LG Chem Ltd., South Korea's No. 1 chemical company, is expected to deliver market forecast-beating earnings for the third quarter of the year, driven by firm demand for its key products and a recovery in its EV battery business, industry data showed Wednesday.LG Chem, set to report its third-qua

Prosecutors on Wednesday raided McDonald's Korea's headquarters and three partner companies as part of a probe into allegations that it undercooked burger patties, causing some consumers to get sick.Investigators searched the main office of McDonald's Korea in central Seoul and its patty

Britain on Wednesday launched an automotive campaign in South Korea in a move to seek business opportunities with local companies in "next-generation" vehicle technologies, the British Embassy said.The Automotive is GREAT campaign is aimed at promoting Britain's advanced technologies in less-e

South Korea's exports of automobiles jumped nearly 60 percent last month from a year earlier on recovering demand from Europe and North America, government data showed Wednesday.The total value of vehicles shipped overseas reached US$3.82 billion in September, up 57.6 percent from a year earlier

The South Korean government said Tuesday it will join a cruise association this week to attract more tourists from Southeast Asian countries.The Ministry of Oceans and Fisheries said it will sign an agreement to join the Asia Cruise Cooperation (ACC) at Busan Port International Passenger Terminal in

LG Group Chairman Koo Bon-moo on Tuesday donated 100 million won (US$88,355) to the family of a soldier who was recently killed in an accident while performing his military duty, the conglomerate said.Last month, a 22-year-old soldier surnamed Lee was hit in the head by a stray bullet as he walked b

South Korea's outbound shipments grew at the fastest pace among the world's top 10 exporters in the first eight months of the year thanks to an upturn in global demand, data by the World Trade Organization (WTO) showed Tuesday.Exports jumped 16.4 percent on-year to US$375.1 billion over the

South Korea imported more than 3,000 tons of foods containing more than the permissible level of residual chemicals over the past five years, government data showed Tuesday, amid concerns over a lack of adequate measures to prevent the inflow of the harmful products.The amount of contaminated food i

Credit and debit card spending in South Korea soared more than 30 percent over the recent extended Chuseok holiday season from a year ago, industry data showed Sunday.A daily average of 191.8 billion won (US$170.1 million) worth of purchases were made through credit and debit cards during the Sept.

The top financial policymakers of South Korea and the United States met Saturday on the sidelines of the Group of 20 Finance Ministers Meeting in Washington D.C.Finance Minister Kim Dong-yeon and Treasury Secretary Steven Mnuchin discussed pending issues including North Korea, the bilateral free tra

South Korea is struggling to achieve its goal of 3 percent growth this year as skepticism grows over sluggish domestic demand and investment.Officials said the government is not considering stimulus measures for now, as it has already injected an extra 11 trillion won ($9.76 billion) into the econom

The top financial policymakers of South Korea and the United States met Saturday on the sidelines of the Group of 20 Finance Ministers Meeting in Washington D.C.Finance Minister Kim Dong-yeon and Treasury Secretary Steven Mnuchin discussed pending issues including North Korea, the bilateral free tra

South Korean retailers are accelerating their push to tap deeper into the Southeast Asian market after they suffered a serious setback in China in the face of Beijing's economic retaliation over Seoul's deployment of a U.S. anti-missile system, industry watchers said Sunday.On Tuesday, Lotte

Investors in South Korea are scrambling to withdraw their money from short-term investment vehicles amid a recent stock market rally, data showed Sunday.Money market funds (MMFs) here had a combined 106.3 trillion won (US$94 billion) under their management as of Tuesday, according to the data from t

South Korea's major shipyards, led by Hyundai Heavy Industries Co., are projected to report weak earnings for the third quarter of the year, as they received fewer orders in recent years and built low-priced ships, industry sources said Saturday.According to the data compiled by FnGuide, a finan

Hyundai Merchant Marine Co., a leading shipping firm here, said Friday that it plans to raise 694 billion won (US$615 million) by selling stocks.In a regulatory filing, the shipping firm said the proceeds from the stock offering will be used as working capital and to fund its facility expansion.The

South Korea will complete an energy road map that shifts its reliance from coal and nuclear power toward natural gas and renewable energy to put more focus on public safety and technology innovation, the government said Thursday."We will change the energy paradigm toward safe and clean future energ

Samsung Electronics Vice Chairman Lee Jae-yong faced the first session of his appeals trial on Thursday over the massive bribery case that triggered the ouster of former President Park Geun-hye early this year.Dressed in a dark suit and looking slimmer, the heir to South Korea's richest conglome

Ha Seong-yong, former CEO of the Korea Aerospace Industries Co. (KAI), was indicted Wednesday on charges that include accounting fraud, embezzlement and bribery in a major scandal surrounding the nation's sole aircraft maker.The Seoul Central District Prosecutors' Office also charged nine ot

The number of local subsidiaries established abroad by South Korea's 30 biggest business groups rose gradually in recent years, a report said Sunday, as they actively made inroads into overseas markets to survive the keen competition. The figure surged to 3,332 last year from 2,650 in 20