LG Energy accelerates EV battery swapping services

LG Energy accelerates EV battery swapping services

Kooroo, the first in-house venture of the world’s second-largest electric vehicle battery maker LG Energy Solution Ltd., said on Tuesday it is...

S.Korea’s GNI per capita rebounds in 2023 as won stabilizes

S.Korea’s GNI per capita rebounds in 2023 as won stabilizes

South Korea’s gross national income (GNI) per capita rebounded last year as the won currency stabilized amid signs of a recovery in exports fr...

Hyundai IONIQ 5 gets first nip and tuck, adds new model

Hyundai IONIQ 5 gets first nip and tuck, adds new model

The IONIQ 5, Hyundai Motor Co.'s first pure electric vehicle built on its EV-dedicated platform, is poised to greet drivers this month with its reto...

LG Display to raise $971 mn in rights offering for OLED business

LG Display to raise $971 mn in rights offering for OLED business

LG Display Co., the world’s leading manufacturer of organic light-emitting diode (OLED) panels, said on Monday it will raise 1.29 trillion won...

Kumho Tire forges tech licensing agreement with Saudi's Blatco

Kumho Tire forges tech licensing agreement with Saudi's Blatco

Kumho Tire Co. announced on Monday that it signed a technology export contract with Saudi Arabia's Black Arrow Tire Co. (Blatco).Under the deal, Kum...

Korean EV battery makers to unveil tech for industry recharge

Korean EV battery makers to unveil tech for industry recharge

South Korea’s three major electric vehicle battery makers are gearing up to invigorate the global green car market with new technologies they ...

S.Koreans watch YouTube over 40 hours a month

S.Koreans watch YouTube over 40 hours a month

South Koreans spend more than 40 hours per month on YouTube, according to the study on Monday.Wiseapp·Retail·Goods, the domestic appli...

Hyundai’s IONIQ 6: Most efficient electric vehicle in US

Hyundai’s IONIQ 6: Most efficient electric vehicle in US

Hyundai Motor Co.'s electric sedan IONIQ 6 has been named the most energy-efficient vehicle in the US, further driving the South Korean automaker&rs...

No end in sight to Audi’s downfall in South Korea

No end in sight to Audi’s downfall in South Korea

Audi AG, once considered one of the top three German premium auto brands in South Korea, seems to have lost its charm among Korean consumers. Its sh...

IMM PE sells $135 mn Woori Financial shares in block deal

IMM PE sells $135 mn Woori Financial shares in block deal

IMM Private Equity has sold 180.5 billion won ($135 million) worth of shares in South Korea’s Woori Financial Group in a block deal, reaping 4...

POSCO Future M to import natural graphite from Africa

POSCO Future M to import natural graphite from Africa

South Korea’s only anode materials producer POSCO Future M Co. will import a maximum 60,000 tons of natural graphite products from Balama Grap...

Samsung, LG Electronics sweep honors at iF Design Awards 2024

Samsung, LG Electronics sweep honors at iF Design Awards 2024

Samsung Electronics Co. and LG Electronics Inc. have taken home the most trophies among nominees at iF Design Awards 2024, setting a benchmark in de...

Kakao Ventures invests in AI optimization startup Omelet

Kakao Ventures invests in AI optimization startup Omelet

Kakao Ventures Corp. has made an undisclosed amount of seed investment into Omelet, a South Korean early stage startup developing industrial operati...

Korean banking groups see record-high loan losses in 2023

Korean banking groups see record-high loan losses in 2023

South Korea’s top four financial services groups – KB, Shinhan, Hana and Woori -- booked 1.97 trillion won ($1.5 billion) of loans as lo...

Samsung holds DRAM supremacy with its market share at 7-year high

Samsung holds DRAM supremacy with its market share at 7-year high

Samsung Electronics Co., the world’s largest memory chipmaker, saw its supremacy in the DRAM segment strengthen last year with its market shar...

SK Telecom sees rise of personal AI assistants as game changer

SK Telecom sees rise of personal AI assistants as game changer

BARCELONA – SK Telecom Co., South Korea’s top mobile carrier, sees the emergence of personal artificial intelligence assistants as a gam...

S.Korean boiler firms expand exports

S.Korean boiler firms expand exports

Despite a global economic slowdown, South Korea's overseas exports of boilers and water heaters increased 4.9% year over year by $478.3 million in 2...

BTS agency HYBE logs record sales backed by albums, concerts

BTS agency HYBE logs record sales backed by albums, concerts

HYBE Co., the agency behind K-pop sensation BTS, last year logged the highest-ever annual revenue for a South Korean entertainment company, backed b...

S.Korea’s HD KSOE bags $1.1 bn order to build LNG carriers

S.Korea’s HD KSOE bags $1.1 bn order to build LNG carriers

South Korea’s top shipbuilder HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) said on Monday it has secured a $1.08 billion con...

Kia Niro surpasses 1 million global sales

Kia Niro surpasses 1 million global sales

Kia Corp.'s Niro, a compact crossover SUV hybrid and electric vehicle (EV) model, has surpassed the 1 million global sales milestone since its first...

EV battery makers' silicon anode demand set for take-off

EV battery makers' silicon anode demand set for take-off

The global market of silicon anode, a lithium-ion battery component garnering attention due to its higher energy capacity and faster charging than g...

AIMMO’s global push gains speed with US foray

AIMMO’s global push gains speed with US foray

South Korean AI-powered data solution-providing startup AIMMO Inc. is expediting its global push with an aggressive advance into the US market, wher...

Hyundai to reignite Brazil’s mobility push with $1.1 billion investment

Hyundai to reignite Brazil’s mobility push with $1.1 billion investment

South Korea’s top automaker Hyundai Motor Co. said on Friday it will invest $1.1 billion in Brazil to reinvigorate the South American country&...

Tobacco maker KT&G names its COO as final CEO candidate

Tobacco maker KT&G names its COO as final CEO candidate

South Korea’s KT&G Corp., the world’s leading tobacco maker, appointed its Chief Operating Officer Bang Kyung-man as the final candi...

HD Hyundai Marine bags order to upgrade Chevron LNG tankers

HD Hyundai Marine bags order to upgrade Chevron LNG tankers

HD Hyundai Marine Solution Co., a ship maintenance, retrofitting and digital solution provider under HD Hyundai Co., has won an order from Chevron C...

Hyundai, Kia aim to raise Indian sales after record output

Hyundai, Kia aim to raise Indian sales after record output

Hyundai Motor Co. and Kia Corp., South Korea’s two largest automakers, aim to raise sales by 4.2% in India this year after logging record vehi...

Hyundai Motor launches EVery care for electric cars

Hyundai Motor launches EVery care for electric cars

Hyundai Motor Co. announced on Thursday that it launched EVery Care, an integrated program that will take care of customers' electric vehicle (EV) l...

LG Energy expedites LFP battery supply chain expansion

LG Energy expedites LFP battery supply chain expansion

LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, has secured enough lithium iron phosphate (LFP) cathode ma...

Hyundai Engineering wins Asia Design Prize 2024

Hyundai Engineering wins Asia Design Prize 2024

South Korea's Hyundai Engineering Co. announced on Wednesday that it won the Asia Design Prize 2024, an international design competition in Asia...

Samsung Bioepis to supply Hadlima to US government

Samsung Bioepis to supply Hadlima to US government

South Korea’s Samsung Bioepis and the US-based Organon, the local partner company of Samsung group's biopharmaceutical research and developmen...

LS Electric poised to join Nvidia's supply chain via Vertiv deal Is chip winter over? Doomsayers gone as Korea’s DRAM exports surge S.Korea to have 1st civilian defense minister in decades, tap career technocrats Fubon Bank expands Korea presence into banking Hana Asset launches ultra-low-fee Nasdaq 100 ETF