Business Jul 16, 2023

The world’s fastest-growing whisky market is South Korea

South Koreans consumed 14.2 million liters of whisky in 2022, a small amount compared with other nations, but up 46% from 2021.

Business Apr 3, 2023

South Korean rocket ambitions pose a fresh challenge to SpaceX

Cash from arms sales to Ukraine’s neighbors is helping to fund Hanwha Aerospace's efforts to expand its 2-year-old space business.

Asia Pacific Jan 20, 2023

Mask mandate lifted everywhere but on public transport in South Korea

Authorities have determined the current COVID-19 wave has peaked, based on the country’s death rate and the number of critical patients.

Asia Pacific Nov 25, 2022

South Korea was ready for COVID. Now it’s eyeing the next threat.

The country had overhauled the way it responds to diseases after having learned painful lessons from the MERS outbreak just four years earlier, giving it a global edge when COVID-19 hit.

Business / Corporate Aug 29, 2022

Honda and LG set to build $4.4 billion EV battery plant in U.S.

The facility will have an annual capacity of about 40 gigawatt-hours with mass production slated to start at the end of 2025, Honda has said.

Business / Financial Markets Jul 19, 2022

Janet Yellen touts ‘friend-shoring’ as global supply chain fix

Yellen called on "trusted” U.S. allies to strengthen trade relationships disrupted by the pandemic, the war in Ukraine and threatened longer term by a reliance on China.

Business Jun 9, 2022

China sees an exodus of South Korean giants as relations wane

Manufacturing giants like Samsung Display and LG Electronics are already shutting some factories in China, pressured by cheaper local rivals and uncertainty over lockdowns.