South Korea Business & Industry

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

LS Electric to Invest 250 Billion Won in US Switchgear Business, Expand Utah Hub Sixfold

LS Electric will invest 250 billion won to expand its Utah switchgear plant sixfold by early 2027, targeting surging US power demand from AI data centers....

Published 2026.06.28. 14:04:13 |

K-AI Alliance Expands to 50 Members, Elevated to SK's Global AI Platform

SK's K-AI Alliance held Unite 2026 in Silicon Valley, expanding to 50 members and unveiling its "K-AI Alliance 2.0" strategy as SK Group's global AI c...

Published 2026.06.28. 13:21:46 |

High Fuel Subsidies Lift Small Businesses, Sales Rise 10.6%

South Korea's small business sales rose 10.6% after high fuel damage relief subsidies, with Busan leading at 16% and retail up 16.4%, the SME ministry...

Published 2026.06.28. 12:00:05 |

FSS Discloses Top Accounting Review Cases, Including SOOP Revenue Inflation

Korea's FSS disclosed 10 major accounting review cases from H2 2024, including SOOP's revenue inflation, which led to a 1.54 billion won fine and thre...

Published 2026.06.28. 12:00:05 |

Samsung Plans Up to 1,000 Trillion Won Investment Across Five Regions

Published 2026.06.28. 11:04:25 |

GS Retail Earns Top ESG Grade for Fifth Straight Time

GS Retail earned the top AA grade for the fifth straight time in Sustinvest's 2026 First-Half ESG Evaluation, ranking among only 11.7% of 1,305 compan...

Published 2026.06.28. 09:15:00 |

Gen.G Esports Lands at Daejeon Shinsegae for First Retail Solo Pop-Up

Shinsegae Department Store will host Gen.G Esports' first solo retail pop-up in Korea at Daejeon Shinsegae, featuring a collaboration between mascots ...

Published 2026.06.28. 07:30:05 |

Obituary: Mother of Song Oh-soon, Korea Eximbank Corporate Restructuring Division Head

Kim Jeong-soon, mother of Song Oh-soon, Head of the Corporate Restructuring Division at the Export-Import Bank of Korea, has passed away. The wake is ...

Published 2026.06.27. 14:54:58 |

From Health Checkups to Food Donations, Retailers Rally for Patriots' Month

Korean retailers including Coupang, NS Home Shopping, Seven-Eleven and Lotte Wellfood launched social contribution activities for veterans, soldiers, ...

Published 2026.06.27. 11:06:05 |

SpaceX Plunges 32%, Korean Retail Investors on Alert

SpaceX plunged 32% within three trading days of its record Nasdaq IPO, leaving Korean retail investors who net-bought $1.87 billion at a crossroads as...

Published 2026.06.27. 10:00:05 |

Young Workers Leave Chip Industry Despite High Pay; Samsung Loses 10,000 in 20s

Samsung Electronics lost about 10,000 employees in their 20s last year, with manufacturing jobs down 3,059, as young workers leave the chip industry d...

Published 2026.06.27. 06:00:05 |

KODEX AI Chip ETF Returns 66% in Three Months on Semiconductor Rally

Samsung Asset Management's KODEX US AI Semiconductor TOP3 Plus ETF posted a 66.06% three-month return, concentrating about 62% in Intel, Nvidia and Br...

Published 2026.06.26. 17:49:55 |

Korean Banks' Capital Just 6% of China's ICBC, Limiting New-Industry Firepower

Published 2026.06.26. 17:49:32 |