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Auto exports set new record by growing 5.8% in June

Korea’s auto exports reached a record $6.79 billion in June, driven by strong electric and hybrid vehicle sales.

2026.7.15

LS Cable & System signs extra-high voltage cable supply deal in Vietnam

LS Cable & System, Korea's biggest cable company, said Thursday its unit has received an extra-high voltage cable supply deal in Vietnam.

2024.8.22

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This undated file photo provided by the Ministry of Trade, Industry and Energy shows Industry Minister Ahn Duk-geun on the right. [YONHAP]

Korea sets goal of $20 billion in arms exports

Korea aims to achieve $20 billion in arms exports this year, including overseas sales of the FA-50 light attack aircraft to emerging markets, officials said Thursday.

2024.4.18

Customers shop for groceries at a discount mart in southern Seoul on Thursday. [YONHAP]

Household income falls 0.8% in second quarter

Korea's household income fell 0.8 percent on year in the second quarter of 2023 due to the drop in Covid-19-related subsidies and other state support, and the narrowed income gap between the haves and have-nots, data showed Thursday.

2023.8.24

Clothes seller ordered to stop importing Nike fakes by Industry Ministry

Korea's Industry Ministry on Thursday ordered a domestic clothing seller to halt imports of counterfeit Nike clothes for its trademark rights violation of the global sportswear giant.

2023.8.24

SK Telecom headquarters in Seoul [Yonhap]

SK Telecom to invest $100M in AI company Anthropic

SK Telecom, Korea's largest wireless carrier, said Sunday it will invest $100 million in the U.S. artificial intelligence (AI) company Anthropic in a partnership deal to expand its footprint in the AI sector.

2023.8.13

Korea and Greece signed a business agreement to jointly develop technologies to renovate existing ships into eco-friendly ones on Tuesday at Lotte Hotel in central Seoul. [MINISTRY OF TRADE, INDUSTRY AND ENERGY]

Korea, Greece to jointly develop technologies for eco-friendly vessels

Korea and Greece agreed Tuesday to jointly develop technologies to renovate existing ships into eco-friendly ones in response to tougher emission regulations in the global shipping sector, Seoul's industry ministry said.

2023.6.27

Korea's exports fall 8.8% on year in first 20 days of December

Korea's exports slipped 8.8 percent on year in the first 20 days of December, data showed Wednesday, due mainly to weak shipments of chips and mobile devices.

2022.12.21

FSS chief voices regret over failure in timely response to global tightening

Korea's financial regulator on Tuesday expressed regret over failure in taking timely action against rising household debt amid global monetary tightening that has led to a sharp rise in borrowing costs.

2022.10.11

Ukraine crisis feared to negatively affect tech exports, small firms

Korea said Wednesday the Ukraine crisis could have negative impacts on smaller companies and the country's exports of tech products as it has joined global efforts to impose sanctions against Russia.

2022.3.2