Krafton set new highs in its earnings last year, with its operating profit surpassing 1 trillion won ($688.23 million) for the first time, the game studio said Tuesday.

Hanwha Hotels & Resorts Co., a unit of South Korean conglomerate Hanwha Group, said Tuesday it is acquiring a major local ready-to-eat meals supplier for 869.5 billion won (US$598.6 million) as part of efforts to bolster its food service business.

Korea Ginseng Corp. (KGC) said Tuesday its research on red ginseng’s efficacy in safely controlling blood sugar levels for prediabetic adults was published in an international journal.

KG Mobility is preparing to reclaim its leadership position in the pickup truck market with the launch of the Musso EV, an electric version of its iconic Musso SUV.

Shipping giant HMM posted massive earnings in 2024, with its operating profit soaring fivefold from the previous year, driven by surging container shipping rates, the company said Tuesday.

U.S. President Donald Trump decided on Monday (local time) to impose a 25 percent tariff on steel imports from Korea starting March 12, effectively nullifying up to 2.63 million tons of the annual tariff-free quota the two countries had agreed upon in 2018 during his first term.

The Seoul city government on Tuesday announced policy strategies to promote the artificial intelligence (AI) industry, vowing to foster 10,000 AI professionals every year and build an AI technology city where work, living and pleasure are combined.

POSCO International said Tuesday that its website won the Grand Award in the Corporate Websites: Conglomerate category of the 2024 iNova Awards, an international website competition hosted by MerComm, a U.S. awards organization specializing in the communications fields.

POSCO's independently developed high manganese steel (HMS) has emerged as the steelmaker's own solution to the prolonged industry-wide slowdown, as the material gains attention for its use in shipping and storing liquefied natural gas (LNG) and other alternative fuels.

With the recent entry by China's BYD into Korea's passenger electric vehicle (EV) market, concerns have been raised over potential personal data leaks to China through the vehicles manufactured by the company, industry observers said Tuesday.

BAT Rothmans CEO in Korea has extended its almost decade-long social outreach campaign by renewing its partnership with the Korea Welfare Services (KWS), according to the global cigarette maker's Korean office, Monday.

Maserati Korea is struggling to rev up its faltering sales here, as the brand is losing recognition amid customers’ growing preference for rival luxury carmakers such as Porsche, according to data and industry officials, Monday.

U.S. President Donald Trump alarmed Korean steelmakers, Monday, with his declaration of additional 25 percent tariffs on all steel and aluminum imports into his country.

Budget coffee franchise companies in Korea have begun adjusting their prices as coffee beans are become increasingly expensive worldwide. Compose Coffee, one of the top three budget coffee franchises in Korea, will hike its price on Thursday, prompting others to follow suit.

Fears are growing among Korea’s major industries as the export-reliant economy is feared to become the next target for U.S. President Trump’s threats to slap tariffs on any countries reporting a trade surplus with Washington.

Chinese e-commerce platform Temu has been stepping up its preparations to directly enter the Korean market since late last year, an industry source said Monday.

LG Energy Solution, Korea's leading battery maker, said Monday it has been named the renewable energy bidding service operator for the country's largest wind farm on the southern island of Jeju.

The Chinese artificial intelligence (AI) model DeepSeek provided different answers to sensitive questions depending on the language. For example, defining kimchi's origin as Korea when asked in Korean, but claiming it is Chinese when asked in Chinese, Seoul's spy agency said Sunday.

Samyang Foods is on track to become Korea’s most profitable instant noodle maker in 2024, as the export performance of its hit Buldak instant noodle product lineup, has been bolstered by a stronger dollar.

Four out of 10 dog meat farms in Korea have voluntarily shut down following the government's declaration that dog meat trade will no longer be legal starting 2027, the government said Sunday.

Lotte Wellfood has launched a new manufacturing plant in India, where the Korean confectionery giant is looking to expand its presence, Lotte Corp., the holding company of Lotte Group, said Sunday.

German shipping firm Hapag-Lloyd may turn to Korean shipbuilder Hanwha Ocean for its next batch of container ship newbuildings worth over 1.7 trillion won ($1.2 billion), according to foreign news media.

Woori Financial Group said Friday its net profit surged 23.1 percent from a year earlier in 2024 on the rise in both interest and non-interest income.

Korean Air, Korea's leading airline, said Friday it has swung to the black in the fourth quarter from a year earlier thanks to robust cargo demand.

Korea's data protection regulator on Friday advised caution when using Chinese artificial intelligence (AI) startup DeepSeek's service, citing ongoing security concerns.

Naver founder Lee Hae-jin is set to return as chairman of the company's board of directors next month to lead its artificial intelligence (AI) initiatives, as AI emerges as a key battleground for major tech firms globally, the company said Friday.

Korea Trade-Investment Promotion Agency (KOTRA) CEO Kang Gyeong-seong visited Lam Research Korea's head office in Yongin, Gyeonggi Province, Friday, to learn about the recent trend of foreign investment in this country.

R.LUX, e-commerce giant Coupang’s luxury beauty service, has named actor Kim Go-eun as its first brand ambassador, featuring the star in its 'New Rule. New Luxury' advertising campaign, the company said Friday.