2024 EV of the Year

South Korea held an economic ministers’ meeting with China and Japan on Sunday to discuss cooperation, including resuming negotiations about a...

The Korean Teachers’ Credit Union (KTCU) achieved an 11.1% return on investments in 2024, with overseas portfolios in stocks, infrastructure a...

Hyundai Motor Co. and General Motors Co. are expected to soon announce a vehicle-sharing deal about six months after they signed an agreement for th...

SK On Co. has landed a deal to supply nearly 100 gigawatt hours (GWh) of electric vehicle batteries to Japanese carmaker Nissan Motor Co., which cou...

WASHINGTON, D.C. – The US government plans to unveil country-specific reciprocal tariffs on April 2, with particular attention to nations impo...

Samsung Electronics Co. will accelerate its push into robotics, medical technology and next-generation semiconductor markets to secure new growth dr...

LG Energy Solution Ltd., the world’s third-largest battery maker, and Doosan Bobcat Inc., a global construction machinery producer, said on We...

South Korean chemicals-to-defense conglomerate Hanwha Group has taken a 9.9% stake in Austal Ltd., an Australian shipbuilder, for 183.3 million Aust...

Krafton Inc. invested in 10 overseas game developers in 2024 in search of the next big franchise intellectual property (IP) following its mega-hit t...

Kia Corp. will release a new purpose-built vehicle (PBV) model every two years, with plans to launch the PV9 in 2029 and its first model, the PV5, t...

Samsung SDI Co. will issue new shares worth 2 trillion won ($1.4 billion), its first rights offering in two decades, to fund bold facility and R&...

Kia Corp. will expand production of its compact sport utility vehicle, the Seltos, after selling 310,000 units of the model across the globe, making...

Chinese stocks are attracting South Korean investors looking beyond Wall Street amid the downturn in US Big Tech stocks.South Korea’s equity f...

Korean Air Lines Co., South Korea’s largest full-service carrier, has undergone a major makeover of its corporate identity (CI) for the first ...

New York-based Apollo Global Management and London-based Intermediate Capital Group (ICG) have joined the ranks of global private equity firms that ...

Webtoon Entertainment Inc., the Nasdaq-listed storytelling platform operator under South Korea’s internet giant Naver Corp., is set to expand ...

South Korea’s No. 2 automaker Kia Corp. saw its Chinese operations turn profitable in 2024 for the first time in eight years as brisk exports ...

South Korea’s foreign exchange reserves diminished to the lowest level in nearly five years last month, largely due to the expanded forex swap...

Shinsegae Group Chairman Chung Yong-jin has unveiled aggressive growth plans that include opening more E-Mart Inc. hypermarket outlets, defying the ...

South Korea’s top two automakers Hyundai Motor Co. and Kia Corp. are expected to ramp up electric vehicle production in Europe and the US to b...

South Korea said on Wednesday it plans to create a new visa to attract high-level foreign talent for advanced industries such as artificial intellig...

South Korea’s auto behemoth Hyundai Motor Group has spun off its four in-house startups with innovative technologies in mobility, automation a...

South Korea’s factory production decreased in the first month of this year due to a manufacturing slowdown, while private consumption and busi...

MEMPHIS, Tenn. -- South Korea’s major power system and machinery conglomerate Hyosung Heavy Industries Corp. plans to nearly double its annual...

Concerns are growing that the tech startup ecosystem in South Korea, home to global tech household name Samsung Electronics Co., would be trapped in...

Affinity Equity Partners said on Friday that it will sign a definitive agreement on March 11 with Lotte Group to acquire a 56.2% stake in South Kore...

The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, said on ...

The Korea Investment Corporation (KIC) reported an annual return of 8.49% last year thanks to steady gains from equity investments led by the AI tec...

South Korea’s top carmaker Hyundai Motor Co. Chief Executive Officer José Muñoz was picked as the most powerful figure in the in...

TARRAGONA, Spain – Despite a temporary slowdown in electric vehicle demand and intensifying competition from Chinese automakers, Kia Corp. rem...