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...

KG Mobility seeks to expand into Vietnam

KG Mobility seeks to expand into Vietnam

South Korean automaker KG Mobility Corp. said on Friday it had sought to expand strategic cooperation, including entering the Vietnamese market, aft...

Hyundai Motor Group to replace heads of auto parts, steel units

Hyundai Motor Group to replace heads of auto parts, steel units

Hyundai Motor Group, the world’s third-largest automaker, is set to replace the heads of its auto parts and steel-making affiliates in an earl...

Alibaba continues eyeing S.Korean e-commerce M&A

Alibaba continues eyeing S.Korean e-commerce M&A

Chinese tech giant Alibaba Group is seeking to purchase a major online retail platform in South Korea, one of the world’s largest e-commerce m...

POSCO Int'l to build facility for modular in Ukraine

POSCO Int'l to build facility for modular in Ukraine

South Korea's POSCO International Corp. announced on Wednesday it plans to build a facility for modular in Ukraine. The company's Vice Chairman...

Hanjin to collaborates with China's AWOT in logistics

Hanjin to collaborates with China's AWOT in logistics

South Korea's Hanjin Transportation announced on Monday it pledged mutual cooperation with China's AWOT Global Corp. to enhance its logistics busine...

HD Hyundai opens Electrification Center

HD Hyundai opens Electrification Center

South Korea's HD Hyundai Group new opened on Monday HD Hyundai Electrification Center at the HD Hyundai Global R&D Center in Seongnam, Gyeonggi ...

SK-backed social impact startups see higher corporate values

SK-backed social impact startups see higher corporate values

South Korean social impact startups backed by the country’s second-largest conglomerate SK Group enjoyed higher corporate values with two of t...

Korean shipyards to beat Chinese rivals with green tankers

Korean shipyards to beat Chinese rivals with green tankers

South Korean dockyards aim to expand their presence in the global tanker market dominated by Chinese players with vessels designed to transport or s...

South Korea’s Dailybeer to enter into Singaporean market

South Korea’s Dailybeer to enter into Singaporean market

Dailybeer, South Korean craft beer and fried chicken chain, announced on Friday it signed a contract with Singapore-based Katrina Group for joint in...

POSCO to build 2nd N.EX.T Hub research institute in Seongnam city

POSCO to build 2nd N.EX.T Hub research institute in Seongnam city

POSCO Group, which owns South Korea’s largest steelmaker, plans to build a second research institute near Seoul to support the conglomerate&rs...

Shilla Duty Free partners with Line Pay to attract Asian tourists

Shilla Duty Free partners with Line Pay to attract Asian tourists

South Korea's The Shilla Duty Free announced it partnered with Line Pay Taiwan to attract South Asian tourism on Thursday. Line Pay is the top mobil...

Hyundai Motor Group units’ profits double as Chung enters 4th year

Hyundai Motor Group units’ profits double as Chung enters 4th year

South Korea’s Hyundai Motor Group saw the combined operating profit of its 11 affiliates more than double in the third quarter as Chairman Chu...

CJ Olive Young opens specialized store for foreigners in Seoul

CJ Olive Young opens specialized store for foreigners in Seoul

South Korea's health and beauty store chain CJ Olive Young announced on Wednesday it has changed its flagship store Olive Young Myeongdong Town as...

HD Hyundai Oilbank secures bio-based material supply network

HD Hyundai Oilbank secures bio-based material supply network

South Korea's HD Hyundai Oilbank announced on Tuesday it signed contracts with Indonesia's Korindo Group and Korea's LX International for the purcha...

BBQ's Chicken Camp gets popularity from foreign tourists

BBQ's Chicken Camp gets popularity from foreign tourists

Foreign tourists looking for Chicken Camp, operated by BBQ, a South Korean fried chicken brand, have been increasing noticeably. Chicken Camp is a c...

SK Group to step up renewable energy push in Vietnam

SK Group to step up renewable energy push in Vietnam

SK Group will strengthen its partnership with the Vietnamese government to boost eco-friendly business in areas ranging from carbon capture to waste...

Korea Investment, Carlyle Group sign strategic partnership

Korea Investment, Carlyle Group sign strategic partnership

Korea Investment & Securities Co. announced on Friday it has signed a strategic partnership with Carlyle Group, one of the world's leading priva...

Kia’s Q3 profit soars; groupwide design centers revamped

Kia’s Q3 profit soars; groupwide design centers revamped

Kia Corp., South Korea’s second-largest automaker, said on Friday that its third-quarter net profit rose fourfold from a year earlier thanks t...

CU to sell souvenir snack set for foreign tourists

CU to sell souvenir snack set for foreign tourists

South Korean convenience store chain CU next month will launch a souvenir snack set for foreign tourists.This will be the first product of its kind ...

HD Hyundai develops electric propulsion system for large ships

HD Hyundai develops electric propulsion system for large ships

HD Korea Shipbuilding & Offshore Engineering and HD Hyundai Heavy Industries Co. have secured Approval in Principle (AIP) from the UK's Lloyd's ...

Samsung Group introduces senior outside director system

Samsung Group introduces senior outside director system

Samsung Group has created the position of senior outside director, granted as much authority as the chair of a board of directors, for the first tim...

LG Energy Solution to start producing cheaper EV batteries

LG Energy Solution to start producing cheaper EV batteries

LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, plans to manufacture cheaper EV batteries such as lithium ...

Mirae Asset promotes Indian unit head to vice chairman

Mirae Asset promotes Indian unit head to vice chairman

Mirae Asset Financial Group, South Korea’s leading financial conglomerate, on Monday promoted Swarup Mohanty, the head of its Indian asset man...

Lotte, two SK Group units to join hands for carbon capture

Lotte, two SK Group units to join hands for carbon capture

Lotte Chemical Corp., SK Innovation Co. and SK IE Technology Co. (SK IET) have signed a memorandum of understanding (MOU) to make their joint push i...

KT ties up with Thai company for SE Asia hyperscale AI

KT ties up with Thai company for SE Asia hyperscale AI

KT Corp., South Korea’s No.2 mobile carrier, is set to foray into the large language model (LLM) sector in Southeast Asia amid the country's s...

SK Group needs agility to survive disruptions: chairman

SK Group needs agility to survive disruptions: chairman

South Korea's No. 2 conglomerate SK Group needs agile responses to rapidly changing business circumstances amid global geopolitical crises, C...

Hyundai partners with University of London for African market strategy

Hyundai partners with University of London for African market strategy

Hyundai Motor Group announced on Friday its plan to establish two research centers in conjunction with the University of London (UoL) to delve int...

Lotte Duty Free focuses energy on stores in Seoul

Lotte Duty Free focuses energy on stores in Seoul

South Korea’s Lotte Duty Free, which removed its stores from Incheon International Airport in late June, is channeling its energy toward boost...

Taeyoung to sell cash cow to shore up ailing construction arm

Taeyoung to sell cash cow to shore up ailing construction arm

South Korea’s medium-sized business group Taeyoung Group said on Wednesday it is near to selling its cash cow logistics unit to shore up its f...

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