Businesskorea

Trade War Looms as U.S. Tariffs Prompt Swift Reactions from Canada and Mexico

On Jan. 1, U.S. President Donald Trump signed an executive order imposing significant tariffs on Canada, Mexico, and China, marking a new chapter in international trade tensions. The order includes an additional 25% tariff on products from Canada and Mexico and a 10% tariff on products from China. N

Trade War Looms as U.S. Tariffs Prompt Swift Reactions from Canada and Mexico

Trade

China Vows to Take Corresponding Measures to U.S. Tariffs and File WTO Complaint

Trade

On Feb. 1, U.S. President Donald Trump announced the imposition of an additional 10% tariff on Chinese imports, escalating the ongoing trade tensions between the two economic giants. This decision is part of Trump's broader policy to address trade imbalances and issues such as fentanyl, a potent syn

Won-Dollar Exchange Rate Climbs to Pre-Lunar New Year Levels

Foreign Exchanges

On Jan. 31, the Seoul foreign exchange market witnessed a significant rise in the won-dollar exchange rate, reaching 1,455 won at one point during the day. This surge marks a return to levels not seen since before the Lunar New Year holiday, when the rate had previously settled in the 1,430-1,440 wo

Lunar New Year Holidays Impact South Korea's January Export Performance

Trade

In January 2025, South Korea experienced a notable decline in exports, with 13 out of 15 major items seeing a decrease compared to the same month last year. This downturn was primarily attributed to a reduction in working days due to the Lunar New Year holidays. Despite this, semiconductor exports,

Hanwha Life Donates 'Mobile Family Center' to Jakarta Government

ESG On Jan.16,(local time) Hanwha Life Insurance announced the handover of the 'Mobile Family Center' to...

2024 Global ESG Campaign Successfully Held in Bangkok, Thailand

ESG Action for Clean Environment (ACE), a global non-profit organization dedicated to fostering global e...

China’s Cognitive Warfare Tactics Target Korean Tech Industries, Study Finds

Social A recent study has unveiled systematic efforts by China to post disparaging comments about Korean te...

Health Authorities Called to Review NHI Policies Amid Chinese Patients Represent 61.1% of Foreign Users

Social According to data submitted on September 19 by the National Health Insurance Service (NHIS) to Rep. ...

FSC Highlights Importance of Sustainability Disclosure Standards at Meeting with Corporates

ESG The Financial Services Commission (FSC) convened a corporate meeting on sustainability disclosure st...

Significant Disparity in Corporate Tax Burden Between Domestic and Foreign Companies in Korea

Social According to data submitted by the National Tax Service to Representative Chun Haram of the Reform P...

Inheritance Taxes Impact Owner Family’s Shareholding Rates in Major Korean Conglomerates

Social On September 18, a survey by Chaebol.com revealed significant changes in the shareholding rates of t...

Domestic Deep-Sea Fishing Industry Struggles with Critical Manpower Shortage

Social The domestic deep-sea fishing industry is grappling with a severe manpower shortage, as young job se...

South Korea to Become World's Most Aged Society by 2072

Social South Korea is on track to become the world's most aged society within the next 30 years, with proje...

No Training Allowances Paid to All Philippine Housekeepers

Social All 100 Philippine housekeepers who arrived in Seoul on Aug. 6 to work for the city's pilot project ...

IMF: Now is the Best Time for South Korea to Open Window for Vital Labor Market Reforms

Social The current economic improvement presents an optimal time for structural reforms in Korea's labor ma...

Coways Gets Closer to Its Environmental Goals through ESG Initiatives

ESG Back in 2006, Coway, true to its name as the “Best Life Solution Company,” pledged to follow an ESG ...

China Vows to Take Corresponding Measures to U.S. Tariffs and File WTO Complaint

Taiwan Restricts Use of Chinese AI DeepSeek Amid Security Concerns

Samsung to Supply Enhanced HBM3E Memory to Major Clients by Q1 End

Trade War Looms as U.S. Tariffs Prompt Swift Reactions from Canada and Mexico

Trump Signs Executive Order Imposing Tariffs on Canada, Mexico, and China Starting Feb. 4

South Korea to Import 7 Million Tons of U.S. LNG Annually in Strategic Energy Shift

Samsung Electronics Supplies 'HBM3E 8-Stack Product' to NVIDIA

DeepSeek's AI Breakthrough Fuels Tension in U.S.-China Technological Battle

Trade War Looms as U.S. Tariffs Prompt Swift Reactions from Canada and Mexico

Naver Becomes South Korea's First Internet Platform to Reach 10 Trillion Won Revenue

China Vows to Take Corresponding Measures to U.S. Tariffs and File WTO Complaint

SK Group Chairman's U.S. Visit Signals Strengthened Economic Ties Amid Global Challenges

South Korea Eyes AI as Key National Strategic Technology for Economic Growth

Open-source AI Models Set to Dominate with 70-80% Market Share

Won-Dollar Exchange Rate Climbs to Pre-Lunar New Year Levels

DeepSeek's Impact on AI and Semiconductor Markets Raises Global Technology Concerns

Netflix Announces June 27 Release for 'Squid Game' Season 3

Chinese Startup DeepSeek's AI Model Release Spurs Global Tech Industry Repercussions

South Korea Launches National Bio Committee to Propel Biotech Industry

Doosan Skoda Power's IPO Marks Key Step in European Nuclear Market Penetration

SK Hynix Labor Dispute Intensifies Over Bonus Distribution and Wage Talks

South Korea to Import 7 Million Tons of U.S. LNG Annually in Strategic Energy Shift

Samsung Electronics Supplies 'HBM3E 8-Stack Product' to NVIDIA

Prosecution Indicts President Yoon on Charges of Leading Insurrection

Trade War Looms as U.S. Tariffs Prompt Swift Reactions from Canada and Mexico

China Vows to Take Corresponding Measures to U.S. Tariffs and File WTO Complaint

Won-Dollar Exchange Rate Climbs to Pre-Lunar New Year Levels

Lunar New Year Holidays Impact South Korea's January Export Performance

Prosecution Indicts President Yoon on Charges of Leading Insurrection

Court Denies Extension of Detention for President Yoon

Naver Becomes South Korea's First Internet Platform to Reach 10 Trillion Won Revenue

South Korea Eyes AI as Key National Strategic Technology for Economic Growth

Open-source AI Models Set to Dominate with 70-80% Market Share

Prosecution Indicts President Yoon on Charges of Leading Insurrection

Trump Says He Will Reach Out to Kim Jong Un Again

Court Denies Extension of Detention for President Yoon

UNIST Develops High-entropy MOF for Efficient Deuterium Separation at Elevated Temperatures

ETRI and ANL Join Forces to Advance Space-resistant Semiconductor Technology

Korea and ASEAN to Deepen Digital Alliance at Ministerial Meeting in Bangkok

Samsung Fire & Marine Insurance Aims to Maintain K-ICS Ratio 220%, ROE 11-13%

South Korea to Issue 100 Bil. Won in Government Bonds for Individual Investors

Taiwan’s Leading Bank Enters Korean Market with Representative Office

Hanwha Life Donates 'Mobile Family Center' to Jakarta Government

2024 Global ESG Campaign Successfully Held in Bangkok, Thailand

China’s Cognitive Warfare Tactics Target Korean Tech Industries, Study Finds

Health Authorities Called to Review NHI Policies Amid Chinese Patients Represent 61.1% of Foreign Users

FSC Highlights Importance of Sustainability Disclosure Standards at Meeting with Corporates

Significant Disparity in Corporate Tax Burden Between Domestic and Foreign Companies in Korea

Inheritance Taxes Impact Owner Family’s Shareholding Rates in Major Korean Conglomerates

Domestic Deep-Sea Fishing Industry Struggles with Critical Manpower Shortage

South Korea to Become World's Most Aged Society by 2072

No Training Allowances Paid to All Philippine Housekeepers

IMF: Now is the Best Time for South Korea to Open Window for Vital Labor Market Reforms

Coways Gets Closer to Its Environmental Goals through ESG Initiatives

Naver Becomes South Korea's First Internet Platform to Reach 10 Trillion Won Revenue

South Korea Eyes AI as Key National Strategic Technology for Economic Growth

Open-source AI Models Set to Dominate with 70-80% Market Share

Industry Calls for Korean-style AI Innovation to Compete with the U.S. and China

Korean Steel Giants Navigate Economic and Protectionist Challenges for U.S. Growth

Doosan Skoda Power's IPO Marks Key Step in European Nuclear Market Penetration

HS Hyosung Advanced Materials Considers Divesting Steel Cord Division

Hanwha Ocean Achieves First Profitable Year in Four Years

Hyundai Motor and Georgia Tech Forge Partnership for Future Mobility Innovations

Domestic Electric Vehicle Chargers Surpass 400,000 Units

Proposed U.S. Tariffs Threaten Korea GM's Recent Profit Turnaround

Hyundai Motor Group to Test Atlas Robot in Real-world Production Settings

Daewoong Pharmaceutical Launches Nabota in Saudi Arabia

Celltrion's Autoimmune Disease Treatment 'Aptozuma' Receives U.S. Approval

South Korea Lags Behind China and Japan in FDA New Drug Approvals

South Korea Launches National Bio Committee to Propel Biotech Industry

Korea+Sweden Young Design Award 2025 Launches for Future Living Space Innovations

Kurly Food Festa 2024 Kicks Off in Seoul with Double the Scale of Last Year

University of Utah Asia Campus Recognized by Incheon Mayor for Community Contributions