Asiana Airlines to sell cargo business for merger with Korean Air
Asiana Airlines Inc. on Thursday decided to carve out its lucrative cargo business, clearing a major hurdle to its merger with bigger rival Korean A...
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...
Hanwha Ocean to target Southeast Asian defense market
South Korea's Hanwha Ocean Co. will participate in Defense & Security (D&S) 2023 in Bangkok, Thailand. The company said on Thursday it ...
DRAM contract prices rebound after 27 months on rising demand
DRAM contract prices rebounded for the first time in more than two years last month amid the recovery in the consumer electronics market.The price g...
S.Korea mulls plan B as Indonesia falls behind on KF-21 project payments
Indonesia, a partner of South Korea’s KF-21 fighter jet development project, has failed again to notify the Korean government of its plan to p...
Naver-invested ichrogene enters Thai market
South Korea's digital healthcare startup ichrogene, with investment from Naver D2 Startup Factory (D2SF), entered into Thai market. Naver Corp....
Korea exports snap year-long slide as chips regain momentum
South Korean exports rose in October for the first time in 13 months as semiconductors, the country’s top export item, are on course to regain...
Korea Investment raises $400 mn to expand US assets
Seoul-based brokerage firm Korea Investment & Securities Co. (KIS) has raised $400 million in new bonds to strengthen its investments in the US ...
Korea plans wider crackdown on foreigners’ short-selling
South Korea’s financial regulator plans wider investigations into illegal short-selling trades by major foreign investment banks to ease conce...
S.Korea's SKC to sell fine ceramic business for $270 mn
South Korea's SKC Ltd. announced on Tuesday it will sell the fine ceramics business of its subsidiary SK enpulse, a semiconductor materials investme...
S.Korea sees record of beverage exports in Q1~Q3
South Korea's exports of beverages from Jan. to Sept. this year exceeded $500 million to break all-time record.Export data released on Thursday by t...
SK E&S to pursue cross-border CCS with Australia’s Santos
SK E&S, the clean energy affiliate of South Korea’s No. 2 conglomerate SK Group, has signed a deal on cross-border carbon capture and st...
S.Korea to add India, Lithuania to list of nations eligible for E-9 visa
South Korea plans to allow non-professional workers from India and Lithuania to apply for the E-9 visa as the country struggles with a shrinking wor...
Lotte builds US antibody-drug conjugate plant with $82 mn
South Korea’s Lotte Biologics Co. is establishing an antibody-drug conjugate (ADC) factory in Syracuse, New York, with an investment of 110 bi...
HD Hyundai joins $14 mn offshore wind power project
HD Hyundai Electric Co., the electrical equipment and energy solution company under South Korea’s shipbuilding giant HD Hyundai Co., has joine...
Harman’s record profits prop up Samsung's Q3 earnings
Samsung Electronics Co., the world’s largest memory chip maker, on Tuesday reported a triple-digit quarterly increase in third-quarter profit ...
S.Korea to put self-developed lander on moon by 2032
South Korea plans to put its first lunar lander on the moon by 2032. In a meeting of the National R&D Project Evaluation Advisory Commit...
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...
Naver replaces Nvidia GPU with Intel CPU for its AI map app server
South Korea’s web portal giant Naver Corp. has replaced the main chip supplier of its artificial intelligence server for its map service, Nave...
Hyundai unveils world’s first commercial LTE train signaling system
Hyundai Rotem Co., a South Korean manufacturer of rolling stock, defense products and plant equipment, in a world first has commercialized a train s...
S.Korea leads world in patent applications for robot vacuum cleaners
South Korea leads the world in the number of patent applications for robot vacuum cleaners.The Korean Intellectual Property Office on Sunday said th...
Hyundai unveils Avante N1 Cup Car
Hyundai Motor Co. has unveiled the "Avante N1 Cup Car," which will be introduced in the 2024 season of the largest one-make race event in South Kore...
Samsung to sell certified refurbished Galaxy phones in Korea
Samsung Electronics Co. plans to sell certified refurbished Galaxy phones in South Korea at prices up to 50% cheaper than brand-new phones, a move e...
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...
Hanjin opens representative office in Mongolia
South Korea's Hanjin Transportation announced on Friday it has opened a representative office in Ulaanbaatar, Mongolia, to expand its logistics hu...
Innocean to invest $370 million in new growth drivers
Innocean Worldwide Inc., the global marketing communications arm of Hyundai Motor Group, will invest 500 billion won ($370 million) for four years u...
KGC hawks red ginseng at top US expo for health functional food
Jung Kwan Jang, the flagship brand of Korea Ginseng Corp. (KGC), has been featured at North America’s leading expo for raw ingredients of heal...
Neo Chair cements No. 1 spot as office chair brand on Amazon
Neo Chair, almost unheard of in its home country South Korea, is the top-selling office chair brand on Amazon, the world's largest e-commerce platfo...
Hyundai’s record Q3 profit beats Samsung; no EV output cut planned
Hyundai Motor Co. on Thursday posted its highest-ever quarterly operating profit for the July-September period, driven by robust sales of pricey car...
S.Korea’s ModaModa unveils new hair darkening shampoo
South Korean haircare brand ModaModa launched its second-generation hair darkening shampoo "ModaModa Zero Gray Black Shampoo" on Thursday. Prev...
