Indian tax authorities have sent a confidential notice to South Korean car maker Kia Motors accusing it of evading millions of dollars in taxes. The amount could be as high as $155m (£125m) and the …
South Korea’s SK Innovation expects 2025 refining margins to remain flat
SK Innovation Co Ltd, owner of South Korea’s top refiner SK Energy, said it expects refining margins to remain flat in 2025 due to rising jet fuel demand, despite production increases expected in countries such as the U.
South Korea’s Industry Ministry Temporarily Bans Access to DeepSeek on Security Concerns, Official Says
SEOUL (Reuters) – South Korea’s industry ministry has temporarily banned employee access to Chinese artificial intelligence startup DeepSeek due to security concerns, a ministry official said on …
South Korea’s ex-defence minister calls protesters who stormed court ‘patriots’
A former South Korean defence minister charged with insurrection over his role in a short-lived martial law declaration has praised protesters who stormed a court over last month’s decision to extend …
Editorial: South Korea should strengthen ties in U.S.-Japan-South Korea AI alliance
OpenAI CEO Sam Altman, facing intensifying competition from China’s artificial intelligence (AI) sector, visited South Korea to explore potential collaborations with Samsung Electronics Executive …
Exclusive: India accuses Kia of evading taxes of $155 mln in VW-like dispute
India has accused South Korea’s Kia of evading taxes of $155 million by misclassifying component imports but the carmaker has denied wrongdoing, the latest fight by a foreign automaker with New Delhi …
South Korea Inflation Jumps 2.2% On Year In January
Consumer prices in South Korea were up 2.2 percent on year in January, Statistics Korea said on Wednesday – exceeding expectations …
Trump’s tariff reprieve gives brief respite to Korean firms, but uncertainty lingers
SEOUL: With US President Donald Trump’s long-threatened tariffs on goods from Canada and Mexico paused for a month, South Korean companies operating in these countries breathed a sigh of relief.
South Korea Wants to Rebuild Aviation Safety System After Crash, Fire Incidents
In the deadliest air disaster ever on South Korean soil, a plane belonging to budget airline Jeju Air crashed at the country’s Muan airport on Dec. 29, killing all but two of the 181 passengers and crew members on board.
1 in 3 S Korean exporters expect worsening business conditions in 2025: survey
More than one out of three export companies in South Korea anticipate deteriorating business conditions this year amid increased tariff concerns and foreign exchange woes, a survey showed Tuesday.