Samsung Heavy Industries Co., the world’s third-largest shipbuilder by orders, said Wednesday it has received a 678.3 billion-won (US$514 million) liquefied natural gas (LNG) order.

Samsung Heavy has obtained the deal from an unidentified

Seoul shares opened lower Wednesday tracking overnight losses on Wall Street amid growing concerns over an all-out war in the Middle East after Iran attacked Israel with missiles.

The benchmark Korea Composite Stock Price

The antitrust regulator said Wednesday it has decided to fine Kakao Mobility Corp. 72.4 billion won (US$54.82 million) for allegedly demanding competing taxi franchise operators sign partnership deals and blocking their access to its

South Korea’s consumer prices slowed to the lowest level in 3 1/2 years in September, falling below 2 percent for the first time since early 2021, data showed Wednesday.

Consumer prices, a key gauge

South Korea’s defense ministry on Wednesday signed a deal to purchase so-called suicide drones from Poland, officials said, in efforts to better equip the military with the low-cost but effective weapons that North Korea