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South Korea’s largest corporations are increasingly turning back to veteran insiders to lead their businesses, signaling a broader
Shinsegae Department Store is deepening its push into South Korea’s ultra-premium consumer market by partnering with Italian supercar
A major South Korean retail conglomerate is joining forces with one of K-pop’s biggest stars in a strategic
Long before BLACKPINK filled stadiums worldwide and BTS turned K-pop into a mainstream force in the U.S. music
Photo=KAI South Korea’s KF-21 Boramae fighter-jet program is facing mounting budget pressure after defense officials disclosed May 12 that projected production costs for the next batch of aircraft had surged by nearly $3.1 billion, raising concerns that deployment timelines could slip. According to documents submitted by the Defense Acquisition Program Administration to lawmakers, the estimated cost of producing an additional
South Korean won money bills in big amount lies on South Korea flag close up. Finance and banking concept South Korea posted the fastest economic growth among major economies in the first quarter, central bank data released May 12 showed, underscoring the country’s rebound on the back of booming semiconductor exports and stronger corporate earnings. The country’s real gross domestic
Photo=Samsung Samsung Electronics resumed high-stakes bonus negotiations with its labor unions on May 11, reopening talks just 45 days after discussions collapsed in March, as disputes over performance-based pay intensify and raise the risk of broader labor unrest. The two-day negotiations, running through May 12, are being held under a government-mediated post-arbitration process designed to prevent a full-scale strike. The
Photo=Motionelements On May 10, data from market-research firm ResearchAndMarkets underscored how quickly South Korea’s retail landscape is shifting from next-day shipping to near-instant fulfillment, as e-commerce platforms and traditional retailers compete for dominance in a rapidly expanding quick-commerce market. The sector is projected to reach $7.5 billion by 2029, up from about $5.5 billion in 2024, expanding at an average
Mobile Stock Market Trading in Real Time South Korea’s blistering stock-market rally accelerated in early May, triggering a wave of leveraged betting by retail investors eager to avoid missing further gains. Outstanding balances on personal overdraft accounts at the country’s five largest commercial banks reached $29.5 billion on May 7, up about $520 million from the end of April after
