South Korea

The industrywide push to adopt renewable energy may force TSMC, Samsung and regional peers to consider expanding chip plants beyond their home soil. (Source photos by AP and TSMC) 
Business Spotlight

From TSMC to Samsung, Asia's chipmakers struggle to go green

Dearth of renewable energy at home leaves titans lagging U.S. and European peers

30 June 2023
Plastic materials made by PI Advanced Materials are used in circuit boards.
Business deals

South Korea's PI Advanced Materials to be sold to France's Arkema for $760m

Plastics maker has expanded from smartphone to EV supply chains

30 June 2023
North Koreans attend a mass rally denouncing the U.S. in Pyongyang on June 25 in this photo released by the regime's Korean Central News Agency.
N Korea at crossroads

South Korea picks hard-liner as new North Korea point man

Selection is latest phase of Seoul's increasing emphasis on human rights

29 June 2023
Top tutors assume celebrity status on billboards advertising their cramming services. (Photo by Ahn Seong-bok)
Society

Yoon controversially challenges South Korean exam practices

President takes on lucrative cramming industry and educational inequality

29 June 2023
The English-language version of South Korean writer Cheon Myeong-kwan's debut novel, "Whale," has received a massive boost since its shortlisting for this year's International Booker Prize. (Nikkei montage/Source photos by the Booker Prize Foundation)
Books

Korean novel earns Western acclaim, decades on

Cheon Myeong-kwan's 'Whale' resurfaces in top literary competition

29 June 2023
Samsung Electronics has its eyes on global foundry chip leader Taiwan Semiconductor Manufacturing Co.
Semiconductors

Samsung to apply advanced 2-nm semiconductors to mobile in 2025

South Korean chipmaker keen to overtake TSMC in foundry market in 5 years

28 June 2023
Japan and South Korea aim to resume a currency swap agreement after an eight-year hiatus in a symbolic move to highlight their warming ties.
Japan-South Korea ties

Japan, South Korea set to revive currency swap pact

Finance ministers resume 'finance dialogue' as bilateral ties thaw

28 June 2023
Japan lifted export curbs on high-tech materials to South Korea in March. Restoring preferred export destination status will make it easier for companies in both countries to do business.
Japan-South Korea ties

Japan lifts final South Korea trade restriction

Recent summits paved way for restoring economic cooperation, Seoul says

27 June 2023
LG Innotek is one of the world leaders in camera modules for smartphones. (Photo courtesy of LG Innotek)
Companies

LG Innotek to raise Vietnam phone camera output with $1bn investment

Move by Apple supplier will double production capacity

27 June 2023
The industry will need annual production of 449 billion liters of sustainable aviation fuel if it is to reach its net-zero goal. Last year's production was slightly above 300 million liters.
Transportation

Asia plays catch-up in race for sustainable aviation fuel

Neste's biofuel refinery in Singapore now has annual capacity of 1.26bn liters

26 June 2023
Left: Chinese Ambassador to South Korea Xing Haiming, left, and South Korea's opposition Democratic Party leader Lee Jae-myung in Seoul. Right: Left to right, U.S. President Joe Biden, Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol in Hiroshima, Japan. (Source photos by Yonhap/Kyodo) 
International relations

China targets weakest link in Washington-Tokyo-Seoul triad

Beijing seeks to turn South Korea's political divide to its advantage

25 June 2023
South Korean President Yoon Suk Yeol and his Vietnamese counterpart, Vo Van Thuong, greet each other in Hanoi on June 23. Their countries have close economic ties.
International relations

South Korea and Vietnam to bolster minerals, energy partnerships

Yoon brings Samsung Chairman Lee, other business chiefs on state visit

23 June 2023
Hyundai reentered Japan in May 2022 after a 12-year break, selling its Ioniq 5 electric vehicle and Nexo fuel cell car online.
Automobiles

Hyundai aims to reverse weak EV sales in Japan via online blitz

South Korean automaker teams with CCC for data marketing

23 June 2023
North Korean leader Kim Jong Un greets the crowd during a military parade in Pyongyang in this photo released by the North's state news agency. 
N Korea at crossroads

Yoon renews efforts to address dire North Korean human rights

French president signals support for push by South's leader

23 June 2023
BTS bonanza: The surging popularity of South Korean music and TV shows in the U.S. has paved the way for investment in the country to become the next 'K-wave.'
Business Spotlight

The BTS bump: How K-pop drove Korea Inc to go big in the U.S.

Music, drama fan 'huge tailwind' for Korean investment in states like Georgia

23 June 2023
South Korean President Yoon Suk Yeol is said to have been involved in the reversal of appointments of senior officials at the country's intelligence agency.
Politics

South Korea's spy agency rocked by senior staff U-turn

Future of intelligence chief uncertain after Yoon said to nix appointments

23 June 2023
Netflix co-CEO Ted Sarandos, second from left, speaks with South Korean content creators at an event in Seoul on June 22. (Photo courtesy of Netflix).
Media & Entertainment

Netflix co-CEO praises South Korea's strong storytelling culture

On visit to Seoul, Ted Sarandos promises competitive compensation for creators

22 June 2023
A Terminal High Altitude Area Defense interceptor in Seongju, South Korea, in 2017. China has few options left to economically punish Seoul, which is moving toward another THAAD deployment.
International relations

THAAD missile system agitates South Korea-China ties

Beijing and Seoul have recently traded barbs over Yoon admin's pro-U.S. turn

22 June 2023
Elliott Investment Management filed suit against the South Korean government in 2018 at the Netherlands-based Permanent Court of Arbitration. (Source photos by AP)
Companies

Shareholder activist Elliott claims legal win against South Korea

International court orders Seoul to pay $108.5m to U.S. fund over merger

21 June 2023
Instant noodles on display at a grocery store in Seoul on June 20. (Photo by Steven Borowiec)
Inflation

South Korea instant noodle price spat comes to a boil

Finance minister encouraging manufacturers to lower cost of staple food

21 June 2023
Hyundai Motor is ramping up investment in electric vehicle development amid increasing global competition. 
Automobiles

Hyundai says to invest $85bn by 2032 with focus on EVs

South Korean automaker developing new platform to cut production costs

20 June 2023
Singapore's government anticipates economic growth this year will be driven by exports, particularly of semiconductors. (Photo by Fumito Akiyama)
Startups

Singapore startup ecosystem outranks Shanghai, Seoul, Tokyo

Despite funding winter, city-state surges most to 8th spot on strong M&As

20 June 2023
The nuclear-powered submarine USS Michigan approaches a naval base in Busan, South Korea on June 16. (Yonhap via AP)
Indo-Pacific

In Busan, U.S. Navy runs rehearsal for ballistic submarine visit

A converted Ohio-class vessel arrived in South Korean port last Friday

19 June 2023
Alexis Perakis-Valat, president of the consumer products division at L'Oreal, says the cosmetics maker is moving from "beauty for all" to "beauty for each." (Photo by Natsumi Kawasaki)
Consumer

L'Oreal feels pressure from 'beauty savvy' consumers in Asia

World's biggest cosmetics maker responds with greater product customization

18 June 2023
South Korea's first integrated steelworks, built in close coordination with Japan, opened in June 1973. (Photo courtesy of POSCO)
Companies

POSCO's Pohang steel plant: origin of Japan-South Korea cooperation

South's postwar miracle powered by steelworkers from both countries

17 June 2023
Some places in South Korea have seen sea salt prices rise 32% since December.
Commodities

South Korea sea salt prices spike amid fears of Fukushima wastewater

Buyers appear to be hoarding before Japan releases treated water off Pacific coast

17 June 2023
South Korean President Yoon Suk Yeol has criticized Chinese Ambassador Xing Haiming's comments about Seoul's China policy.
International relations

Diplomatic spat reveals South Korea's pivot to hard line on China

Beijing envoy's criticism meets with fierce response from Seoul

16 June 2023
Kim Tae-han performs some of his favorites, including parts of Wagner's "Tannhauser." (Courtesy of Queen Elisabeth Competition)
Arts

South Korean baritone hits high note with surprise European win

Kim Tae-han first Asian male opera singer to clinch Queen Elisabeth prize

15 June 2023
NATO headquarters in Brussels. The alliance is deepening partnerships with the AP4 nations of the Indo-Pacific.
Indo-Pacific

NATO to upgrade ties with Australia, New Zealand, South Korea

Together with Japan, four nations will have tailored partnership programs

13 June 2023
A rocket believed to be North Korea's Chollima-1 is launched on May 31. The rocket later failed, falling into the Yellow Sea. (KCNA via Reuters)
Defense

China and South Korea race to recover North Korean satellite debris

Sunken remains seen shedding light on Pyongyang's technological advancements

13 June 2023