South Korea’s Hankook Tire looks to direct tire sales in Taiwan

Hankook Tire & Technology Co., South Korea’s top tire manufacturer, is launching a local corporation in Taiwan to directly sell tires in t...

Samsung Electronics to up AI chip foundry sales to 50% by 2028

Samsung Electronics Co. plans to up artificial intelligence chip foundry sales to about 50% of its total foundry sales in five years with its advanc...

South Korea lags behind US, China in AI talent pool

South Korea lags far behind advanced countries in nurturing artificial intelligence (AI) talent due to the lack of proper skills development program...

Korean PE VIG Partners soaks up shampoo brand Kundal’s growth

South Korean private equity firm VIG Partners is enjoying rapid growth of The Skinfactory Co., the maker of local shampoo and body wash brand Kundal...

Hyundai Motor Group eyes record-breaking sales in UK

Hyundai Motor Group expects to achieve record-high sales performance in the UK this year. This is even more significant because the UK is well well-...

LG Elec separates new biz divisions into in-house entities

LG Electronics Inc., the leading global home appliance maker, has actively separated new business organizations into independent in-house entities, ...

Samyang draws record-high sales on Singles' Day in China

South Korea's Samyang Foods Co. announced on Thursday its sales during China's largest shopping festival, Singles' Day (Nov. 11), reached a new re...

SK Biopharm gears up to boost epilepsy drug sales in Europe

SK Biopharmaceuticals Co. is gearing up to explore the European market for its flagship epilepsy drug Cenobamate, while looking for new mergers and ...

Diageo to open Asia’s first pop-up store in Seoul

London-based global alcoholic beverage company Diageo announced on Wednesday it will open a pop-up store in Garosu-gil,  Sinsa-dong, Gangnam, S...

Samsung bags $1 bn via ASML share sale for chip production

Samsung Electronics Co., the world’s largest memory chipmaker, has divested a 0.3% stake in Dutch chip equipment manufacturer ASML Holdings N....

Samsung, SK pin hopes on HBM sales with Nvidia's new AI chip

South Korean memory chipmakers like Samsung Electronics Co. and SK Hynix Inc. have high hopes for fast growth in their high-bandwidth memory (HBM) s...

Mirae seeks sale of HK Goldin assets to recoup investment

Mirae Asset Securities Co., South Korea’s largest brokerage house, plans a public tender of assets held by debt-laden Goldin Financial Holding...

SK Biopharma’s Cenobamate US patent extended by 2032

South Korea's SK Biopharmaceuticals announced on Friday an extension of its US patent for the epilepsy treatment Cenobamate, now set to expire on Oc...

Automotive supplier Hanon Systems delivers Q3 earnings shock

South Korea's Hanon Systems Corp., a world-leading heat pump systems maker for automobiles, on Thursday reported worse-than-expected results in the ...

Barings taps John Park as S.Korean asset management head

Barings LLC has appointed Chong Hak (John) Park as head and sole representative director of its South Korean asset management arm, effective Jan. 1,...

POSCO Int’l to invest $519 mn in EV parts output expansion

POSCO International Corp., the energy and trading unit of South Korea’s steel giant POSCO Holdings Inc., plans to spend 680 billion won ($519....

Shinsegae, Galleria woo Louis Vuitton, Rolex for new growth

Louis Vuitton and Rolex brands are status symbols for customers and so they are for department stores in South Korea.Shinsegae Inc. and Hanwha Galle...

SK Telecom’s Q3 profit up on brisk data center, cloud sales

SK Telecom Co.'s third-quarter operating profit increased 7% on-year, becoming the only South Korean mobile carrier posting an on-year gain in profi...

Imported cars set to snap 3-year growth streak in S.Korea

Imported passenger cars are expected to see their first retreat in four years in South Korea on the growing popularity of domestic luxury models suc...

Costco Korea on verge of falling into low-growth trap

South Korea, one of the most lucrative markets for Costco Wholesale Corp., appears to be losing its appeal in the face of China’s rapid ascent...

Celltrion enjoys record earnings on healthy biosimilar biz

South Korean pharmaceutical giant Celltrion Inc. logged record quarterly earnings on the strong performance of its key biosimilar products while exp...

Won strengthens past 1,300 mark vs dollar on short-sale ban

The South Korean won continued its bull run on Monday, strengthening past the psychologically important barrier of 1,300 level against the dollar fo...

Asiana’s cargo unit sale faces tough hurdles before KAL merger

The proposed merger of Korean Air Lines Co. (KAL) and Asiana Airlines Inc. has moved one step closer to completion with Asiana’s backing of it...

Goldman Sachs promotes YK Yoon in Seoul to MD

The Goldman Sachs Group Inc. named YK Yoon, head of fixed-income, currency and commodities (FICC) of the Seoul office, as a new managing director (M...

Naver posts record Q3 sales, profit on e-commerce

South Korea’s web portal giant Naver Corp. on Friday posted record sales and operating profit in the third quarter, driven by robust sales gro...

Louis Vuitton to launch fourth pop-up restaurant in Seoul

The French luxury brand Louis Vuitton will open a pop-up restaurant in South Korea. This is the fourth one since May this year.According to company ...

Hyundai Motor, Kia's US electric vehicle sales at record-high in October

South Korea's Hyundai Motor Group set a historic sales record in the US electric vehicle market, posting its best-ever performance in October. The a...

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...

STX starts exploration drilling at Indonesian nickel mine

South Korea’s general trading company STX Corp. has started works to probe the contents of known ore deposits at an Indonesian nickel mine it ...

CJ CheilJedang’s frozen rice sales surpass $74 mn in US

South Korean food company CJ CheilJedang Corp. announced on Monday the cumulative sales of its frozen rice products produced and sold in the United ...