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Economy Foreign direct investments in Korea hit record $34.57 billion in 2024

Foreign direct investments in South Korea hit a record high in 2024, driven by Chinese and Japanese investors in the manufacturing sector, the Minis...

Future mobility Hyundai-owned Boston Dynamics, Toyota team up for humanoid robots

South Korea’s Hyundai Motor Co. and Japan’s Toyota Motor Corp., the world’s No. 3 and No. 1 automakers, respectively, are teaming ...

Artificial intelligence SK Telecom to host SK AI Summit in Seoul

South Korea's SK Telecom Co. said on Monday that it will host the SK AI Summit 2024 on November 4-5 at COEX in Seoul, expanding the annual event int...

Fintech BalanceHero sees record high H1 sales in India

BalanceHero, a South Korean fintech startup that entered the Indian market, announced on Friday that its sales and loan execution amounts for the fi...

Economy S.Korea beats Japan in GNI per capita for 1st time in 2023

South Korea outstripped Japan in terms of per capita gross national income (GNI) for the first time in 2023, central bank data showed, with the Japa...

Korean chipmakers Average fixed transaction DRAM price in Sept bottoms out at $1.30

The average fixed transaction price of DRAMs last month stayed at $1.30, maintaining its sluggishness in the $1 range for the ninth consecutive mont...

Sovereign wealth funds Aramco, PIF chief to meet key South Korean figures this week

Yasir Othman Al-Rumayyan, chairman of the world’s top oil company Saudi Arabian Oil Co. (Aramco) and governor of the kingdom’s sovereign...

Food & Beverage S.Korea's Nongshim earns H1 operating profit of $89 million

South Korean food and beverage giant Nongshim Co. saw operating profit in the first half of the year more than double thanks to strong instant noodl...

Steel POSCO Holdings posts operating profit of $790 million in Q1

South Korea's POSCO Holdings Inc. has returned to the level of 1 trillion won ($790.5 million) in quarterly operating profit after a year and sales ...

Business & Politics SK supports memorial monument honoring Korean War figures

South Korea's SK Group announced on Thursday its support for the construction of a memorial monument honoring the late Colonel William E. Weber and ...

Economy Korea’s current account swings to deficit, four-month figures worsen

South Korea ran a current account deficit in April, swinging from the previous month’s surplus, as Asia’s fourth-largest economy continu...

Automobiles S.Korea's new hybrid car registrations in May exceed diesel's for first time

The number of newly registered hybrid cars in South Korea overtook that of diesel cars for the first time thanks to consumer focus on such models,...

Economy S.Korea's BSI dips below 100 for 15th consecutive month

The economic outlook of South Korean manufacturing and non-manufacturing sectors is negative for June, the 15th consecutive month of such pessimis...

Economy S.Korea in March posts first current account surplus in 3 months

South Korea in March posted a current account surplus for the first time this year thanks to a surge in the dividend account that offset continuous ...

Economy S.Korea's BSI under 100 for 12th straight month

The economic outlook of South Korean manufacturing and non-manufacturing sectors is negative for May, marking the 12th consecutive month of such p...

Economy S.Korea sees first decline in household loans in 20 years

Household loans in South Korea last year fell from 2021 for the first time in 20 years because of high interest rates, but credit card debt hit a re...

Steel Husteel raked in record-high operating profit in 2022

South Korea's Husteel, the steel affiliate of Shinan Group, posted incredible results last year with operating profit breaking a company record of c...

Automobiles Hyundai, Kia post record-high Jan. sales figures in US

Hyundai Motor Co. and Kia Corp. posted the highest sales record in the US market in January. Hyundai Motor America said on Wednesday that it sold 52...

Economy S.Korea's BSI hits 30-month low amid poor business sentiment

The economic outlook by companies is worsening given lingering global uncertainty, with the business outlook for February at its lowest level in two...

Economy S.Korea's GNI per capita falls in 2022 on foreign exchange fluctuation

South Korea's gross national income (GNI) per capita last year likely fell under $35,000, a figure first reached in 2021, due to sluggish economic g...

Economy S.Korea posts 2nd current account deficit in 3 months due to flat exports

South Korea in November last year suffered its second current account deficit in three months due to plummeting exports of key items like semiconduc...

Travel & Leisure Korea's int'l passenger traffic exceeds domestic for 1st time since pandemic

The volume of international passengers in South Korea has exceeded that of domestic flights for the first time since the outbreak of the COVID-19 pa...

Pension funds NPS shortlists 6 candidates for chief investment officer opening

National Pension Service (NPS) of South Korea, the world’s third-largest pension fund managing 896.6 trillion won ($690.5 billion) as of end-S...

Corporate investment Korea Zinc exchanges treasury shares with LG Chem, Hanwha Corp.

Korea Zinc Co. will exchange part of its treasury shares with those of LG Chem Ltd. and Hanwha Corp. in a move seen to strengthen the secondary batt...

Shipping & Shipbuilding Hyundai Heavy’s KSOE wins $2.2 billion order for 10 LNG carriers

Korea Shipbuilding & Offshore Engineering Co. (KSOE), the intermediate holding company of the world’s top shipbuilder Hyundai Heavy Indust...

Earnings BTS producer tops the list of H1 highest-paid Koreans

Senior executives of HYBE Co., South Korea's leading K-pop agency, topped the three spots on the first-half list of highest-paid South Koreans, with...