LG Energy Q1 profit beats forecast on strong demand, price hikes

LG Energy Q1 profit beats forecast on strong demand, price hikes

LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, reported a lower-than-expected decline in quarterly profit...

Kurly’s mounting losses spark controversy over planned IPO

Kurly’s mounting losses spark controversy over planned IPO

South Korea’s Kurly Inc. nearly doubled its on-year losses on higher costs last year -- raising market controversy over its listing -- as the ...

Mirae Asset Global REIT to raise $371 mn for US warehouses

Mirae Asset Global REIT to raise $371 mn for US warehouses

Mirae Asset Global Real Estate Investment Trust Co., a South Korean listed REIT under Mirae Asset Global Investments Co., is set to raise around 450...

Korea’s top adult webtoon platform targets global market

Korea’s top adult webtoon platform targets global market

Topco, South Korea’s top adult webtoon platform operator, is targeting the global digital comic market with the goal to expand its business in...

Korea’s battery trio cornered by Chinese rivals’ overseas advance

Korea’s battery trio cornered by Chinese rivals’ overseas advance

China’s leading battery makers are actively advancing into overseas markets with plans to build manufacturing factories close to their clients...

Hyundai, Kia outperform competitors in US in Q1

Hyundai, Kia outperform competitors in US in Q1

Hyundai Motor Co. and Kia Corp., automaking units of Hyundai Motor Group, logged a smaller decline in US car sales than their global competitors in ...

KT, NHN launch cloud subsidiaries

KT, NHN launch cloud subsidiaries

South Korea’s second-largest wireless carrier KT Corp. launched a cloud computing subsidiary on Friday. Cloud computing is the on-demand ...

Automobile, chemical, refinery lead manufacturing sector revival 

Automobile, chemical, refinery lead manufacturing sector revival 

South Korea’s manufacturing sector saw an unexpected revival during the economic downturn caused by the COVID-19 pandemic. Last year, 23 ...

SaaS provider Clika wants to lead S. Korea's MLOps market

SaaS provider Clika wants to lead S. Korea's MLOps market

The wider adoption of artificial intelligence around the globe calls for more data in the form of high quality photos, videos, and text. With t...

SK Bioscience seeks multi-billion-dollar M&As, eyes gene therapy sector

SK Bioscience seeks multi-billion-dollar M&As, eyes gene therapy sector

SK Bioscience Co., the biopharmaceutical unit of South Korea’s SK Group, is seeking multi-billion-dollar mergers and acquisitions to expand it...

EDGC enters US procurement market with medical supplies

EDGC enters US procurement market with medical supplies

Eone Diagnomics Genome Center Co. (EDGC), a South Korean healthcare firm specializing in genetic analysis technology, is set to enter the US governm...

Samsung to work with Western Digital on next-gen storage technology 

Samsung to work with Western Digital on next-gen storage technology 

Samsung Electronics Co. and Western Digital Technologies Inc. announced Wednesday the two parties signed a memorandum of understanding (MOU) to coll...

Kia set to break ground on purpose-built vehicle plant in 2023

Kia set to break ground on purpose-built vehicle plant in 2023

Kia Corp., South Korea’s second-largest automaker, plans to break ground on the construction of its first purpose-built vehicle (PBV) plant ne...

Dell, SK team up for 5G mobile edge computing market

Dell, SK team up for 5G mobile edge computing market

South Korea's top mobile carrier SK Telecom Co. (SKT) has joined hands with Dell Technologies Inc. to launch a 5G mobile edge computing (MEC) platfo...

Hanwha Solutions wins France's solar farm project

Hanwha Solutions wins France's solar farm project

Q Cells, a renewable energy division of South Korea's Hanwha Solutions Corp., has clinched a large-scale solar energy project in France, acceleratin...

KTB rebrands with name change as Daol Financial Group

KTB rebrands with name change as Daol Financial Group

Daol Financial Group of South Korea, formerly known as KTB Financial Group, announced on March 25 the change in the company's name. Daol, a Korean w...

LG Household to lower reliance on Chinese market as shares slump

LG Household to lower reliance on Chinese market as shares slump

LG Household & Health Care Ltd. was one of the most coveted shares on the Korean bouse in the past couple of years as the company basked in the ...

Korea's major fashion firms rush to embrace content marketing

Korea's major fashion firms rush to embrace content marketing

Major South Korean fashion companies are speeding up their investment in content startups. F&F Holdings, the distributor of the US outdoor brand...

Samsung launches LTE-only Galaxy A23 to target low-end market

Samsung launches LTE-only Galaxy A23 to target low-end market

Samsung Electronics Co. on Friday launched the 4G LTE Galaxy A23 smartphone, a cheaper version of its flagship Galaxy A series models, targeting the...

SK E&S buys EverCharge to enter US EV charging market

SK E&S buys EverCharge to enter US EV charging market

South Korea’s SK E&S Co. acquired US electric vehicle charging solution provider EverCharge Inc. to start the business in the world’...

Samsung, LG, SK step up push into blockchain market

Samsung, LG, SK step up push into blockchain market

Top South Korean conglomerates such as Samsung, LG and SK are stepping up efforts to build a presence in the blockchain and crypto-asset markets, a ...

Hyundai to adopt multiple car assembly system at local plant from August

Hyundai to adopt multiple car assembly system at local plant from August

Hyundai Motor Co. is introducing a multiple vehicle assembly system at its main plant in South Korea to better respond to rising market demand for d...

Korean ad agencies vying for bigger slice of virtual space

Korean ad agencies vying for bigger slice of virtual space

South Korean advertisement agencies, led by Innocean Worldwide Inc. and Cheil Worldwide Inc., are stepping up efforts to acquire digital technology ...

Korea's hotel deals hit record-high $1.4 bn in 2021: JLL

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

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

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 Innotek shares at new highs, tracking Apple's rise

LG Innotek shares at new highs, tracking Apple's rise

Shares in LG Innotek Co., a major camera module supplier for Apple iPhones, climbed to a record high on Monday, in stark contrast to the flat wider ...

LG Display reclaims global top spot in Q4 2021

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

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

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...

Samsung Electro-Mechanics’ plan to build plant in Mexico shelved amid Trump tariffs Fictional K-pop band Saja Boys beat BTS, Blackpink to top US Spotify charts S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A