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

#241185

Korea, Republic of

#12585

News and Media

#546

Traffic sources

Monthly visitors

Articles

Lee Administration Retreats from Fiscal Rules Amid Criticism

1 week ago | businesskorea.co.kr | Jung Min-hee

The government has decided to issue an additional 19.8 trillion won in government bonds as part of its second supplementary budget of 30.5 trillion won. Unlike the first supplementary budget, the government has managed to secure about 10 trillion won by reducing expenditure by over 5 trillion won and partially utilizing available funds. However, 65% of the entire supplementary budget still relies on deficit bonds.
Donghae Gas Field Bidding Deadline Extended As Global Oil Majors Show Interest

1 week ago | businesskorea.co.kr | Michael Herh

Korea National Oil Corp. (KNOC) has decided to extend the bidding deadline for the second drilling project in the Donghae deep-sea gas field. This decision comes after some companies, having analyzed the “Daewang Whale” drilling data belatedly, requested more time for data analysis. According to industry sources, 4-5 global major oil and gas companies are considering participation in the project.
President Lee Approves 30.5 Trillion Won Supplementary Budget

1 week ago | businesskorea.co.kr | Jung Min-hee

President Lee Jae-myung approved a second supplementary budget of 30.5 trillion won at a cabinet meeting on June 19. This budget was compiled within 15 days of Lee’s election, making it the fastest supplementary budget in history based on the election date. In terms of scale, it ranks fourth in history. During the budget review, Lee stated, “While the principle of sound finance is important, the current economic downturn is too severe.
U.S. Car Prices Rise in Domino Effect Due to Tariffs; Hyundai Motor Holds Out

1 week ago | businesskorea.co.kr | Michael Herh

Global automotive brands are successively raising prices for vehicles sold in the United States due to the impact of President Donald Trump’s automotive tariff policy. As stockpiled inventory depletes, vehicle price increases are becoming inevitable. Hyundai Motor and Kia are still refraining from price increases and holding out. Industry experts predict this stance won’t last long.
Israel Strikes Iran’s Arak Nuclear Site; Iran Fires 20 Missiles in Retaliation

1 week ago | businesskorea.co.kr | Jung Min-hee

Israel launched an airstrike on Iran’s Arak nuclear facility on June 19 (local time), prompting Iran to immediately retaliate by firing at least 20 missiles. The Israeli military officially announced that it had attacked the Arak heavy water nuclear facility in the morning. Iranian state TV also reported that the facility had been hit.
HD Hyundai Makes Additional Investment in TerraPower, Accelerating SMR Business

1 week ago | businesskorea.co.kr | Michael Herh

HD Hyundai has made an additional investment in TerraPower, a U.S. small modular reactor (SMR) developer, alongside NVIDIA. According to a press release distributed on June 18 (local time), TerraPower announced the completion of a $650 million (approximately 894.6 billion won) fund raising. The fund includes participation from NVentures, a subsidiary of NVIDIA, Bill Gates, the founder of TerraPower, and Korea’s HD Hyundai, among others.
KG Mobility Opens Pre-orders for Actyon Hybrid

1 week ago | businesskorea.co.kr | Michael Herh

KG Mobility announced that it will begin pre-orders for the Actyon Hybrid, an urban sports utility vehicle (SUV), on June 19. The Actyon Hybrid is equipped with a 1.83kWh (kilowatt-hour) lithium iron phosphate (LFP) battery, the largest capacity among domestic hybrid models. KGM explained that it also applies a dual tech hybrid system consisting of a parallel-series dual motor that produces 130kW (177 horsepower), delivering dynamic driving performance similar to an electric vehicle.
Pacifico Energy Korea Signs Agreement to Promote Offshore Wind Industry in South Jeolla Province

1 week ago | businesskorea.co.kr | Michael Herh

Pacifico Energy Korea has jointly signed a cooperation agreement for the development of the offshore wind industry and revitalization of the Daebul Industrial Complex with three local governments — South Jeolla Province, Jindo County, and Yeongam County — and Yuil Co., Ltd., an offshore wind equipment supplier located in the Daebul Industrial Complex in Yeongam County, South Jeolla Province.
Powell Warns Tariffs Will Soon Raise Consumer Prices

1 week ago | businesskorea.co.kr | Jung Min-hee

Jerome Powell, chair of the U.S. Federal Reserve System (Fed), projected that the effects of tariffs on price increases and economic slowdown will materialize in the coming months. Consequently, he stated that the Fed would maintain its wait-and-see approach, observing future developments before adjusting the benchmark interest rate.
62% of Korean Businesses Say Korea-Japan Economic Cooperation Should Remain Steadfast

1 week ago | businesskorea.co.kr | Jung Min-hee

More than half of Korean businesses recognized that Korea-Japan economic cooperation has contributed to Korea’s economic growth and that going forward, cooperation should remain steadfast. Businesses noted that the most promising areas for cooperation between the two countries were in advanced industries, including semiconductors and AI.