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South Korean business & finance

  • Tuesday, 8 October, 2024
    Samsung Electronics Co Ltd
    Samsung issues public apology after falling behind on AI

    Chip division head says performance has not met expectations as company’s latest earnings guidance disappoints

    Flags with the Samsung Electronics logo and the South Korean national flag fly in front of a modern high-rise building at Samsung Electronics' headquarters in Suwon, South Korea
  • Wednesday, 2 October, 2024
    Private equity
    Bain joins battle for control of world’s biggest zinc smelter

    Big commodities groups watching outcome as founding families vie for Korea Zinc

    Water vapour and smoke rise from the Korea Zinc smelting factory in Ulsan, South Korea
  • Tuesday, 24 September, 2024
    Bank of Korea
    South Korea’s central bank chief warns over Gangnam-style housing boom

    Rhee Chang-yong calls for caps on university admissions from upmarket capital districts to check price growth

    Pedestrians walk along a street in the Gangnam district of Seoul, with modern buildings and trees lining the sidewalk. A person is seen sweeping the pavement on the left side of the image.
  • Wednesday, 18 September, 2024
    Global Economy
    South Korea emerges as a top US investor as China tensions escalate

    US project commitments from South Korean companies totalled $21.5bn last year, more than any other country

    The Hyundai electric-vehicle and battery manufacturing plant under construction in Ellabell, Georgia
  • Tuesday, 17 September, 2024
    News in-depth
    From steel to kimchi, South Korean exporters face flood of Chinese rivals

    Overproduction, tariffs and weak demand increase competition with a glut of low-cost goods

    Workers wash cabbage in a kimchi factory in Yeoncheon, South Korea
  • Sunday, 15 September, 2024
    South Korea’s stock exchange chief defends slow start to corporate reform drive

    Only 1% of 2,600 listed companies have signed up to new initiative aimed at boosting valuations

    Jeong Eun-bo  speaks at a press conference
  • Wednesday, 4 September, 2024
    Inside BusinessChristian Davies
    The real lessons South Korea should learn from an EV fire

    Alarm has risen in Seoul over industrial groups losing their technological edge

    A car park with vehicles that were destroyed as the result of a Mercedes Benz electric vehicle fire in Incheon, South Korea on August 2 2024
  • Thursday, 29 August, 2024
    Nuclear energy
    South Korea pushes to export nuclear reactors to Europe

    Asian nation seeks to become leading player in market dominated by China and Russia

    The Barakah nuclear power plant under construction  in the desert of Abu Dhabi
  • Wednesday, 7 August, 2024
    Kakao Corp
    Tech tycoon’s arrest dents South Korea’s fintech and AI ambitions

    Case of Kakao founder Kim Beom-su shines light on dysfunctional relationship between business, politics and law enforcement

    Montage featuring Kim Beom-su, Kakao’s logo and and the Kakao app on a smartphone screen
  • Thursday, 25 July, 2024
    South Korea Society
    ‘A Moncler winter jacket has become like a school uniform’: children’s luxury booms in South Korea

    Parents and grandparents spoil their kids with expensive fashion products as low birth rate leads to smaller families

    Five young attendees of Seoul Fashion Week dressed in designer clothing pose for photographers in October 2017
  • Wednesday, 24 July, 2024
    Inside BusinessChristian Davies
    Seoul push to end ‘the Korean discount’ hits a snag

    Critics of a Doosan group restructuring argue the country needs a fiduciary duty standard for shareholders

    Seoul city skyline
  • Tuesday, 23 July, 2024
    Kakao Corp
    Billionaire founder of Kakao arrested in K-pop stock manipulation case

    South Korean internet company’s chief in custody over bidding battle with agency behind boy band BTS

    Brian Kim outside the Seoul Southern District Court
  • Wednesday, 17 July, 2024
    Prosecutors push for arrest of tech billionaire at centre of K-pop bidding battle

    Move to detain Kakao founder Brian Kim follows regulator’s vow to crack down on insider trading

    Members of K-pop boy band BTS dancing across a stage
  • Sunday, 14 July, 2024
    News in-depthSamsung Electronics Co Ltd
    Samsung’s ‘chip crisis’: AI ambitions hit by unprecedented worker unrest

    Korean tech giant risks losing disenchanted engineers to domestic rival SK Hynix

    Samsung head of mobile on stage at a launch event in Paris
  • Wednesday, 10 July, 2024
    Technology sector
    Samsung launches foldable phones with enhanced AI to stay ahead of Chinese rivals

    Smartphone maker adds new capabilities in niche premium segment to combat being undercut on price

    Illustration of Samsung’s new Fold6 phone
  • Monday, 8 July, 2024
    Samsung Electronics Co Ltd
    Samsung Electronics hit by unprecedented 3-day strike

    Thousands of workers take action over pay and conditions at South Korean tech company

    Smasung workers line up on stage during a rally outside the company’s semiconductor plant in Hwaseong
  • Sunday, 7 July, 2024
    Batteries
    Battery maker SK On declares ‘emergency’ as EV sales disappoint

    Supplier to Ford and Volkswagen may have to be rescued by its South Korean parent as losses mount

    Two employees walk down the hallway of an SK On battery factory in South Korea
  • Friday, 5 July, 2024
    Samsung Electronics Co Ltd
    Samsung expects profits to surge on demand for AI chips

    World’s largest memory chipmaker forecasts 15-fold rise in second-quarter figures

    A Samsung sign outside the company’s offices in Seoul
  • Wednesday, 3 July, 2024
    Batteries
    Indonesia boosts EV ambitions with first battery factory

    South-east Asian country is pushing to move up electric vehicle value chain

    Employees work on a car at Hyundai’s factory in Cikarang, Indonesia
  • Thursday, 27 June, 2024
    IPOs
    Webtoon Entertainment to debut on Nasdaq as latest Korean cultural export success

    Online comics platform prices IPO at top of range for $2.7bn valuation

    A South Korean comics artist works at his desk with a computer monitor and a tablet showing two comic book covers and a wall behind him covered with photos and illustrations
  • Monday, 24 June, 2024
    South Korea
    Fire at South Korean lithium battery plant kills 22

    Most of dead at factory reported to hail from China as cause of explosion that sparked blaze remains unclear

    The remains of the Aricell battery factory where 22 workers died in a fire
  • Tuesday, 11 June, 2024
    News in-depthTechnology sector
    Data leak at SoftBank joint venture sparks blame game between Tokyo and Seoul

    Japanese officials say South Korea’s Naver should cut stake in Line Yahoo on security grounds

    The two men look directly at each other from either sides of the frame
  • Sunday, 2 June, 2024
    InterviewAerospace & Defence
    South Korea seeks to join top arms dealers with new fighter jet engine

    Hanwha Aerospace has partnered with the government to move up the defence value chain

    A South Korean air force KF-21 fighter jet flies in the air
  • Monday, 27 May, 2024
    Maker of Shin instant ramen expands overseas as Korean noodles become hit

    Nongshim’s products have gone mainstream in US, where the company plans to add production lines

    A tram decorated with an advertisement for Shin Ramyun noodles on its exterior stops at Amsterdam Central Station
  • Tuesday, 21 May, 2024
    Samsung Electronics Co Ltd
    Samsung replaces semiconductor chief as it chases AI chip rivals

    Electronics group trails South Korean peer SK Hynix in high-bandwidth memory chips for artificial intelligence

    A man uses his phone in front of a large digital display with circuit designs and the words ‘Samsung Semiconductor’
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