Hyungji Elite selected as official partner of FC Barcelona

Hyungji Elite selected as official partner of FC Barcelona

South Korea’s school and corporate uniform company Hyungji Elite announced on Monday that it was selected as the official partner of FC Barc...

Seoul to build huge two-ring Ferris wheel for $700 mn

Seoul to build huge two-ring Ferris wheel for $700 mn

The Seoul Metropolitan Government on Sunday unveiled the design of a Ferris wheel, tentatively named Seoul Twin Eye, which it plans to complete by 2...

Samsung, SK Hynix expect high 2024 profits as memory market returns

Samsung, SK Hynix expect high 2024 profits as memory market returns

Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chipmakers, expect to post decent chip profits next year as DRAM pri...

BOK chief says rates need to stay high for over 6 months

BOK chief says rates need to stay high for over 6 months

South Korea’s central bank chief on Thursday said interest rates will have to stay high for more than six months, leaving the door open for an...

Flexibility unlocks opportunities: M&G Investments

Flexibility unlocks opportunities: M&G Investments

As central banks fight with post-COVID inflation, the repricing of global interest rates continues to add to global market volatility across both bo...

Celltrion Healthcare's Remsima SC to be launched in US in 2024

Celltrion Healthcare's Remsima SC to be launched in US in 2024

Celltrion Healthcare Co. announced on Thursday that its autoimmune disease treatment Zymfentra (the US product name for Remsima SC) is set to be lau...

Korea's startup ecosystem lags behind peers in global investments

Korea's startup ecosystem lags behind peers in global investments

South Korea’s startup environment lags behind major countries in terms of global expansion and foreign investment attraction, a report from st...

Hanwha Ocean showcases Jangbogo-III submarine in Warsaw

Hanwha Ocean showcases Jangbogo-III submarine in Warsaw

South Korean shipbuilder Hanwha Ocean Co. held the Hanwha Ocean Day event in Warsaw, Poland, on November 29 for local media, to showcase its involve...

KIC recoups 40% of 2022’s loss on stock, bond gains

KIC recoups 40% of 2022’s loss on stock, bond gains

Korea Investment Corp. (KIC) posted a 7.12% return on total asset investments in the first eight months of this year, recouping about 40% of last ye...

Lotte Chem develops tech to improve EV battery durability

Lotte Chem develops tech to improve EV battery durability

Lotte Chemical Corp. said on Tuesday it has developed a technology to improve the durability of electric vehicle cell materials by enhancing the sta...

Car sales may sputter in 2024 amid EV policy risk: Research

Car sales may sputter in 2024 amid EV policy risk: Research

The global automobile market is on track to recover to pre-pandemic levels this year and is expected to grow at a moderate pace amid a prolonged eco...

L&F to invest $1.9 bn to build key battery materials plants

L&F to invest $1.9 bn to build key battery materials plants

DAEGU, South Korea – L&F Co., South Korea’s major cathode supplier seeking to transform into a comprehensive battery materials produ...

SK, Lotte cut copper foil output; to up Malaysia capacity

SK, Lotte cut copper foil output; to up Malaysia capacity

SK Nexilis Co. and Lotte Energy Materials Corp., South Korea’s two leading copper foil producers, have continued to reduce factory operation r...

Naver to launch global version of Whale browser in Q1 2024

Naver to launch global version of Whale browser in Q1 2024

Naver Cloud, the infrastructure subsidiary of South Korea’s online giant Naver Corp., plans to launch a global version of its Whale browser in...

Korea to invest $200 mn in new drugs, vaccines by 2028

Korea to invest $200 mn in new drugs, vaccines by 2028

South Korea’s health ministry will allocate 261.6 billion won ($200.2 million) for two funds over the next four years to boost private sector ...

Lotte mulls Lotte World Tower spruce-up to rival Azabudai Hills Tower

Lotte mulls Lotte World Tower spruce-up to rival Azabudai Hills Tower

Lotte Group is considering sprucing up the Lotte World Tower in Seoul, the tallest building in South Korea, to maintain its position as a landmark s...

Korean LCC T’way enjoys healthy earnings on preemptive investment

Korean LCC T’way enjoys healthy earnings on preemptive investment

South Korean budget airline T'way Air Co. reported strong earnings as it benefited from its preemptive move of introducing new aircraft to increase ...

Lotte Fine to invest $99 mn to up green materials sales by 6 times  

Lotte Fine to invest $99 mn to up green materials sales by 6 times  

Lotte Fine Chemical Co., South Korea’s largest ammonia producer, will spend a total of 129 billion won ($99 million) in an aim to become the w...

S.Korea to pour $26 bn in UK’s renewables, infrastructure

S.Korea to pour $26 bn in UK’s renewables, infrastructure

South Korea’s sovereign wealth fund, banks and other private sector companies plan to pour £21 billion ($26.3 billion) in renewables, in...

Compelling investment opportunity in US data center market: Principal

Compelling investment opportunity in US data center market: Principal

Current tenant demand for data centers has never been stronger and is growing at an unprecedented rate. Investors have started to take notice and ma...

Naver invests in AI operations automation startup

Naver invests in AI operations automation startup

Naver D2 Startup Factory (D2SF), a tech startup investment and support project, announced Thursday that it invested in a startup with AI operations ...

BP, Corio to invest $1.1 billion in S. Korea as Seoul-London ties deepen

BP, Corio to invest $1.1 billion in S. Korea as Seoul-London ties deepen

LONDON – British offshore wind power developer Corio Generation and energy giant BP Plc have agreed to invest a combined 1.5 trillion won ($1....

Hyundai to build EV battery pack plant in India by 2025

Hyundai to build EV battery pack plant in India by 2025

South Korea’s top automaker Hyundai Motor Co. is set to invest 7 billion rupees ($84 million) to build an electric vehicle battery pack assemb...

Samsung to launch low-power, high-speed AI chips in 2024

Samsung to launch low-power, high-speed AI chips in 2024

Samsung Electronics Co. will launch low latency wide (LLW) DRAMs next year, designed to improve the power efficiency of artificial intelligence appl...

Lotte Hotels & Resorts ups ante in kimchi business

Lotte Hotels & Resorts ups ante in kimchi business

South Korea’s largest hotel group Lotte Hotels & Resorts is pinning high hopes on kimchi as a new revenue source amid intensifying competi...

Lotte Home Shopping showcases Bellygom in Bangkok

Lotte Home Shopping showcases Bellygom in Bangkok

South Korea's Lotte Home Shopping announced on Tuesday that it has displayed Bellygom Bellygom at Siam Discovery, the largest shopping mall in Bangk...

SM Entertainment invests in tech startup, music label

SM Entertainment invests in tech startup, music label

K-pop powerhouse SM Entertainment Co. invested 1 billion won ($774,353) in a local app development startup valued at 20 billion won in June 2022 via...

LG Energy may produce mid-nickel EV batteries from 2024

LG Energy may produce mid-nickel EV batteries from 2024

South Korea’s LG Energy Solution Ltd. plans to mass-produce mid-nickel, high-voltage lithium batteries as early as next year, one year ahead o...

Beware political risk, No.1 factor in Korea Discount

Beware political risk, No.1 factor in Korea Discount

Corporate governance and management transparency have long been the big issues influencing the so-called Korea Discount, alongside labor strife and ...

Hyundai Group chair exits Schindler-invested unit board

Hyundai Group chair exits Schindler-invested unit board

Hyundai Group's chairwoman on Friday resigned from the board of its elevator unit, whose No. 2 shareholder is Schindler Holding AG, amid mounting sh...

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