The South Korean government said on Thursday it has ordered GS Engineering & Construction Corp. (GS E&C) and four smaller builders to halt their operations for new projects between Apr. 1 and Nov. 30 ...

South Korea’s steel industry is expected to take another hit as the European Union plans to tighten restrictions on steel imports by cutting tariff-free quotas and doubling the duty to 50%, following ...

Samsung SDI Co. is set to clinch its first large-scale battery supply agreement with Tesla Inc., a deal for energy storage systems (ESS) estimated at over 3 trillion won ($2.1 billion), according to ...

S.Korea's big-box store Traders Wholesale Club officially launched its paid membership program called Traders Club on Sunday. The store has secured about 560,000 subscribers through early-bird ...

Korean Air Lines Co., South Korea’s largest full-service carrier, and its joint venture partner Delta Air Lines Inc. will acquire a 25% stake in Canada’s second-largest airline WestJet Airlines for ...

South Korea and the United States have reached a trade agreement setting the new US tariff rate at 15%, down from the previously announced 25%, with revitalizing the US shipbuilding sector at the ...

South Korea's activewear maker Andar posted record quarterly sales of 61.6 billion won ($47 million), moving one step closer to retaking the market leadership from Brand X Corp., which operates the ...

South Korea’s Hyundai Glovis Co. is poised to become the world’s first shipping company to deploy artificial intelligence-based autonomous navigation systems on its fleet of car carriers in a bold ...

ELLABELL, Georgia – When Hyundai Motor Group Honorary Chairman Chung Mong-koo opened the South Korean automaker’s first US plant in Alabama back in 2005, competing with other global peers in the ...

Samsung Electronics Co., the world’s top smart TV maker, plans to offer seven years of a free upgrade to its open-source smart TV operating system Tizen for its AI-powered TVs as the company strives ...

South Korea's SK Ecoplant Co. has acquired Singapore-based electronic waste (e-waste) disposal and recycling company TES Envirocorp Pte. Ltd for $1 billion, expanding its waste treatment services ...

Korean retail giant Shinsegae Group’s online shopping mall operator SSG.COM has secured Olympus, a special purpose company created by Korean banks and securities firms, as its new financial investor.