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South Korea’s retail investors on Sunday were grappling with the fear that the much-favored tech shares of Kakao and Naver might suffer another round of massive falls after their service malfunctions shocked the nation over the weekend. A fire broke out on Saturday at an SK C&C building housing d...
SEJONG -- The chief of the International Monetary Fund on Friday dismissed the possibility that South Korea would face a financial crisis, seemingly suggesting that the current economic situation of the nation is different from the 1997 or 2008 crises. According to the Ministry of Economy and Fina...
South Korean automaker Hyundai Motor and its sister company Kia are expected to see continued record-high sales and profits in the third quarter, despite a market downturn and the impact of the industry’s low season. According to market data on Sunday, Hyundai Motor is expected to announce around...
South Korean food conglomerate SPC Group said Sunday that it has opened its first Paris Baguette store in the UK, with an aim to run 20 bakery cafe franchises there by 2025 to expand the brand's presence in Europe. The UK is SPC’s ninth overseas market and the second European country it has enter...
South Korea posted 19 straight months of job gains in September, although the employment growth has cooled amid worries over a recession prompted by soaring interest rates and slowing exports. According to Statistics Korea data released Friday, the number of the employed rose to 28.38 million last...
Samsung Wallet, a digital wallet and digital certificate platform known as Samsung Pay in South Korea, will become available in 13 more countries by the end of this year, tech giant Samsung Electronics announced Friday. The service will be expanded to Bahrain, Denmark, Finland, Kazakhstan, Kuwait,...
Onmind, a subsidiary of South Korean game-maker Neptune, said Friday its artificial intelligence virtual human model Sua has signed a three-year modeling deal to work with Thai advertising firm DDD. DDD advertises for large Korean conglomerates, Thai Airways and global luxury brands such as Chanel...
South Korea's leading refiner SK Innovation celebrated 60 years since its foundation with a new climate initiative to become more carbon-free on Thursday. The company said it would go beyond achieving its 2050 net-zero goals, pledging to drastically reduce its carbon emissions across all workplace...
Scandal-ridden biotechnology firm SillaJen’s shares surged by nearly 30 percent on Thursday a day after South Korea’s sole bourse operator decided to resume its trading on the secondary index. The firm's shares jumped nearly 30 percent from the previous closing to 10,850 won ($7.58), effectively...
Like many global firms, South Korean robot maker Rainbow Robotics was established in 2011 at a research laboratory. Starting out as a robot platform company founded by a group of researchers from the Humanoid Robot Research Center at the Korea Advanced Institute of Science and Technology, the comp...
South Koreans bought $600 million worth of real estate overseas last year mostly for investment purposes, a report showed Thursday. The transaction volume of foreign real estate bought by Koreans surged on-year by 53.8 percent to $600 million, according to a report from the Democratic Party of Kor...
SEJONG -- South Korea’s top economic policymaker on Thursday called for close collaboration between the Korean government and the World Bank Group to address major global issues, such as tackling climate change. In his meeting with WB Group President David Malpass in Washington, DC, Deputy Prime ...
Samsung Electronics stocks were the most popular among senior officials serving as vice ministers or in higher positions for the Yoon Suk-yeol administration, according to a local data firm report released Thursday. According to Leaders Index, 67 out of 118 officials revealed in their financial di...
South Korean lithium-ion battery manufacturer LG Energy Solution is set to complete a $916 million capital commitment for a factory in Ohio under Ultium Cells, LG’s joint venture with General Motors, as the factory prepares for mass production in the near future, a filing showed Thursday. LG Ener...
SK Trading International (SKTI), a subsidiary of SK Innovation that trades crude oil and petroleum products, said it will invest in a US company that produces electrofuels, or e-fuels, using captured carbon dioxide. Based in Sacramento, California, Infinium synthesizes hydrogen with carbon dioxide...
Posco Group builds 2nd lithium hydroxide plant in Korea
Incheon Airport completes expansion to handle 100m passengers annually
Renault Grand Koleos rises as 'game changer' in hybrid SUV market
Woori Bank taps corporate banking expert as next CEO
Zyx Technology, TMA Solutions join hands for global AI collaboration
[Contribution] Preparing for future with strategic public procurement