Hyundai Motor unveils 2024 Staria Hybrid

Hyundai Motor Co. announced on Wednesday that it will begin pre-orders for the upcoming Staria Hybrid model and the 2024 Staria on Feb. 28. H...

LG to use AI for early detection of air conditioner anomalies

LG Electronics Inc. has introduced an artificial intelligence technology for early detection of anomalies in its commercial air conditioning systems...

Digital assets emerge as Korean LPs' No. 1 infrastructure target

Digital infrastructure, such as data centers, towers and smart meters, will be the hottest infrastructure asset this year for South Korean limited par...

Peak views: What lies ahead in 2024?

With 2023 at a close, financial markets are at an important junction. Major developed market central banks have paused their rate rises and there ...

BOK hints at policy rate peak but in no hurry to cut rates

South Korea’s central bank on Thursday hinted its policy rate may have peaked after leaving the rate unchanged for the eighth straight meeting...

Seoul to add new aerial lifts to Namsan by 2025

Visitors to Seoul, the capital of South Korea, are expected to enjoy faster and easier exploration of the city’s famous Namsan Mountain in 202...

Overseas trips top pre-pandemic levels during Chuseok holiday

The number of South Koreans who spent this year’s six-day holiday of Chuseok abroad exceeded pre-pandemic levels, indicating a recovery in the...

Nomura says new shipbuilding orders peaked; Korean firms refute

Nomura Securities recently said global new shipbuilding orders likely peaked in 2022, slashing its stock recommendation rating on industry leader HD...

With long-gone heyday, Capro clings to stake sale for survival

Once everyone’s darling but now an ugly duckling, Capro Co., South Korea’s sole maker of caprolactam, a nylon raw material, is despera...

Korean Air resumes flights from Busan to Japan after three-year suspension

Korean Air Lines Co., the largest airline and flag carrier of South Korea, said on Tuesday that it would resume its operations on the Busan-Fukuoka ...

Hanatour sees surge of package tourists in June

South Korea’s top travel agency Hanatour Service Inc. saw a dramatic 661% increase in package tourists in June from the previous year, recordi...

Interpark's airline ticket sales exceed $120 mn in March

South Korea’s online retail platform Interpark Corp. has reported its airline ticket sales in March jumped 281% compared to the same period la...

Kurly seeks fresh funding at half its peak valuation

Kurly Inc., South Korea’s leading food delivery platform, has embarked on a new funding round to raise 100 billion won ($76 million) at about ...

Chip foundry DB HiTek's stock near 10-month peak on activist fund

South Korean leading foundry chipmaker DB HiTek’s stock price hit a near 10-month high this week as a domestic activist fund bought a stake to...

SK Hynix to halve investment after posting first quarterly loss in decade

SK Hynix Inc., the world’s second-largest memory chipmaker, said on Wednesday it will significantly slash its investment for this year after p...

Korea’s Peak Bio makes Nasdaq debut via SPAC deal with Ignyte

Peak Bio Co., a South Korean biopharmaceutical company, is debuting on the Nasdaq through a merger with US blank cheque company Ignyte Acquisition C...

Rising utility bills add to Korea’s inflationary pressure

South Korea may raise utility bills after scheduled hikes in the coming months, adding to inflationary pressure in Asia’s fourth-largest econo...

BOK chief: S.Korea won't keep pace with Fed’s interest rate hikes

JACKSON HOLE, Wyo. -- The Bank of Korea plans to raise interest rates until inflation falls to its target level but won't keep pace with the US Fede...

Korea April inflation hits 13-1/2-year peak; bond yields up

South Korea’s consumer prices in April rose at the fastest pace since the 2008-09 global financial crisis, reinforcing expectations of further...

Korea’s record household debt may hurt consumption

South Korea’s household debt hit a record on surging property prices, stoking concerns over a slowdown in private consumption in Asia’s ...

Korea corporate borrowing costs jump to 8-year peaks

South Korean companies suffered from surging financing costs as corporate bond yields shot to eight-year highs. Affiliates of major conglomerates wi...

S.Korea’s 2022 inflation may shoot to 11-year peak

South Korea’s inflation this year is expected to accelerate to an 11-year high, adding to expectations of further interest rate hikes later th...

Korean wage growth increases inflationary pressure

South Korea’s wage growth in the third quarter hit its highest point in three and half years, adding to inflationary pressure in Asia’s ...

Korean inflation nears 10-year peak in November, fanning rate hike views

South Korea’s consumer inflation hit a near-decade peak in November, fanning expectations that the central bank will raise interest rates agai...

Korea copper foil makers on bull run amid demand hopes

South Korean stocks related to secondary batteries, especially shares in cathode and anode materials producers, have rallied on strong growth in the...

Korean auto shares shine in gloomy stock market

South Korean car shares overcame slides in the country’s stock markets as the automotive chip shortage is showing some signs of easing.Global ...

Hydrogen yet to boost Hyundai, Kia stocks

Hyundai Motor Co. and Kia Corp., South Korea’s top two automakers, remained sluggish in the local stock market despite their hydrogen industry...

Samsung shares hit historic high as foreign investors scoop up net $2.3 bn

Samsung Electronics Co. shares have soared to a historic high, driven by foreign investors scooping up a total net 2.6 trillion won ($2.3 billion) wor...