RandD spending

South Korea’s public and private sectors will together invest more than 3 trillion won ($2.3 billion) by 2030 to nearly quadruple the domestic...

South Korea’s food, cosmetics and retail companies, heavily reliant on domestic sales, are slimming down their workforce to survive a prolonge...

The Hyundai Seoul, the largest department store in the South Korean capital, topped the 1 trillion won mark in annual sales at the fastest pace in t...

South Korea’s top automaker Hyundai Motor Co. said on Thursday it has signed a power purchase agreement (PPA) with Hyundai Engineering & C...

SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., is significantly increasing its capital spending on ...

Hyundai Mobis Co., an auto part-making unit of Hyundai Motor Group, has raised $940 million via an overseas loan to build facilities for its electri...

Amazon Web Services Inc. (AWS), the world's largest cloud platform provider, said on Wednesday it will nearly triple its investment in South Korea t...

South Korea’s SK Plasma on Tuesday said it signed a term sheet, or a nonbinding agreement on the basic terms and conditions of an investment, ...

Major South Korean companies’ spending on research and development lags investments made by their global competitors due to lower government t...

Samsung SDI Co. will inject $1.98 billion to build a second battery manufacturing plant in the US jointly with Netherlands-based automaker Stellanti...

It has been revealed that spending by foreign tourists visiting Jeju Island has significantly increased since the end of the COVID-19 pandemic.Accor...

Hyundai Motor Group and LG Energy Solution Ltd. will spend a combined $7.59 billion to build electric vehicle and battery cell plants in Georgia, th...

South Korea’s top chemicals maker LG Chem Ltd. plans to spend 124.6 billion won ($94.5 million) on increasing its water treatment material out...

Samsung Electronics Co., the world’s largest memory chipmaker, has sold 3.55 million shares in Dutch chip equipment maker ASML Holding N.V. fo...

South Korean consumers' spending on mobile apps recorded the highest-ever in the first half of this year.Mobile data and analytics platform data.ai ...

South Korea’s POSCO International Corp. is poised to secure rights worth several billion dollars to explore and produce natural gas in Indones...

South Korea’s corporate expenditures on research and development grew 1.7 times from 2013 to 2021, much slower than such spending by the US an...

South Korea’s outbound travelers spent 19.8% more in the first half of this year compared with a year ago amid a revival in overseas tourism, ...

POSCO is a symbol of South Korea’s economic modernization. Five decades ago, it emerged from the nation's agriculture-based economy as one of ...

South Korea’s largest resort complex Jeju Shinhwa World, located in the country’s top tourist destination, is preparing to restore its v...

South Korea’s LG Innotek Co., a major camera module supplier for Apple iPhones, is set to invest $1 billion in Vietnam to more than double its...

South Korean residents’ overseas card use jumped in the first quarter to nearly recover levesl before the outbreak of COVID-19 on rising inter...

South Korea’s chemicals-to-defense conglomerate Hanwha Group plans to invest $1 billion in acquisitions of companies in the US and businesses ...

Koo Kwang-mo, chairman of South Korea’s fourth-largest conglomerate LG, is seeking new growth drivers by hosting strategy meetings groupwide.L...

Sartorius AG, a global pharmaceutical and laboratory equipment supplier, plans to spend $600 million on its first facilities in South Korea, about s...

SK Hynix Inc., the world’s second-largest memory chipmaker, is seeking to raise as much as 500 billion won ($373 million) in bank loans to sec...

Doosan Tower, the most visible shopping mall in the Dongdaemun fashion market, is finally making a comeback. The number of foreign visitors seeking ...

While the world’s largest foundry chipmaker TSMC Co. appears to be slowing its pace of facility investment to cope with excess inventory, its ...

ULSAN, South Gyeongsang Province – South Korea’s Hyundai Motor Co. is poised to receive a 25% tax credit for its planned investment in a...

South Korea’s online giant Naver Corp. reported better-than-expected quarterly earnings thanks to strong sales of Poshmark Inc. in the US. It ...