Korea Joongang Daily
Korea JoongAng Daily

Olive Young, Musinsa, others expand in Korea beyond Seoul in hunt for new customers

Beauty and fashion retailers are expanding their operations beyond Seoul by opening new stores and investing heavily in local markets as they make efforts to use shifting shopping habits to their advantage and to attract new customers.

2026-04-11

Tax revenue up $2.5 billion in February on increased stock transactions

Korea's tax revenue increased by 3.8 trillion won ($2.5 billion) in February from a year earlier, driven by a surge in tax collection from stock trading, government data showed on Tuesday.

2026-03-31

Kakao narrows net loss for Q4 on strong platform biz sales

Korean internet tech giant Kakao said Thursday its net loss narrowed sharply in the fourth quarter on record-breaking revenue driven by strong performance in its flagship platform business.

2026-02-12

Gov't anticipates corporate tax revenue boost amid strong earnings

Korea is likely to collect more national tax revenue than expected this year, a shift that could end three years of tax shortfalls and possibly lead to a supplementary budget.

2026-02-10

Korea's tax revenue up 11% in 2025 as corporate earnings, wages rise

Korea's tax revenue rose 37.4 trillion won ($25.66 billion) in 2025 from a year earlier on the back of improved corporate earnings, the Ministry of Economy and Finance said Tuesday.

2026-02-10

Despite hitting revenue record, Kia's 2025 operating profit dips 30 percent due to U.S. tariffs

Kia’s operating profit fell by nearly 30 percent in 2025 despite its highest annual revenue, as additional costs from U.S. tariffs cut into earnings, the company said on Wednesday.

2026-01-28

SK hynix logs record earnings in 2025 on AI chip demand, HBM technology

SK hynix posted record earnings in 2025, fueled by surging demand for AI memory chips and the company's dominance in high bandwidth memory (HBM) technology.

2026-01-28

Tax revenue rises $26.3 billion through November on improved corporate earnings

Korea's tax revenue increased by 37.9 trillion won ($26.3 billion) from a year earlier during the first 11 months of this year on improved corporate earnings and rising income tax, data showed on Wednesday.

2025-12-31

Webtoon industry revenue tops $1.4 billion for second straight year

Korea's webtoon industry continued its strong growth momentum in 2024, with total annual revenue exceeding 2 trillion won ($1.397 billion) for the second consecutive year, government data showed Monday.

2025-12-29

HYBE and K-pop artists named on Billboard's top promoters and tour revenue lists

K-pop powerhouse HYBE grossed $469.2 million from its artists' world tours this year, ranking fourth in global tour revenue — five spots higher than last year — according to Billboard's “Top Promoters” list.

2025-12-12