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Wednesday, October 29, 2025

BUSINESS

Korea logs $5.87 billion account surplus, second straight month in the black

Korea logged $5.87 billion in current account surplus in June, the second straight month the balance has stayed positive. The June figure was a dramatic...

Korean Air suspends on-site issuance of flight award tickets and upgrades

Korean Air made an announcement on August 4, stating that it will no longer provide flight award tickets (including upgrade awards) to passengers waiting...

Green shoots for Korean economy as chip sector improves

The economy is gradually moderating as the weak chip sector has started to improve, according to a report from the state-run Korea Development Institute...

Knife attack, Covid and heat wave signal red for economy

The summer vacation season has arrived amid torrential downpours and monsoons, but domestic demand is yet to overcome recent hurdles including knife incidents, sweltering...

Hyundai, Kia recall over 91,000 U.S. vehicles over fire risk

Hyundai Motor and Kia are recalling more than 91,000 vehicles in the U.S. due to potential fire risks. Similar recalls may be issued in Korea,...

Naver posts record profit as Webtoon nears U.S market listing

Naver posted a record-high operating profit in the April-June period due to strong profitability across commerce, fintech and content. With the announcement of preliminary earnings,...

LG, Clearbrook start $100M fund for tech startups

LG Electronics will form a $100 million fund with Connecticut-based investment firm Clearbrook to foster tech startups specializing in sustainable energy, digital health and artificial intelligence. The...

Korean Air Lines sees operating profit fall 36 percent

Korean Air Lines reported a 36 percent decline in operating profit to 468 billion won ($356.5 million) in the second quarter, with robust performance in the...

Yoon pledges more support to secondary battery industry

President Yoon Suk Yeol promised more government support for the nation’s secondary battery industry, especially in the reclaimed land of Saemangeum, North Jeolla. “Secondary batteries,...

Stocks finish at a 52-week high led by tech gains

Stocks finished higher for a fourth consecutive day Tuesday to reach a 52-week high, led by strong tech stocks. The won fell against the...