LG Energy Solution had a $370 billion order backlog. (Photo by Ahn Seong-bok)
Companies

LG Energy Solution scrambles to boost EV battery production

Company harnesses AI to improve quality control at 10 locations worldwide

30 October 2023
People visit the site of the Halloween crowd crush disaster in Seoul's Itaewon neighborhood on Oct. 15, ahead of the Oct. 29 anniversary.
Society

Seoul braces for solemn Halloween one year after Itaewon disaster

Crowd crush dredged up familiar questions over safety, accountability

27 October 2023
Saudi Crown Prince Mohammed bin Salman, behind the wheel, and South Korean President Yoon Suk Yeol, were all smiles in Riyadh. Companies from their countries signed dozens of business deals.
Business Spotlight

From EVs to digital, South Korea bags deals in tense Middle East

Hyundai, Naver join Yoon during his business-focused trip to Saudi Arabia and Qatar

27 October 2023
SK Hynix says that its chip business is steadily recovering thanks to growing demand for high-performance memory chips, though the company is still losing money.
Semiconductors

SK Hynix reports $1.3bn Q3 operating loss on chip slump

South Korean chipmaker loses money for fourth straight quarter

26 October 2023
A delivery worker drives past shoppers at Namdaemun Market in Seoul on March 13.
Economy

South Korea's GDP growth keeps 0.6% clip as exports rebound

Q3 result, slightly above forecast, marks expansion in three straight quarters

26 October 2023
Cranes serve a container ship on a dockyard in Qingdao in east China's Shandong province on Oct. 13.
Trade

China's graphite curbs send South Korea searching for alternatives

Stricter controls by Beijing spark familiar lament of Seoul's vulnerability

24 October 2023
Tourists look toward North Korea from an observatory on the South Korean side of the Demilitarized Zone, Oct. 18, 2023. (Photo by Steven Borowiec) 
Asia Insight

Hamas' Israel assault reverberates on tense Korean border

Experts see new security jitters in South, no obvious chance of DMZ escalation

24 October 2023
South Korean and Saudi Arabian companies agreed to joint energy and infrastructure projects amid a bilateral investment forum held Oct. 22.
International relations

South Korea snags 46 Saudi Arabia energy, infrastructure projects

Hyundai, Posco and others collaborate on Riyadh's Vision 2030 economic reforms

24 October 2023
Oil tankers pass through the Strait of Hormuz: In 2018, 76% of crude oil traveling through the strait was bound for Asia.
Opinion

India, Japan and South Korea should work together to protect shipping

Renewed Middle East fighting highlights energy security vulnerability

23 October 2023
Bank Indonesia explained that the rate hike was a precautionary measure to mitigate the impact of higher prices for imports.
Economy

Indonesian rate hike highlights Asia's tough battle to defend currencies

Prospects of easing fade as Philippine peso and others remain weak

23 October 2023
A BMW electric car is displayed at a motor show in Thailand earlier this year. The country is now gearing up to host an expo dedicated to EVs.
Your Week in Asia

Kishida policy speech, Bangkok EV show, Seoul Halloween tragedy memorial

Your weekly lineup of Asia's biggest business and political events

22 October 2023
The B-52 Stratofortress is an important piece of U.S. deterrence capabilities. (South Korea Defense Ministry/Yonhap via AP)
Defense

U.S. shows off B-52 in South Korea as part of deterrence push

Washington highlights alliance with eye on Pyongyang's nuclear ambitions

20 October 2023
A man wearing a VR headset explores the metaverse version of Shibuya, a district in Tokyo, Japan. (Photo by Yuki Kohara) 
The Big Story

Asia's metaverse is still thriving, from digital cities to gaming

In Japan, Philippines and more, virtual worlds are expanding despite Meta's flop in the West

18 October 2023
South Korean, Japanese and U.S. destroyers sail together while conducting a trilateral ballistic missile defense exercise in the Sea of Japan.
Defense

U.S. military open to drafting contingency plans with Japan, South Korea

Washington still vigilant against North Korea and China amid Israel crisis, general says

18 October 2023
Kioxia hopes to merge with Western Digital's memory chip business, but SK Hynix could derail the plan. (Kioxia Holdings)
Semiconductors

SK Hynix balks at Western Digital-Kioxia memory chip merger

South Korean chipmaker proposes SoftBank tie-up as backup plan

18 October 2023
Visitors to a South Korean defense exhibition look at a display for an unmanned helicopter made by Hanwha Aerospace. (Photo by Kim Jaewon)
Aerospace & Defense Industries

South Korea hosts arms fair amid wars in Europe and Middle East

President Yoon Suk Yeol vows to keep expanding defense industry

17 October 2023
South Korea has more than doubled the maximum number of visas for migrant workers this year versus 2019, before the COVID-19 pandemic struck.
Asia Insight

South Korea turns to migrant labor to fuel growth

With falling birthrate, country widens range of jobs filled by foreign workers

17 October 2023
South Korean President Yoon Suk Yeol is under pressure ahead of the 2024 general election. (Office of the President of the Republic of Korea via Kyodo)
Politics

South Korea opposition wins by-election in blow to Yoon

President's party vows to win over voters ahead of 2024 general election

13 October 2023
Activists protesting in late August Japan's release of treated cooling water from the wrecked Fukushima Daiichi nuclear power plant into the Pacific Ocean. 
International relations

Nearly 70% of South Koreans against Fukushima release: poll

Only about 8.5% have positive view of Kishida, but an improvement on 2022

12 October 2023
China plays a major role in supply chains for clean energy products, including making at least 90% of substrates used in solar panels. (Photo by Shinya Sawai)
Supply Chain

Japan, World Bank diversify renewable energy supply chains

Emerging countries to get help to boost manufacturing, with eye on easing China dependence

12 October 2023
Samsung Electronics is struggling to emerge from a prolonged semiconductor slump that has eaten into its profits.
Semiconductors

Samsung's Q3 profit likely down 78% amid memory chip slump

Analysts expect South Korean tech giant to recover in fourth quarter; shares rise

11 October 2023
An oil tanker in the Mediterranean Sea as seen from Ashkelon, Israel. Japan and South Korea are worried about energy supplies from the Middle East. 
Middle East crisis

South Korea and Japan flag economic risk of Middle East war

Both countries seeking measures to deal with possible rise in energy prices

11 October 2023
Hanwha Aerospace displayes a K9 Howitzer and an automatic resupply vehicle at the Association of the United States Army exhibition in Washington on Oct 10. (Photo by Ken Moriyasu)
Defense

South Korean arms makers seek to crack U.S. market amid Gaza war

Demand for ammunition in Ukraine, Israel creates buzz at land warfare expo

11 October 2023
The Seoul Central District Court rejected a request for an arrest warrant for opposition leader Lee Jae-myung, deeming him unlikely to destroy evidence. (Photo by Yosuke Onchi)
Comment

South Korea's judiciary delivers another political surprise

Unpredictable courts may still influence Seoul's thaw with Tokyo

8 October 2023
WATA's system uses lidar sensors to track crowds even in the darkness. (Photo courtesy of WATA)
Technology

South Korea startup taps AI to prevent crowd crushes after Itaewon

Fatal disaster inspires WATA to create sensor system that works in the dark

6 October 2023