Korea economic growth

Toray Advanced Materials Korea Inc. (TAK) broke ground on its new facility for carbon fiber production in Gumi, North Gyeongsang Province on Monday,...

South Korea's SK Telecom Co. signed a memorandum of understanding (MOU) on Monday with the autonomous driving startup Mars Auto for cooperation in t...

South Korea may snap its 12-month-long losing streak in exports this month after it reported an on-year gain in exports in the first 20 days of Octo...

RIYADH – Hyundai Motor Co. has agreed with the Public Investment Fund, Saudi Arabia’s sovereign fund, to set up a joint venture to build...

Major institutional investors in South Korea and global asset managers will share their views on the world economy and asset allocation strategies a...

Hyundai Motor Co. and its sibling Kia Corp. together target selling 550,000 cars annually in the Middle East by 2030 to control about 20% of the reg...

Shares of HMM Co., South Korea’s No. 1 container line, are likely to fall as its main creditors exchanged perpetual convertible bonds (CBs) an...

South Korea is increasing the number of African countries participating in its official development assistance (ODA) project to alleviate the chroni...

TikTok announced on Friday that it will hold its first-ever offline live concert, "TikTok Stage The Shout," in South Korea on the 9th of next month....

South Korea's No. 2 conglomerate SK Group needs agile responses to rapidly changing business circumstances amid global geopolitical crises, C...

South Korea is intensifying pressure on the private sector to curb inflation by forcing companies such as food and beverage makers not to raise prod...

South Korea has had notoriously long working hours for decades.Long hours – alongside high levels of education and an increase of women in the...

South Korea’s HDC IPark Mall has opened Japanese game giant Nintendo’s first official pop-up store at the Yongsan location in Seoul fr...

The Disney Store has become one of the hottest spots within Hyundai Department Store branches since the department store operator has opened three o...

Blackstone Inc. has tapped South Korea’s Koramco REITs Management and Trust Co. as the preferred bidder for prime office building Arc Place, t...

Hyundai Motor Co. is slated to start selling certified used cars online from Oct. 24, three years after its announcement to enter the 30 trillion wo...

Temu, a popular Chinese discount e-commerce platform that landed in South Korea just a few months ago, has apparently cracked homegrown players&rsqu...

Samsung Electronics Co. and the Korea Internet & Security Agency (KISA) on Wednesday signed a memorandum of understanding on minimizing damage t...

As the leader of Samsung Group for three decades, the late group Chairman Lee Kun-hee brought fundamental changes to the conglomerate under his &ldq...

Asia’s leading drug distributor Zuellig Pharma is considering the acquisition of Geo-Young Corp., the largest medicine wholesaler in South Kor...

South Korea’s short-term corporate loan growth is picking up at a fast pace, stirring concern among some analysts who see parallels to the 200...

South Korea’s Humedix Co., a developer of biological and pharmaceutical products, on Tuesday said it received approval from the Ministry of Fo...

Global sports brand Lululemon Athletica Inc. opened its first logistics center in South Korea. It's located in Icheon, Gyeonggi Province. This ...

South Korea’s poultry processing company Harim Group is set to sell off all its Hanjin KAL Co. shares its affiliate owns to secure capital for...

SK Group, South Korea’s energy-to-semiconductor conglomerate, is set to invest in a local renewable energy ingredient provider for stable proc...

One hundred new South Korean startups at the vanguard of development of innovative AI technology will be unveiled later this month, according to The...

South Korea will postpone implementation of environmental, social and governance (ESG) disclosure rules for the country’s listed firms from 20...

South Korea’s dreadfully low birthrate — the world’s lowest — is not just a concern for politicians or government officials....

LG Uplus Corp., South Korea’s No. 3 mobile carrier, is poised to launch a platform service that will digitally transform the local logistics s...

South Korea's SK Telecom Co. has introduced an economic system to its metaverse service "ifland." With this, users can now purchase items with the c...