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The Global Korean Business News
Kim Orders Major Expansion of North Korea's Intelligence Network
Kim Jong Un has ordered North Korea's top intelligence agency to expand satellite, cyber and overseas espionage capabilities, fueling concern over deeper intelligence cooperation with Russia and China.
Top stories
Russia Wants 30,000 More North Korean Troops for Ukraine War, Zelensky Says
Lee Jae Myung Departs on 11-Day Trip Spanning San Francisco and South America
AI Chip Boom Puts SK Hynix, Samsung and Kioxia Earnings in the Spotlight
Korea Says US to Honor 15% Tariff Cap Despite New Section 301 Duties
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Hanwha Investment Cuts KEPCO Target Price, Cites Energy Price Risk
Hanwha Investment & Securities slashed its target price for Korea Electric Power (KEPCO) from 64,000 won to 47,000 won, warning that volatile global energy prices could weigh on earnings even as it kept its 'Buy' rating. KEPCO shares tumbled about 7% the day the report came out.
Indonesia's Commitment to KF-21 Fighter Jet Purchase Wavers
Indonesia's expected order of 16 KF-21 fighter jets worth roughly 3 trillion won is reportedly in doubt, casting a shadow over Korea Aerospace Industries' broader export ambitions for the aircraft.
KAI Eyes Follow-On KF-21 Order from Seoul as Indonesia Talks Continue
Korea Aerospace Industries expects to hand over eight KF-21 fighters to South Korea's air force by year-end and anticipates a second order for roughly 80 more jets, while negotiations with Indonesia over an additional purchase progress.
Hyundai Motor to Supply Official Vehicles for First Korea-Central Asia Summit in 2026
Hyundai Motor will provide protocol vehicles for heads of state and delegations at the inaugural Korea-Central Asia Summit, set for September 16, 2026, extending the automaker's long-standing role at major diplomatic gatherings.
Hyundai Mobis Posts Mixed Q2 Results as Governance Overhaul Fuels Stock Speculation
Hyundai Mobis beat profit expectations in the second quarter of 2026 thanks to strong after-sales earnings, but analysts remain split on the outlook as investors weigh a possible group governance restructuring.
Kim Orders Major Expansion of North Korea's Intelligence Network
Kim Jong Un has ordered North Korea's top intelligence agency to expand satellite, cyber and overseas espionage capabilities, fueling concern over deeper intelligence cooperation with Russia and China.
Russia Wants 30,000 More North Korean Troops for Ukraine War, Zelensky Says
Ukrainian President Volodymyr Zelensky says Russia is preparing to bring in 30,000 additional North Korean troops, a deployment that would more than double Pyongyang's known military role in the war.
Hyundai Glovis Wins Series of China Battery, Vehicle Shipping Contracts
Hyundai Glovis has secured multiple shipping deals with Chinese battery and automobile manufacturers, deepening its push into overseas logistics as sea shipments of China-made vehicles have nearly doubled over three years.
Lee Jae Myung Kicks Off Latin America Tour, Pitches Region as Key to Korea's Global South Push
President Lee Jae Myung launched his first Latin America tour in Brazil, pledging deeper ties with the Global South and eyeing revived Mercosur trade talks before heading to Chile and Argentina.
K-Pop's Q3 2026 Calendar: BTS and (G)I-DLE Lead July, Red Velvet and Stray Kids Set for August
Forbes' running K-pop release tracker maps a packed third quarter, with July comebacks from BTS, (G)I-DLE, U-Know Yunho and Hyolyn plus rookie debut VAYONN, while August brings Red Velvet, Stray Kids, ENHYPEN and NCT 127 back to the charts.
Hanwha Ocean's 'Floating Refinery' Sets Sights on South American Deep-Sea Oilfields
Hanwha Ocean has secured design certifications from ABS and DNV for a standardized FPSO model tailored to South America, positioning the shipbuilder to compete for major offshore energy contracts in the region.
Hanwha Ocean Leads Korea-U.S. Shipbuilding Alliance, Signs Warship Design Deal in Washington
Hanwha Ocean signed multiple agreements in Washington D.C. to deepen shipbuilding cooperation with the United States, including a joint warship design contract with Gibbs & Cox and workforce training partnerships.
News Wire · 166 stories
Netflix's 'The East Palace' Rockets to No. 1 in 17 Countries, Echoing 'Kingdom' Seven Years Later
Lee Jae Myung Departs on 11-Day Trip Spanning San Francisco and South America
Rapper E Sens Rejects Fine, Demands Trial Over Molestation Claim
Will the Bank of Korea Raise Rates Again in August After Its July Hike?
AI Chip Boom Puts SK Hynix, Samsung and Kioxia Earnings in the Spotlight
Rapper E Sens Investigated Over Alleged Forcible Molestation at Itaewon Nightclub
Korea Says US to Honor 15% Tariff Cap Despite New Section 301 Duties
Celltrion Files EU Approval for Cosentyx Biosimilar CT-P55
SK Hynix, Samsung and Kioxia Face Pivotal Earnings Test on AI Swings
US Finalizes 12.5% Tariffs on South Korea, 59 Other Countries Over Forced-Labor Concerns
South Korea Drops Denuclearization as Precondition for Talks With North Korea
South Korea Urges North Korea to Return to Dialogue at ASEAN Security Forum
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Coverage by topic
South Korea
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North Korea
See allKim Orders Major Expansion of North Korea's Intelligence Network
Kim Jong Un has ordered North Korea's top intelligence agency to expand satellite, cyber and overseas espionage capabilities, fueling concern over deeper intelligence cooperation with Russia and China.
Russia Wants 30,000 More North Korean Troops for Ukraine War, Zelensky Says
Ukrainian President Volodymyr Zelensky says Russia is preparing to bring in 30,000 additional North Korean troops, a deployment that would more than double Pyongyang's known military role in the war.
North Korea-China Trade Rises in First Half of 2026 Despite June Slowdown
Chinese customs figures released Monday showed North Korea's trade with Beijing climbed year-on-year in the first half of 2026, even as monthly turnover eased in June to about $252 million.
World
See allHyundai Glovis Wins Series of China Battery, Vehicle Shipping Contracts
Hyundai Glovis has secured multiple shipping deals with Chinese battery and automobile manufacturers, deepening its push into overseas logistics as sea shipments of China-made vehicles have nearly doubled over three years.
From Korea to Portelinha: How Doowon Is Changing Lives in Piracicaba, Brazil
South Korean auto parts maker Doowon supports a social project that brings vocational training to Portelinha, one of Brazil's largest favelas, located near its Piracicaba plant.
LG Electronics Posts Record Q2 Profit as Appliances and Auto Parts Business Shine
LG Electronics reported preliminary second-quarter 2026 revenue of $15.82 billion and operating profit of $1.05 billion, both the best second-quarter figures in the company's history, driven by premium appliances, TVs and vehicle components.
Economy
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Will the Bank of Korea Raise Rates Again in August After Its July Hike?
A surprisingly strong second-quarter GDP and GDI reading has fueled speculation the Bank of Korea could deliver back-to-back rate hikes, though several analysts still favor October as the more likely timing.
Korean Won Posts Biggest Monthly Gain Among G20 Currencies in July as Dollar Weakens
The South Korean won strengthened more than any other G20 currency in July, reversing a months-long slide that had pushed it near its weakest level since the Asian financial crisis, as export-driven dollar inflows and eased U.S. inflation worries pressured the greenback.
South Korea's Economy Grows 0.6% in Q2 as Chip Exports Surge
South Korea's GDP expanded 0.6% quarter-on-quarter in the second quarter of 2026, far outpacing the central bank's 0.2% forecast, as a record-breaking semiconductor export boom outweighed weakness in construction and Middle East-related disruptions.
Companies
See allHyundai Glovis Wins Series of China Battery, Vehicle Shipping Contracts
Hyundai Glovis has secured multiple shipping deals with Chinese battery and automobile manufacturers, deepening its push into overseas logistics as sea shipments of China-made vehicles have nearly doubled over three years.
From Korea to Portelinha: How Doowon Is Changing Lives in Piracicaba, Brazil
South Korean auto parts maker Doowon supports a social project that brings vocational training to Portelinha, one of Brazil's largest favelas, located near its Piracicaba plant.
LG Electronics Posts Record Q2 Profit as Appliances and Auto Parts Business Shine
LG Electronics reported preliminary second-quarter 2026 revenue of $15.82 billion and operating profit of $1.05 billion, both the best second-quarter figures in the company's history, driven by premium appliances, TVs and vehicle components.
Technology
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LG Display's OLED Shines Through Restructuring as CEO's Profit Push Takes Shape
LG Display's OLED business is regaining momentum even as the company works through the aftermath of restructuring, with CEO Jeong Cheol-dong's profitability-first strategy becoming increasingly visible across operations.
LG Display Bets on OLED, Sees Signals of Second-Half Rebound
LG Display's pivot away from low-margin LCD toward high-value OLED is lifting profitability, with OLED reaching 60% of first-quarter revenue and executives forecasting an earnings recovery in the second half.
KT to Release Treasury Shares for Employee RSU Grant in July 2026
KT Corporation plans to dispose of a small block of treasury shares on July 24, 2026, to deliver restricted stock units to employees under its long-term incentive program.
Hyundai
See allHyundai Motor to Supply Official Vehicles for First Korea-Central Asia Summit in 2026
Hyundai Motor will provide protocol vehicles for heads of state and delegations at the inaugural Korea-Central Asia Summit, set for September 16, 2026, extending the automaker's long-standing role at major diplomatic gatherings.
Hyundai Mobis Posts Mixed Q2 Results as Governance Overhaul Fuels Stock Speculation
Hyundai Mobis beat profit expectations in the second quarter of 2026 thanks to strong after-sales earnings, but analysts remain split on the outlook as investors weigh a possible group governance restructuring.
From Korea to Portelinha: How Doowon Is Changing Lives in Piracicaba, Brazil
South Korean auto parts maker Doowon supports a social project that brings vocational training to Portelinha, one of Brazil's largest favelas, located near its Piracicaba plant.
Kia
See allKia America Posts Best-Ever November as SUVs and Hybrids Drive Record Run
Kia America sold 72,002 vehicles in the U.S. in November, its strongest ever showing for the month, keeping the brand on track for a third straight annual sales record.
Kia's November Global Sales Dip Slightly as SUVs Keep Year Firmly in Growth
Kia sold 262,065 vehicles worldwide in November 2025, a 0.8% decline from a year earlier, though its RV and SUV lineup kept full-year sales up 1.8% heading into the close of the year.
Hyundai and SK On open $5 billion Georgia battery plant in US EV push
Hyundai Motor Group and SK On have started production at a $5 billion EV battery plant in Bartow County, Georgia, that will supply the nearby Metaplant as Hyundai chases the No. 2 spot in the US electric-vehicle market.
Samsung
See allWill the Bank of Korea Raise Rates Again in August After Its July Hike?
A surprisingly strong second-quarter GDP and GDI reading has fueled speculation the Bank of Korea could deliver back-to-back rate hikes, though several analysts still favor October as the more likely timing.
AI Chip Boom Puts SK Hynix, Samsung and Kioxia Earnings in the Spotlight
SK Hynix and Samsung Electronics are preparing to report earnings that will gauge investor confidence in memory chips, as rising high-bandwidth memory prices and the rollout of HBM4 ease worries about a second-half slowdown.
SK Hynix, Samsung and Kioxia Face Pivotal Earnings Test on AI Swings
Upcoming earnings from SK Hynix and Samsung Electronics will gauge whether investor enthusiasm for AI-driven memory chips can withstand recent market turbulence, as Kioxia's share slide adds to the jitters.
LG
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AI
See allSK Telecom Accelerates AI Data Center Expansion, Eyes Southeast Asia
SK Telecom unveiled plans to scale its Ulsan AI data center to 1 gigawatt capacity and expand into Vietnam, as the carrier pushes to become a full-stack AI data center developer.
SK Telecom Unveils 15GW AI Data Center Plan to Position Korea as Asia's AI Hub
SK Telecom announced a plan to build up to 15 gigawatts of AI data center capacity in South Korea, mobilizing SK Group's full-stack capabilities as it seeks to turn the country into Asia's leading AI infrastructure hub.
Analyst Turns Bullish on KT as AI Investment Push Drives Rating Upgrade
A Wall Street analyst upgraded KT Corporation to a bullish rating, pointing to the Korean telecom giant's newly announced multibillion-dollar artificial intelligence investment program and its strategic pivot toward becoming an AI platform company.
Politics
See allHanwha Investment Cuts KEPCO Target Price, Cites Energy Price Risk
Hanwha Investment & Securities slashed its target price for Korea Electric Power (KEPCO) from 64,000 won to 47,000 won, warning that volatile global energy prices could weigh on earnings even as it kept its 'Buy' rating. KEPCO shares tumbled about 7% the day the report came out.
Indonesia's Commitment to KF-21 Fighter Jet Purchase Wavers
Indonesia's expected order of 16 KF-21 fighter jets worth roughly 3 trillion won is reportedly in doubt, casting a shadow over Korea Aerospace Industries' broader export ambitions for the aircraft.
KAI Eyes Follow-On KF-21 Order from Seoul as Indonesia Talks Continue
Korea Aerospace Industries expects to hand over eight KF-21 fighters to South Korea's air force by year-end and anticipates a second order for roughly 80 more jets, while negotiations with Indonesia over an additional purchase progress.
Defense
See allIndonesia's Commitment to KF-21 Fighter Jet Purchase Wavers
Indonesia's expected order of 16 KF-21 fighter jets worth roughly 3 trillion won is reportedly in doubt, casting a shadow over Korea Aerospace Industries' broader export ambitions for the aircraft.
KAI Eyes Follow-On KF-21 Order from Seoul as Indonesia Talks Continue
Korea Aerospace Industries expects to hand over eight KF-21 fighters to South Korea's air force by year-end and anticipates a second order for roughly 80 more jets, while negotiations with Indonesia over an additional purchase progress.
Hanwha Ocean Leads Korea-U.S. Shipbuilding Alliance, Signs Warship Design Deal in Washington
Hanwha Ocean signed multiple agreements in Washington D.C. to deepen shipbuilding cooperation with the United States, including a joint warship design contract with Gibbs & Cox and workforce training partnerships.
Financial Markets
See allHanwha Investment Cuts KEPCO Target Price, Cites Energy Price Risk
Hanwha Investment & Securities slashed its target price for Korea Electric Power (KEPCO) from 64,000 won to 47,000 won, warning that volatile global energy prices could weigh on earnings even as it kept its 'Buy' rating. KEPCO shares tumbled about 7% the day the report came out.
Samsung Life Launches Senior Health Insurance Covering Dementia, Brain and Joint Diseases
Samsung Life Insurance has rolled out a new health insurance product tailored to older customers, bundling coverage for dementia, brain diseases and joint conditions as insurers race to serve South Korea's rapidly aging population.
LG Display Shares Swing in Choppy Trading Over Five Sessions
LG Display's stock repeatedly rose and fell across the five trading days through July 16, closing at 10,410 won as prices oscillated within the 10,000-won band.
Games
See allK-Pop's Q3 2026 Calendar: BTS and (G)I-DLE Lead July, Red Velvet and Stray Kids Set for August
Forbes' running K-pop release tracker maps a packed third quarter, with July comebacks from BTS, (G)I-DLE, U-Know Yunho and Hyolyn plus rookie debut VAYONN, while August brings Red Velvet, Stray Kids, ENHYPEN and NCT 127 back to the charts.
Netflix's 'The East Palace' Rockets to No. 1 in 17 Countries, Echoing 'Kingdom' Seven Years Later
Netflix's new historical fantasy series 'The East Palace' has climbed to the top of the platform's non-English TV chart in 17 countries, delivering the streamer's strongest Korean drama showing since 'Kingdom' broke through in 2019.
Rapper E Sens Rejects Fine, Demands Trial Over Molestation Claim
Supreme Team rapper E Sens has requested a formal trial after being handed a 5 million won summary fine over allegations he forcibly molested a woman at an Itaewon nightclub, insisting the contact was consensual.
K-pop
See allK-Pop's Q3 2026 Calendar: BTS and (G)I-DLE Lead July, Red Velvet and Stray Kids Set for August
Forbes' running K-pop release tracker maps a packed third quarter, with July comebacks from BTS, (G)I-DLE, U-Know Yunho and Hyolyn plus rookie debut VAYONN, while August brings Red Velvet, Stray Kids, ENHYPEN and NCT 127 back to the charts.
BTS to Release Korean-Language Version of 'NORMAL' from Album 'ARIRANG'
BTS has announced a Korean-language rendition of 'NORMAL,' a track from their latest full album 'ARIRANG,' teased through a surprise music video clip and tied to an exclusive Spotify push.
BTS Faces Backlash Over English Skills During 2026 FIFA World Cup Performance
BTS drew sharp online criticism over their English delivery during a high-profile appearance at the 2026 FIFA World Cup, even as Jungkook's styling for the same show went viral for very different reasons.
Dramas
See allK-Pop's Q3 2026 Calendar: BTS and (G)I-DLE Lead July, Red Velvet and Stray Kids Set for August
Forbes' running K-pop release tracker maps a packed third quarter, with July comebacks from BTS, (G)I-DLE, U-Know Yunho and Hyolyn plus rookie debut VAYONN, while August brings Red Velvet, Stray Kids, ENHYPEN and NCT 127 back to the charts.
Netflix's 'The East Palace' Rockets to No. 1 in 17 Countries, Echoing 'Kingdom' Seven Years Later
Netflix's new historical fantasy series 'The East Palace' has climbed to the top of the platform's non-English TV chart in 17 countries, delivering the streamer's strongest Korean drama showing since 'Kingdom' broke through in 2019.
Rapper E Sens Rejects Fine, Demands Trial Over Molestation Claim
Supreme Team rapper E Sens has requested a formal trial after being handed a 5 million won summary fine over allegations he forcibly molested a woman at an Itaewon nightclub, insisting the contact was consensual.
Culture
See allK-Pop's Q3 2026 Calendar: BTS and (G)I-DLE Lead July, Red Velvet and Stray Kids Set for August
Forbes' running K-pop release tracker maps a packed third quarter, with July comebacks from BTS, (G)I-DLE, U-Know Yunho and Hyolyn plus rookie debut VAYONN, while August brings Red Velvet, Stray Kids, ENHYPEN and NCT 127 back to the charts.
Netflix's 'The East Palace' Rockets to No. 1 in 17 Countries, Echoing 'Kingdom' Seven Years Later
Netflix's new historical fantasy series 'The East Palace' has climbed to the top of the platform's non-English TV chart in 17 countries, delivering the streamer's strongest Korean drama showing since 'Kingdom' broke through in 2019.
Rapper E Sens Rejects Fine, Demands Trial Over Molestation Claim
Supreme Team rapper E Sens has requested a formal trial after being handed a 5 million won summary fine over allegations he forcibly molested a woman at an Itaewon nightclub, insisting the contact was consensual.
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