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HD Hyundai deepens defense shipbuilding partnership in India
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KDI signals Korea growth bottoming out
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Gen Z picks Zeta: Korean chatbot overtakes ChatGPT
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Why big tech is betting billions on South Korea’s AI future
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South Korea weighs raising retirement age to 65 amid labor-business divide
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Otoki unveils halal-certified Jin Ramen in Indonesia
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SK to pour 128 tln won into domestic investment through 2028
South Korean conglomerate SK Group said Sunday it will invest 128 trillion won ($87.9 billion) through 2028 in the domestic market, with a focus on chip manufacturing to meet the growing demand in artificial intelligence fields. The chip-to-chemical enterprise will build four large-scale semiconductor fabrication plants over the years in its main Yongin chip cluster, south of Seoul, with the amount of investment likely to increase to up to 600 trillion won. The announcement came after SK Group C
Nov. 16, 2025 -
Samsung to invest W450tr in next 5 years for new facilities, R&D in Korea
Samsung Electronics said Sunday it will invest 450 trillion won ($309.2 billion) in the next five years to build new manufacturing plants in South Korea for its key affiliates. The announcement came after Samsung Electronics Chairman Lee Jae-yong met with South Korean President Lee Jae Myung along with chiefs of other conglomerates to discuss the recent tariff agreement with the US and their companies' domestic investment. Samsung said part of the 450 trillion won investment will be spent on fac
Nov. 16, 2025 -
Lee pledges regulatory overhaul to remove barriers for businesses
South Korean President Lee Jae Myung vowed to remove regulatory barriers to support business activities during a Sunday meeting with heads of the country’s top conglomerates, held to discuss follow-up measures to the recently closed tariff deal with the US. Underscoring their joint efforts in successfully concluding the tariff negotiation, Lee also expressed appreciation for the dedication of corporate leaders. “I will do my best to minimize the barriers for companies to do business. It is the r
Nov. 16, 2025 -
US naval chief visits HD Hyundai to discuss Korea–US shipbuilding partnership
US Chief of Naval Operations Adm. Daryl Caudle visited HD Hyundai Heavy Industries, Korea’s largest shipyard, to explore potential shipbuilding collaboration between Korea and the US, according to HD Hyundai on Sunday. The visit comes after US Navy Secretary John Phelan visited the same shipyard in April to inspect the company’s next-generation Aegis destroyer, Jeongjo the Great. Caudle’s tour on Saturday was guided by HD Hyundai Chairman Chung Ki-sun, after their discussion on strengthening the
Nov. 16, 2025 -
Police to probe e-scooter firms after unlicensed teen crash leaves mother in coma
South Korean police are weighing criminal liability for e-scooter rental companies after a teen riding a scooter critically injured a woman in Incheon last month, a case that has intensified public anger over a service already strained by years of accidents, sidewalk conflicts and government crackdowns. Police confirmed they are reviewing whether rental platforms facilitated unlicensed riding in the Songdo accident on Oct. 18, which involved two middle school students who crashed into a woman wa
Nov. 16, 2025 -
SK Chemicals zeroes in on recycling, next-level copolyester
SK Chemicals is doubling down on recycling and advancing its copolyester technology, as the Korean green chemical firm seeks to maintain and expand its lead in the global market. “We collect polyester waste, break down polyester from such waste into raw materials and polymerize them. In other words, advancing our chemical recycling business is the most important next step for us,” said Kim Eung-soo, head of SK Chemicals’ Green Materials Business, in an interview with The Korea Herald at the comp
Nov. 16, 2025 -
Hyundai Motor plans record W125.2tr Korea investment by 2030
Korea's automotive-to-steelmaking conglomerate Hyundai Motor Group will invest an unprecedented 125.2 trillion won ($86 billion) in Korea over the next five years, as tariff pressures have eased following a recent US-Korea agreement. According to the group on Sunday, the investment is intended to secure long-term growth engines and support Korea’s push to become a global mobility innovation hub, while also protecting Korea’s supply chains amid rising global protectionism. The amount will surpass
Nov. 16, 2025 -
Korea’s big-cap club grows as market value soars
Korea’s equity rally in the second half of the year has expanded the ranks of its market heavyweights, with 14 more companies crossing the 10 trillion won ($6.9 billion) valuation mark. Korea Exchange data released Sunday show 61 firms now above that threshold, up from 47 in May before the market’s sharp advance. Most of the newcomers are listed on the benchmark Kospi, while only three — biopharmaceutical firm Alteogen, battery-materials maker Ecopro BM and its parent Ecopro — came from the Kosd
Nov. 16, 2025 -
Samsung forms M&A unit, raising anticipation for Lee’s next moves
As Samsung Electronics formally establishes a mergers and acquisitions team within its newly launched Business Support Office, anticipation is building over the tech giant and its chaebol chief charting a fresh management strategy heading into the new year. Earlier this month, Samsung upgraded its Business Support Task Force into a permanent organization, and, just a week later, added its first-ever team devoted solely to M&A. With the shift coming after Samsung Electronics Chairman Lee Jae-yong
Nov. 16, 2025 -
All Kospi-listed firms required to file in English by 2028
Korea will require Kospi-listed companies with at least 2 trillion won ($1.4 billion) in assets to file key regulatory disclosures in English next year, with the mandate expanding to all Kospi firms by 2028, the nation’s top financial regulator said. Beginning in May, large Kospi companies will need to provide English-language filings on dividends, rights offerings, treasury share cancellations and other major events, according to the Financial Services Commission. The move is the second stage o
Nov. 16, 2025 -
Overseas stock purchases by S. Korean retail investors hit record high in Nov.
South Korean individual investors' net purchases of overseas stocks reached a new high for a half-month period in November, driven by their aggressive investment patterns, officials said Sunday. Local investors bought a net $3.63 billion worth of foreign stocks in the first 14 days of this month, more than double the $1.77 billion recorded during the same period last month, according to the Korea Securities Depository and the Korea Center for International Finance. While US stocks accounted for
Nov. 16, 2025 -
Lee to meet with business leaders after finalizing summit document on US trade deal
President Lee Jae Myung will meet with leaders of major South Korean business groups this weekend to discuss follow-up measures after the release of a joint summit document with the United States on trade and other issues, his office said Friday. The meeting comes after Seoul and Washington released the joint fact sheet on Friday outlining the agreements reached in their two recent summits, including details of Seoul's $350 billion investment plans in the US in exchange for reducing US tariffs f
Nov. 14, 2025 -
US auto tariff cut could be backdated to Nov. 1, but questions remain over chips
South Korea and the US set the tariff rate at 15 percent on a range of Korean goods after finalizing a joint fact sheet on their trade deal Friday, ending months of uncertainty for Korean exporters, with reduced auto duties potentially taking affect retroactively from Nov 1. The two countries released full details of the deal two weeks after an October summit between South Korean President Lee Jae Myung and US President Donald Trump. Seoul agreed to a $350 billion investment pledge during their
Nov. 14, 2025 -
Mercedes-Benz to launch 40 new models, deepens ties with Samsung, LG
Mercedes-Benz has unveiled a plan on Friday to launch 40 vehicle lineups globally and in Korea by 2027, while highlighting partnerships with Samsung and LG that it says will add further momentum to its technology ambitions. At the Mercedes-Benz Future Strategy Conference in Incheon earlier in the day, Mercedes-Benz Group AG CEO Ola Kallenius said the upcoming lineup will span fully electric models, plug-in hybrids and electrified high-end combustion vehicles. He also offered a preview of next ye
Nov. 14, 2025 -
Foreign buying spree on Korean stocks continues for 6th month
Foreign investors invested over 4 trillion won ($2.8 billion) into the South Korean stock market in October, marking six consecutive months of net buying, data showed Friday. Offshore investors purchased a net 4.2 trillion won in listed stocks last month, according to the Financial Supervisory Service. Of that amount, 4.195 trillion won went into the main bourse Kospi, while 10 billion won was invested in the secondary bourse Kosdaq. Foreign investors’ combined stock holdings stood at 1,248.9 tr
Nov. 14, 2025