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 …

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 …

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…

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…

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…

The office of President Yoon Suk Yeol will create the position of political affairs minister in an effort to strengthen communication with the National Assembly, Yoon’s chief of staff said Monday.

Presidential Chief of Staff Chung Jin-suk made the r…

Renault Korea Motors Co., the South Korean unit of Renault S.A., said Monday its June sales jumped 23.4 percent last month from a year earlier thanks to a sharp rise in exports.

Renault Korea sold 9,002 vehicles in June, up from 7,297 units a year e…

North Korea fired two ballistic missiles in a northeastern direction Monday, South Korea’s military said, with one of the launches possibly failing and the missile landing inside the country.

The Joint Chiefs of Staff (JCS) said one short-range ball…