korea samsung heavy cmsr power barge
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Korean innovators at CES 2024
Samsung to unveil new Odyssey gaming monitors at CES
Samsung Electronics Co. announced on Wednesday that it will unveil new Odyssey OLED gaming monitors at CES 2024, the world's largest IT and consum...
Jan 03, 2024 (Gmt+09:00)
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Pension funds
Korea’s NPS sees record assets, profit on double-digit return
South Korea’s National Pension Service (NPS) enjoyed record assets and profit in 2023 as the world’s third-largest pension fund reported...
Jan 02, 2024 (Gmt+09:00)
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Retail
Korea’s Gmarket poised to post 1st profit since Shinsegae’s takeover
Gmarket, a major e-commerce website based in South Korea, likely turned to profit in the fourth quarter of last year, which would mark the first tim...
Jan 02, 2024 (Gmt+09:00)
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Energy
KEPCO sells 15% stake in KEPCO E&C for $269 million
Korea Electric Power Corp. (KEPCO), South Korea’s state-owned utility company grappling with mounting losses, has secured additional funds of ...
Jan 02, 2024 (Gmt+09:00)
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Fashion
Adidas Korea separates its marketing strategy from APAC
Sportswear giant adidas AG started operating its South Korean affiliate as a separate market from the Asia-Pacific region on Jan. 2 to quickly respo...
Jan 02, 2024 (Gmt+09:00)
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Aerospace & Defense
KAI completes 1st batch of fighter jet exports to Poland
Korea Aerospace Industries Ltd. (KAI), the country’s sole military aircraft manufacturer, completed its first batch of fighter jet exports to ...
Jan 02, 2024 (Gmt+09:00)
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Business & Politics
South Korea set to abolish financial investment gains tax: Yoon
South Korea plans to abolish capital gains taxes on financial investments to revitalize the lackluster domestic financial market and help individual...
Jan 02, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy wins $1.5 bn order for FLNG
South Korea's shipbuilder Samsung Heavy Industries announced on Tuesday that it has secured an order for one floating liquefied natural gas (FLNG) p...
Jan 02, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung eyes $8.8 billion 2024 chip profit: sources
Samsung Electronics Co. seeks to rake in 11.5 trillion won ($8.8 billion) in operating profit from its semiconductor business this year, swiveling f...
Jan 02, 2024 (Gmt+09:00)
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Korean stock market
Foreign net buying of Samsung Elec at record high in 2023
Foreign investors turned net buyers of Samsung Electronics Co. in 2023, reversing their selling spree of the stock over past three years, as the sem...
Jan 01, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung, SK Hynix join forces with foreign rivals to win AI chip war
South Korea’s two chip giants Samsung Electronics Co. and SK Hynix Inc. are expected to further deepen ties with rivals and customers from aro...
Dec 31, 2023 (Gmt+09:00)
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Chemical Industry
S.Korean refiners’ race for EV lubricants heats up
South Korean major refiners are upping the ante to win the market for electric vehicle lubricants and liquid coolants for heat management amid the r...
Dec 31, 2023 (Gmt+09:00)
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Food & Beverage
CJ CheilJedang opens online B2B section
South Korean food giant CJ CheilJedang Corp. introduced a business-to-business (B2B) section CJ The Market for Biz on its e-commerce website CJ The ...
Dec 29, 2023 (Gmt+09:00)
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Korean games
Korea to sell $3.6 bn stake in NXC via private offering
The South Korean government is seeking to sell a 4.71 trillion won ($3.6 billion) stake in gaming giant NXC Corp. via private placement as the autho...
Dec 29, 2023 (Gmt+09:00)
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Economy
S.Korea to allow hiring of foreign workers in hotels, resorts
The South Korean government said on Friday that it would grant the hiring of foreign workers in hotels and resorts from next year.The hotel and reso...
Dec 29, 2023 (Gmt+09:00)
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Aerospace & Defense
Korea to domestically develop air-to-air missiles for KF-21
South Korea plans to develop short-range, air-to-air missiles to be mounted on the Korean fighter KF-21 with homegrown technology by 2035 in a 591.9...
Dec 29, 2023 (Gmt+09:00)
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Banking & Finance
Korea's KDB establishes innovation fund for auto parts companies
The state-run Korea Development Bank (KDB) announced on Friday that it has established the KDB-Quantum Mobility Value Chain Open Innovation Fund wor...
Dec 29, 2023 (Gmt+09:00)
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Economy
Korea’s consumer inflation reaches 3.6% in 2023 on high utilities
South Korea’s consumer prices rose 3.6% this year, driven by the biggest jump in utility bills since 2010 and high inflation in agricultural p...
Dec 29, 2023 (Gmt+09:00)
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Business & Politics
South Korea eyes new Arab boom via free trade deal with GCC nations
South Korea has struck a free trade agreement with the Gulf Cooperation Council (GCC), a group of six Arab nations, paving the way for Seoul to stre...
Dec 28, 2023 (Gmt+09:00)
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Travel & Leisure
Foreign visitors to S.Korea to surpass 10 mn in 2023
The number of foreign tourists visiting South Korea will exceed 10 million this year, according to the Korea Tourism Organization (KTO). Accordi...
Dec 28, 2023 (Gmt+09:00)
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Corporate restructuring
Taeyoung files for debt workout; offers to sell stake in KKR JV
South Korea’s Taeyoung Group, saddled with 5.6 trillion won ($4.4 billion) in debt and loans it has guaranteed, filed for a debt workout progr...
Dec 28, 2023 (Gmt+09:00)
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Korean innovators at CES 2024
Samsung to unveil AI-feature vacuum cleaner at CES
Samsung Electronics Co. announced on Thursday that it will unveil a new vacuum cleaner, the Bespoke Jet Bot Combo, at the upcoming CES 2024. This ...
Dec 28, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung Elec moves a step closer to CXL commercialization
Samsung Electronics Co. seeking to lead the next-generation memory market has moved a step closer to commercializing computer express link (CXL)-bas...
Dec 27, 2023 (Gmt+09:00)
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Retail
S.Korea's perfume duty free limit to rise by 100 ml in 2024
South Korean government will raise the duty-free limit of perfume from 60 ml to 100 ml in January 2024. The Ministry of Economy and Finance announce...
Dec 27, 2023 (Gmt+09:00)
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Aerospace & Defense
KAI secures $1.1 bn deal to mass-produce light-armed helicopters
Korea Aerospace Industries Ltd. (KAI), the sole military aircraft manufacturer in the country, announced on Wednesday that it has signed a contract ...
Dec 27, 2023 (Gmt+09:00)
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Korean chipmakers
POSCO to foster rare gas business with Zhongtai Cryogenic
POSCO Holdings Inc. will build a highly purified rare gas-producing joint venture in South Korea with Zhongtai Cryogenic Technology Corp. from China...
Dec 27, 2023 (Gmt+09:00)
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IPOs
Korea's leading used-car platform Encar drops IPO plan
Encarsales.com Ltd., a South Korean used-car trading platform, will withdraw its initial public offering plan as early as this week due to deteriora...
Dec 27, 2023 (Gmt+09:00)
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Energy
Taihan Cable to build ultra-high voltage power grid in Germany
South Korea's Taihan Cable & Solution Co. won a 600 billion won ($463 million) turnkey project to build a 380 kV ultra-high voltage power transm...
Dec 27, 2023 (Gmt+09:00)
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Food & Beverage
This country will police ‘shrinkflation’ at the supermarket
SEOUL—Food prices have risen so much that Kim Soo-yeon has developed a suspicious new habit at the grocery store. She has taken to shaking bag...
Dec 27, 2023 (Gmt+09:00)
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Electronics
Samsung to release Galaxy Book3 Go 5G laptop
Samsung Electronics Co. will release the Galaxy Book3 Go 5G laptop, which supports 5G networks on Jan. 2. Next year.The device features a 14-inch LC...
Dec 27, 2023 (Gmt+09:00)