South Korea will look to make the most of the US Inflation Reduction Act for domestic battery and energy companies while trying to prevent drawbacks for the country’s carmakers, Minister of Industry, Trade and Energy Lee Chang-yang said Wednesd

South Korean business moguls joined a banquet hosted by President Yoon Suk-yeol on Monday to commemorate Vietnamese President Nguyen Xuan Phuc’s state visit to Seoul. Following their summit talks earlier in the day, the two presidents held a st

Intel CEO Pat Gelsinger’s planned visit to South Korea later in the week has raised expectations he will meet with the heads of major conglomerates, including Samsung Electronics Chairman Lee Jae-yong, to discuss cooperation and further partner

South Korean builder Hyundai E&C said Thursday it has begun selling flats at its newly constructed apartment complex in Namdong-gu, Incheon. Named “Hillstate Incheon City Hall Station,” the apartment complex can house a total of 746 h

Saudi Arabia's Crown Prince and Prime Minister Mohammed bin Salman arrived in Seoul on Thursday to hold talks with President Yoon Suk-yeol and top business leaders, initiating a slew of agreements worth an estimated $30 billion between the two c

Saudi Arabia Crown Prince and Prime Minister Mohammed bin Salman expected to visit South Korea later this week, with potential to meet again Korea’s top business leaders as well as sit down with President Yoon Suk-yeol. The crown prince, also r

Hanwha Group Chairman Kim Seung-youn held a banquet on Tuesday with Edwin Feulner, founder of the Washington-based policy think tank Heritage Foundation, in Seoul, to discuss ongoing geopolitical issues and its effects on the global economy. The late

South Korea’s biggest startup festival event Comeup 2022 kicked off in Seoul on Wednesday, with SMEs and Startups Minister Lee Young stressing regulatory reform and globalization as the two keywords for the nation’s startup ecosystem. &ld

The Ministry of SMEs and Startups said Thursday it plans to inject more than 2 trillion won ($1.4 billion) of investment comprised of state and private fund to incubate around 1,000 advanced technology-based startups for the next five years. Categor

South Korea’s major business groups on Sunday offered condolences to victims and their families following an overnight crowd surge that killed more than 150 people celebrating Halloween in the bustling district of Itaewon in Seoul on Saturday,

US beer brand and official sponsor of the FIFA Qatar World Cup Budweiser is hosting a World Cup viewing event in Seongsu-dong, eastern Seoul, in November, Korea distributor Oriental Brewery said Friday. Attendees can watch South Korea’s nationa

President Muhammadu Buhari Wednesday in Seoul, invited top Korean business executives to increase their investments in Nigeria, while his administration would continue to make determined efforts to improve the enabling domestic environment for businesses to flourish. Speaking during an audience he granted representatives of strategic Korean companies and industries on ...

The United States remains "fully committed" to enhancing the economic partnership with South Korea and open to talks as close allies, the top US envoy to Seoul said Thursday, amid mounting concerns over the new US law on electric vehicles (

South Korea asked the Netherlands on Tuesday to make greater investments and enhance bilateral cooperation in semiconductors and such advanced industry fields as hydrogen and nuclear power generation, Seoul's industry ministry said. Deputy Trade

The Australian Chamber of Commerce in Korea said Thursday it has co-hosted a dinner reception for the visiting Australian Federal Minister for Trade and Tourism, Sen. Don Farrell at the Four Seasons Hotel Seoul on Wednesday. The minister came after h

Renault Group will be investing hundreds of millions of euros in South Korea for the next six years to turn the country into an export hub for its mid to large-size vehicles, its CEO said Tuesday in Seoul. “We want to make Korea the key export

SoftBank Group Corp. CEO Masayoshi Son arrived in Seoul on Saturday to meet business leaders, including Samsung Electronics Vice Chairman Lee Jae-yong, on a possible deal involving UK chip designer Arm. His visit comes after the Samsung chief hinted

Business leaders and experts called for a more balanced approach to regulating the blockchain industry more effectively during a seminar hosted by the American Chamber of Commerce in Korea in Seoul on Thursday. Dunamu CEO Lee Sir-goo criticized the K

The Korea Enterprises Federation held a meeting with Chinese Ambassador to Korea Xing Haiming at a Seoul hotel on Thursday to discuss ways to further bolster economic ties between the two countries. KEF Chairman Sohn Kyung-shik and other business lea

South Korea's Second Vice Minister of Trade, Industry, and Energy, Park Il-jun, has met in the capital of the Asian country, Seoul, with the Minister of Industry, Energy and Mining of Uruguay, Omar Ignacio Paganini Herrera. The South Korean ministry announced they discussed ways to expand cooperation in the new ...