Korean retirement funds, mutual aids struggle with profitability

Some major retirement funds in South Korea are raising interest rates on their members’ savings accounts in line with global central banks&rsq...

Easing car delivery crunch: Boon or bane for Hyundai, Kia?

Just like its global peers, Hyundai Motor Co. and Kia Corp. have suffered from the chip shortage that bogged down the entire auto industry for nearl...

YG's share price surges 6.3% on news of Blackpink’s album release, concert 

Shares of major K-pop label YG Entertainment Inc. finished Wednesday's trade 6% higher at 48,950 won ($37.52) a share, on news of Blackpink’s ...

Ssangyong to raise Torres SUV output for turnaround

South Korea’s Ssangyong Motor Co. will ramp up the production of its new sport utility vehicle to meet strong demand, hoping the Torres will h...

Google stops KakaoTalk updates over violation of external payment policy

Alphabet Inc.’s Google has halted updates to Kakao Corp.'s KakaoTalk, South Korea's most popular messaging app. An employee of Kakao told...

Infotainment, telematics define LG’s new future with $6.2 billion in orders

When LG Electronics Inc. surprised the market last year by announcing that it was exiting the mobile phone business, one of its mainstay businesses,...

Naver’s web browser Whale challenges global rivals

South Korea’s homegrown web browser Whale, developed by Naver Corp., is quietly increasing its presence in the domestic market, where Google C...

NCSOFT publishes second ESG report with a playbook concept

NCSOFT Corp., a leading South Korean game developer, has published its second annual sustainability report using a playbook map concept. The re...

Washington D.C. recognizes Korea as origin of kimchi

Washington D.C. has joined the three US states of California, Virginia and New York to designate Nov. 22 “Kimchi Day,” and has acknowled...

Korean Air gears up to normalize international flights

Korean Air Lines Co., the country’s top carrier, is set to take measures to normalize international flights as nations worldwide are opening u...

KG, Cactus PE, Pavilion PE named new owners of Ssangyong Motor

A consortium led by the chemicals-to-steel conglomerate KG Group has been named the new owner of South Korea’s troubled sport utility vehicle ...

1 in 4 biotech firms struggles with decreasing cash reserves

South Korea’s biotechnology firms – public and private alike –  are facing increasingly negative financial conditions. T...

Top Korean companies’ new battlefield: Used car market

Hyundai Motor Co., Lotte Rental Co., and KB Financial Group, the No. 1 players in each of their sectors, are gearing up to fight in a new arena &nda...

S.Korean conglomerates look to paint future with NFTs

The non-fungible token (NFT) ecosystem has penetrated into mainstream society. NFTs are digital assets that represent objects in the physical world,...

Korea to reboot nuclear power sector with orders, aid

South Korea plans to rebuild the nuclear power plant industry hard hit by the previous government’s nuclear energy phasing-out policy by placi...

S.Korea ushers in new space era with rocket launch success

GOHEUNG, South Korea -- South Korea opened a new space era as it succeeded in the launch of a homegrown space rocket carrying payloads to become the...

KAIST says its computation engine outperforms Google's, IBM's

Korea Advanced Institute of Science & Technology (KAIST), a prestigious South Korean university, unveiled an artificial intelligence computation...

Pet health: Korean genetic testing firms' new target market

South Korean direct-to-consumer (DTC) genetic testing companies are rushing to the veterinary diagnostics market where they see greater potential gr...

SK Gas to sell Istanbul tunnel stake to Qatari fund for $111 mn

SK Gas Ltd., South Korea’s leading liquefied petroleum gas (LPG) supplier, is poised to sell its stake in an operator of the Eurasia Tunnel in...

Netmarble to officially launch Seven Knights Revolution on July 28 

Netmarble Corp. is poised to officially launch its latest game Seven Knights Revolution on July 28 in South Korea. The South Korean mobile game...

LG Uplus’ Uplus Drive to be installed in Lexus New Generation NX series

The in-vehicle infotainment (IVI) system by LG Uplus will be equipped in the new line of vehicles by Toyota Motor Corp. and its luxury division Lexu...

Korea Inc. hit by rising commodity prices, weak won, supply crisis

South Korea’s major industries, especially the petrochemical and auto parts sectors, are suffering from surging global commodity prices, a wea...

Doosan adds chip post-processing to list of growth drivers

Doosan Group has added semiconductor post-processing services to its core businesses and plans to invest 1 trillion won ($774 million) in its microc...

Korea’s new central bank head could be a game changer

Rhee Chang-yong has made a big splash in less than two months as the Bank of Korea governor and I’m not the least bit surprised. Over the l...

LG Energy to invest $451 mn in mass production of Tesla’s 4680 battery cells

LG Energy Solution Ltd. announced Monday it will invest 580 billion won ($451 million) to manufacture battery cells for Austin-based Tesla, Inc.The ...

LG Display to target 3 billion gamers with dedicated OLED

South Korea’s major display panel maker LG Display Co. aims to attract 3 billion gamers worldwide by fostering products dedicated to gaming as...

LG Uplus to strengthen AI and data businesses with launch of voicebot

LG Uplus Corp., the mobile network arm of LG Corp., is poised to strengthen its business-to-business (B2B) operations by utilizing its artificial in...

KT to spend near $10 bn on digital platform by 2026

KT Corp., a South Korean telecom giant, plans to invest nearly $10 billion in its digital platform sector by 2026 as it aims to focus on the industr...

SK Hynix to supply industry’s best-performing DRAM to Nvidia

SK Hynix Inc., the world’s second-largest memory chipmaker, is set to supply the industry’s best-performing DRAM to US graphic chipmaker...

KAIST develops brain-like, large-scale memory system

The Korea Advanced Institute of Science & Technology (KAIST), a prestigious South Korean university, has developed a highly-reliable, large-scal...