diplomatic relations

Energy South Korea nears Czech nuclear deal; Doosan, related stocks fly high

South Korea’s nuclear energy stocks surged this week as momentum builds around a landmark nuclear power project in the Czech Republic, with in...

Business & Politics S.Korea's Han, Trump discuss transactional diplomacy in 1st direct talks

South Korea’s Acting President and Prime Minister Han Duck-soo spoke with US President Donald Trump on Tuesday to discuss various issues of mu...

Executive reshuffles SK promotes restructuring keymen to SK On, SK Discovery top posts

SK Group on Thursday promoted the keymen of its business overhauls to top posts at intermediary holding company SK Discovery Co. and battery maker S...

Foreign exchange NPS incurs $500 million in missed gains due to improper forex hedging

The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, has likely in...

Pension funds NPS expects Korea’s WGBI inclusion to attract $56 billion in foreign funds

The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, expects some ...

Corporate strategy K Bank aims to turn into AI-based investment platform: CEO

K Bank, the digital banking unit of South Korean telecom giant KT Corp., aims to turn into an AI-based investment platform after going public later ...

Korean chipmakers Samsung strives to prevent musculoskeletal disorders in the workplace

Samsung Electronics Co., the world’s largest memory chipmaker, is striving to prevent musculoskeletal disorders (MSDs) in its workplace to imp...

Energy Daewoo E&C reorganizes its nuclear-related division

South Korea's Daewoo Engineering & Construction Co. (Daewoo E&C) has expanded and reorganized its nuclear-related division following its sel...

Korean startups YC-backed Relate defies conventional wisdom for deeper integration

It may look like David versus Goliath, but Y Combinator-backed Relate has found a sweet spot where it can beat Salesforce in the sales customer rela...

Banking & Finance Mastern, Woods Capital team up for tech hub

Mastern Investment Management Co., South Korea's real estate investment firm, said on Monday that its US subsidiary Mastern America LLC signed a mem...

Aerospace & Defense Hanwha completes Australia plant for howitzers, armored vehicles

South Korea’s Hanwha Aerospace Co. has completed building its first overseas plant — producing howitzers and ammunition carriers in Aust...

Banking & Finance Korea opens probe into Woori's loans to ex-chair's relatives

South Korea’s financial watchdog agency said on Sunday it has found that Woori Financial Group, the country's fourth-largest financial holding...

Earnings KT posts Q2 profit drops on pay raises, bonus payments

KT Corp., South Korea’s No. 1 telecom service provider, on Friday reported a 14.3% drop in second-quarter operating profit despite steady reve...

Carbon neutrality GS Caltex to capture and utilize carbon with own technology

South Korea's GS Caltex Corp. will launch a carbon capture and utilization (CCU) project in collaboration with South Jeolla Province and Yeosu City ...

North Korea A North Korean Diplomat Managed a Rare Defection: A Flight Out of Cuba

SEOUL—A North Korean diplomat posted in Cuba defected to South Korea with his family late last year, officials said this week, a rare esc...

Markets Korea's bet on US assets up on bull stocks, EV incentives

South Korea’s financial assets in the US hit a record high last year due to the US stock market rally and Korean companies’ capital inje...

Banking & Finance Shinhan Card, Canada's Alberta to co-work for tourism

South Korea's Shinhan Card Co. announced on Wednesday that it signed a strategic business agreement with the provincial government of Alberta, C...

ESG Samsung launches CSR mobile magazine

Samsung Electronics Co. announced on Monday that it launched the Samsung CSR Mobile Magazine, an online webzine dedicated to highlighting the compan...

Entertainment OTT platform TVing gets tailwind from CJ ENM's TV series

TVing, the second-largest over-the-top (OTT) platform in South Korea, has been gaining momentum from hit series such as “Lovely Runner,”...

Korean startups KT offers reverse pitches to pick startup partners

KT Corp. has offered reverse pitches for South Korean artificial intelligence and technology startups to cooperate in the areas where it lacks in te...

Aerospace & Defense South Korea to accept Indonesia’s KF-21 project cost cut proposal

South Korea plans to accept Indonesia’s request to cut its share of payments for a joint fighter jet development project to one-third of the o...

North Korea N.Korean hackers attack South’s arms makers for tech data

North Korean hackers allegedly attacked South Korean arms manufacturers and stole technical data from them over more than a year Seoul’s polic...

Private equity Affinity to buy SK Rent-a-Car at $572 mn, more deals expected

Affinity Equity Partners is set to buy SK Rent-a-Car Co., South Korea’s No. 2 car leasing company, at some 800 billion won ($572 million), rai...

Real estate 2024 an intriguing year for Japan: Savills IM

The Japanese real estate market holds a prominent status in the global investment landscape, buoyed by robust fundamentals that have made it a sough...

Bio & Pharma Global quest to find modern elixirs enters new chapter

NEW YORK/ BOSTON – Longevity has long been the dream of humankind. China’s first emperor Qin Shi Huang was obsessed with finding magic e...

Artificial intelligence Wrtn opens free AI search service

South Korea's advanced tech startup Wrtn Technologies, a major player in generative artificial intelligence (AI), opened its free and unlimited AI s...

Korean games PUBG’s Krafton expands in India with localized games

South Korean gaming giant Krafton Inc., renowned for its global mega-hit PlayerUnknown’s Battlegrounds (PUBG), aims to expand its market share...

Tech, Media & Telecom Wanted Lab, Digital Hearts to support S.Korean, Japanese startups

South Korea’s human resources (HR) management tech company Wanted Lab Inc. announced on Thursday that it has signed a memorandum of understand...

Tech, Media & Telecom LG Uplus, Nokia validate 6G cloud tech

South Korea's LG Uplus Corp. announced on Friday that it has verified 6G cloud technology in collaboration with Nokia.This technology enhances the s...

Business & Politics South Korea establishes diplomatic ties with Cuba

South Korea has established diplomatic relations with Cuba, a close ally of North Korea, Seoul said on Wednesday. Cuba had long been the only count...