Samsung Elec looks to Google, Apple alumni for future growth

Samsung Electronics Co., the world’s top memory chip and smartphone maker, has tapped more alumni from US Big Tech companies such as Google, A...

LG Energy Solution eyes US market for ESS

South Korea's LG Energy Solution Ltd. is accelerating its entry into the rapidly growing US market for energy storage systems (ESS).The company on T...

Naver, Hotel Shilla to collaborate for AI and cloud

South Korean leading luxury hotel and retail operator Hotel Shilla has entered into a strategic partnership with internet giant Naver Corp. The coll...

Hanjin KAL to sell off its Waikiki Resort Hotel at $108 mn

South Korea’s Hanjin KAL Corp. will sell the assets owned by its Hawaii-based subsidiary Waikiki Resort Hotel Inc. to US company AHI-CLG LLC a...

Qualcomm, Samsung execute tech to improve 5G performance

Qualcomm Inc., the leading global mobile chip maker, and Samsung Electronics Co., the world’s second-largest smartphone manufacturer, have suc...

Korea warns foreigners of stricter rules on illegal short selling

South Korea’s financial watchdog urged foreign brokerage firms to strengthen their internal control systems to ban illegal short selling on th...

Solus aims to mass-produce copper foil in Canada from 2026

Solus Advanced Materials Co., a South Korean copper foil supplier to Tesla Inc., on Tuesday broke ground on its third overseas plant in Quebec, Cana...

Jackpot seekers boost Grand Hyatt Jeju's Aug sales to record high

Grand Hyatt Jeju within Jeju Dream Tower Integrated Resort posted its highest-ever revenue of 14.3 billion won ($10.8 million) in August, Lotte Tour...

Hanwha to showcase advanced weapons systems in Poland

South Korea’s Hanwha Group will unveil its advanced land, sea, air and space weapons systems this week at the International Defense Industry E...

LG H&H's The Whoo unveils Cheongidan renewal line in Shanghai

LG H&H Co. announced on Thursday its strategy to focus on the Chinese market by unveiling a renewal version of "Cheongidan," the flagship produc...

Amorepacific's Aestura to enter Japanese market

South Korean beauty and cosmetics giant Amorepacific Corp. announced on Wednesday that its derma cosmetic brand Aestura will enter the Japanese mark...

S.Korean lenders in New York luxury hotel likely to see losses

Some South Korean institutional investors may see significant losses on their investment in a hotel in the heart of New York as the developer has de...

Korean banks' earnings hit hard by unpaid debts, rate hikes

South Korea’s major banks expect their earnings in the second half to fall on the soaring distressed debts of households and companies due to ...

K-tourism video ads with Lee Jung-jae exceed 510 mn views

The four-video Challenge Korea series promoting tourism in South Korea with "Squid Game" actor Lee Jung-jae has surpassed half a billion views in ju...

LX Group may bid for container line HMM in four-way race

South Korea’s logistics-to-trading conglomerate LX Group is expected to join the race for the country’s No. 1 shipping company HMM Co. i...

Paradise City, Ctrip to jointly launch S.Korean travel packages

Paradise City, an integrated resort in Incheon, announced on Monday that it has partnered with China's largest online travel agency Ctrip to introdu...

Lotte Hotels & Resorts to launch premium kimchi product

Lotte Hotels & Resorts, a leading South Korean hospitality company, announced on Thursday its intention to penetrate the domestic kimchi market,...

Korea’s Big Four conglomerates likely to regain FKI membership

South Korea’s four largest business conglomerates – Samsung, Hyundai Motor, SK and LG – will likely return as members of the count...

Budget carriers turn around with highest-ever profits in Q2

South Korea’s low-cost carriers (LCCs) posted their highest-ever quarterly profits on the back of a surge in international travel as the indus...

Bullet maker Poongsan chief Ryu’s new role: Korea’s top business lobbyist

  Jin Roy Ryu, chairman of South Korea’s leading copper smelter and defense equipment maker Poongsan Corp., has been chosen to lead the ...

S.Korea's No. 1 flight route in 2023 is Incheon-Osaka

South Korea's most popular international flight route in the first half of this year was between Incheon International Airport and Kansai Internatio...

Shinsegae Live Shopping launches first travel product to India in four years

South Korea’s Shinsegae Live Shopping announced on Thursday that it has partnered with Mode Tour to sell travel products to India for the firs...

Korean Air’s operating profit falls to $360 mn in Q2 2023

Korean Air Lines Co.’s operating profit in the second quarter fell over 30% from the same period last year in line with market consensus.Consi...

S.Korea's top four accounting firms to cut hiring 30%

South Korea's top four accounting firms -- Samil PwC, Samjong KPMG, Deloitte Anjin and EY Hanyoung -- are expected to cut hiring this year more than...

Goyard bags high on SE Asians’ shopping list in S.Korea

Goyard outlets in Seoul bustled with shoppers on Friday, especially from Southeast Asia, looking for the French luxury brand’s popular bags: G...

Avikus to unveil self-sailing marine taxi in Busan

Avikus, an autonomous ship navigation affiliate of South Korea's HD Hyundai Co., will apply its self-developed autonomous navigation solution to mar...

GM Korea releases new Trailblazer geared for S.Korean market

General Motors (GM) Korea on Wednesday launched the domestic sale of its new model of the small SUV Trailblazer customized for the South Korean mark...

Korean Air resumes flights from Busan to Japan after three-year suspension

Korean Air Lines Co., the largest airline and flag carrier of South Korea, said on Tuesday that it would resume its operations on the Busan-Fukuoka ...

Korea Investment 1st Korean broker to sell samurai bonds

Korea Investment & Securities Co. on Friday became the first South Korean brokerage company to sell samurai bonds, raising 20 billion yen ($145 ...

Kia vows to take 10% of Indian market after 1 million car output

In celebration of producing 1 million cars from its Indian plant, Kia Corp. has vowed to command 10% of the Indian car market with more diverse mode...