LG to invest $762 mn in webOS to transform into platform-based tech giant

LG to invest $762 mn in webOS to transform into platform-based tech giant

LG Electronics Inc., the leading global home appliance maker, plans to invest more than 1 trillion won ($762 million) in its multitasking operating ...

Seoul rejects Elliott’s $20 mn claim against Samsung C&T

Seoul rejects Elliott’s $20 mn claim against Samsung C&T

Elliott Investment Management Corp. has lost a case against Samsung C&T Corp. in seeking 26.7 billion won ($20.2 million) compensation in connec...

Shinsegae International launches Harley-Davidson Collections

Shinsegae International launches Harley-Davidson Collections

South Korea's Shinsegae International Co. launched a brand called Harley-Davidson Collections on Friday, blending Harley-Davidson’s motorcycle...

LG Display ends large LCD business with plant sale to CSOT

LG Display ends large LCD business with plant sale to CSOT

South Korea’s leading display maker LG Display Co. is gearing up its transition into a leading organic light-emitting diode (OLED) panel maker...

Seoul Semiconductor wins no-wire LED patent case in Europe

Seoul Semiconductor wins no-wire LED patent case in Europe

South Korea’s Seoul Semiconductor Co. said on Wednesday it won a patent dispute against Taiwan's Everlight Electronics Co. after the European ...

CJ CheilJedang to provide dumplings for Qantas Airways’ in-flight meals

CJ CheilJedang to provide dumplings for Qantas Airways’ in-flight meals

CJ CheilJedang Corp. expands its K-food territory with Australia's largest airline.CJ CheilJedang announced on Tuesday that it will introduce Bibigo...

Daishin Securities lowers its price target for Nongshim

Daishin Securities lowers its price target for Nongshim

Daishin Securities Co. cut its price target on Nongshim Co.'s stock to 530,000 won ($397) from 550,000 won ($412) on Tuesday, saying the company's o...

KakaoTalk to adopt full-screen ads as sales, profit growth stunted

KakaoTalk to adopt full-screen ads as sales, profit growth stunted

Kakao Corp., the operator of South Korea’s dominant messenger and chat app KakaoTalk, is set to introduce full-screen advertisements on the ch...

Koramco puts Hyundai Motor Securities building on market

Koramco puts Hyundai Motor Securities building on market

Koramco Asset Management Co. has put the Hyundai Motor Securities building in Seoul's Yeouido business district (YBD) on the market. The deal is exp...

Hyundai Motor cuts 2030 sales goals as EV chasm likely protracted

Hyundai Motor cuts 2030 sales goals as EV chasm likely protracted

South Korean top automaker Hyundai Motor Co. has slashed its long-term vehicle sales targets by 6% as it prepares for aggressive marketing by Chines...

Woori Financial launches $75 mn PF restructuring support fund

Woori Financial launches $75 mn PF restructuring support fund

South Korea's Woori Financial Group has launched a 100 billion won ($74.96 million) project financing (PF) restructuring support fund.This marks the...

LX Pantos founder’s son sells shares to LX International for $37 mn

LX Pantos founder’s son sells shares to LX International for $37 mn

The only son of LX Pantos Co.’s late founder has unloaded his additional shares in the company to South Korean logistics-to-trading conglomera...

SK E&S mulls sale of real estate to boost clean energy biz

SK E&S mulls sale of real estate to boost clean energy biz

SK E&S Co., the natural gas business unit of South Korea’s SK Group, is considering selling its real estate asset in Seoul, which is expec...

BMW, GS, LG open EV charging hub lounge in Seoul

BMW, GS, LG open EV charging hub lounge in Seoul

BMW Group Korea said on Thursday it opened the electric vehicle (EV) Charging Hub Lounge with GS Group and LG Group in Hoehyeon-dong, Seoul.The Char...

Nation With Lowest Birthrate Is Rocked by Soaring Sales of Dog Strollers

Nation With Lowest Birthrate Is Rocked by Soaring Sales of Dog Strollers

SEOUL—After pushing a stroller to a park near her home in a Seoul suburb, Kang Seung-min plopped down on a bench. Then an elderly woman ap...

Kia ranks first in customer satisfaction in India

Kia ranks first in customer satisfaction in India

Kia Corp. said on Tuesday that it ranked first in the mass-market brand category in the customer experience index survey recently released by India'...

Celltrion chairman announces venture into CDMO market

Celltrion chairman announces venture into CDMO market

South Korea’s biosimilar maker Celltrion Inc. will venture into the contract development and manufacturing organization (CDMO) market, the com...

SK Ecoplant sells off stake in Ascend Elements for $98 million

SK Ecoplant sells off stake in Ascend Elements for $98 million

SK Ecoplant Co., a South Korean construction engineering and waste management company under SK Group, has unloaded all its holdings in US-based lith...

Hyundai's Casper, Tesla boost Korea’s online car sales

Hyundai's Casper, Tesla boost Korea’s online car sales

South Korea’s online car sales are expected to exceed 5 trillion won ($3.7 billion) and hit a record high this year, driven by rising internet...

Nexen Tire N'FERA Supreme surpasses 1 mn sales

Nexen Tire N'FERA Supreme surpasses 1 mn sales

South Korea’s Nexen Tire Corp. said on Sunday its premium high-performance all-season tire N’FERA Supreme has exceeded 1 million cumulat...

Lotte to foster Pepero as global brand by 2035: Chairman Shin

Lotte to foster Pepero as global brand by 2035: Chairman Shin

Lotte Group has selected Pepero — a thin chocolate-covered stick cookie — as the first brand that it will foster into one of the world&r...

LG’s telecom unit looks to lure foreigners with more K-pop-themed shops

LG’s telecom unit looks to lure foreigners with more K-pop-themed shops

LG Uplus Corp., South Korea’s No. 3 mobile carrier, is set to lure foreign customers by opening K-pop-themed stores in the country's major sho...

Daishin Securities shelves main office building sale to NH-Amundi

Daishin Securities shelves main office building sale to NH-Amundi

Daishin Securities Co. has called off a plan to sell its headquarters building in a central business district of Seoul to NH-Amundi Asset Management...

Hyundai Department to triple healthcare sales by 2030 with Nestle

Hyundai Department to triple healthcare sales by 2030 with Nestle

Hyundai Department Store Group, a South Korean conglomerate controlling retail, fashion, healthcare and lifestyle businesses, aims to triple its hea...

LG Display unveils stretchable display clothing

LG Display unveils stretchable display clothing

South Korea's LG Display Co. on Thursday showcased the futuristic clothing and bag concepts featuring stretchable displays at the 2025 S/S Seoul Fas...

Seoul breaks ground on Mt. Namsan gondola facility

Seoul breaks ground on Mt. Namsan gondola facility

The Seoul Metropolitan Government on Thursday held a groundbreaking ceremony for gondola facilities that will shuttle passengers from the base of Mt...

Hyundai, Kia post record August US sales, driven by hybrids, EVs

Hyundai, Kia post record August US sales, driven by hybrids, EVs

South Korea’s Hyundai Motor Co. and its sister firm Kia Corp. saw their US vehicle sales in August rise to all-time highs, driven by eco-frien...

Mercedes-Benz EV sales tumble in South Korea after fire

Mercedes-Benz EV sales tumble in South Korea after fire

German luxury carmaker Mercedes-Benz AG suffered a nosedive in EV sales in South Korea in August after a fire broke out in one of its electric vehic...

CJ Olive Young, Musinsa rivalry heats up in Brooklyn of Seoul

CJ Olive Young, Musinsa rivalry heats up in Brooklyn of Seoul

South Korea’s top beauty chain CJ Olive Young Corp. is turning up the heat against Musinsa to contain the rise of the country’s No. 1 on...

S.Korean travel retailers face downturn without Chinese big spenders

S.Korean travel retailers face downturn without Chinese big spenders

Before COVID-19 swept the world, South Korea’s top two travel retailers Lotte Duty Free and Shilla Duty Free Shop ascended to the world’...

S.Korea’s leading ERP player Douzone Bizon up for sale; EQT Partners in talks MSCI maintains S.Korea’s emerging-market status; level playing field required GEPS taps former KB Asset chief risk officer as new CIO Affinity Equity nets $220 mn from block sale of Shinhan Financial F&F’s bid for TaylorMade complicates Centroid's exit