POSCO’s Pohang steel mill fully recovers from typhoon damage

POSCO Holdings Inc., the holding company of South Korea’s largest steelmaker, said on Thursday all its steelmaking facilities hit by Typhoon H...

Bank of Korea gives bearish outlook after rate hike

South Korea’s central bank on Friday raised interest rates by a quarter point to 3.5%, while signaling a further cut in its economic growth fo...

Samsung SDS calls attacks on cloud biggest threat to cyber security

Cloud protection is the top cyber security concern for companies this year, a study says.Samsung SDS Co. on Thursday said this in its report "Top Fi...

S.Korea’s battery material exports double to $10 bn

South Korea’s battery material exports more than doubled to exceed overseas sales of electric vehicle cells last year, helping the country&rsq...

Hyundai’s Chung Euisun named MotorTrend’s Person of the Year

Chung Euisun, chairman of South Korea’s Hyundai Motor Group, has been named Person of the Year by MotorTrend, topping the prestigious US autom...

LG OLED evo selected as best product in Japan

LG Electronics Inc.'s OLED evo was selected as the best product by Japan's most well-known audio and video publications.The South Korean company sai...

Lotte showcases metaverse shopping pavilion at CES 2023

Sitting on a chair, people with head-mounted displays enter a virtual world where they can choose their preferred avatars.Through these avatars, the...

Global VCs urge S.Korea to train lawyers on int'l contracts

Brad McManus, investment director of the Silicon Valley-based venture capital (VC) fund Applied Ventures LLC, said his company will discuss investme...

Stay disciplined, be more aggressive in 2023: PGIM Real Estate CEO

Investors often lose deals as they are too cautious or wait too long for values to go up to the exact point they expect. However, being too precise ...

Korean government to finance $625 million for K-content in 2023

South Korean President Yoon Suk-yeol emphasized on Thursday the importance of K-content, saying content will become the most important industry to s...

Samsung’s Q4 profit tumbles; cuts 2023 chip profit forecast by half

Samsung Electronics Co., the world’s largest memory chip and smartphone maker, posted its worst quarterly operating profit in eight years on F...

With SmartThings Station, Samsung wants a more connected world

LAS VEGAS, NV – Imagine there’s a single easiest way to manage a myriad of devices simultaneously.Imagine all the people, connected live...

Golfzon to showcase portable golf simulator at CES 2023

Golfzon Co., a global indoor golf equipment maker, will participate in CES 2023 in Las Vegas to showcase its "Wave Play" product line, which targets...

Shipbuilding expected to lead manufacturing sectors in export growth

South Korea's shipbuilding exports this year are expected to jump 76.1% from last year to $32.4 billion to lead all major manufacturing industries i...

Korean startups win 4 out of 23 Best of Innovations at CES 2023

LAS VEGAS – South Korean startups have won four out of the 23 Best of Innovation awards from Consumer Technology Association (CTA), which host...

Samsung unveils AI-powered, better-connected TVs

Samsung Electronics Co. on Tuesday unveiled its 2023 lineup of smart TVs connected to several Internet of Things (IoT) devices, without using separa...

Hyundai, Kia aim to outpace industry growth in 2023

The Hyundai Motor Group is aiming to boost sales by 10% this year from 2022, above an estimated single-digit growth in the global automotive market....

7-Eleven shows off first realistic metaverse store at CES 2023

Convenience store franchiser 7-Eleven said on Tuesday that it would display a new concept metaverse store for the first time in the industry toget...

Korean firms head to CES 2023 to showcase innovative technologies

LAS VEGAS, NV – A growing number of South Korea’s leading companies and startups are heading to CES 2023, the world’s largest tech...

LG to unveil sleep care solution Breeze at CES 2023

LG Electronics Inc. said on Monday that it will unveil a smart sleep care solution “Breeze” at CES 2023 on Jan. 5.Breeze is a wireless e...

Samsung Elec seen as 2023 top outperformer in Korea

Samsung Electronics Co. topped the list of stocks expected to outperform the South Korean stock market in 2023 on the prospect of a rebound in the m...

Hyundai Motor to boost EV leasing in US for tax credits from 2023

South Korean electric vehicles for lease are forecast to receive US tax credits under the Inflation Reduction Act (IRA) as new guidelines of the law...

Samsung to unveil C-Lab startups, projects at CES 2023

Samsung Electronics Co. will showcase four projects and eight startups developed through its venture program C-Lab at CES 2023, the world's largest ...

KT taps current CEO Ku as sole candidate for next chief

South Korea’s telecom giant KT Corp. has named current chief executive Ku Hyeon-mo the sole candidate for its next CEO during a board meeting ...

HL Mando to show off car electrification system at CES 2023

HL Mando ( Mando Corp. ) and self-driving technology company HL Klemove said Wednesday that they would participate in CES 2023, the world's largest ...

Korea auto output to increase slightly in 2023: research

Domestic automobile output next year is forecast to increase 1.4% over this year to 3.7 million units.The Korea Automobile Manufacturers Association...

S. Korea foresees recession in falling freight prices, wages

Global ocean freight prices are falling amid a darkening outlook for South Korea, as Asia’s fourth-largest economy heavily depends on overseas...

Samsung, LG to showcase high-end home appliances at CES 2023

South Korea's Samsung Electronics Co. and LG Electronics Inc. are set to showcase their high-end home appliances at the CES 2023, the world's larges...

SKC to showcase innovative chip, battery materials at CES 2023

SKC Ltd., a South Korean chemical materials maker, will showcase innovative materials for rechargeable batteries and semiconductors at CES 2023, the...

Dating My Best Friend’s Sister becomes webtoon in Korea

Dating My Best Friend’s Sister, a famous romance fiction by USA Today Bestselling author Violet Paige serialized on Radish, the web novel plat...