NCSOFT delays key game launches, darkening H2 outlook
NCSOFT Corp., South Korea’s leading games developer, postponed the releases of key games that could attract new users, clouding its business o...
Seoul says US tax credit bill risks violation of FTA, WTO
South Korea has conveyed concerns to the US about its legislative move to remove tax credits from electric vehicles produced outside of North Americ...
Korea trade deficit jumps as chip exports fall on Aug. 1-10
South Korea suffered from a larger trade deficit in the first 10 days of the month as semiconductor exports declined on weaker demand for memory chi...
Coupang posts first positive EBITDA, raises full-year forecast
Coupang Inc., South Korea’s answer to global e-commerce giant Amazon.com, said on Wednesday its second-quarter performance has improved signif...
Korea's small PE firms putting fundraising plans off to 2023
South Korea’s small and mid-sized private equity firms are increasingly postponing fundraising schedules for their project-based funds to the ...
Foldable smartphones will go mainstream at Samsung: Mobile chief
NEW YORK – Samsung Electronics Co. has vowed to make foldable smartphones its mainstream products in the high-end segment, setting its sales t...
Korea suffers from foreign workers shortage in farming
South Korea’s agricultural product prices are expected to increase this year as the agriculture industry is suffering chronic labor shortages....
Megazone Cloud receives $343 mn from MBK, IMM PE in Series C funding
Megazone Cloud Corp., South Korea’s largest managed cloud service provider (MSP), has completed its Series C funding round with a combined 450...
Mobility platform Socar slashes price to push ahead with IPO
South Korea’s first mobility unicorn Socar Inc. has cut its IPO price by 18% to push ahead with its stock market debut, according to industry ...
Naver Band celebrates 10-year anniversary, over 6.1 billion posts
South Korea’s tech juggernaut Naver Corp. announced Monday that its Naver Band celebrates 10 years in service with more than 156 million app d...
Hyundai Motor between rock and a hard place over Russia operations
South Korea’s automotive juggernaut Hyundai Motor Co., which has invested heavily in Russia over the last several years, is stuck between a ro...
LG Elec. revives tablet business to target Korean edtech market
LG Electronics Inc. is going all in on South Korea’s distance learning market. For the first time in three years, the electronics giant h...
Celltrion logs strong Q2 earnings powered by biosimilars
South Korea’s biopharmaceutical maker Celltrion Inc. on Friday reported strong quarterly earnings thanks to healthy demand for its biosimilar ...
Seoul kicks off efforts to sell submarines to Australia
South Korea has embarked on efforts to export domestically designed submarines weighing more than 3,000 tons to Australia, while also in the final s...
Infineon chip flaws to disrupt IONIQ 5 EV production
Hyundai Motor Co. is highly likely to suffer a further production delay for its all-electric crossover IONIQ 5 after South Korean industry sources s...
Kakao Games posts record-high operating profit in Q2
Kakao Games Corp., the game publishing unit of South Korean web service giant Kakao Corp., said on Wednesday it achieved record-high operating profi...
SK Nexilis to unveil ultra-high strength EV battery copper foil
SK Nexilis Co., a unit of South Korean chemical materials maker SKC Ltd., has developed technology to mass produce ultra-high strength copper foil, ...
Korea’s Big Three shipbuilders in red despite growing order backlog
South Korea’s three major shipbuilders remain in the red despite hefty new ship orders so far this year, led by high-priced vessels such as li...
China's lockdown slams Korean beauty giants' Q2 earnings
South Korea’s two major cosmetics firms, Amorepacific Corp. and LG H&H Co., posted their second-quarter earnings heavily impacted by Chi...
POSCO, Krakatau to expand Indonesia steel mill for $3.5 bn
South Korea’s POSCO Group and Indonesia’s state-run Krakatau Steel plan to jointly invest $3.5 billion in building a blast furnace and a...
Hyundai Doosan Infracore declares 1st cash dividend in 14 years
Hyundai Doosan Infracore Co., a South Korean construction equipment company, will pay dividends to its shareholders for the first time in 14 years.A...
Chips, forex gains shore up Samsung's Q2 earnings
Samsung Electronics Co.’s second-quarter earnings remained steady compared to three months before, with robust memory chip sales for data cent...
LG Energy shrugs off slowing economy as demand grows
South Korea’s top battery maker LG Energy Solution Ltd. on Wednesday unveiled its ambitious goals for revenue and operating margins as electri...
Samsung to ramp up hiring for foundry business
South Korea's Samsung Electronics Co. plans to sharply increase the number of local employees in its semiconductor division this year to address tal...
Starbucks Korea faces its biggest challenge in 23 years
Starbucks Korea, the undisputed leader in South Korea’s coffee franchise landscape, is facing the biggest challenge of its 23-year history.&nb...
South Korea arms exports triple; rises to 8th-largest exporter
South Korea has become the world’s eighth-largest arms exporter, with its exports rising threefold – the fastest pace among the wo...
KT spurs content creation with hot Netflix drama Attorney Woo
On the heels of South Korea's successful Netflix drama "Squid Game" comes drama series “Extraordinary Attorney Woo." It has topped the streami...
Korean smartphone parts makers' stocks rebound in July
South Korea’s smartphone parts makers' shares are showing signs of a rebound following a steady decline since early this year. China’s s...
Five startups join the ranks of unicorns in the first half of this year
Five South Korean startups joined the ranks of unicorns in the first half of 2022, the largest such figure for six months. With that, the total...
LG Energy to double Ford battery pack production line in Poland
LG Energy Solution Ltd., SK Innovation Co., and other South Korean companies are poised to strengthen their business ties with Michigan-based Ford M...
