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News
KB Financial narrows choice of next chair to 3 candidates
3+ hour, 29+ min ago (229+ words) KB Financial Group's next chairman will be chosen from three candidates, including the incumbent Chairman Yang Jong-hee, the banking group announced Thursday. F...
Samsung Biologics to raise W3tr in rights issue for peptide maker deal
3+ hour, 42+ min ago (163+ words) Samsung Biologics is planning to raise over 3 trillion won ($2.2 billion) through a share offering to fund its acquisition of a peptide manufacturer and a new p...
SK hynix recognizes new union as pay talks return to table
5+ hour, 5+ min ago (167+ words) SK hynix has formally recognized a newly formed union representing production and office workers, while making clear that the group has no bargaining rights in...
S. Korea to offer debt relief to small biz owners hit by COVID-19 pandemic
6+ hour, 36+ min ago (104+ words) South Korea will offer a debt relief program for small business owners hit by the COVID-19 pandemic to help improve their financial health, the finance ministry...
[Editorial] Perils of fiscal overreach
10+ hour, 28+ min ago (431+ words) South Korea has embraced a convenient fiscal logic: Spend aggressively during downturns to stimulate growth, and spend just as aggressively during booms to fund...
Border renewables to K-food hub: Local leaders pitch bold growth plans to President Lee
1+ day, 21+ hour ago (452+ words) Local leaders brought a diverse slate of growth proposals to President Lee Jae Myung on Wednesday, from renewable energy projects along the inter-Korean border...
South Korea seeks regional power pricing, W2.8tr in industry savings
2+ day, 10+ hour ago (697+ words) National South Korea seeks regional power pricing, W2.8tr in industry savings Published: Aug. 26, 2026 - 17:45:53 Industrial users outside southern Seoul and southern Gyeonggi Province could save a combined 2.8 trillion won ($2 billion) a year in electricity costs under a regional pricing system the government…...
Learn Korean business terms before starting your own business
1+ day, 22+ hour ago (203+ words) Published: Aug. 26, 2026 - 17:30:20 Seoul Global Center will offer a free online lecture on practical Korean for people interested in starting a business in Korea. The two-hour session will run from noon to 2 p.m. Saturday via Zoom and is open to participants regardless…...
SK Innovation targets SKIET turnaround with merger, cost cuts
2+ day, 21+ min ago (572+ words) SK Innovation expects its merger with loss-making battery separator unit SK IE Technology to cut annual costs by about 60 billion won ($43.3 million) and return...
Could Samsung, SK hynix payouts lift the won?
2+ day, 40+ min ago (360+ words) The won’s recent rally could gain momentum from Samsung Electronics and SK hynix, as their record shareholder returns are expected to trigger billions of dollar...