South Korea has set next year’s hourly minimum wage at 10,030 won ($7.3) – a 1.7% increase from this year’s 9,860 won, the second-slowest growth pace since the 1.5% rise in 2021. However, small ...

South Korea’s second-largest conglomerate SK Group is seeking to divest SK Signet Inc., four years after acquiring the EV charger manufacturing business, as part of its sweeping portfolio rebalancing ...

South Korea’s top steel group POSCO has shipped lithium hydroxide, a rechargeable battery’s key raw material produced jointly with Australia-based Pilbara Minerals Ltd., from their joint factory in ...

Samsung Electronics Co. has launched a major push into next-generation microdisplays for augmented reality (AR) glasses as it aims to position itself at the forefront of a fast-growing global market ...

South Korea's Lotte GRS, the operator of fast food franchise Lotteria, plans to introduce a kitchen automation robot Alpha Grill in stores. Alpha Grill is a South Korean kitchen automation robotics ...

BNK Asset Management Co.'s bid to acquire the Hyundai Motor Securities building in central Seoul has hit a stumbling block as the main tenant, Hyundai Motor Securities Co., has exercised its right of ...

Hanwha Asset Management Co., a financial service sibling of South Korea’s major defense and aerospace developer Hanwha Aerospace Co., is seeking to list a Korean defense stocks-tracking ...

Asia-focused private equity firm MBK Partners is acquiring Medit Corp., the world’s third-largest 3D dental scanner maker, for 2.45 trillion won ($2 billion). MBK on Thursday signed a share purchase ...

Young South Korean millionaires, placing bold wagers on unconventional financial assets such as cryptocurrencies and art, are gaining ground fast, growing in number at twice the rate of their older ...

DB Insurance Co., a leading South Korean non-life insurance company, has become Daol Investment & Securities Co.'s second-largest shareholder after purchasing a 9.73% stake in the small-sized ...

Alaska Governor Mike Dunleavy arrived in South Korea on Monday to hold a series of one-on-one meetings with top executives from Korean energy and steel companies as the state seeks partners for its ...

Hyundai Mobis Co., the auto parts arm of Hyundai Motor Group, will expand into robotics and automotive semiconductors in a bid to secure new growth engines as the industry braces for the humanoid ...