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Behind Korea’s tariff deal: Chaebol diplomacy at work
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European chamber raises alarm over Korea’s 'Yellow Envelope' bill
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Seoul, Washington strike $450b deal to cap US tariffs at 15%
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Seoul draws red line: Why high-precision map data excluded from US trade deal
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From US to Scotland, Korea chases last-minute deal to dodge tariff hit
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Korea sails into US shipbuilding with $150b MASGA push
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Hyundai builds local fan base with Japan’s first official owner club
Japan's first official Hyundai Motor fan club has been established, marking a milestone in the brand’s growing presence since its reentry into the market in 2022, Hyundai Motor Company said Tuesday. Hyundai Motor Club Japan, formed by local owners and enthusiasts of Hyundai vehicles, held its launch ceremony on Sunday in Fujinomiya, Shizuoka Prefecture, Japan. The club, comprised largely of electric vehicle drivers, is expected to become a key channel for sharing Hyundai EV ownership experiences
Aug. 5, 2025 -
Hanwha outpaces chaebol rivals in market cap growth
Hanwha Group has witnessed the biggest increase in corporate value among South Korea’s top 10 conglomerates this year, highlighting its key role in the country’s recent trade negotiations with the US. As of Aug. 1, the market capitalization of Hanwha Group and its 12 listed subsidiaries on the nation’s main bourse, the Kospi exchange, skyrocketed 177.5 percent to 120.7 trillion won ($86.9 billion) compared to the end of 2024. This marks the highest growth rate among South Korea's 10 biggest corp
Aug. 5, 2025 -
Korea’s first won-pegged digital token debuts in test by fanC
South Korea’s first won-pegged stablecoin was test-launched Tuesday by fanC, the developer and issuer of the namesake digital token, in partnership with local financial software firm Initech, marking a key step toward the adoption of won-denominated stablecoins. Named KRWIN, the stablecoin is pegged one-to-one to the Korean won. It is the first time a private entity has issued a won-based digital asset with potential use in the real economy. According to fanC, the release is a demo launch to tes
Aug. 5, 2025 -
Korean Air to debut premium economy next month
Korean Air, the country’s flag carrier, announced Tuesday the introduction of a new cabin tier -- Premium Class -- positioned between business and economy class, as part of a fleet-wide cabin interior upgrade to modernize its aircraft and improve the passenger experience. The new 40-seat cabin will debut across 11 retrofitted Boeing 777-300ER aircraft, with operations on medium-haul routes set to begin in mid-September. The project is a 300 billion won ($216 million) company-wide initiative that
Aug. 5, 2025 -
Samsung launches InnoX Lab to lead next-gen AI innovation
Samsung Electronics has established a new organization dedicated to advancing humanoid robots, digital twin solutions and physical artificial intelligence technologies as part of its broader strategy to lead in the era of AI. According to industry sources on Tuesday, the tech giant's device experience division has launched InnoX Lab. Internally announced to employees on Monday, the lab is tasked with accelerating the company’s response to emerging megascale challenges and bold strategic initiati
Aug. 5, 2025 -
Seoul shares open sharply higher on US gains
South Korean stocks opened sharply higher Tuesday, tracking overnight gains on Wall Street driven by hopes for rate cuts. The benchmark Korea Composite Stock Price Index rose 59.1 points, or 1.88 percent, to 3,206.85 in the first 15 minutes of trading. Overnight, US stocks gained ground on hopes the Federal Reserve may go for multiple rate cuts later this year to support the economy following a weaker-than-expected jobs report released over the weekend. The Dow Jones Industrial Average closed 1.
Aug. 5, 2025 -
Consumer prices rise 2.1% in July on higher industrial goods, service costs
South Korea's consumer prices grew by more than 2 percent for the second consecutive month in July, mainly driven by higher costs of industrial goods and services, government data showed Tuesday. Consumer prices, a key gauge of inflation, increased 2.1 percent from a year earlier last month, according to the data from Statistics Korea. Inflation had remained above the Bank of Korea's 2 percent target for four consecutive months through April before slowing to 1.9 percent in May. It then edged up
Aug. 5, 2025 -
Seoul shares end higher on bargain hunting, US rate cut hopes; won sharply up
South Korean stocks closed higher Monday as investors purchased blue chip shares at bargain rates after a steep fall last week and on heightened expectations for the US Federal Reserve's pivot to monetary easing. The Korean won rose sharply against the US dollar. The benchmark Korea Composite Stock Price Index climbed 28.34 points, or 0.91 percent, to close at 3,147.75. Trade volume was a little slim at 291 million shares worth 9.66 trillion won ($6.98 billion), with winners outnumbering losers
Aug. 4, 2025 -
![[Contribution] Is China equity recovery durable?](jpg/news-p.v1.20250730.f513ce50602c41fb9e37a37d8ec73fce_t13496.jpg)
[Contribution] Is China equity recovery durable?
By Raymond Cheng China’s equity rally faces a wall of scepticism after years of false dawns. However, this time could be different: Beijing’s crackdown on irrational competition in key industries and sustained stimulus, compounded by moderating US trade rhetoric ahead of a potential Trump-Xi meeting, are setting the stage for a sustainable equity market rebound most are missing. The Hang Seng index and MSCI China index have soared over 25 percent year to date. However, China equities still regis
Aug. 4, 2025 -
Korea’s anti-obesity drug race in 2 minutes
A lot of people are trying to lose weight for a healthier life, a better appearance or self-satisfaction — but losing weight is not all that easy. For those struggling to cut fat, anti-obesity medications are practically magical. With the global weight-loss drug market expected to reach $150 billion in 2035, Korean pharmaceutical companies are rushing to come up with their own anti-obesity medications. Here’s how far they have come so far.
Aug. 4, 2025 -
LG Chem begins construction of Korea’s first 'green diesel' plant
LG Chem has begun construction on Korea’s first hydrotreated vegetable oil production facility, furthering the company’s strategy to bring the supply of eco-friendly raw materials in-house amid rising global demand for sustainable alternatives. The company announced Monday that construction has started on the HVO plant in Seosan, South Chungcheong Province. Once completed in 2027, the facility is expected to produce 300,000 tons of HVO annually. HVO, sometimes called green diesel, is produced by
Aug. 4, 2025 -
Samyang future-proofs ‘swicy’ trend with trademark filing
Samyang Foods, the South Korean food giant behind Buldak Ramen, is staking an early trademark claim on this year’s hottest flavor: a sweet-and-spicy combo known as swicy. According to industry sources Monday, Samyang filed to register “Buldak Swicy” with the Korean Intellectual Property Office last month, followed about a week later by a filing for a colored logo featuring the term. The move signals the company’s bid to capitalize on a flavor trend that has drawn growing attention from global me
Aug. 4, 2025 -
![[Photo News] Woori Bank's dealing room revamped](jpg/news-p.v1.20250804.c704de0b1cdf4ce2ab03fad51a105966_t13496.jpg)
[Photo News] Woori Bank's dealing room revamped
Woori Bank CEO Jung Jin-wan (center) poses with company officials during a ceremony marking the renewal of the bank’s global dealing room at its headquarters in central Seoul on Monday. The revamped facility now includes a new electronic display and ticker board for real-time monitoring of global markets. The renovation comes as Woori Bank steps up its foreign exchange operations. Last year, it launched the digital trading platform “Woori Won FX” and established a dedicated foreign exchange desk
Aug. 4, 2025 -
Samsung to exclusively stream Jonas Brothers’ concert tour in 17 countries
Samsung Electronics announced Monday that it will exclusively stream the Jonas Brothers’ 20th anniversary tour, "Jonas 20: Greetings from Your Hometown," through its free streaming platform Samsung TV Plus. The broadcast will span 17 countries, including South Korea, the United States and France, strengthening Samsung’s growing presence in the global Free Ad-supported Streaming TV market. Kicking off with the group’s MetLife Stadium concert in New Jersey on Aug. 11, Samsung TV Plus will stream f
Aug. 4, 2025 -
GS Caltex becomes first oil refiner to win Red Dot awards for app innovation
South Korean oil refiner GS Caltex said Monday that it has won two main honors at the 2025 Red Dot Design Award for its Energy Plus app, recognizing the company for its continued efforts to improve the customer experience at gas stations through digital innovation. The company became the first oil refiner to win the industry honor. The Energy Plus app received accolades in two categories — Apps and Interface & User Experience Design — under the Brands & Communication Design segment. Entries are
Aug. 4, 2025