Chinese e-commerce growth stalls in South Korea

Chinese e-commerce growth stalls in South Korea

Chinese e-commerce players’ rapid expansion into the South Korean online retail market is losing steam as their bang-for-the-buck products hav...

Korea Inc. to face refunding risks with record corporate bond maturities

Korea Inc. to face refunding risks with record corporate bond maturities

South Korean companies are expected to face refunding risks thanks to record corporate bond maturities in the first half of 2025, as fundraising con...

Korea tightens rules on Netflix, Spotify subscription billing

Korea tightens rules on Netflix, Spotify subscription billing

South Korea’s antitrust body is slated to tighten the leash on subscription businesses of streaming service providers such as Netflix Inc. and...

Korea issues $10.75 bn in refund guarantees to shipbuilders

Korea issues $10.75 bn in refund guarantees to shipbuilders

South Korean banks and state-run financial institutions will issue $10.75 billion worth of refund guarantees (RGs) to domestic shipbuilders, which t...

Hyundai unveils aerodynamic tech to increase EV mileage

Hyundai unveils aerodynamic tech to increase EV mileage

Hyundai Motor Group on Tuesday unveiled an aerodynamic technology to increase electric vehicles’ mileage as the world’s third-largest au...

Hyundai breaks ground on $1.5 bn EV plant in S.Korea

Hyundai breaks ground on $1.5 bn EV plant in S.Korea

ULSAN -- Hyundai Motor Co., the world’s third-largest automaker along with its affiliate Kia Corp., on Monday broke ground for a dedicated ele...

Kia to revive Ray EV to kick start S.Korean city car market

Kia to revive Ray EV to kick start S.Korean city car market

Kia Corp., South Korea’s No. 2 automaker, aims to revitalize the local city car segment with the reintroduction of an electric version of the ...

S.Korea gov’t urges caution on using Vietjet Air, AirAsia

S.Korea gov’t urges caution on using Vietjet Air, AirAsia

South Korean consumers have witnessed a substantial rise in complaints related to Vietjet Air and AirAsia, popular low-cost carriers used for trav...

S.Korea's E-Mart24 provides VAT refund service for foreign visitors

S.Korea's E-Mart24 provides VAT refund service for foreign visitors

E-Mart24 Inc., the convenience store chain unit of Shinsegae Inc. Group, announced on Tuesday that it will resume the value-added tax (VAT) refund s...

S.Korean startup Jobis&Villains expands to UK with tax return service

S.Korean startup Jobis&Villains expands to UK with tax return service

Jobis&Villains Corp., a South Korean startup that offers a tax return service called “3o3,” said on Friday that it had set up a loca...

Lessons from Korean Air’s botched mileage program reform

Lessons from Korean Air’s botched mileage program reform

Korean Air Lines Co. has suspended a plan to revamp its mileage program after it drew harsh criticism from both its customers and government officia...

Lotte Hotel forms new mileage partnership with Singapore Airlines

Lotte Hotel forms new mileage partnership with Singapore Airlines

On Wednesday, Lotte Hotels & Resorts announced its new mileage partnership with Singapore Airlines, marking the hotel group's first international ...

Korea EV cell materials firms race for silicon anode market

Korea EV cell materials firms race for silicon anode market

South Korea’s secondary battery ingredient makers are rushing to develop silicon anode materials, next-generation core substances that signifi...

S.Korea fines Tesla $2.2 mn for alleged false advertising

S.Korea fines Tesla $2.2 mn for alleged false advertising

South Korea’s antitrust body has decided to impose a fine of 2.9 billion won ($2.2 million) on Tesla Inc., the world’s top electric vehi...

CU to make instant VAT refund for foreign customers

CU to make instant VAT refund for foreign customers

BGF Retail, a franchiser that operates convenience store chain CU, said on Tuesday that it would implement an instant VAT refund service for foreign...

Jobis&Villains selected as beneficiary of UK venture support program GEP

Jobis&Villains selected as beneficiary of UK venture  support program GEP

South Korea's Jobis & Villains Corp., which operates the tax return service "3o3," announced on Thursday that it has been officially registered ...

Korea's NPS to get partial tax refund on US real estate sales

Korea's NPS to get partial tax refund on US real estate sales

South Korea’s National Pension Service (NPS) is set to receive a tax refund of 30 billion won ($22.4 million) from the US Internal Revenue Ser...

Mirae Asset ends $3 bn IFC deal with Brookfield, seeks deposit refund

Mirae Asset ends $3 bn IFC deal with Brookfield, seeks deposit refund

Mirae Asset Global Investments Co.’s planned purchase of the International Finance Center in Seoul worth 4.1 trillion ($3 billion) from Canada...

Hyundai's IONIQ 6 wins accolades for streamlined design

Hyundai's IONIQ 6 wins accolades for streamlined design

Hyundai Motor Co.’s first all-electric sedan IONIQ 6 has received accolades from foreign media for its streamlined design and low chassis, whi...

Tesla to face fine over allegedly overstated mileage

Tesla to face fine over allegedly overstated mileage

Tesla Inc. has faced accusations in South Korea of failing to inform drivers of a sharp drop in the mileage of its electric vehicles at sub-zero tem...

Hyundai to delay launch of IONIQ 6 for redesign, longer mileage

Hyundai to delay launch of IONIQ 6 for redesign, longer mileage

Hyundai Motor Co. will delay the much-anticipated launch of the IONIQ 6, the top South Korean automaker’s second all-electric vehicle on an ex...

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