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A South Korean pharmaceutical company is attempting something that some of the world’s largest drugmakers have spent decades
Hanwha Ocean, the shipbuilding and naval defense arm of South Korea’s Hanwha Group, is expanding its ambitions in
South Korea’s leading digital-only banks are aggressively tightening credit lines and freezing loan products, moving in lockstep with
South Korea’s competition regulator has approved NS Shopping’s acquisition of the Homeplus Express business, clearing a key step
Photo=Motionelements South Korea’s unemployment insurance system has come under renewed financial pressure, with total spending surpassing 20 trillion won ($15.2 billion) in 2025, according to data released on June 14 by the Ministry of Employment and Labor, highlighting worsening fiscal strain amid a weakening labor market. Total expenditures from the employment insurance fund rose 12.3% from a year earlier to
Photo=Motionelements South Korea is considering expanding national health-insurance coverage for hair-loss treatments while preparing a broader overhaul of its pension system, reflecting the government's effort to strengthen social protections amid demographic and economic challenges. The policy debate gained momentum on June 11 when Health and Welfare Minister Chung Eun-kyung said officials had already completed preliminary reviews of how broader insurance
Photo=BYD Chinese brands are becoming an increasingly visible part of everyday life in South Korea, with companies ranging from electric-vehicle maker BYD to tea chain Chagee expanding their presence as consumers show growing confidence in the quality and technological sophistication of Chinese products. The shift was underscored on June 15 when industry data showed BYD had become the fourth-largest imported-car
(Photo=SKhyㅜㅑ) SK Group Chairman Chey Tae-won is pushing one of the most ambitious artificial-intelligence initiatives yet proposed by a major industrial company, calling for every employee to be paired with a dedicated AI agent as South Korea’s second-largest conglomerate accelerates its transformation into an AI-native enterprise. The proposal, unveiled during SK Group’s annual New Icheon Forum, reflects how some of
(Photo=Daewoong Pharmaceutical) For decades, South Korean pharmaceutical company Daewoong Pharmaceutical was best known at home for Ursa, a liver treatment that became a household name and one of the country’s most recognizable drug brands. Today, however, the company’s growth story is increasingly being written outside South Korea—and far beyond the liver-treatment market. Driven by the overseas success of Nabota, its
