South Korea’s national competitiveness ranking climbed eight notches to its highest-ever 20th thanks to a leap in the country’s business efficiency, according to the 2024 IMD World Competitiveness ...

Foreign direct investments in South Korea hit a record high in 2024, driven by Chinese and Japanese investors in the manufacturing sector, the Ministry of Trade, Industry and Energy said on Tuesday.

South Korean biotechnology firm SillaJen Inc. is pioneering a new approach to determine the best dose for a cancer drug combination in clinical trials. The company said it is using organoids – small ...

Hyundai Motor Group has created a future business strategy division that serves as a control tower for the automotive group’s expansion into new areas through mergers and acquisitions and startup ...

Hanwha Systems signs $867 million missile radar deal with Saudi Arabia Hanwha Systems to develop extra-large UUV platform technology HanwhaSystems demonstrates its first unmanned surface vessel (USV) ...

S.Korea’s duty-free industry going downhill China's CDFG targets duty free operation at Incheon Airport LotteDuty Free shop entrance in Myeongdong, Seoul (Courtesy of Yonhap) Before COVID-19 swept the ...

Hankook & Company Co., the holding company of Hankook Tire & Technology Co., will ramp up battery production for energy storage systems and robots, alongside absorbent glass mat (AGM) batteries used ...

TIEN GIANG, VIETNAM – Off the coast of Vietnam’s Tien Giang Province, 36 wind turbines spin steadily with a constant whoosh and swish, generating enough electricity to power around 200,000 households ...

South Korea’s Hyundai Motor Co. and Japan’s Toyota Motor Corp., the world’s No. 3 and No. 1 automakers, respectively, are teaming up via their affiliates to accelerate the development of humanoid ...

SK Hynix Inc., the world’s second-largest memory chipmaker, reported a dramatic surge in first-quarter profits on Thursday, delivering the second-highest quarterly earnings in its history, driven by ...

Samsung SDI Co., the world’s sixth-largest electric vehicle cell maker, is set to provide batteries for energy storage systems (ESS) to NextEra Energy Inc., a major US clean energy company, in a 1 ...

South Korea’s Financial Supervisory Service (FSS) has put the brakes on Korea Zinc Inc.'s 2.5 trillion won ($1.8 billion) rights issue aimed at repaying debts used for its recent share buybacks in a ...