economic slowdown

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...

South Korea's economy unexpectedly contracted in the first quarter as exports and consumption fell amid a political crisis and fears over the impact...

Hyundai Motor Group, the world’s third-largest automaker, plans to unveil 42 new models, including hybrids of existing cars, next year to cope...

The Bank of Korea (BOK) left its benchmark interest rate unchanged at 2.75% on Thursday, with Governor Rhee Chang-yong warning that a surge in globa...

South Korean consumers exhibited recessionary spending behavior in March, cutting expenditures across nearly all sectors, except healthcare and educ...

South Korean consumers exhibited recessionary spending behavior in March, cutting expenditures across nearly all sectors, except healthcare and educ...

South Korea’s top luxury goods e-commerce platform Balaan Co. said on Monday it has filed for corporate rehabilitation with a Seoul court as t...

Meta Platforms Inc., the parent of Facebook and Instagram, is in talks to acquire Seoul-based AI chip startup FurisosaAI Inc. and the discussion cou...

South Korea’s leading alternative data service provider Hankyung Aicel Inc. is poised to transform companies' and investors’ business an...

South Korea’s central bank slashed its economic growth forecasts on Monday, adding to views that the monetary authority will cut interest rate...

South Korea’s exports, the country’s main growth driver, reached an all-time high in 2024, buoyed by strong semiconductor exports and a ...

South Korea’s new Acting President Choi Sang-mok said on Friday he is confident that the country’s economy is resilient and its national...

South Korea’s commercial vehicle sales are plunging on sluggish domestic demand amid a slowdown in Asia’s fourth-largest economy.Local s...

The South Korean economy is solid, and the government will take “bold and swift’’ actions if needed to stabilize Asia’s four...

South Korean President Yoon Suk Yeol survived an impeachment vote against him after an overwhelming majority of governing party lawmakers boycotted ...

South Korea’s Finance Minister Choi Sang-mok said on Friday that President Yoon Suk Yeol’s failed martial law attempt will have a very l...

South Korean accelerators (ACs) are turning to Southeast Asia and the Middle East market to support startups and expand their reach.ACs, companies t...

LOS ANGELES – José Muñoz, freshly tapped as the next chief executive of Hyundai Motor Co., says the current market uncertainty s...

The Korea Development Institute (KDI), South Korea’s state-run think tank, has slashed its forecasts for the country’s economic growth f...

South Korea’s economy rebounded slower than central bank expectations in the third quarter on sluggish exports, adding to predictions that the...

HiteJinro Group, South Korea’s No. 1 alcoholic beverage maker with a century-old history, has tapped cosmetics development and production as a...

CJ Onstyle, the at-home TV shopping and e-commerce brand of South Korea’s content and commerce powerhouse CJ ENM Co., will embark on mobile li...

South Korea’s central bank is likely to reduce interest rates in the next three months as inflation is expected to ease amid a slowdown in Asi...

Hyundai AutoEver Corp., a software subsidiary of Hyundai Motor Group, secured consecutive contracts to build public safety systems in African countr...

South Korean stocks on Tuesday recouped some of their hefty losses caused by the previous day's global panic selling after financial authorities iss...

South Korea’s leading battery materials maker EcoPro BM Co. is considering reducing cathode output capacity despite continuous investments in ...

LG Energy Solution Ltd., one of the world’s top three battery makers, on Monday posted a smaller quarterly profit, hurt by sluggish global ele...

The South Korean currency fell to its lowest level against the US dollar in 15 years in the second quarter amid growing uncertainties surrounding gl...

South Korea’s No. 2 petrochemicals maker Lotte Chemical Corp. has taken a hit from a lowered credit-rating outlook of the company and its majo...

South Korea and the United Arab Emirates on Wednesday signed a comprehensive economic partnership agreement (CEPA) to facilitate bilateral trade aft...