South Korea Business & Industry

Korean business news covering major corporations, industrial sectors, semiconductors, and trade.

HD Hyundai Chairman Visits Philippines to Strengthen Bilateral Ties

HD Hyundai Chairman Chung Ki-sun visited the company's Philippine operations to encourage local employees and paid respects at a Korean War veterans memorial, taking on a bridging role to promote Kore...

Published 2026.03.05. 17:03:53 | By Song Joo-hee

Hyundai Mobis Expands Robot Parts Business, Boosts Supply to Atlas

Hyundai Mobis (012330), the parts affiliate of Hyundai Motor Group (005380), is accelerating its expansion into robot components. The move comes as Bo...

Published 2026.03.05. 16:33:58 | By Kimoon Shim

Hyosung Contributes Record 16 Billion Won to Partnership Fund

Hyosung is contributing 16 billion won to support its suppliers and local communities. Hyosung announced on the 5th that it signed a "Business Agreem...

Published 2026.03.05. 16:15:23 | By Yoo Hyun-wook

FSS to Issue Nullification Certificates for Loans Exceeding 60% Annual Interest

The Financial Supervisory Service (FSS) will issue nullification certificates under the FSS Governor's name to illegal private lenders who have entere...

Published 2026.03.05. 15:47:09 | By Lee Seung-bae

CJ CheilJedang Creates CEO-Led 'Future Innovation Office' for Major Overhaul

CJ CheilJedang has established a new organization called the "Future Innovation Office" directly under the CEO to drive business restructuring and org...

Published 2026.03.05. 15:41:12 | By Kang Dong-hun

Korea to Cap Gas Prices Amid War Profiteering Concerns

The Korean government will swiftly review imposing maximum price caps on petroleum sales and conduct over 2,000 special inspections monthly in respons...

Published 2026.03.05. 15:36:02 | By Kim Byung-hun

New KNOC Chief Vows Objective Review of Deep-Sea Gas Project

Sohn Joo-seok, former chairman of Korea Petroleum Quality & Distribution Authority, was inaugurated as the new president of Korea National Oil Corpora...

Published 2026.03.05. 15:35:13 | By Joo Jae-hyun

Funeral Homes Caught Paying Kickbacks to Secure Bereaved Families

A funeral service provider has been caught by the Fair Trade Commission (FTC) paying hundreds of millions of won in kickbacks to mutual aid companies ...

Published 2026.03.05. 15:14:05 | By Yunjin Cho

Korean Flour Millers Board Resigns Over Price-Fixing Probe

The Korea Flour Millers Association announced at its regular general meeting on the 5th that its entire board of directors will resign to take respons...

Published 2026.03.05. 15:11:45 | By Kim Yeon-ha

Samsung Electronics Launches 2026 Inverter Dehumidifier with AI-Powered Energy Savings

Samsung Electronics (005930) announced on the 5th that it has launched its 2026 inverter dehumidifier, which uses artificial intelligence (AI) to impr...

Published 2026.03.05. 15:08:43 | By Kim Woo-bo

Qatar Helium Halt Threatens Global Chip Supply Amid Iran Conflict

The war between the U.S.-Israel alliance and Iran has caused prolonged disruption to LNG production in Qatar, one of the world's top three liquefied n...

Published 2026.03.05. 14:47:49 | By Cho Yang-jun

BOK Chief Urges Shift to Risk-Sharing Model in Industrial Policy

Bank of Korea Governor Lee Chang-yong called for a fundamental shift in government industrial policy toward risk-sharing with private financial instit...

Published 2026.03.05. 14:47:08 | By Kim Hye-ran

Hyundai Motor AVP Chief Calls for 'One Team' Approach to Lead Next-Gen Mobility

Park Min-woo, newly appointed head of Hyundai Motor Group's Advanced Vehicle Platform (AVP) division, emphasized his commitment to "lead next-generati...

Published 2026.03.05. 14:08:30 | By Sim Ki-moon

Korea Launches Public-Private Council to Boost SMEs, Startups

The Korean government has launched a public-private policy council bringing together small and medium-sized enterprises, startups, venture companies, ...

Published 2026.03.05. 14:00:05 | By Seok Ryu

Korea to Import 4.71 Million Eggs Amid Bird Flu Outbreak

The South Korean government will import additional fresh eggs as the spread of highly pathogenic avian influenza (AI) is expected to worsen the domest...

Published 2026.03.05. 13:49:36 | By Kim Byung-hoon

Korea Launches Emergency Export Support for SMEs Amid Middle East Crisis

The Korean government has launched emergency support measures for small and mid-sized exporters struggling with business disruptions caused by the esc...

Published 2026.03.05. 11:02:44 | By Jae-hyun Joo

KITA Signs Startup Platform Partnership with GSMA at MWC

The Korea International Trade Association (KITA) announced on the 5th that it signed a memorandum of understanding (MOU) with the GSM Association (GSM...

Published 2026.03.05. 11:00:05 | By Jung Hye-jin

Hyundai Livart Accelerates Total Interior Solutions Business, Targets Hotel Sector

Hyundai Livart (079430) is accelerating its total interior solutions business by expanding B2B operations into premium commercial spaces including hot...

Published 2026.03.05. 10:43:54 | By Park Woo-in

Neubility Unveils Half-Human, Half-Vehicle Humanoid Robot 'Billy'

Robot service and platform company Neubility announced on the 5th that it has unveiled its humanoid service robot "Billy" for the first time. Neubili...

Published 2026.03.05. 10:31:17 | By Kim Tae-ho

Samsung Galaxy S26 Ultra Wins Best in Show at MWC26

Samsung Electronics' new flagship smartphone Galaxy S26 Ultra won the "Best in Show" award at Mobile World Congress 2026 (MWC26) on March 4 local time...

Published 2026.03.05. 10:26:01 | By Kyungwoo Koo