BusinessKorea

BusinessKorea holds the distinction of being the oldest and most renowned monthly publication focused on business in Korea, having first hit the stands in June 1983. Last year, it proudly marked its 30th anniversary. For anyone looking to stay updated on Korea's major conglomerates, BusinessKorea is an essential resource. Its readers include thousands of executives and managers from both large and small enterprises, as well as high-ranking officials from various ministries. The publication also caters to the expatriate business and diplomatic communities residing in Korea. On an international scale, BusinessKorea is the most widely read business and financial magazine from Korea, boasting a rapidly expanding audience across over one hundred countries. A readership survey carried out in 1992 by RSI and Frank Small & Associates, with support from the Asian Wall Street Journal, Economist, and Business Week, found that BusinessKorea ranks among the top three Korean magazines, alongside Reader's Digest and Monthly Chosun. Since 1997, BusinessKorea has partnered with media giants like Reuters and Dow Jones Information Services (which publishes the Wall Street Journal) to share its content, as well as Financial Times Information and Factiva under licensing agreements. The publication has an extensive overseas network, featuring 18 Media Representatives, including Marston Webb International in the U.S. and Globe Media International in Canada. Today, both readers and advertisers are increasingly recognizing the influence and reach of BusinessKorea. Our audience consists of a diverse and esteemed group of multinational companies that offer top-notch products and services, reflecting the trust that BusinessKorea has earned over the years. With global interest in the Korean economy at an all-time high, now is the ideal moment to engage with Korea’s leading English-language business publication.

Trade/B2B

English, Korean

Magazine

Outlet metrics

Domain Authority

Ranking

Global

#172392

Korea, Republic of

#14720

News and Media

#608

Traffic sources

Monthly visitors

Articles

U.S., China Agree to Slash Tariffs in New Trade Agreement

4 days ago | businesskorea.co.kr | Jung Min-hee

The United States and China agreed on May 11 (local time) to significantly reduce tariffs imposed on each other over the next 90 days. During this period, China will lower tariffs on U.S. products from 125% to 10%, while the U.S. will reduce tariffs on Chinese goods from 145% to 30%.
Korea & Company’s Q1 Revenue Hits All-time High

4 days ago | businesskorea.co.kr | Michael Herh

Hankookl & Company, the business holding company of Korea & Company Group, announced on May 12 that its consolidated operating profit for the first quarter of this year was tentatively calculated at 126.9 billion won, a 1.1% increase from the same period last year. Revenue reached 388.7 billion won, up 11.5% year-on-year, achieving the highest quarterly record since the establishment of Korea & Company.
China's CATL Seeking to Expand Battery Supply to Hyundai Motor and Kia

4 days ago | businesskorea.co.kr | Michael Herh

CATL, the world’s largest electric vehicle battery manufacturer from China, has announced plans to expand its product supply to domestic automakers including Hyundai Motor Co. and Kia Corp. The company aims to actively target the demand from domestic automakers seeking to lower electric vehicle prices, primarily with its price-competitive lithium iron phosphate (LFP) batteries.
KDI Warns of Economic Slowdown in Its Latest Report

4 days ago | businesskorea.co.kr | Jung Min-hee

The Korea Development Institute (KDI), a state-run think tank, has officially mentioned "economic slowdown" for the first time this year.
Renewable Energy Expansion Faces Critical Infrastructure Challenges

4 days ago | businesskorea.co.kr | Michael Herh

Domestic power experts largely agree on the need to expand renewable energy, but unanimously stress that adequate preparation must precede this expansion. They argue that without addressing the structural characteristics of renewable energy -- -instability (intermittency) in power generation, power grid overload and market penetration of Chinese products with low-cost competitiveness -- the spread of renewable energy could lead to greater side effects.
Hyundai Mobis to Develop Humanoid Robot Joints and Muscles

4 days ago | businesskorea.co.kr | Michael Herh

Hyundai Mobis is set to enter the robotics component market with actuators that serve as the joints and muscles of humanoid robots. According to industry sources on May 11, Hyundai Mobis has recently discussed commercialization strategies for actuators –- core components of humanoid robots –- with institutional investors. Its dedicated R&D division for robotics components is accelerating efforts to secure related technologies.
South Korea's Exports to the U.S. Plunge 30.4% in Early May

4 days ago | businesskorea.co.kr | Jung Min-hee

The Korea Customs Service announced on May 12 that export value (provisional on customs clearance basis) for early May (1-10) decreased by 23.8% year-on-year to $12.83 billion. This marks the largest export decline for the first 10 days of a month since October 2020, when exports plummeted by 29% due to COVID-19 lockdowns. During the same period, import value ($14.57 billion) decreased by 15.9%, resulting in a trade deficit of $1.74 billion.
BYD Tops Imported EV Sales in First Month of Korea Launch

4 days ago | businesskorea.co.kr | Michael Herh

Chinese electric vehicle (EV) maker BYD has surpassed expectations, selling over 500 units in just half a month after its official launch in the Korean market. Despite a two-month delay in securing national subsidies compared to competitors, BYD’s competitive pricing has allowed it to rapidly gain market share since deliveries began in April. Industry data reveals that BYD’s compact EV, the Atto 3, recorded 543 new registrations in April after deliveries commenced on April 14.
Korea’s National Debt Ratio Surpasses Non-reserve Currency Countries' Average

4 days ago | businesskorea.co.kr | Jung Min-hee

An analysis by the International Monetary Fund (IMF) suggests that Korea’s national debt ratio to gross domestic product (GDP) will exceed the average of non-reserve currency countries this year. According to the April edition of the IMF's Fiscal Monitor released on May 11, Korea’s general government debt-to-GDP ratio is projected to reach 54.5% this year.
Enchem Initiates Two National Projects to Develop Sodium-ion Battery Technology

4 days ago | businesskorea.co.kr | Michael Herh

Enchem announced on May 12 that it is conducting two national projects to develop next-generation secondary battery materials using sodium, as the related market is rapidly emerging, with China’s CATL recently unveiling sodium batteries. Sodium has been touted as a new material to replace lithium, the core material of existing batteries for electric vehicles and energy storage systems (ESS).