Will President Lee's state visit to Beijing revive declining Korea-China economic ties?

As Korean companies have steadily reduced their business footprint in China, attention is turning to whether President Lee Jae Myung’s upcoming state visit to Beijing could help revive bilateral economic cooperation.

2026-01-01

Chey Tae-won becomes first SK hynix America chairman

SK Group Chairman Chey Tae-won has been appointed as chairman of SK hynix America. As the company has been led by presidents and vice presidents until now, the move is a clear signal that Chey is taking more direct control of SK’s U.S. operations.

2025-11-14

Lotte Chemical sells entire Pakistan unit amid restructuring

Lotte Chemical said Thursday it has sold its entire stake in a Pakistani subsidiary for 98 billion won ($67 million) as part of its ongoing business reorganization.

2025-11-13

EXCLUSIVE: Olive Young to establish Japanese subsidiary

Olive Young will establish a Japanese subsidiary, aiming to tap into the world's largest personal care market.

2024-05-10

Government increases subsidies, slashes tariffs to stabilize food prices

The government has increased subsidies for green onions and plans to lower tariffs to expand vegetable imports.

2024-01-12

Woori Financial completes its acquisition of Aju Capital

Woori Financial Group closed a deal to acquire Aju Capital, a capital leasing company, the financial company said Thursday.

2020-12-10