Samsung’s Monimo set to disrupt Korea’s financial app market

Samsung’s Monimo set to disrupt Korea’s financial app market

Samsung Group, South Korea’s most powerful business group, is poised to crack the country’s financial app market — now crowded wit...

Hyundai to develop EREV powertrain for electric pickup, Santa Fe, GV70

Hyundai to develop EREV powertrain for electric pickup, Santa Fe, GV70

South Korea’s top automaker Hyundai Motor Group is developing a next-generation powertrain, known as a range extender, for pickup trucks and s...

Food giant CJ CheilJedang's profits rise for 3rd straight quarter

Food giant CJ CheilJedang's profits rise for 3rd straight quarter

South Korean food giant CJ CheilJedang Corp.'s quarterly operating profit increased for the third consecutive quarter, reversing a decline in the th...

Korea’s retail investors buy stocks on dips in turmoil

Korea’s retail investors buy stocks on dips in turmoil

South Korea’s individual investors took the recent turmoil in stock markets as an opportunity to buy shares at home and abroad on dips, bettin...

S.Korea's top three tire makers sell 45 mn units in H1 2024

S.Korea's top three tire makers sell 45 mn units in H1 2024

South Korean tire manufacturers have nearly reached sales of 45 million units in the global market during the first half of this year, the Korea Tir...

Korea opens probe into Woori's loans to ex-chair's relatives

Korea opens probe into Woori's loans to ex-chair's relatives

South Korea’s financial watchdog agency said on Sunday it has found that Woori Financial Group, the country's fourth-largest financial holding...

Carlyle, Keppel, IMM stay in final race for Ecorbit

Carlyle, Keppel, IMM stay in final race for Ecorbit

Carlyle Group, a union of Hong Kong-based Keppel Corp. and Gaw Capital Partners and a consortium of IMM Investment and IMM Private Equity are the th...

IGIS puts NPS-backed building in Seoul on sale for $294 mn

IGIS puts NPS-backed building in Seoul on sale for $294 mn

IGIS Asset Management Co., one of Asia's largest real estate investment firms, is seeking to sell a building backed by South Korea’s National ...

Samyang Roundsquare holds 'Buldak Ferry Party' in Denmark

Samyang Roundsquare holds 'Buldak Ferry Party' in Denmark

Samyang Roundsquare, formerly known as Samyang Foods Group in South Korea, announced on Friday that it held a consumer event called the "Buldak Spic...

Kakao to launch conversational AI platform for B2C commerce

Kakao to launch conversational AI platform for B2C commerce

South Korean mobile platform giant Kakao Corp. said on Thursday that it will accelerate its artificial intelligence push by launching a conversation...

LG ramps up European HVAC marketing with new Therma V model

LG ramps up European HVAC marketing with new Therma V model

LG Electronics Inc., a leading South Korean home appliance maker, is strengthening efforts to enhance its presence in Europe’s heating, ventil...

SGC E&C secures $189 mn petrochem facility project in Saudi Arabia

SGC E&C secures $189 mn petrochem facility project in Saudi Arabia

SGC Engineering & Construction (E&C), a specialist in design, procurement and construction (EPC), said on Thursday that it has signed a cont...

Gas maker Air Products Korea put on sale for around $3.6 bn

Gas maker Air Products Korea put on sale for around $3.6 bn

US industrial gas maker Air Products and Chemicals Inc. has put its South Korean unit up for sale for an estimated 5 trillion won ($3.6 billion), in...

S.Korea’s current account at near 7-year high on strong chip exports

S.Korea’s current account at near 7-year high on strong chip exports

South Korea reported its biggest monthly current account surplus in six years and nine months thanks to robust exports of semiconductors. But the gr...

US to award SK Hynix up to $450 mn for Indiana chip complex

US to award SK Hynix up to $450 mn for Indiana chip complex

The US government said on Tuesday it plans to provide SK Hynix Inc., the world’s leading high-bandwidth memory (HBM) chipmaker, up to $450 mil...

SK Telecom logs higher quarterly profit on AI, lower costs

SK Telecom logs higher quarterly profit on AI, lower costs

SK Telecom Co., South Korea’s top mobile carrier, reported a higher quarterly profit as its cost-cutting and strong artificial intelligence (A...

MLOps startup Vessl AI eyes 50% sales from US in 2025

MLOps startup Vessl AI eyes 50% sales from US in 2025

Vessl AI, a South Korea-native MLOps platform-operating startup, is envisioning a takeoff in the US next year after building a concrete client base ...

Hyundai Tucson HEV posts record US sales as hybrids catch on

Hyundai Tucson HEV posts record US sales as hybrids catch on

South Korea’s Hyundai Motor Co. saw sales of the hybrid version of its flagship Tucson SUV hit an all-time monthly high in July in the US, the...

Samsung invests in US AI security startup Protect AI

Samsung invests in US AI security startup Protect AI

Samsung Venture Investment Corp., Samsung Electronics Co.'s venture capital firm, has invested in Protect AI Inc., a US startup offering a security ...

Samsung, Ottogi unveil exclusive lifestyle TV goods

Samsung, Ottogi unveil exclusive lifestyle TV goods

Samsung Electronics Co. announced on Friday that it collaborated with the domestic food company Ottogi to release limited edition goods called Samsu...

BalanceHero sees record high H1 sales in India

BalanceHero sees record high H1 sales in India

BalanceHero, a South Korean fintech startup that entered the Indian market, announced on Friday that its sales and loan execution amounts for the fi...

Lotte Rental establishes UAE subsidiary

Lotte Rental establishes UAE subsidiary

South Korea's Lotte Rental Co. said on Thursday that it established an overseas subsidiary in Dubai, United Arab Emirates (UAE), to boost the expo...

South Korea to develop gas-cooled reactor with POSCO, SK, Daewoo

South Korea to develop gas-cooled reactor with POSCO, SK, Daewoo

South Korea has embarked on a 44.5 billion won ($32.3 million) project to jointly develop an advanced gas-cooled nuclear reactor with related domest...

LG Chem emerges as global No. 4 chemicals maker: C&EN

LG Chem emerges as global No. 4 chemicals maker: C&EN

South Korea’s LG Chem Ltd. has emerged as the world’s fourth chemicals producer, the second Asian company to be among the five largest a...

Samsung SDI’s Q2 profit drops on sluggish European EV sales

Samsung SDI’s Q2 profit drops on sluggish European EV sales

Samsung SDI Co., the world’s sixth-largest electric vehicle battery maker, saw its second-quarter operating profit plunge from the year-earlie...

Lotte India, Havmor to merge to raise $722.4 mn in sales

Lotte India, Havmor to merge to raise $722.4 mn in sales

South Korean confectionery giant Lotte Wellfood Co. will merge its Indian subsidiaries — Lotte India Co. and Havmor Ice Cream Pvt — to b...

NH to buy Donuimun D Tower for $650 mn

NH to buy Donuimun D Tower for $650 mn

South Korea’s NongHyup Financial Group Inc. (NH Financial) is poised to acquire landmark office building Donuimun D Tower for about 900 billio...

S-Oil halts fire-hit paraxylene plant, faces revenue loss

S-Oil halts fire-hit paraxylene plant, faces revenue loss

ULSAN, South Korea -- It looks inevitable that S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., will take a substantial revenue hit from...

Korean soju makers likely to log strong quarterly profit

Korean soju makers likely to log strong quarterly profit

HiteJinro Co., South Korea’s leading soju maker, will likely post its best-ever quarterly profit in the second quarter as the clear distilled ...

Kia posts highest-ever profit margin, double Tesla's

Kia posts highest-ever profit margin, double Tesla's

Kia Corp., South Korea’s No. 2 carmaker, on Friday posted its highest-ever operating profit margin of 13.2% in the second quarter, more than d...

Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1 From G-Dragon to Ibuki: Dongmyo emerges as global fashion hotspot Hyundai helps Korean economy most with $265 bn contribution South Korea issues €1.4 billion in largest-ever euro bond sale