private consumption

LG Electronics Inc. on Sunday said it produced late last month its 112 millionth unit of the inverter direct drive (DD) motor for its washing machin...

LG Electronics Inc. is seeking to make inroads into the private 5G network market, set to grow rapidly amid accelerated migration to automation in a...

South Korea has started the process to privatize the country’s No. 1 container line HMM Co. by tapping advisors for the sale of the controllin...

Many investors are questioning whether private markets will stay bullish amid uncertainty in 2023. The markets will continue to generate interesting...

Chanel Korea has taken a step toward reducing its carbon footprint by signing a memorandum of understanding (MOU) with Korea East-West Power. The ag...

Last year, per-person annual rice consumption in South Korea fell by half from 30 years ago, marking a record low.According to the results of the 20...

South Korea’s DL E&C Co. and Doosan Enerbility Co. will invest a combined $25 million in X-Energy Reactor Co., a US-based small modular re...

ABU DHABI – Business leaders from South Korea and the United Arab Emirates (UAE) have signed 24 initial agreements worth at least $6.1 billion...

South Korea’s move to privatize container shipping line HMM Co. to recover taxpayer money is gaining traction as government officials start lo...

Sejong Telecom, Inc. a mid-sized facilities-based telecommunications business and ICT platform company in South Korea, will launch a private 5G bu...

Seo Won-joo, the new chief investment officer of the National Pension Service (NPS) of South Korea, said on Dec. 27 that the pension fund will stren...

Hanwha Corp. is revving up to acquire STX Heavy Industries, which provides parts and technical support for marine engines, shipbuilding equipment, a...

The Ministry of Science and ICT announced on Wednesday that it will invest 350 billion won ($273 million) to build a rocket launch site, which will ...

South Korea's Samsung Fashion Institute on Thursday announced "Dive In" as the keyword for next year's trends in the fashion industry, meaning that ...

Samsung Heavy Industries, a major shipbuilder in South Korea, said on Tuesday that its boil-off gas recovery system (BReS) for LNG-powered vessels h...

CJ Olive Young said on Tuesday that it selected "M-I-N-G-L-E" as the trending keyword of the year after analyzing 110 million bits of annual custome...

China’s Dajia Insurance Group Co. seeks to divest of a full stake in its South Korean subsidiary ABL Life Insurance Co. with an estimated valu...

A number of private equity giants in South Korea and beyond are bidding for shares worth up to 1 trillion won ($758.2 million) in KT Cloud, a subsid...

State-run Korea Development Bank (KDB) has contacted major conglomerates including Hyundai Motor Group about the sale of its stake in HMM Co., the c...

South Korea's food giant Pulmuone on Monday said it will boost production of pasta-based convenience food in China by expanding its first plant in P...

The South Korean government, in tandem with the private sector, launched a battery alliance on Tuesday in a bid to support the companies in sourcing...

Korea Investment Corporation (KIC) will continue to look for opportunities in private debt and venture capital investment with mid- to long-term gro...

In an interview with The Korea Economic Daily, CEO of Onuii Go Yejin said she used to love contemplating a lot of random things since her elementary...

There is no doubt that headwinds to economic and market growth are picking up. Globally, supply chain and energy disruptions have contributed to hig...

South Korea’s SG Private Equity is set to acquire local industrial gas supplier Hankook Special Gases Co. for a deal in the early 100 billion ...

Kakao Enterprise Corp. is poised to become a private 5G network provider, for use within the parent company Kakao Corp. and for serving outside clie...

A South Korean private equity consortium has acquired Daehan Shipbuilding Co., a small-size oil tanker manufacturer, for around 200 billion won ($15...

South Korea logged a record monthly trade deficit in August with the longest spree of shortfalls in more than 14 years, while domestic consumption, ...

The direct lending market is garnering investor attention as it has performed well during periods of market volatility. As banks are cautious to t...

Apollo Global Management Inc., a US private equity powerhouse, is set to launch a credit business in South Korea, aiming for the local private lendi...