South Korea Business & Industry

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

K-Beauty Exports Hit Record High as Amorepacific, APR Post Stellar Results

South Korea's cosmetics exports reached an all-time high last year, with leading beauty companies Amorepacific and APR reporting record earnings driven by overseas sales growth. Analysts are raising p...

Published 2026.02.09. 20:06:06 | By Kim Soo-ho, AX Content Lab

HD Korea Shipbuilding Posts Record $2.7B Operating Profit, Up 172%

HD Korea Shipbuilding & Offshore Engineering (009540), the intermediate holding company for HD Hyundai's shipbuilding division, achieved record-high r...

Published 2026.02.09. 19:39:15 | By Hyunwook Yoo

S-Oil Signs $3.9B PE Supply Deal With Saudi Aramco Unit SABIC

S-Oil announced Monday it has signed a contract to supply 5.5 trillion won ($3.9 billion) worth of polyethylene to SABIC, a subsidiary of its parent c...

Published 2026.02.09. 19:07:48 | By Yoo Hyun-wook

SK Chairman Choe, Nvidia CEO Huang Meet Over Chicken and Beer in Silicon Valley

SK Group Chairman Choe Tae-won met with Nvidia CEO Jensen Huang for chicken and beer in Silicon Valley. Choe leads the parent company of SK hynix, the...

Published 2026.02.09. 18:45:07 | By Ku Kyung-woo

Regional Banks Face Survival Crisis as Growth Stalls, Delinquency Rates Hit Danger Zone

Regional banks, established in 1967 under the Park Chung-hee administration to stimulate local economies and support regional businesses, now face cri...

Published 2026.02.09. 18:41:31 | By Shin Joong-seop

AI Integration Drives Demand for Ultra-Low-Power Chips, Humanoids

As artificial intelligence permeates society and industry, semiconductor platforms that minimize power consumption and intelligent robots are emerging...

Published 2026.02.09. 18:21:36 | By Han Dong-hoon

LegoChem Biosciences to Receive ADC Tech Milestone from SOTIO

LegoChem Biosciences (141080) announced on the 9th that it will receive a milestone payment from global partner SOTIO Biotech under their antibody-dru...

Published 2026.02.09. 18:19:38 | By Lee Jung-min

Korea Zinc Posts Record Profit, Extends Winning Streak to 44 Years

Korea Zinc (010130) achieved record-breaking results last year, marking its 44th consecutive year of operating profit. The company credited improved r...

Published 2026.02.09. 18:01:26 | By Song Joo-hee

Korea Expects Tariff Hike Delay If Investment Bill Passes in March

Minister of Trade, Industry and Energy Kim Jung-kwan said he believes there is a high possibility that tariff increases will be delayed if the Nationa...

Published 2026.02.09. 17:57:57 | By Yunjin Cho

Korea Chamber Apologizes for Data Error, Mandates Fact-Checking

The Korea Chamber of Commerce and Industry (KCCI) has issued a public apology and immediately implemented measures to prevent recurrence, centered on ...

Published 2026.02.09. 17:53:13 | By Song Joo-hee

Same-Day Delivery Wars Intensify as Kurly, 11st Join Battle

Competition in South Korea's retail delivery sector is escalating beyond same-day service to guaranteed arrival times. As major e-commerce players inc...

Published 2026.02.09. 17:52:14 | By Kim Sun-young

Jeju Air Returns to Profit in Q4 After Five Quarters

Jeju Air has returned to profitability for the first time in five quarters since the third quarter of 2024. The low-cost carrier plans to improve prof...

Published 2026.02.09. 17:51:49 | By Shim Ki-moon

Dunamu Files Appeal Against Record $25M FIU Fine

Dunamu, the operator of cryptocurrency exchange Upbit, has filed an appeal against a 35.2 billion won ($25 million) fine imposed by financial regulato...

Published 2026.02.09. 17:43:28 | By Kim Jung-woo

Entry-Level Hiring Hits 3-Year Low at Korean SMEs

Entry-level job opportunities at small and medium-sized enterprises are shrinking as companies increasingly favor experienced workers who can contribu...

Published 2026.02.09. 17:42:23 | By Kim Ye-sol

Hyundai May Adopt Nvidia's 'AlphaMayo' to Close Autonomous Driving Gap

Nvidia's autonomous driving platform "AlphaMayo" is expected to narrow the technology gap in self-driving capabilities among automakers, according to ...

Published 2026.02.09. 17:29:31 | By Min-hwan Yoo

CJ CheilJedang's Operating Profit Falls 15.2% Despite Record Overseas Food Sales

CJ CheilJedang (097950) reported a decline in operating profit last year as weak domestic food consumption and deteriorating bio business profitabilit...

Published 2026.02.09. 17:27:18 | By Kang Dong-hun

Shinsegae's Luxury Renovation Bet Pays Off With Strong Q4 Results

Shinsegae's massive renovation investment has paid off, delivering improved earnings last year. Despite a one-time penalty charge of 148 billion won f...

Published 2026.02.09. 17:05:54 | By Lee Yong-sung

Airane Posts 82% Jump in Operating Profit to 3.4 Billion Won

Airane, Korea's sole gas separation membrane solutions provider, reported preliminary operating profit of 3.4 billion won ($2.4 million) for 2024, an ...

Published 2026.02.09. 16:57:58 | By Park Woo-in

Hyundai Green Food Posts 10.5% Rise in Operating Profit for 2024

Hyundai Green Food (453340) reported preliminary consolidated operating profit of 106.8 billion won for 2024, up 10.5% from the previous year, accordi...

Published 2026.02.09. 16:41:29 | By Noh Hyun-young

Hyundai Glovis Targets K-Beauty Logistics, Expands Fulfillment Services

Hyundai Glovis (086280) is moving to capture logistics opportunities in the rapidly growing K-Beauty cosmetics industry. The company plans to fully ex...

Published 2026.02.09. 16:36:02 | By Hyunwook Yoo

SK Intellix Q4 Operating Profit Plunges 94.3% on Wellness Robot Launch Costs

SK Intellix reported a 94.3% year-over-year decline in fourth-quarter operating profit, citing costs associated with the launch of its wellness robot ...

Published 2026.02.09. 16:22:44 | By Kim Ye-sol

Hanwha Aerospace Posts Record $2.1B Operating Profit for Third Straight Year

Hanwha Aerospace (012450) achieved record earnings for the third consecutive year, driven by export growth in its land defense systems division and im...

Published 2026.02.09. 16:20:57 | By Song Joo-hee

OCI Returns to Profit in Q4, Posts Full-Year Operating Income of ₩400 Million

OCI (456040) announced on February 9 that it returned to operating profit in the fourth quarter of last year, posting consolidated revenue of ₩467.3 b...

Published 2026.02.09. 16:09:27 | By Yoo Hyun-wook

Handsome Posts 17.8% Drop in Annual Operating Profit

Handsome Co. (020000) reported preliminary consolidated operating profit of 52.2 billion won ($37.5 million) for 2024, down 17.8% from the previous ye...

Published 2026.02.09. 16:03:00 | By Kang Dong-hun

Korean Chamber Apologizes, Overhauls Verification System After Presidential Rebuke

The Korea Chamber of Commerce and Industry (KCCI) announced immediate implementation of internal verification reforms and issued a public apology afte...

Published 2026.02.09. 16:01:48 | By Song Joo-hee

Dongkuk Steel Foundation Selects 20 Scholarship Recipients

Songwon Cultural Foundation, a subsidiary of Dongkuk Steel (460860) Group, held the "23rd Songwon Scholarship Certificate Award Ceremony" at Ferrum To...

Published 2026.02.09. 15:38:43 | By Yoo Hyun-wook

Court Terminates Balaan Rehabilitation, Luxury Platform Faces Bankruptcy

Luxury e-commerce platform Balaan is effectively heading toward bankruptcy. The Seoul Rehabilitation Court announced on Sunday that it has terminated...

Published 2026.02.09. 15:31:30 | By Kim Yeon-ha

Shinsegae International Swings to Loss on JAJU Sale Accounting

Shinsegae International Co. (031430) reported preliminary full-year revenue of 1.11 trillion won ($767 million) from continuing operations excluding J...

Published 2026.02.09. 15:30:16 | By Hyunyoung Noh

Wonik Group's Five Semiconductor Units Join SEMICON Korea 2026

Wonik, a leading Korean semiconductor materials, parts, and equipment company, announced on January 9 that it will participate in SEMICON Korea 2026, ...

Published 2026.02.09. 15:29:24 | By Kim Ki-hyuk

HDC Chairman Chung Mong-kyu Visits China in First Overseas Trip of Year

HDC Group Chairman Chung Mong-kyu visited China as his first overseas trip this year to explore opportunities for expanding investment. According to ...

Published 2026.02.09. 15:11:53 | By Chun Min-ah