SK On Co., the loss-making battery unit of South Korea’s chip-to-construction conglomerate SK Group, said Monday it will freeze the annual pay of all executive-level officials until it turns to profit, as part of its cost-cutting measures.

Under the…

KG Mobility, formerly known as SsangYong Motor Co., said Monday its June sales slipped 8.6 percent from a year earlier due to sluggish domestic demand.

KG Mobility sold 9,358 vehicles last month, compared with 10,243 units sold a year earlier, the c…

Medical professors at three Korea University-affiliated hospitals vowed Monday to start an indefinite voluntary walkout later this month, amid a prolonged standoff between doctors and the government over its medical reform plan.

The emergency commit…

SK Group Chairman Chey Tae-won has met with leaders of global tech giants, including Amazon and Intel Corp., to discuss ways to broaden business corporation in artificial intelligence (AI) semiconductors, his company said Monday.

Chey, who has been …

Hanwha Aerospace Co. said Sunday it aims to generate 2.9 trillion won (US$2.08 billion) in sales from the global aviation engine components business by 2032, with a target to secure capabilities for developing its own engine technologies for fighter …

Renault Korea Motors Co., the South Korean unit of French auto group Renault S.A., has apologized following an online backlash over purported misandry imagery contained in the company’s YouTube videos.

On Saturday, Renault Korea blocked public acces…

Aerospace Alley is one of the world’s largest and most experienced concentrations of aerospace companies, housing around 130 parts companies and top-tier original equipment manufacturers (OEMs) within an 80-kilometer radius of Hartford, Connecticut.
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At least six people were killed and eight others were injured when a car crashed into pedestrians in downtown Seoul on Monday, police said.

The accident took place at an intersection near Seoul City Hall at around 9:30 p.m, according to the police.
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