BOK restores interest rates to pre-pandemic level

BOK restores interest rates to pre-pandemic level

South Korea’s central bank on Friday raised interest rates back to a pre-pandemic level, signaling further hikes to curb rising inflationary p...

Samsung Elec paves way for computer without CPU

Samsung Elec paves way for computer without CPU

Samsung Electronics Co., the world’s top memory chip maker, succeeded in developing in-memory computing technology that allows running a compu...

Baby Shark becomes first YouTube video to surpass 10 bn views

Baby Shark becomes first YouTube video to surpass 10 bn views

Baby Shark became the first video to reach more than 10 billion views on YouTube on Jan 13. This milestone follows the same video becoming the most-...

POSCO to revive India steel mill construction plan

POSCO to revive India steel mill construction plan

POSCO Co. plans to build a steel mill jointly with India's Adani Group in western India, the South Korean steelmaker said on Thursday, after its pre...

MBK sells 10% stake to Dyal Capital for around $1 bn

MBK sells 10% stake to Dyal Capital for around $1 bn

North Asia-focused MBK Partners has agreed to sell a roughly 13% stake to Dyal Capital Partners for about $1 billion, according to a Bloomberg repor...

2022 Mercedes EQS EV comes with LG's flexible OLED

2022 Mercedes EQS EV comes with LG's flexible OLED

The 2022 models of Mercedes-Benz AG's electric vehicle EQS will be equipped with infotainment systems co-developed with LG Electronics Inc., the Sou...

POSCO logs record profit on steel supercycle in 2021

POSCO logs record profit on steel supercycle in 2021

POSCO Co., the world’s sixth-largest steelmaker, reported record earnings in 2021, adding to the bullish outlook, as China sustained a policy ...

ABL Bio in $1.06 bn deal with Sanofi for Parkinson's disease treatment

ABL Bio in $1.06 bn deal with Sanofi for Parkinson's disease treatment

South Korea’s ABL Bio Inc. has signed a $1.06 billion contract to license out its technology for a Parkinson's disease treatment candidate t...

Hylium, KRISO, POSCO receive initial approval for liquid hydrogen storage tanks

Hylium, KRISO, POSCO receive initial approval for liquid hydrogen storage tanks

Hylium Industries Inc. announced Wednesday that it has been granted an approval in principle (AIP) by the Korean Register for two types of jointly d...

Hyundai Motor’s Alabama plant: World’s second most productive

Hyundai Motor’s Alabama plant: World’s second most productive

Hyundai Motor Co.'s US manufacturing plant in Montgomery, Alabama is the world’s second most productive assembly plant, contributing to the So...

The Princeton Review up for sale by Korean edutech firm

The Princeton Review up for sale by Korean edutech firm

South Korea's leading edutech service firm has put The Princeton Review up for sale, five years after it acquired the US college test preparation se...

SK Networks invests in AI-based US healthcare startup LVIS

SK Networks invests in AI-based US healthcare startup LVIS

South Korea’s SK Networks Co. said on Tuesday it joined a $15 million in Series B-2 funding for US healthcare startup LVIS Corp.LVIS, headquar...

Hanwha Solutions shares rebound to near 40,000 won mark 

Hanwha Solutions shares rebound to near 40,000 won mark 

Hanwha Solutions Corp. shares are rebounding after a two months-long slide. The bounce back comes on the back of expectations that its operating pro...

SK invests $350 mn in US CDMO firm

SK invests $350 mn in US CDMO firm

SK Inc., the holding company of SK Group, announced Sunday that it invested $350 million into Pennsylvania-based Center for Breakthrough Medicines (...

Samsung sued by ex-patent chief over IP infringement

Samsung sued by ex-patent chief over IP infringement

A former vice president of Samsung Electronics Co., who led the South Korean tech giant's seven-year patent fight with Apple Inc., has sued his ex-e...

Hyundai to sell half of cars in US with eco-friendly models by 2030

Hyundai to sell half of cars in US with eco-friendly models by 2030

Hyundai Motor Co., South Korea’s top automaker, aims to sell half of the cars in the US with eco-friendly models by 2030, increasing sales of ...

POSCO breaks ground on China automotive steel plant with HBIS

POSCO breaks ground on China automotive steel plant with HBIS

China’s HBIS Group Co., the world’s third-largest steelmaker, and South Korea’s POSCO Co., the No. 6 player, broke ground on an au...

Hyundai Motor to set up metaverse factory with Unity

Hyundai Motor to set up metaverse factory with Unity

Hyundai Motor Co., South Korea’s top automaker, is set to establish a digital virtual factory in a metaverse space with Unity, a US-based real...

Carlyle buys $510 mn stake in Hyundai Glovis

Carlyle buys $510 mn stake in Hyundai Glovis

US private equity juggernaut The Carlyle Group Inc. has bought a 10% stake in Hyundai Glovis Co., worth approximately 611 billion won ($510 million)...

Samsung Electronics to open its eco-friendly tech to competitors

Samsung Electronics to open its eco-friendly tech to competitors

LAS VEGAS – Samsung Electronics Co. has announced that it will make its eco-friendly technologies openly available to its competitors as part ...

Hyundai Motor beats Honda in US for the first time in its 35 years there

Hyundai Motor beats Honda in US for the first time in its 35 years there

South Korea’s top automaker Hyundai Motor Group beat Japanese rival Honda Motor Co. in the US last year, for the first time in its 35 years of...

Hyundai Heavy partners with Palantir for big data platform

Hyundai Heavy partners with Palantir for big data platform

South Korea’s Hyundai Heavy Industries Group joined forces with US data analytics firm Palantir Technologies Inc. to set up a big data platfor...

Korea’s CHA Biotech to triple US CDMO capacity

Korea’s CHA Biotech to triple US CDMO capacity

CHA Biotech, South Korea’s stem cell therapeutics developer, is set to expand its biomaterials contract development and manufacturing organiza...

KSOE bags $1.4 billion ship orders in first 2022 deals

KSOE bags $1.4 billion ship orders in first 2022 deals

Korea Shipbuilding & Offshore Engineering Co. (KSOE), Hyundai Heavy Industries Group’s intermediate holding company, has kicked off 2022 w...

Korea 2021 steel output set to top 70 mn tons on supercycle

Korea 2021 steel output set to top 70 mn tons on supercycle

South Korea’s steel output last year was estimated to have topped 70 million tons as the industry enjoyed a steel supercycle for the first tim...

Hyundai Motor unveils world’s first hydrogen garbage truck

Hyundai Motor unveils world’s first hydrogen garbage truck

Hyundai Motor Group revealed a clip of the world’s first hydrogen-powered garbage truck Thursday. The video titled “Dear My Hero” ...

SK Hynix to list Intel’s NAND unit on Nasdaq

SK Hynix to list Intel’s NAND unit on Nasdaq

South Korea’s SK Hynix Inc. decided to list the recently acquired Intel Corp.’s NAND flash memory chip business on the Nasdaq in a move ...

POSCO mothballs Korea’s oldest blast furnace for carbon neutrality

POSCO mothballs Korea’s oldest blast furnace for carbon neutrality

Park Tae-joon, the late honorary chairman of POSCO Co., and other key founding members of the global steel giant celebrated on June 9, 1973, when So...

Telecom giant KT to develop its own NPU, AI ecosystem

Telecom giant KT to develop its own NPU, AI ecosystem

Telecommunications giant KT Corp. announced concrete plans to launch its artificial intelligence infrastructure business by joining forces with indu...

Hyundai Oilbank to sell fuels to Hawaii in first term deal with US

Hyundai Oilbank to sell fuels to Hawaii in first term deal with US

South Korean refiner Hyundai Oilbank Co. is set to export gasoline and diesel to Hawaii next year through its first term contract to sell petroleum ...

Kolon's early bets on para-aramid recovery pays off amid AI boom Shinsegae chair likely to head Asian arm of pro-Trump Rockbridge S.Korea’s leading ERP player Douzone Bizon up for sale; EQT Partners in talks MSCI maintains S.Korea’s emerging-market status; level playing field required GEPS taps former KB Asset chief risk officer as new CIO