Fitch affirms S. Korea’s rating at fourth-highest AA- with stable outlook coronavirus pandemic and a dynamic export sector, should continue to support Korea’s credit metrics in the near ..

Woori Financial Q2 NP jumps five-fold, helping H1 bottom line hit record high of financial soundness despite continued concerns from coronavirus impacts. Its non-performing loan (NPL) ratio a..

Six out of 10 small biz owners at risk of closing doors amid 4th wave of Covid-19 coronavirus battered the country in August last year, the figure nearly halved to 42.34 million won, and they exp..

Yanolja draws $1.75 bn investment from Softbank`s Vision Fund coronavirus travel market. Yanolja is one of tech-focused travel platforms equipped with IoT, AI, blockchain, and..

No. of int’l migrants falls at sharpest pace in 2020 amid pandemic The number of South Korean and foreign migrants decreased at the fastest pace last year as cross-border movements were d..

UPDATE: BOK reaffirms rate hike need despite worst virus hit after holding rate at 0.5% coronavirus cases and variant danger. The daily infections topped 1,600 cases for two days in a row as of Wednesd..

Genexine founder to step down to focus on Covid vaccine development coronavirus vaccine approved for the late-stage commercial development. Currently, there are no commercially avai..

Shinpoong Pharm shares freefall on failed clinical trial coronavirus treatment did not meet key efficacy endpoints in Phase 2 clinical trials. The clinical study was cond..

Update: Korea will receive 700,000 doses of Pfizer vaccines from Israel by Wed in swap deal (Updated with government confirmation) South Korea confirmed it would be receiving 700,000 doses of Pfizer’s coronav..

SK Bioscience submits Phase 3 protocol for its investigational Covid vaccine coronavirus vaccine candidate jointly developed with the Institute for Protein Design (IPD) at the University of ..

Korea to produce single-dose “Sputnik Light” vaccine for Russia from August coronavirus vaccine for Russia. The Russian government is pushing for Sputnik Light as a strategic export item an..

Winia Dimchae’s ultra-low temp Covid-19 storage cleared in Korea for sale coronavirus vaccines that are needed to be stored at different temperatures, including mRNA-based vaccines. Deman..

SK Bioscience to invest $132 mn to ramp up vaccine production capacity coronavirus vaccines developed by AstraZeneca and Novavax under CMO contracts signed last year. With the latest c..

Korea becomes world’s No. 3 cosmetics exporter in 2020 coronavirus pandemic. Exports to all major markets increased significantly, while the export markets were more di..

Korea’s power consumption nearly back to pre-pandemic levels coronavirus pandemic pounded the economy. The monthly power consumption had been on the steady rise for the sixth..

S. Korean companies’ revenue grows on year in Q1 for first time in 9 quarters coronavirus pandemic fallout amid rapid vaccination rollouts, which has also helped Korea’s exports surge and co..

Daewoo E&C breaks ground for $5 bn LNG plant in Nigeria and procurement as initial construction was interrupted by the impact of the coronavirus pandemic. Daewoo E&C sai..

Korean ruling party seeks cashback rewards for credit card spending South Korea’s ruling Democratic Party (DP) will discuss with the government to add special cashback rewards for credit ..

IND filed for Phase 2 trial of oral Covid-19 drug with natural origins in Korea A South Korean pharmaceutical company has filed an investigational new drug application (IND) for a Phase 2 study of an ..

Chatbots become must for everyday tasks for Korean enterprises coronavirus pandemic also boosted the company’s migration into a chatbot and robotic processing automation (RPA)..