining companies will jointly build a sustainable aviation fuel (SAF) plant in the country, for which the gover...

SK Biopharmaceuticals, Eurofarma to set up AI epilepsy platform JV in US

SK Biopharmaceuticals, Eurofarma to set up AI epilepsy platform JV in US

South Korea’s SK Biopharmaceuticals Co. has signed a deal with Brazil’s Eurofarma Laboratórios S.A. to establish a joint venture ...

South Korea’s steel imports from China at 7-year high

South Korea’s steel imports from China at 7-year high

South Korea’s imports of steel products from China climbed to their highest level in seven years despite a decrease in its total steel imports...

Political crisis ups downside risk to S.Korea’s economy: S&P, Moody’s

Political crisis ups downside risk to S.Korea’s economy: S&P, Moody’s

Global credit rating agencies are warning of looming downward pressure on South Korea’s sovereign credit rating about a month after Asia&rsquo...

BMW retains throne in South Korea’s imported car market

BMW retains throne in South Korea’s imported car market

German luxury carmaker BMW claimed the mantle of top imported car brand in South Korea for a second consecutive year in 2024, beating out rival Merc...

Korean cosmetics beat Chanel, Lancôme to rank top in US, Japan

Korean cosmetics beat Chanel, Lancôme to rank top in US, Japan

South Korea’s cosmetics products, also known as K-beauty, have gained global renown, overtaking French brands such as Chanel and Lancôme...

India to acquire 100 units of Hanwha Aerospace’s K9 howitzers via L&T

India to acquire 100 units of Hanwha Aerospace’s K9 howitzers via L&T

India will acquire 100 units of the K9 self-propelled howitzers developed by South Korea’s Hanwha Aerospace Co. from Larsen & Toubro (L&am...

Fried chicken chain bhc to enter Indonesia in 2025

Fried chicken chain bhc to enter Indonesia in 2025

South Korea’s fried chicken brand bhc Group said on Tuesday it signed a master license agreement with Indonesia's Nachindo Group to enter the ...

POSCO Future M develops technology to make electrode rods

POSCO Future M develops technology to make electrode rods

POSCO Future M Co., a battery material and steel manufacturing equipment supplier, said on Thursday it has developed electrode rod manufacturing tec...

BTS Jin to enter liquor business

BTS Jin to enter liquor business

BTS Jin plans to enter Korean traditional liquor business with Baek Jong-won, founder and CEO of The Born Korea Co., the entertainment industry sour...

Korea mulls raising US oil imports to cope with Trump trade policies

Korea mulls raising US oil imports to cope with Trump trade policies

South Korea, the world’s fourth-largest oil importer, is considering increasing US oil imports to ease potential pressure from President-elect...

POSCO shutters wire rod mill in Korea on supply glut

POSCO shutters wire rod mill in Korea on supply glut

POSCO, the world’s seventh-largest steelmaker, said on Tuesday it has shut down a wire rod mill in South Korea as rising exports from China ha...

Korean duty-free shops post Q3 losses; no signs of recovery

Korean duty-free shops post Q3 losses; no signs of recovery

The four major duty-free shop operators in South Korea on Thursday posted operating losses in the third quarter, marking the first quarter in almo...

Toss Securities names Richard Hagen as CEO of TSAF

Toss Securities names Richard Hagen as CEO of TSAF

South Korea's Toss Securities said on Tuesday that it has appointed Richard J. Hagen as CEO of its US subsidiary, TSA Financial LLC (TSAF), and plan...

Hyundai Motor Group to develop tech to cut Chinese precursor imports

Hyundai Motor Group to develop tech to cut Chinese precursor imports

Hyundai Motor Group, the world’s third-largest carmaker, has started developing electric vehicle battery technology to cut costs and reduce th...

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