Seoul: Hyosung Heavy Industries Corp. on Friday reported its third-quarter net profit of 151.8 billion won (US$106.4 million), representing an increase of 109.6 percent from the same period last year.

Seoul: The veterans ministry has announced that the late U.S. Air Force Maj. Charles J. Loring Jr. will be recognized as next month’s Korean War hero. This designation honors his

Seoul: Korea and the United States reached a long-awaited tariff agreement on Wednesday, but differences are already emerging over key details. The deal allows Korea to invest US$200 billion of

Gyeongju: The Asia-Pacific Economic Cooperation (APEC) CEO Summit, the official sideline event of the APEC leaders’ summit, concluded its three-day conference on Friday, providing insights into global business leaders’ perspectives

Seoul: Seoul stocks rebounded late Friday morning as investors awaited a major announcement by U.S. tech giant Nvidia on its business cooperation with South Korean firms including Samsung and Hyundai.

Seoul: The South Korean economy witnessed a 1.2 percent expansion in the third quarter compared to the previous quarter, primarily driven by an increase in consumer spending and robust export