Korea's hotel deals hit record-high $1.4 bn in 2021: JLL
Hotel deals in South Korea hit a record high of 1.7 trillion won ($1.4 billion) in 2021, up 80% from the previous year, said global real estate serv...
LG Energy considers billion-dollar battery plant in Arizona
South Korea’s LG Energy Solution Ltd. may build a billion-dollar battery plant in the US state of Arizona to meet growing demand in North Amer...
OLED materials makers set to shine as Samsung, Sony unveil new TVs
South Korea’s major OLED materials makers are becoming the market darlings with decent gains in their share prices, as global TV manufacturers...
LG Display reclaims global top spot in Q4 2021
South Korea’s LG Display Co. regained the top spot in the global display market for TVs in the fourth quarter of 2021, according to tech indus...
LG Elec. targets North American digital healthcare market
South Korea’s LG Electronics Inc. has made inroads into the North American digital healthcare market with US telehealth company Amwell as the ...
ETFs entice Korean investors amid volatile market
South Korean retail investors bought more exchange-traded funds (ETFs) than stocks on the country’s main Kospi in the last six months as the b...
Korea rises as test bed for global luxury brands
South Korea is becoming a test bed for global high-end brands such as Balenciaga, Valentino, IWC and Breitling. The world's top luxury brands, pre...
Lotte seeks first-mover advantage in senior market
South Korea's Lotte Group will build a luxury residential town for retirees in Seoul by 2025 to plunge into the senior housing market.Lotte Hotels a...
Hyundai, Lotte to join used car market, seen as boost for small players
South Korea’s top automaker Hyundai Motor Co. and the country’s No. 1 car rental firm Lotte Rental Co. are advancing into the domestic u...
Nongshim aims for top instant noodle spot in the US
Nongshim Co., South Korea’s leading instant noodle maker is aiming for the top noodle spot in the US. The Korean food company will begin ope...
Samsung controls 90% of foldable smartphone market
Samsung Electronics Co. is enjoying a dominant position in the foldable smartphone market, alongside the segment's explosive growth aided by afforda...
Hyundai to make IONIQ 5 in Indonesia, EV hub for ASEAN market
Hyundai Motor Co. has started mass producing its iconic all-electric crossover IONIQ 5 at its newly built plant in Indonesia, a country that the top...
Korea’s fashion OEM firms eye record sales
South Korea’s clothing original equipment manufacturers (OEM) are set to see a supercycle or a sustained period of expansion driven by robust ...
Hyundai eyes LNG ship-to-floating storage unit conversion market
The ongoing war in Ukraine and tougher emission standards are creating a new market for shipbuilders: converting aged liquefied natural gas (LNG) ca...
China rules EV market with fleet sales; Hyundai targets retail
Chinese electric vehicle makers are expanding their shares in key markets such as the US and Europe through fleet sales, while South Korea’s H...
Hyundai’s auto exports to Russia cut by half in February, hit by war
Hyundai Motor Co.'s car exports to Russia have dwindled by nearly half in the latest indication that global automakers are feeling the pinch due to ...
Offices in Gangnam attract global investors amid market volatility
South Korean and overseas institutional investors are eyeing offices in Gangnam District, Seoul, amid concerns over inflation and market volatilit...
Lotte invests in Canada's edible insect food company
South Korea's Lotte Confectionery Co. has invested around 10 billion won ($8 million) in Canada’s edible insect protein producer Aspire Food G...
Pearl Abyss releases mobile game Black Desert in China in April
South Korean game developer and publisher Pearl Abyss set a China release date of April 27 for its cross-platform MMORPG Black Desert on the App Sto...
Korean won extends losses as oil hits 14-year high
South Korea’s won currency skidded to a fresh low in nearly two years as oil prices spiked to a 14-year peak with fears of a prolonged war bet...
Korean SPAC Valuence Merger debuts on Nasdaq, targets bio M&As
Valuence Merger Corp. 1, a special purpose acquisition company (SPAC), led by South Korean fund managers, has debuted on the Nasdaq, targeting Asian...
Hyosung to expand carbon fiber production for hydrogen tanks
South Korea’s Hyosung Advanced Materials Corp. is expanding its carbon fiber production by adding a third line to meet the growing demand for ...
Hyundai accelerates electrification strategy, targets 7% of EV market
South Korea’s top automaker Hyundai Motor Group on Wednesday set out its vision to become a top-tier eco-friendly auto brand by accelerating i...
Korean bio ventures struggle with fundraising
Biopharmaceutical companies of South Korea are having a tough time fundraising of late. Bio ventures without specific public offering plans are pa...
LG Elec signs 5G vehicle connectivity deal in Europe
LG Electronics Inc. has signed a deal on 5G vehicle connectivity with a European premium carmaker as the South Korean company is expanding its marke...
Hyundai Glovis aims to top global car transport market
Hyundai Glovis Co., the world’s second-largest car shipping company, aims to top the industry with an expansion of its fleet, specializing in ...
S.Korea to support firms to offset damage of Ukraine crisis
South Korea is set to provide financial support of up to $1.7 billion to exporters in a move to minimize the impact of the escalating crisis in Ukra...
LG Energy faces reality check as its stock turns a market laggard
South Korean battery maker LG Energy Solution Ltd. was touted as a market darling even before its Kospi debut last month, reflecting the investor fr...
Skincare giant Cosmax adds pet care line
South Korea’s beauty products manufacturer Cosmax Inc. has entered the rapidly growing pet products market.The company specializes in receiv...
China’s Geely challenges Hyundai with entry to Korea’s e-truck market
China’s largest privately owned carmaker Zhejiang Geely Holding Group Co. is entering South Korea’s electric truck market to compete wit...
