Samsung Heavy to expand maritime business with CCS

Samsung Heavy to expand maritime business with CCS

South Korean shipbuilder Samsung Heavy Industries announced on Thursday that it has secured Approval In Principle from a Norwegian classification so...

Hyundai to invest $398 mn in Korea Zinc for battery materials

Hyundai to invest $398 mn in Korea Zinc for battery materials

Hyundai Motor Group, the global No. 3 automaker, is set to invest $398 million in Korea Zinc Inc., the world’s top lead and zinc smelter, for ...

The Hyundai Seoul attracts 100 mn visitors in 30 months

The Hyundai Seoul attracts 100 mn visitors in 30 months

The Hyundai Seoul, the largest shopping mall in the South Korean capital, has attracted over 100 million visitors since its opening to emerge as a h...

EuBiologics, GC Biopharma to jointly produce cholera vaccine

EuBiologics, GC Biopharma to jointly produce cholera vaccine

South Korea's EuBiologics Co., the world's leading cholera vaccine company, has signed a joint production agreement with GC Biopharma Corp. to produ...

LG Display boosts ties with Mercedes-Benz in vehicle screens

LG Display boosts ties with Mercedes-Benz in vehicle screens

South Korea's LG Display Co. has reinforced its auto display cooperation with German automotive giant Mercedes-Benz, raising prospects that the form...

Hanwha Ocean to raise $1.5 bn to boost warship business

Hanwha Ocean to raise $1.5 bn to boost warship business

South Korea's Hanwha Ocean Co. will secure 2 trillion won ($1.5 billion) in fresh capital through rights issues, the company said on Wednesday, as t...

LG Chem to sell film factories amid shift to new growth drivers

LG Chem to sell film factories amid shift to new growth drivers

LG Chem Ltd., South Korea’s chemical major, is seeking to sell its film factories at home amid accelerating business reorganization centered a...

Kyochon, Pablo Air to collaborate for commercializing drone delivery

Kyochon, Pablo Air to collaborate for commercializing drone delivery

South Korea's fried chicken chain Kyochon F&B announced on Wednesday that it signed a memorandum of understanding (MOU) with the drone logistics...

SK Enmove partners with Dell, GRC for data center coolant business

SK Enmove partners with Dell, GRC for data center coolant business

South Korea’s lube oil maker SK Enmove Co. has partnered with US computer maker Dell Technologies Inc. and data center cooling system provider...

Lotte’s intra-group merger, business integration fare well

Lotte’s intra-group merger, business integration fare well

Lotte Mart and Lotte Super are leading Lotte Group’s efforts to streamline the overlapping businesses of its units. Their second-quarter resul...

Korea’s business lobby group FKI goes down in history in disgrace

Korea’s business lobby group FKI goes down in history in disgrace

The Federation of Korean Industries (FKI), the voice of the conglomerates that formed the engine of the South Korean economy for more than five deca...

Fans of Supreme rush into the label's 1st Korean store

Fans of Supreme rush into the label's 1st Korean store

The US street fashion brand “Supreme,” which has a global fandom with a brand name written in white in a red box, opened its first store...

Samsung Securities decides not to rejoin Korea’s top business lobby

Samsung Securities decides not to rejoin Korea’s top business lobby

Samsung Securities Co., in a surprise move, has decided not to rejoin South Korea’s top business lobby, the Federation of Korean Industries (F...

Hanwha Life sees cumulative profit in 15 years in Vietnam

Hanwha Life sees cumulative profit in 15 years in Vietnam

Hanwha Life Insurance Co.’s Vietnamese subsidiary has reported a cumulative profit in 15 years, marking the first South Korean insurers’...

Seoul’s slow but enduring push to be Asia’s premier financial hub

Seoul’s slow but enduring push to be Asia’s premier financial hub

It is a long-cherished dream of Seoul, the capital city of South Korea, to present itself to the world as Asia’s prime financial hub, but the ...

CJ CheilJedang, Kakao Healthcare sign business agreement

CJ CheilJedang, Kakao Healthcare sign business agreement

South Korean food giant CJ CheilJedang Corp. announced on Friday that it has signed a business agreement with Kakao Healthcare, a digital healthcare...

Celltrion to merge with global sales affiliate by end-2023

Celltrion to merge with global sales affiliate by end-2023

South Korean pharmaceutical giant Celltrion Group has begun procedures to merge biopharmaceuticals developer and producer Celltrion Inc. with global...

SK Telecom to host global AI hackathon in Seoul with OpenAI

SK Telecom to host global AI hackathon in Seoul with OpenAI

South Korea's SK Telecom Co. will hold next month an artificial intelligence contest with OpenAI, the American information and communications techno...

Camp David Summit to Unite U.S., South Korea, Japan

Camp David Summit to Unite U.S., South Korea, Japan

WASHINGTON—A new trilateral alliance linking the U.S., South Korea and Japan will enhance cooperation among the nations in key areas, includin...

Hyundai Motor, Seoul Univ. to establish Future Automotive Mobility

Hyundai Motor, Seoul Univ. to establish Future Automotive Mobility

Hyundai Motor Co. and Seoul National University have joined forces to cultivate talent in electric vehicle control and vehicle software, which are e...

Staying 5 hours on cruise ship in Busan raises sales 30%: study

Staying 5 hours on cruise ship in Busan raises sales 30%: study

With the resumption of international cruise ship travel to South Korea, domestic credit card company BC Card says daily sales in commercial district...

Kumho chief Park, other business leaders granted presidential pardons

Kumho chief Park, other business leaders granted presidential pardons

Park Chan-koo, honorary chairman of Kumho Petrochemical Co., and 11 other South Korean business leaders have been granted presidential pardons to ...

Tokio Marine seeks to sell SE Asia units to S.Korean companies

Tokio Marine seeks to sell SE Asia units to S.Korean companies

Japanese insurer Tokio Marine Holdings Inc. is seeking to sell its units in Southeast Asia for $1 billion to major South Korean companies looking fo...

Falling on deaf ears: Costco Korea cart pusher's death

Falling on deaf ears: Costco Korea cart pusher's death

Costco Wholesale’s co-founder Jim Sinegal had said South Korea was a “fantastic market,” where it ran its largest store in terms o...

BTS label HYBE to wholly own K-pop band Enhypen agency

BTS label HYBE to wholly own K-pop band Enhypen agency

HYBE Co., the agency of K-pop sensation BTS, is slated to acquire a controlling stake in music label Belift Lab Inc. as South Korean entertainment p...

LG Elec. showcases micro LED optimized for business spaces

LG Elec. showcases micro LED optimized for business spaces

South Korea’s LG Electronics Inc. said on Thursday that it has launched a micro light-emitting diode (LED) signage, LG MAGNIT All-in-One, to t...

POSCO changes brand slogan for first time in 23 years

POSCO changes brand slogan for first time in 23 years

POSCO Holdings Inc., the holding firm of South Korea’s largest steelmaker, on Wednesday announced a new brand slogan, “Green Tomorrow, w...

SK Pharmteco secures 12 global pharma clients, sets up US R&D center

 SK Pharmteco secures 12 global pharma clients, sets up US R&D center

SK Pharmteco Co., South Korean conglomerate SK Group’s contract development and manufacturing organization (CDMO), has secured 12 global pharm...

SK Telecom’s transition into AI company gains traction

SK Telecom’s transition into AI company gains traction

SK Telecom Co., South Korea’s leading telecom firm, reported solid earnings across the board in the second quarter, especially with steady gro...

S.Korea, Laos boost partnership in global drive to cut CO2 emissions

S.Korea, Laos boost partnership in global drive to cut CO2 emissions

South Korea's Ministry of Trade, Industry and Energy on Tuesday held talks with Laos' Ministry of Natural Resources and Environment at the Seoul hea...

Deal graveyard: S.Korean F&B franchises left without takers LG Energy, GM’s JV Ultium Cells to retrofit Tennessee plant to produce LFP batteries KPop Demon Hunters OST lands at No.6 on Billboard Hot 100 K-beauty craze sends Olive Young online sales to new heights Hyundai Motor’s high-stakes gambit in US: Cut vehicle prices as rivals hike