S.Korea's perfume duty free limit to rise by 100 ml in 2024

S.Korea's perfume duty free limit to rise by 100 ml in 2024

South Korean government will raise the duty-free limit of perfume from 60 ml to 100 ml in January 2024. The Ministry of Economy and Finance announce...

This country will police ‘shrinkflation’ at the supermarket

This country will police ‘shrinkflation’ at the supermarket

SEOUL—Food prices have risen so much that Kim Soo-yeon has developed a suspicious new habit at the grocery store. She has taken to shaking bag...

Ocean carrier HMM's share price gains put KDB in hot seat

Ocean carrier HMM's share price gains put KDB in hot seat

On Nov. 20, HMM Co., South Korea’s No. 1 ocean carrier, issued new 200 million shares after its two largest shareholders -- Korea Development ...

HD Hyundai Construction, Infracore to use integrated machinery platform

HD Hyundai Construction, Infracore to use integrated machinery platform

HD Hyundai Co., a South Korean shipbuilding and machinery conglomerate, is building an integrated equipment manufacturing platform for its two const...

LegoChem Bio, Janssen sign $1.7 bn ADC licensing deal

LegoChem Bio, Janssen sign $1.7 bn ADC licensing deal

LegoChem Biosciences Inc. has signed a blockbuster $1.7 billion deal to license out its proprietary antibody drug conjugate (ADC) candidate to Jasse...

ESR KendallSquare REIT leads Korean logistics sector

ESR KendallSquare REIT leads Korean logistics sector

ESR KendallSquare REIT, overseeing 18 advanced logistics centers across South Korea, adeptly handled challenges in the real estate sector this year....

Hyundai Wia to create new subsidiaries: Movient, Teczen

Hyundai Wia to create new subsidiaries: Movient, Teczen

South Korea's second-largest auto parts maker Hyundai Wia Corp. announced on Thursday that it will establish two subsidiary companies, "Movient" and...

Anushka Sen, global celebs to ring in New Year in Seoul

Anushka Sen, global celebs to ring in New Year in Seoul

Thousands of global celebrity infuencers, including Indian TV actress and model Anushka Sen, are set to ring in the New Year at a content festival i...

HS Ad, Coupang to co-work for retail media advertising

HS Ad, Coupang to co-work for retail media advertising

South Korea’s HS Ad Inc. announced on Thursday that it will collaborate with the domestic e-commerce giant Coupang for data-based digital mark...

Korea’s troubled kimchi fridge maker Winia seeks new owner

Korea’s troubled kimchi fridge maker Winia seeks new owner

Winia Co., South Korea’s troubled kimchi refrigerator manufacturer under court receivership, is looking for a new owner to save the company fr...

S.Korea sees new record of seaweed exports

S.Korea sees new record of seaweed exports

South Korea's seaweed (Gim) exports hit 1 trillion won ($770 million) in this year, the Ministry of Oceans and Fisheries announced on Wednesday. I...

Boryung, HK inno.N to co-market Kanarb, K-CAB

Boryung, HK inno.N to co-market Kanarb, K-CAB

South Korea’s pharmaceutical companies Boryung Corp. and HK inno.N announced on Wednesday that they will start co-marketing for their respec...

Samsung Elec unveils new image sensors for robotics, XR

Samsung Elec unveils new image sensors for robotics, XR

Samsung Electronics Co., the world’s largest memory chipmaker, on Tuesday introduced new image sensors tailored for advanced content platforms...

Netmarble's Marblex listed on Bitget

Netmarble's Marblex listed on Bitget

Marblex, a blockchain subsidiary of South Korean game developer Netmarble Corp., announced on Tuesday that it has listed its MBX token on the global...

SK E&S to strengthen Korea's liquid hydrogen ecosystem

SK E&S to strengthen Korea's liquid hydrogen ecosystem

SK E&S Co., an energy unit of South Korean conglomerate SK Group, will cooperate with domestic firms to strengthen the country’s liquid hy...

LG Display plans $1 bn rights offering for smaller OLED biz

LG Display plans $1 bn rights offering for smaller OLED biz

LG Display Co., the world’s top manufacturer of large-size organic light-emitting diode (OLED) panels, said on Monday it plans to raise 1.36 t...

Korea’s 6G frequency bands picked as standard candidates

Korea’s 6G frequency bands picked as standard candidates

Sixth-generation (6G) communication frequency bands proposed by South Korea have been adopted as global standard candidates by the industry's freq...

New Samsung, LG laptops drive industry shift toward on-device AI

New Samsung, LG laptops drive industry shift toward on-device AI

Samsung Electronics Co. and LG Electronics Inc. are unveiling new artificial intelligence-powered laptops next month, joining an industry move to in...

Samsung to release Galaxy Book4 laptop series in January

Samsung to release Galaxy Book4 laptop series in January

Samsung Electronics Co. will release its laptop lineup Galaxy Book4 series on Jan. 2, 2024, with a new intelligent processor for high performance an...

Korea Housing Finance Corp. opens New York office

Korea Housing Finance Corp. opens New York office

Korea Housing Finance Corporation announced on Wednesday that it has opened a New York office to serve as a hub for its overseas fund procurement ac...

Samsung, ASML to build joint research plant in Hwaseong

Samsung, ASML to build joint research plant in Hwaseong

Samsung Electronics Co. and ASML Holding NV plan to build their joint research plant in Dongtan township in Hwaseong, South Korea, in which the me...

Naver Webtoon to enhance global biz with new exec for US IPO

Naver Webtoon to enhance global biz with new exec for US IPO

Naver Webtoon Ltd., the world’s top digital comics provider, aims to ramp up its global business with the appointment of a new executive ahead...

LG Electronics launches AI-powered LG Gram laptop

LG Electronics launches AI-powered LG Gram laptop

South Korean electronics giant LG Electronics Inc. announced on Friday its plans to launch the AI-powered LG Gram laptop, featuring Intel's next-gen...

SK On Vice Chair Chey Jae-won sees greater growth potential in 2024

SK On Vice Chair Chey Jae-won sees greater growth potential in 2024

Chey Jae-won, executive senior vice chairman of SK On Co., a leading South Korean battery maker, said on Thursday he expects the company’s gro...

CJ Foodville attracts $54 mn investment from Arges PE

CJ Foodville attracts $54 mn investment from Arges PE

CJ Foodville, the food service subsidiary of South Korea's CJ Group and the operator of bakery brand Tous les Jours announced on Thursday that it at...

Kia to unveil new PBV lineup at CES 2024

Kia to unveil new PBV lineup at CES 2024

Kia Corp. announced on Thursday that it plans to participate in the world’s biggest consumer technology trade show CES. The company will ret...

Kakao taps venture capital unit head as new CEO to lead reform

Kakao taps venture capital unit head as new CEO to lead reform

Kakao Corp., South Korea’s top mobile platform under fire for its extremely aggressive business expansion, tapped its venture capital unit hea...

LG Elec launches new medical monitor

LG Elec launches new medical monitor

LG Electronics Inc. unveiled a new medical monitor on Wednesday. This monitor boasts high brightness suitable for both clinical and diagnostic purpo...

LS Materials’ share price quadruples on Kosdaq debut

LS Materials’ share price quadruples on Kosdaq debut

The share price of LS Materials Co., a South Korean energy storage device maker, quadrupled on its Kosdaq market debut Wednesday given its rosy earn...

Cho Yang-rai to fight back in MBK Partners’ bid to acquire Hankook Tire

Cho Yang-rai to fight back in MBK Partners’ bid to acquire Hankook Tire

Cho Yang-rai, honorary chairman of Hankook & Company Co., has vowed to fight MBK Partners Ltd.’s bid to take over the holding company of S...

HYBE Chair Bang referred to prosecutors over alleged unfair trading Vietnam’s top leader to make first South Korea visit in 11 years Test case looms for Korea’s revised Commercial Act as VIP Asset challenges Lotte Rental’s rights issue to Affinity HYBE sparks summer vibes with BTS live album, TXT comeback, new boy band launch K-beauty contract manufacturers see record Q2 profits; rally likely to continue