KB News DeskLee calls for faster work on Sejong office, AI industrial hubs
President Lee Jae Myung on Tuesday called for accelerating the construction of a presidential office in Sejong, reaffirming his goal of shifting more of the country’s core administrative functions away…
Heat wave, solar growth test Korea’s power strategy
Nuclear and renewables can coexist, but Korea needs a more flexible grid South Korea’s record-breaking heat wave put the competing demands on its power system into sharp relief as the…
Korea’s battery trio braces for W1tr ESS price war
Samsung SDI defends cumulative lead as SK On’s lower-cost LFP strategy reshapes competition South Korea’s three largest battery makers are preparing to compete for about 1 trillion won ($706.8 million)…
Luxury, foreign shoppers drive Shinsegae to record first half
Shinsegae said Tuesday it posted its strongest-ever first-half earnings this year as investments in its department stores and efforts to streamline its affiliates improved profitability across major businesses. The retail…
OH MY GIRL Transfers To DSP + XLOV’s Agency Announces Name Change Following RBW’s Structural Changes
RBW Inc. has announced management-related changes that will affect OH MY GIRL and XLOV. On August 11, RBW Inc. shared a statement regarding the changes in the label operating structure…
July rate hike was no one-off, BOK deputy governor says
Ryoo Sang-dai backs further tightening as strong growth and persistent inflation outweigh market stabilization The Bank of Korea should keep raising interest rates after its first hike in more than…
Hanwha offers up to $1.2b for Austal’s US shipbuilding arm
Hanwha Group is seeking to acquire the US arm of Austal, Australia’s biggest shipbuilding company, in a move to substantially strengthen the South Korean conglomerate’s shipbuilding and defense presence in…
![[Photo News] Hana Financial honors fallen heroes](https://korbiznews.com/wp-content/uploads/2026/08/news-p.v1.20260811.c37ae1c9db38414b89291a7d95a7a882_P1.jpg)
[Photo News] Hana Financial honors fallen heroes
Hana Financial Group Chairman Ham Young-joo pays tribute at the Memorial Tower of Seoul National Cemetery in Dongjak-gu, Seoul, on Monday, ahead of the 81st anniversary of Korea’s liberation. On…
Coupang's dawn delivery reign faces new dawn
Fulfillment centers, supermarket stores under revised law could stoke competition South Korea’s dawn delivery market has long belonged to a handful of e-commerce players, led by Coupang. Now some of…
Musinsa hosts first global buyer event for Standard line
South Korean fashion platform Musinsa said Tuesday it held its first global buying event for private label brand Musinsa Standard, courting overseas retailers ahead of its 2027 spring-summer collection. The…
